Marine Selective Catalytic Reduction Systems Market to reach $5bn by 2024: Global Market Insights Inc. Global Marine Selective Catalytic Reduction Systems Market in 2017 was valued over USD 3 billion and Marine Selective Catalytic Reduction System Market is set to surpass USD 5 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Increasing levels of nitrogen emissions from maritime industry along with growing concerns over its adverse effects on human health and environment will drive the marine Selective Catalytic Reduction (SCR) system market growth. The IMO introduced a norm under Regulation 13 with an aim to limit nitrogen emissions by engines with power output more than 130kW. The directive applies to the vessels installed and built from 1st January 2016. Rising concerns pertaining to NOx emissions coupled with stringent legislative norms is anticipated to encourage the product adoption.
China marine selective catalytic reduction system market size is predicted to expand over 3% by 2024. Increase in long international voyage coupled with rising inter-border trade, cross-border mergers, and tax inversions will encourage the product adoption. The China Ministry of Transport published new NOx control requirements on 3rd July 2018, that specifically imply to second hand imported & domestic diesel engine vessels. Increasing ocean acidification along with rising legislative pressure with an aim to limit NOx emissions will fuel the Europe marine selective catalytic reduction system market growth. Ongoing R&D investments pertaining to product design and ability to reduce the cost pressure will strengthen the business outlook. In addition, the need for the big ships to report its annual emission data along with other information post 2018 will propel the product installation. Commercial marine selective catalytic reduction system market will grow over 2% by 2024. Growing standards with regard to system operation, inspection, and construction to maintain safe trade will stimulate the product adoption. Rising awareness to minimize maritime pollution coupled with ongoing R&D ventures with an aim to develop emission control technologies will positively impact the industry landscape.
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Europe Marine Selective Catalytic Reduction Systems Market Size, By Application, 2017 & 2024 (USD Million)
Increasing ocean acidification along with rising legislative pressure with an aim to limit NOx emissions will fuel the Europe marine selective catalytic reduction system market growth. Ongoing R&D investments pertaining to product design and ability to reduce the cost pressure will strengthen the business outlook. In addition, the need for the big ships to report its annual emission data along with other information post 2018 will propel the product installation. Rising disposable income, demographic shifts, and improved standard of living leading to growth in investments toward tourism industry will drive the Asia Pacific marine SCR system market size. In addition, increase in shipbuilding activities, most notably in China, Japan and South Korea is anticipated to encourage the regional industry growth. Ongoing investments to limit pollution by marine industry through establishing new ECA zones will further boost the product adoption. Key manufacturers active in the marine selective catalytic reduction system market comprise Tenneco, Wärtsilä, YARA International, Hyundai, Mitsubishi, Johnson Matthey, PANASIA, Hitachi Zosen, MAN Energy Solutions, Agriemach, Hug Engineering, DCL International, Caterpillar, ECOUREA, ME Production, and DEC Marine amongst others.
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Browse key industry insights spread across 446 pages with 657 market data tables & 22 figures & charts from the report, “Marine Selective Catalytic Reduction System Market Size By Application (Commercial {Containers, Tankers, Bulk Carriers, RO-RO}, Offshore {AHTS, PSV, F SV, MPSV}, Recreational {Cruise Ships, Ferries, Yachts}, Navy), ), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Norway, France, Russia, Denmark, China, Japan, India, South Korea, Australia, Vietnam, Saudi Arabia, UAE, Iran, Angola, Egypt, South Africa, Brazil, Argentina, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents: https://bit.ly/2PlcrZb Table of Content (TOC-)
Chapter 1. Methodology and Scope 1.1. Methodology 1.2. Market definitions 1.3. Market estimates and forecast parameters 1.4. Data Sources 1.4.1. Primary 1.4.2. Secondary 1.4.2.1.
Paid Sources
1.4.2.2.
Public Sources
1.5. Abbreviations Chapter 2. Executive Summary 2.1. Marine selective catalytic reduction systems industry 3600 synopsis, 2013 - 2024
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2.1.1. Business trends 2.1.2. Application trends 2.1.3. Regional trends Chapter 3. Marine Selective Catalytic Reduction Systems Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 – 2024 (USD Million) 3.3. Industry ecosystem analysis 3.3.1. Vendor Matrix 3.4. Innovation & sustainability 3.4.1. Tenneco 3.4.2. Wärtsilä 3.4.3. Hyundai Heavy Industries 3.4.4. MAN Energy Solutions 3.5. Regulatory landscape 3.5.1. IMO 3.5.1.1.
MARPOL
3.5.1.1.1.
NOx Emission Standards
3.5.2. U.S. 3.5.2.1.1.
1999 Marine Engine Rule
3.5.2.1.2.
2002 Recreational Engine Rule
3.5.2.1.3.
2003 Category 3 Engine Rule
3.5.2.1.4.
Environment Control Areas
3.5.3. China
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3.5.3.1.
China, I/II Standards
3.5.4. Japan 3.5.5. Europe 3.5.5.1.
Directive 2004/26/EC
3.6. Shipbuilding industry trends & outlook (2013- 2024) 3.7. Global operated fleet, by operators, 2016 3.8. Global ownership of fleet, by countries, 2017 3.9. Cost benefit analysis 3.10. 2015
Global NOx emissions (thousand tonnes), by leading countries,
3.11.
Industry impact forces
3.11.1. Growth drivers 3.11.1.1.
Growing seaborne trade activities
3.11.1.2.
Stringent government regulations toward NOx
3.11.2. Industry pitfalls & challenges 3.11.2.1.
High installation cost
3.11.2.2.
Availability of alternate fuel
3.12.
Porter's Analysis
3.13.
Key customer requirements
3.14.
Entry barriers
3.15.
Porter’s analysis
3.16.
Growth potential analysis
3.17.
Competitive landscape, 2017
3.17.1. Strategy dashboard 5|Page
3.17.1.1.
Wärtsilä
3.17.1.1.1.
Acquisitions
3.17.1.1.2.
Partnership
3.17.1.1.3.
Agreement
3.17.1.1.4.
Joint Venture
3.17.1.1.5.
Product Launch
3.17.1.1.6.
Product Development
3.17.1.2.
Mitsubishi
3.17.1.2.1. 3.17.1.3.
Yara
3.17.1.3.1. 3.17.1.4.
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Agreement
Hyundai Heavy Industries
3.17.1.6.1. 3.18.
Product Development
Hug Engineering
3.17.1.5.1. 3.17.1.6.
Partnership
MAN Energy Solutions
3.17.1.4.1. 3.17.1.5.
Agreement
PESTEL Analysis
Product Development
Industry Coverage
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: http://algosonline.com/technology
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