Summary - A new market study, titled “Global Ballast Water Treatment Systems Market -2019-2026” has been featured on WiseGuyReports.
Global Ballast Water Treatment Systems Market Overview
The Global Ballast Water Treatment Systems Market is valued at $ XX million in 2018 and is expected to grow at a CAGR of XX% in the forecast period 2019-2026 to reach a value of $ XX million by 2026.
Global Ballast Water Treatment Systems Market – Market Dynamics
Increasing awareness about the conservation of marine life, stringent regulations imposed by the International Maritime Organization (IMO) upon the spread of harmful organisms into the marine environment and regulations upon the installation of water treatment services for ships are the major factors boosting the growth of the global Ballast Water Treatment Systems market.
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Ballast water is comprised of pathogens, disease causing organisms and aquatic microbes which are very harmful to the aquatic life. Release of this untreated ballast water poses a greater risk to the aquatic ecosystem. The International Maritime Organization imposed the creation of the International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004, which entered into force globally on 8 September 2017. This convention stated that from 8 September 2017, ships must manage their ballast water so that aquatic organisms and pathogens are removed or rendered harmless before the ballast water is released into a new location. This will help prevent the spread of invasive species as well as potentially harmful pathogens. All the ships have to carry a ballast water management plan, a ballast water record book and an International Ballast water management certificate. Such regulations imposed upon the treatment of ballast water have led to the installation of ballast water treatment systems and is one of the critical factors responsible for the growth of the global ballast water treatment systems market.
However, very high costs of ballast water treatment equipment and volatile prices of raw materials are the primary factors restraining the growth of the Ballast water treatment market.
Global Ballast Water Treatment Systems Market – Segment Analysis
Based on the technology, the market is segmented as physical dis-infection, chemical method and mechanical method.
The physical dis-infection method is the dominant segment of the global ballast water treatment market owing to the convenience and effectiveness of this method. Disinfection is the process of elimination of most pathogenic microorganisms (excluding bacterial spores) on inanimate objects. Physical disinfection processes such as sterilization using sunlight, sterilization using action of heat, UV sterilization, radiation, filtration and Ultrasonic vibrational methods are proven to be effective in eliminating 99% of pathogenic micro-organisms . This dis-infection process does not require raw materials in huge quantities and is majorly preferred by many manufacturers as the primary water treatment method and is expected to dominate the global Ballast Water Treatment Systems market in the future.
Based on the ship type, the market is segmented as container ships, general cargos, tankers, carriers, others (dry bulk ships). The container ships segment is the dominant segment of the global Ballast Water Treatment Systems segment of the global Ballast Water Treatment Systems market due to the increasing global trade activities. The United Nations Conference on Trade and Development (UNCTAD) estimates that the operation of merchant ships contributes about US$380 billion in freight rates within the global economy, equivalent to about 5% of total world trade. World seaborne trade volumes expanded by 2.6 per cent, up from 1.8 per cent in 2015. This has spurred the demand for container ships and is a crucial factor boosting the container ships segment to dominate the global Ballast Water Treatment Systems market in the future.
Global Ballast Water Treatment Systems Market– Geographical Analysis
The Global Ballast Water Treatment Systems Market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. The Asia Pacific region is further segmented into the countries such as China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific. The Asia Pacific region is the dominant segment in the Global Ballast Water Treatment Systems Market owing to the increasing trade activities by sea in countries such as China, Hong Kong, Japan and Singapore. According to the statistics published by The United Nations Conference on Trade and Development (UNCTAD), the Asia Pacific region’s total loaded goods which were traded via sea increased from 3882.9 million tons in 2015 to 3923.0 million tons in 2016. The total unloaded goods amounted to 809.6 million tons in 2015 which increased to 899.7 million tons in 2016. The increasing trade activities in the Asia Pacific region has led to the deployment of more fleet of cargo ships and carriers which are in turn boosting the demand for ballast water treatment installations on board.
Global Ballast Water Treatment Systems Market– Competitive Analysis
New product launches, expansion of facilities, mergers and acquisitions and strategic partnerships are vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate.
For instance, in April 2019, Israeli-based Atlantium Technologies is readying its proprietary ballast water management system (BWMS) for a full commercial launch before the end of this year, as the UV-based system is undergoing a shipboard testing on a Zim mid-sized container.
Moreover, in March 2019, 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.
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- Visualize the composition of the Global Ballast Water Treatment Systems Market across each indication, in terms of type and medications options, highlighting the key commercial assets and players.
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- Excel data sheet with thousands of data points of the Global Ballast Water Treatment Systems Market - level 4/5 segmentation.
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- Education & Research Institutes
- Research Professionals
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- Manufacturers
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This report presents the worldwide Ballast Water Treatment Equipment market size (value, production and consumption), splits the breakdown (data status 2014–2019 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-ballast-water-treatment-equipment-2025-334The following manufacturers are covered in this report:Alfa LavalPanasiaOceanSaverQingdao SunruiJFE EngineeringNKQingdao Headway TechnologyOptimarinHyde MarineVeolia Water TechnologiesTechcrossSEcochlorIndustrie De NoraMMC Green TechnologyWartsilaNEI Treatment SystemsMitsubishi Heavy IndustriesDesmiBright SkyTrojan MarinexEvoqua Water TechnologiesBallast Water Treatment Equipment Breakdown Data by TypeUltra-VioletElectrochemicalOthersUltra-Violet had a market share of 51% in 2018.Ballast Water Treatment Equipment Breakdown Data by ApplicationBulk VesselsContainer VesselsTanker VesselsBulk Vessels is the greatest segment of Ballast Water Treatment Equipment application, with a share of 52% in 2018.Ballast Water Treatment Equipment Production by RegionNorth AmericaEuropeChinaJapanBallast Water Treatment Equipment Consumption by RegionNorth AmericaUnited StatesCanadaMexicoEuropeGermanyFranceUKItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaIndonesiaThailandMalaysiaPhilippinesVietnamCentral & South AmericaBrazilMiddle East & AfricaTurkeyGCC CountriesEgyptSouth AfricaThe study objectives are:To analyze and research the global Ballast Water Treatment Equipment status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key Ballast Water Treatment Equipment manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.In this study, the years considered to estimate the market size of Ballast Water Treatment Equipment :History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year: 2019–2025This report includes the estimation of market size for value (million USD) and volume (Unit).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of Ballast Water Treatment Equipment market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type, and application, 2018 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Get the Complete Report & TOC @ https://www.grandresearchstore.com/manufacturing-and-construction/global-ballast-water-treatment-equipment-2025-334Table of content1 Study Coverage1.1 Ballast Water Treatment Equipment Product1.2 Key Market Segments in This Study1.3 Key Manufacturers Covered1.4 Market by Type1.4.1 Global Ballast Water Treatment Equipment Market Size Growth Rate by Type1.4.2 Ultra-Violet1.4.3 Electrochemical1.4.4 Others1.5 Market by Application1.5.1 Global Ballast Water Treatment Equipment Market Size Growth Rate by Application1.5.2 Bulk Vessels1.5.3 Container Vessels1.5.4 Tanker Vessels1.6 Study Objectives1.7 Years Considered2 Executive Summary2.1 Global Ballast Water Treatment Equipment Market Size2.1.1 Global Ballast Water Treatment Equipment Revenue 2014–20252.1.2 Global Ballast Water Treatment Equipment Production 2014–20252.2 Ballast Water Treatment Equipment Growth Rate (CAGR) 2019–20252.3 Analysis of Competitive Landscape2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)2.3.2 Key Ballast Water Treatment Equipment Manufacturers2.3.2.1 Ballast Water Treatment Equipment Manufacturing Base Distribution, Headquarters2.3.2.2 Manufacturers Ballast Water Treatment Equipment Product Offered2.3.2.3 Date of Manufacturers Enter into Ballast Water Treatment Equipment Market2.4 Key Trends for Ballast Water Treatment Equipment Markets & ProductsCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
Water treatment is a process that purifies water, turns it into its natural state and makes water suitable for drinking or other applications.
Due to the massive water pollution, nowadays it has become a basic requirement to human being for both residential and commercial usage.
In a published report by Research Report Insights(RRI), it is estimated that the global market for water treatment is likely to witness a robust expansion and a steady CAGR of 7.5% throughout the forecast period, 2027.
Henceforth, the demand and requirement for zero liquid discharge technology is expanding in the market robustly due to its limited discharge of water during purification.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114883/Water-Treatment-MarketGlobal Market for Water Treatment to Expand At a Steady CAGR Of 7.5% through 2027: A RRI StudyKey SegmentationsThe global market for water treatment has four major segments on the basis of different applications, end-uses, systems and regions.
Among all the sub-segments, the industrial segment is estimated to be the largest revenue share segment in the market with an incremental dollar opportunity of approximate US$ 22 billion over the forecast period.
