Gas Scrubber Market: Overview
A gas scrubber is a waste gas treatment device, which uses liquid to capture and remove pollutants from industrial exhaust gases. This process involves the dispersion of atomized liquid into the exhaust gas stream. The liquid droplets adhere to the solid particulates in the gas and settle to the bottom of the equipment from which they are collected for disposal. Gas scrubbers are used as a method of reducing harmful gas emissions.
Gas Scrubber Market: Drivers & Restraints
Rise in adoption of green manufacturing is a major factor driving the gas scrubber market. Green manufacturing confirms sustainable manufacturing through the development and sale of green products and the adoption of such manufacturing processes reduces pollution, waste, and emissions. Most of the companies around the world are including green manufacturing practices in their production units. Moreover, rise in the need for gas scrubber automation and monitoring in the marine industry is fueling the gas scrubber market. A gas scrubber is extensively used in several industries due to very disposal output, simple technology, compact installation, simple maintenance, and its ability to serve as refrigeration for warm gas flow. These factors propel the gas scrubber market.
Gas Scrubber Market: Key Segments
The global gas scrubber market can be segmented based on product type, end-use, and region. In terms of product type, the gas scrubber market can be divided into ejector venturi gas scrubbers, vent gas scrubber systems, packed tower gas scrubbers, and others. Based on end-use, the gas scrubber market can be segregated into manufacturing industry, power industry, and marine industry. The manufacturing industry segment dominates the gas scrubber market. Rapid growth of the manufacturing industry drives the gas scrubber market. Furthermore, government initiatives to increase manufacturing base in countries such as China, India, and Vietnam is estimated to boost the demand for gas scrubber in manufacturing plants. The marine industry segment is anticipated to expand at a considerable CAGR during the forecast period. Gas scrubber have been incorporated in various vessels around the globe such as roll-on/roll-off, ferries, cruise ships, container ships, and very large crude carriers (VLCCs), as these vessels are heavy emitters of sulphur oxide (SOx). Scrubber systems help ship owners to burning less expensive high-sulfur fuel, while ensuring emissions are MARPOL compliant.
Gas Scrubber Market: Regional Outlook
In terms of region, the global gas scrubber market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is anticipated to lead the global gas scrubber market during the forecast period. High growth in power and manufacturing industries fuels the gas scrubber market in the region. The U.S. is a major consumer of gas scrubber. The gas scrubber market in Asia Pacific is likely to expand at a substantial CAGR during the forecast period. Rapid industrialization in emerging countries such as China and India and rise in shale gas extraction in China are expected to create various opportunities for the gas scrubbers market.
Gas Scrubber Market: Key Players
Major companies operating in the global gas scrubber market include Total Air Pollution Control Pty Ltd, Schutte & Koerting, KCH Services Inc., Air Poll engineering Company, Alstom SA, Balcke Duerr Gmbh, Wahlco,Inc., Foster Wheeler Ltd, Thermax Global, KEP Engineering, DUCON, Clyde Bergemann EEC, Hosokawa Micron Group, and Hamon Group.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.