Global Ballast Water Treatment System Market
Global Ballast Water Treatment System Market Report Description:
Global ballast water treatment system market 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. The report on global ballast water treatment system market gives historical, current, and future market sizes (US$ Mn) on the basis of service type, ship type,technology, and region. This report studies global ballast water treatment system market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global ballast water treatment system market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global ballast water treatment system 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 ballast water treatment system market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Ballast Water Treatment System products.
Global Ballast Water Treatment System Market:
The global ballast water treatment system market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. 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.
Mandatory Installation of Ballast Water Treatment Systems is fueling the Market
Installation of ballast water treatment system prevents the spreading of potentially harmful aquatic pathogens and other organisms in the ballast water. Moreover, loading and unloading of untreated ballast water is a major threat for public health, environment. Stringent regulations from the International Maritime Organization is a key factor driving the growth of market over the forecast years. However, the regulations are not just assigned for the ship owners, but also for the ballast water treatment system providers as these systems need to be approved by IMO
Asia Pacific Accounts for Larger Market Revenue Share in Global Ballast Water Treatment System Market
Asia Pacific accounted for larger revenue share in global ballast water treatment system market with considerable CAGR. The growth in this region can be attributed to rise in focus on marine conservation, grow in marine trading of automotive, commodities, and other goods, and increase in the sales of ballast water treatment systems are bolster the market region. Europe and North America ballast water treatment market are growing at prominent growth and has lucrative opportunities over the forecast timeframe.
Competition Assessment
Key player’s profiles in the global ballast water treatment system market include:
- Wärtsilä Corporation (Finland)
- Xylem Inc. (U.S.)
- Evoqua Water Technologies LLC (U.S.)
- Ecochlor, Inc. (U.S.)
- Veolia Environnement S.A. (France)
- Alfa Laval AB (Sweden)
- Trojan Marinex (Canada)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- atg UV Technology (U.K.)
- JFE Engineering Corporation (Japan)
- Optimarin AS (Norway)
Global ballast water treatment system 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.
Key Findings of the Report:
- Global ballast water treatment system market expanding at significant CAGR over 2019 to 2025 owing to increase in focus on conservation of marine eco system
- Based on ship type, container ships accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global Ballast Water Treatment System market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Service Type
- Installation and Calibration
- Recommissioning
- Performance Measurement
By Ship Type
- Container Ships
- Dry Bulk Carriers
- Tankers
- General Cargos
- Others
By Technology
- Physical Disinfection
- Mechanical Method
- Chemical Method
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
