Summary
The global Ballast Water Treatment Solutions Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Ballast water treatment systems are designed to remove and destroy biological organisms such as algae, bacteria, and others from ballast water. Ballast water treatment is an evolving technology with increasing number of manufacturers. The global ballast water treatment solutions market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global ballast water treatment solutions market is expected to witness significant growth during the forecast period, owing to emerging healthcare concerns in the shipping industry.
Market Drivers
Rise in volumes of seaborne trade is expected to drive growth of the global ballast water treatment solutions market during the forecast period. According to the United Nations Conference on Trade and Development (UNCTAD), goods loaded worldwide reached 11.1 billion tons in 2019, increasing from 10 billion tons in 2015. According to the India Brand Equity Foundation (IBEF), traffic at major ports of India reached 704.81 million tons in FY20. Since ballast water is pumped in to maintain safe operating conditions throughout a voyage, its demand in the shipping industry has increased. Hence, such factors are expected to drive growth of the global ballast water treatment solutions market during the forecast period. Furthermore, emerging healthcare concerns in the shipping industry are expected to propel the global ballast water treatment solutions market growth over the forecast period.
Market Restraints
Constantly changing government rules and regulations are expected to hinder the global ballast water treatment solutions market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global ballast water treatment solutions market during the forecast period. This is owing to the presence of a large number of ports and harbors for the trade of automotive components, oils, and chemicals in the region. Furthermore, North America is expected to register a robust growth rate, owing to growing focus on the protection of the environment.
Competitive Section
Key players involved in the global ballast water treatment solutions market are Alfa Laval, De Nora, Hyde Marine, Ecochlor, Optimarin, Siemens, JFE Engineering, TeamTec, Techcross, Mitsubishi Heavy Industries, Bright Sky, Trojan Marinex, and Desmi.
For instance, in January 2020, Xylem inaugurated a new multi-disciplinary center for water, energy technologies, and wastewater at the company’s regional headquarters in Singapore.
The Ballast Water Treatment Solutions Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Ballast Water Treatment Solutions Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Alfa Laval
- Panasia
- TeamTec
- Qingdao Sunrui (CSIC)
- JFE Engineering
- NK
- Qingdao Headway Technology
- Optimarin
- Hyde Marine
- Veolia Water Technologies
- Techcross
- Siemens
- Ecochlor
- De Nora
- MMC Green Technology
- Wartsila
- NEI Treatment Systems
- Mitsubishi Heavy Industries
- Desmi
- Bright Sky
- Trojan Marinex
By the Product Type, the market is primarily segmented into:
- Chemical Method
- Physical Method
By Applications, the market is segmented into:
- Modify Ship
- New Build Ship
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Ballast Water Treatment Solutions Market Report:
- To assess the size of the market by value and volume
- Analyze the Ballast Water Treatment Solutions Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Ballast Water Treatment Solutions Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Ballast Water Treatment Solutions Market
The Ballast Water Treatment Solutions Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Ballast Water Treatment Solutions Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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