The global market for Ballast Water Treatment estimated at US$ 49.5 Billion in the year 2020, is projected to reach a revised size of US$ 359.9 Billion by 2027, growing at a CAGR of 32% over the analysis period 2021-2027.
Ballast water treatment is a process in which ballast water is treated before it is discharged from a vessel in a harbor or in the middle of the sea to prevent aquatic life and use it to damage the marine environment due to harmful factors. This water treatment is primarily used by the marine industry to inactivate microorganisms such as marine bug larvae, young barnacles, and flatworms in ballast water without adding toxic substances. The system is cost-effective and offers high efficiency with low power consumption. The ballast water system reduces the ship’s instability and abnormal movement because the wing ballast tank’s center of gravity is much better than that of a double bottom tank. Small in size, environmentally friendly, easy to install, and salt-independent, which minimizes safety concerns, improving product quality standards on the market.
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Market Segments
By Technology:
- Physical disinfection
- Mechanical method
- Chemical method
By Service:
- Installation and calibration
- Performance measurement
- Recommissioning
By Ship Type:
- Container ships
- Dry bulk carriers
- Tankers
- General cargos
Key Players
- Wärtsilä
- Calgon Carbon Corporation
- ALFA LAVAL
- Xylem
- Evoqua Water Technologies LLC
- Veolia
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Ecochlor
Scope of the Report
The research study analyzes the global Ballast Water Treatment industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Ballast Water Treatment Market Report
1. What was the Ballast Water Treatment Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Ballast Water Treatment Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Ballast Water Treatment Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Ballast Water Treatment market.
- The market share of the global Ballast Water Treatment market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Ballast Water Treatment market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Ballast Water Treatment market.
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