Global Marine Emission Control System Market to Expand US$14bn by

2024: Global Market Insights Inc.

Fuel Cell Market size worth $25.5bn by 2024

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 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.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 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 R&D
initiatives toward green shipping will complement the business outlook.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Europe Scrubber Marine Emission Control System Industry
Size, By Country, 2017 (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
 Interesting, right?
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