Market Overview:
The global marine exhaust treatment system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for maritime transportation and stringent environmental regulations across the globe. Based on type, the global marine exhaust treatment system market is segmented into exhaust gas recirculation (EGR) systems, selective catalytic reduction (SCR) systems, and others. EGR systems are expected to dominate the market in terms of revenue share during the forecast period owing to their high adoption rate in bulk vessels and container vessels. SCR systems are projected to be the fastest-growing type segment during the forecast period due to their ability reduce NOx emissions by up to 90%. Based on application, bulk vessels accounted for majority of revenue share in 2017 and is projected be dominant throughoutthe forecast period followed by container vessels. Cruises vessel segmentis anticipatedto witness highest CAGR overthe forecastperioddue tonumerous new cruise liners being launched coupled with rising demand for cruises holidays globally .
Product Definition:
A marine exhaust treatment system is a device or set of devices used on a boat or ship to clean the exhaust fumes from the engine before they are released into the atmosphere. These systems are important because they help keep the air clean and prevent pollution.
Exhaust Gas Recirculation (EGR) Systems:
Exhaust gas recirculation (EGR) systems are used to control the corrosion of marine equipment and pipelines by removing harmful exhaust gases. EGR is an old technology, which has been used in ships for many years. It consists of a valve that can be closed to reduce the amount of exhaust entered into the engine room, thereby reducing carbon monoxide and other gasses entering into the ship’s machinery.
Selective Catalytic Reduction (SCR) Systems:
The selective catalytic reduction (SCR) systems and it's usage in marine exhaust treatment system market is expected to witness significant growth over the forecast period. A selective catalytic reduction system is also known as Selective Non-Combustible Catalytic Reduction System, or SNCR for short.
Application Insights:
Bulk vessels led the market and accounted for more than 60.0% share of the global revenue in 2017 owing to rising demand from various industries including chemical, petrochemicals, LNG, and others. The growth of these industries is expected to drive exhaust treatment system requirements in bulk vessels over the forecast period.
Container vessel application segment is anticipated to witness significant growth over the forecast period owing to increasing use of containers across various end-use industries such as manufacturing, energy & power generation, healthcare & pharmaceuticals among others. Growing use of containers has resulted in increased number of calls at sea which have further driven up requirement for container ships with superior performance capabilities that offer reliable service at reduced costs over a longer duration compared to other ships operating on same routes. This trend is expected continue driving up demand for marine exhaust treatment systems on container ships thereby offering promising prospects for industry expansion during future periods.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing port activities, industrial operations, and other waterborne transportation activities that generate a large amount of exhaust gases. This trend is projected to drive the demand for marine exhaust treatment systems in this region.
The growing number of cruise ships also presents significant growth opportunities for marine exhaust treatment system manufacturers across Asia Pacific as these vessels are typically equipped with such systems at sea or on land (depending upon where they operate). In addition, rising investments by countries like China and India in developing their ports will boost product demand over the coming years. For instance, China’s 13th Five-Year Plan from 2016 aimed at developing key sectors including maritime transport infrastructure with an investment worth USD X billion between 2015 and 2020 was intended to promote trade within China as well as overseas.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vessels
- Stringent environmental regulations for maritime sector
- Growing popularity of exhaust gas cleaning systems among ship owners and operators
- Proliferation of scrubber technology to meet new emissions standards
- Rising investment in maritime infrastructure
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Exhaust Treatment System Market Research Report
By Type
Exhaust Gas Recirculation (EGR) Systems, Selective Catalytic Reduction (SCR) Systems, Others
By Application
Bulk Vessels, Container Vessels, Cruises Vessels, Ropax/ferry, Tanker, Gas Carrier Vessels, Other
By Companies
Alfa Laval, Wartsila, Yara, Shanghai Bluesoul, Clean Marine, Niigata Power System, DEC Maritime, Kwangsung, Tenneco, Ecospray Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Marine Exhaust Treatment System Market Report Segments:
The global Marine Exhaust Treatment System market is segmented on the basis of:
Types
Exhaust Gas Recirculation (EGR) Systems, Selective Catalytic Reduction (SCR) Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bulk Vessels, Container Vessels, Cruises Vessels, Ropax/ferry, Tanker, Gas Carrier Vessels, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfa Laval
- Wartsila
- Yara
- Shanghai Bluesoul
- Clean Marine
- Niigata Power System
- DEC Maritime
- Kwangsung
- Tenneco
- Ecospray Technologies
Highlights of The Marine Exhaust Treatment System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Exhaust Gas Recirculation (EGR) Systems
- Selective Catalytic Reduction (SCR) Systems
- Others
- By Application:
- Bulk Vessels
- Container Vessels
- Cruises Vessels
- Ropax/ferry
- Tanker
- Gas Carrier Vessels
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Exhaust Treatment System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Marine exhaust treatment system (METS) is a device that removes pollutants from the exhaust of a vessel. METS systems are typically used on ships and boats, but they can also be found on aircraft. METS systems use a variety of technologies to remove pollutants from the exhaust, including scrubbers, catalysts, and oxidation catalysts.
Some of the major players in the marine exhaust treatment system market are Alfa Laval, Wartsila, Yara, Shanghai Bluesoul, Clean Marine, Niigata Power System, DEC Maritime, Kwangsung, Tenneco, Ecospray Technologies.
The marine exhaust treatment system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Exhaust Treatment System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Exhaust Treatment System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Exhaust Treatment System Market - Supply Chain
4.5. Global Marine Exhaust Treatment System Market Forecast
4.5.1. Marine Exhaust Treatment System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Exhaust Treatment System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Exhaust Treatment System Market Absolute $ Opportunity
5. Global Marine Exhaust Treatment System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Exhaust Treatment System Market Size and Volume Forecast by Type
5.3.1. Exhaust Gas Recirculation (EGR) Systems
5.3.2. Selective Catalytic Reduction (SCR) Systems
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Exhaust Treatment System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Exhaust Treatment System Market Size and Volume Forecast by Application
6.3.1. Bulk Vessels
6.3.2. Container Vessels
6.3.3. Cruises Vessels
6.3.4. Ropax/ferry
6.3.5. Tanker
6.3.6. Gas Carrier Vessels
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Exhaust Treatment System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Exhaust Treatment System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Exhaust Treatment System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Exhaust Treatment System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Exhaust Treatment System Demand Share Forecast, 2019-2026
9. North America Marine Exhaust Treatment System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Exhaust Treatment System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Exhaust Treatment System Market Size and Volume Forecast by Application
9.4.1. Bulk Vessels
9.4.2. Container Vessels
9.4.3. Cruises Vessels
9.4.4. Ropax/ferry
9.4.5. Tanker
9.4.6. Gas Carrier Vessels
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Exhaust Treatment System Market Size and Volume Forecast by Type
9.7.1. Exhaust Gas Recirculation (EGR) Systems
9.7.2. Selective Catalytic Reduction (SCR) Systems
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Exhaust Treatment System Demand Share Forecast, 2019-2026
10. Latin America Marine Exhaust Treatment System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Exhaust Treatment System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Exhaust Treatment System Market Size and Volume Forecast by Application
10.4.1. Bulk Vessels
10.4.2. Container Vessels
10.4.3. Cruises Vessels
10.4.4. Ropax/ferry
10.4.5. Tanker
10.4.6. Gas Carrier Vessels
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Exhaust Treatment System Market Size and Volume Forecast by Type
10.7.1. Exhaust Gas Recirculation (EGR) Systems
10.7.2. Selective Catalytic Reduction (SCR) Systems
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Exhaust Treatment System Demand Share Forecast, 2019-2026
11. Europe Marine Exhaust Treatment System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Exhaust Treatment System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Exhaust Treatment System Market Size and Volume Forecast by Application
11.4.1. Bulk Vessels
11.4.2. Container Vessels
11.4.3. Cruises Vessels
11.4.4. Ropax/ferry
11.4.5. Tanker
11.4.6. Gas Carrier Vessels
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Exhaust Treatment System Market Size and Volume Forecast by Type
11.7.1. Exhaust Gas Recirculation (EGR) Systems
11.7.2. Selective Catalytic Reduction (SCR) Systems
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Exhaust Treatment System Demand Share, 2019-2026
12. Asia Pacific Marine Exhaust Treatment System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Exhaust Treatment System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Exhaust Treatment System Market Size and Volume Forecast by Application
12.4.1. Bulk Vessels
12.4.2. Container Vessels
12.4.3. Cruises Vessels
12.4.4. Ropax/ferry
12.4.5. Tanker
12.4.6. Gas Carrier Vessels
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Exhaust Treatment System Market Size and Volume Forecast by Type
12.7.1. Exhaust Gas Recirculation (EGR) Systems
12.7.2. Selective Catalytic Reduction (SCR) Systems
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Exhaust Treatment System Demand Share, 2019-2026
13. Middle East & Africa Marine Exhaust Treatment System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Exhaust Treatment System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Exhaust Treatment System Market Size and Volume Forecast by Application
13.4.1. Bulk Vessels
13.4.2. Container Vessels
13.4.3. Cruises Vessels
13.4.4. Ropax/ferry
13.4.5. Tanker
13.4.6. Gas Carrier Vessels
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Exhaust Treatment System Market Size and Volume Forecast by Type
13.7.1. Exhaust Gas Recirculation (EGR) Systems
13.7.2. Selective Catalytic Reduction (SCR) Systems
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Exhaust Treatment System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Exhaust Treatment System Market: Market Share Analysis
14.2. Marine Exhaust Treatment System Distributors and Customers
14.3. Marine Exhaust Treatment System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Laval
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Wartsila
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yara
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shanghai Bluesoul
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clean Marine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Niigata Power System
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DEC Maritime
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kwangsung
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tenneco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ecospray Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook