According to the latest research report titled ‘ASEAN Marine Scrubber Systems Market Size By Technology, By Fuel, By Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, ASEAN marine scrubber systems market is expected to grow substantially through 2026.
 

Major factors responsible for expansion of ASEAN marine scrubber systems industry are numerous directives and environment-centric initiatives to address the concerns regarding prevalent climate imbalances and surging harmful gas emissions. Federal agencies across the region are following the IMO (International Maritime Organization) instructions to minimize NOx and SOx emissions. This, along with inclination of vessel owners towards advanced technologies is augmenting the market outlook.
 

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However, due to Covid-19 pandemic and long periods of lockdown lately, industrial operations plunged across ASEAN nations, resulting in economic slowdown. In order to compensate of the lost production and meet the rising consumer demand, the governments are focused on bolstering imports and exports, thereby creating lucrative opportunities for marine scrubber systems industry players in ASEAN. Also, amplified demand for logistics from commercial sector will act as a growth catalyst for the market.
 

Based on fuel type, the marketplace is classified into hybrid, MGO, MDO, and others. The report cites that MGO (marine gas oil) segment is anticipated to grow momentously over 2020-2026, as it emits significantly less SOx in the atmosphere. The fuel is promoted by marine organizations as it is appropriate for SECA (Sulphur emission control areas), which along with its popularity as spotless fuel alternative is boosting the segmental share.
 

Moving on to regional terrain, Singapore marine scrubber systems market size is touted to amass massive revenues by the year 2026, on account of huge funding for amplifying sea transportation as well as inflowing investment towards procuring and maintaining commercial vessels. Improved cognizance for environmental sustainability with strict IMO directives and ECA regulations are further propelling the regional market expansion.
 

Established organizations in ASEAN marine scrubber systems industry are DuPont de Nemours Inc., Valmet Oyj, Cleanmarine GmbH, Fuji Electric Co. Ltd., Mitsubishi Heavy industries Ltd., Yara International ASA, Damen Shipyards Group N.V., and Wärtsilä Oyj Abp.