COVID-19 Impact analysis

• The COVID-19 pandemic ceased the production of various products in the scrubber system industry, which is attributed to the lockdown in countries worldwide. This has hampered the growth of the market since 2020 and is likely to continue in the coming quarters.
• The major demand for scrubber systems was previously noticed in giant manufacturing countries including the U.S., Germany, the UK, India, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for scrubber systems.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Scrubber system manufacturers can afford declining sales only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis
• Scrubber system manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. 
• Increase in vaccination drives and leniency in the COVID-19 restrictions resulted in reopening of various manufacturing facilities, which is a positive sign for the recovery of scrubber system market.

Top Impacting Factors

The global manufacturing and processing industry is witnessing significant growth owing to rise in demand for products such as food & beverage, oil & gas, and pharmaceutical. Increase in manufacturing facilities results in emission of various pollutants and dust particles. This creates a demand for use of pollution control devices such as scrubber systems. Scrubber systems are available in a wide range of specifications and sizes, thus making them suitable for use in variety of industries such as oil & gas processing, food processing and other manufacturing industries. However, high initial cost of these systems is a major restraint on the growth of the market. Asia-Pacific is witnessing substantial growth of manufacturing industry owing to availability of labor and various government initiatives. For instance, “Make in India” initiative launched by the Indian government and “Made in China 2025” launched by the Chinese government fuel the manufacturing sector in both India and China. Thus, the rapid growth of manufacturing industry in Asia-Pacific provides lucrative growth opportunities for the scrubber system market. 

Market Trends

• Key players in the industry are focused on developing new cost-efficient scrubber systems. For instance, in May 2019, Alfa Laval introduced new PureSOx water cleaning system, which provides cost-efficient scrubbing in closed loop. The new PureSOx water cleaning system is modular, can be adapted as per customer requirement, and is more cost-efficient.
• Manufacturers of scrubbing systems offer customized scrubber solutions. For instance, Yara Marine Technologies offers customized SOx scrubber systems as per end user requirements. SOx scrubber system offered by Yara Marine cleans exhaust and ensures compliance with IMO regulations. 

Key Benefits of the Report

• This study presents the analytical depiction of the scrubber system industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents detailed information related to key drivers, restraints, opportunities and market share of the scrubber system.
• A quantitative analysis highlights the scrubber system market growth scenario from 2020 to 2030.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed scrubber system market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Scrubber System Report 

• Who are the leading global players in the "scrubber system market”?
• What are the current and future trends?
• What is "scrubber System "?
• What is "scrubber system market” prediction in the future?
• What are the challenges faced in the "scrubber system market”?
• What are the driving factors and opportunities in the market? 
• What are the key benefits of the "scrubber system market” report?