South America Scrubber Systems Market is expected to reach US$ 100.19 million by 2028

PRESS RELEASE BY The Insight Partners 13 Dec 2021

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Food and Agricultural Segment is Expected to be Fastest Growing During Forecast Period for SAM Region      

According to The Insight Partners market research study on “SAM Scrubber Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology and Industry Verticals” is expected to reach US$ 100.19 million by 2028 from US$ 42.31 million in 2021. The market is estimated to grow at a CAGR of 13.1% from 2021 to 2028. The report provides trends prevailing in the SAM scrubber systems market along with the drivers and restraints pertaining to the market growth. Growing application of SOx removal scrubber technology in maritime industry and rapid industrialization in developing economies are the major factor driving the growth of the SAM scrubber systems market. However, shutdown of coal-fired power plants hinders the growth of SAM scrubber systems market.    

Countries in SAM, especially Brazil, are highly affected due to the COVID-19 outbreak. The mining and oil & gas sectors in SAM are adversely affected by the outbreak. Manufacturing & construction, mining, and oil & gas activities have been severely disrupted due to the COVID-19 crisis, which has adversely affected the region's scrubber systems market. The region is witnessing operational halt in various sectors, such as manufacturing, marine, and petrochemical industries, and these sectors are among the major end users of the scrubber systems. In SAM, Argentina and Brazil are the two prime oil and gas producing countries that account for more than 40% of the total SAM. During the COVID-19 pandemic, these countries witnessed a major decline in their oil & gas-related activities due to the collapsed oil and gas prices. This reduced the demand for scrubber systems in the region. However, from late 2020, the economies in SAM have slowly started to resume, and subsequently the oil & gas companies have started their operations. This development will have a positive impact on the scrubber systems market in the coming years. 

The SAM 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 SAM 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 SAM 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 Brazil, Argentina, and rest of SAM.

Alfa Laval; Babcock & Wilcox Enterprises, Inc.; CECO Environmental; DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Hamon; Verantis Environmental Solutions Group; and Wärtsilä Corporation are among the leading companies in the SAM 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, Wärtsilä is going to take a central role in the development of maritime carbon capture & storage (CCS) technologies as one of the partners in the LINCCS. Wärtsilä will lead this development with support from the Sustainable Energy Catapult Center as well as SINTEF Energy.    

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