Overview:

Ballast water treatment system is usually used to destroy biological organisms such as zooplankton, algae, bacteria, etc. on the ship with the help of ballast water. These organisms pose a high threat to the ships also to the marine ecosystem by increasing the bio-invasion. Ballast water treatment system is environment friendly and safe.

Market Dynamics:

Increasing traced activities across the globe due to rapid industrialization and liberalization is resulting in demand for container vessels which is a major factor fueling growth of the global ballast water treatment system market. Additionally, major players focusing on expanding their business presence through strategic merger and acquisitions is another factor expected to support the growth of target market.

Major players inclination towards tracking the untapped market in the developing countries is expected to boost the growth of target market. However, factors such as developing government rules & regulations, and storage of disinfection by-products generated after water treatment are expected to hamper the growth of global ballast water treatment system market

Key Trends:

Rising investment by major players towards product development, along with innovative product offerings are recent trends observed in the global ballast water treatment system market. In 2020, Hyde Marine a global leader in ballast water treatment systems (BWTS) designed to control the spread of non-indigenous aquatic organisms launched Hyde GUARDIAN-US Ballast Water Treatment System.

Regional Analysis:

For detailed understanding of market dynamics, the global ballast water treatment system market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for highest share in terms of revenue in 2018. This dominance can be attributed to rising trade activities, focus on enhancing business presence in developing countries in order to track the untapped market.

Scope of the Report:

Detailed Segmentation:

Global Ships Ballast Water Treatment Systems Market, By Type:

• Physical Disinfection
• Mechanical Method
• Chemical Method

Global Ships Ballast Water Treatment Systems Market, By Capacity:

• Less than 1,500 m3
• 1,500–5,000 m3
• More than 5,000 m3

Global Ships Ballast Water Treatment Systems Market, By Ship Type:

• Container Ships
• Dry Bulk Carriers
• Tankers
• General Cargos

Key Players Covered:

Key players operating in the market includes Evoqua Water Technologies LLC, Calgon Carbon Corporation, Ecochlor, Inc., Veolia Environnement S.A., Wärtsilä Corporation, Xylem Inc., Alfa Laval AB, Trojan Marinex, Mitsubishi Heavy Industries, Ltd.

Key features of the study:

Foresight Market Research provides detailed analysis on ships ballast water treatment systems market in our report- Global Ships Ballast Water Treatment Systems Market by type, capacity, ship type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global ships ballast water treatment systems market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.