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Description
The global ballast water treatment system market estimated to be valued US$ 15.3 Bn in 2021 and poised to grow at significant 35.3% CAGR over 2022-2028. Some of the key factors influencing the market growth include increase in marine trade coupled with stringent regulations to mandating the installation of ballast water treatment systems in ships are anticipated to propel the market over the forecast timeframe. Moreover, increase in the number of ships around the globe and emerging healthcare concerns in the shipping industry are bolster the ballast water treatment system market over the forecast timeframe.This market is surging owing to frequent acquisitions, partnerships, and collaborations by the market players. For instance, In September 2018, ALFA LAVAL signed an agreement with Europe-based shipping company, TORM to fit the ballast water treatment system by Alfa Laval across the 36 existing product tankers in its fleet.
This report gives comprehensive outlook on ballast water treatment system across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report gives historical, current, and future market sizes (US$ Bn) on the basis of service type, ship type,technology, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Ballast Water Treatment System products.
