Wet Technology Segment is Expected to be Fastest Growing During Forecast Period for MEA Region
According to The Insight Partners market research study on “MEA Scrubber Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology and Industry Verticals” is expected to reach US$ 192.28 million by 2028 from US$ 82.90 million in 2021. The market is estimated to grow at a CAGR of 12.8% from 2021 to 2028. The report provides trends prevailing in the MEA scrubber systems market along with the drivers and restraints pertaining to the market growth. Increasing application of SOx removal scrubber technology in maritime industry and accelerating industrialization in developing economies are the major factor driving the growth of the MEA scrubber systems market. However, shutdown of coal-fired power plants hinders the growth of MEA scrubber systems market.
The MEA scrubber systems market is segmented based on technology, industry verticals, and country. Based on technology, the market is segmented into wet technology and dry technology. The wet technology segment dominated the MEA scrubber systems market in 2020 and same segment is expected to be fastest growing during forecast period. In terms of industry verticals, the market is segmented into marine, oil and gas, petrochemicals and chemicals, food and agricultural, wastewater treatment, healthcare, and others. The marine segment dominated the MEA scrubber systems market in 2020 and food and agricultural segment is expected to be fastest growing during forecast period. In terms of country, the market is segmented into the UAE, South Africa, Saudi Arabia, and rest of MEA.
Alfa Laval; Babcock & Wilcox Enterprises, Inc.; CECO Environmental; DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Hamon; Verantis Environmental Solutions Group; Wärtsilä Corporation; and Yara Marine Technologies are among the leading companies in the MEA scrubber systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, DuPont Clean Technologies introduced an innovative and advanced steam plume suppression solution for its MECS DynaWave scrubbers in SRU (sulfur recovery units) applications. Sennuba provides reliable corrosion control and plume suppression in the scrubbing system that is at minimal risk of plugging.
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