Marine Emission Control System Market to cross USD 14 billion by 2024

1
Global Marine Emission Control System Market to
Expand US14bn by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Marine Emission Control System
Market

• Marine Emission Control Systems Market in 2017
  was valued over USD 5 billion, and will surpass
  USD 14 billion by 2024, as reported in the latest
  study by Global Market Insights, Inc. Stringency
  in the government mandates pertaining maritime
  pollution coupled with rising environment
  health concerns will drive the marine emission
  control system market growth. The IMO has
  launched a directive with an aim to reduce
  nitrogen oxide emissions by diesel engine
  vessels, built or installed on and after 1st
  January 2016.
• Growing trade activities along with advancements
  in emission control technology will propel the
  product installation. Restructuring of the old
  vessels to build sustainable systems coupled with
  healthy orderbook growing ship building
  industry will positively impact the business
  landscape. Imposition of monetary penalties in
  the instance of non-compliance to directives will
  further complement the marine emission control
  system market outlook.

3
Continued...

• China marine emission control system market is
  set to grow on account of increasing FDI flow
  coupled with cross-border mergers, acquisitions
  and tax inversions. The Chinese Ministry of
  Transport, on 3rd July 2018, published
  requirements with an aim to limit NOx emissions.
  The norms are applicable on engines imported and
  converted for domestic trade on after 1st
  September 2018.
• Installation of scrubber systems will witness an
  upsurge in demand owing to long term operational
  flexibility and less payback period. Hybrid
  scrubber system ability to treat high
  temperature and gas streams will positively
  impact the marine emission control system market
  share. In addition, increasing IMO directives to
  combat SOx emissions from marine industry along
  with RD initiatives toward green shipping will
  complement the business outlook.

4
Europe Scrubber Marine Emission Control System
Industry Size, By Country, 2017 (USD Million)

5

Browse Full Market Research Report On Marine
Emission Control System Market _at_
https//bit.ly/2G3FwVl Request for a Sample
of this Research Report _at_ https//bit.ly/2E26IBa
6
China Marine Emission Control System Industry
Size, By Technology, 2017 2024 (USD Million)

7
Continued...

• Recreational applications are anticipated to grow
  on account of rising disposable income and
  improvement in living standards. Ongoing
  investments in the development of tourism sector
  along with increasing demand for comfort and
  luxury will positively impact the marine emission
  control system market size.
• Commercial applications will witness growth owing
  to stringent government mandates coupled with
  rising cross-border trade and long international
  voyage. Ongoing replacement and upgradation of
  old vessels with an aim to adopt sustainable
  systems is further projected to drive the marine
  emission control system market growth.

8
Continued...

• The U.S. marine emission control system market
  will grow on account of ongoing RD activities
  coupled with introduction of standards toward
  system operation, construction and inspection.
  Growing demand for commercial and navy vessels
  along with implementation of strict IMO protocols
  will foster the industry growth. MEPC strategy to
  limit the marine emissions and reduce the
  pollution by 50 by 2050 will further accelerate
  the product demand.
• Some of the major marine emission control system
  market participants include Wärtsilä, Yara, Alfa
  Laval, DEC Maritime, Clean Marine, DuPont,
  Shanghai Bluesoul, Niigata Power System,
  Mitsubishi, Fuji Electric, Johnson Matthey,
  Kwangsung, Tenneco, Damen Shipyards, Ecospray
  Technologies and HH Engineering.

9
Industry Coverage

10
Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.2. Market definitions 1.3. Market
estimates and forecast parameters 1.4. Data
Sources 1.4.1. Primary 1.4.2.
Secondary 1.4.2.1. Paid Sources 1.4.2.2.
Public Sources 1.5. Abbreviations Chapter 2.
Executive Summary 2.1. Marine emission control
systems industry 3600 synopsis, 2013 -
2024 2.1.1. Business trends 2.1.2. Technology
trends 2.1.3. Fuel trends 2.1.4. Application
trends 2.1.5. Regional trends
11
Stay In Touch Website www.gminsights.com Soci
al Media