Ballast Water Treatment Systems (BWTS) market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
The global Ballast Water Treatment Systems (BWTS) market size is projected to reach USD 100 billion by 2026 at a CAGR of 27% from USD 27 billion in 2021 during the forecast to 2028.
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Ballast water treatment aims to eliminate invasive marine animals. According to the USDA, ballast water is "one of the principal routes for the introduction of non-indigenous marine organisms."
When ships discharge ballast water at a new port of call, they risk introducing alien species ranging from tiny fish to bacteria into the surrounding water. This can have a number of negative consequences; the European Maritime Safety Agency attributes invasive marine species to microbial exposure, decreased habitat quality, and other hazards that might eventually impair fishing and even protected species in the region.
The United States Coast Guard (USCG) and the International Maritime Organization (IMO and USCG) require all ships to "undertake comprehensive actions in order to prevent, reduce, and, if possible, eliminate the transfer of harmful aquatic organisms and pathogens through the control and management of ships' ballast water and sediments" to avoid these negative effects. This includes meeting the requirements of either Ballast Water Management D-1, which requires any ship performing ballast water exchange to do so with a 95% efficiency of ballast water, or Ballast Water Management D-2, which establishes a maximum concentration of microorganisms in discharged ballast water.
Regional Analysis of Ballast Water Treatment Systems (BWTS) market:
Asia Pacific is expected to be the largest market of commercial refrigeration equipment during the forecast period. The increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the region.
Key Players
· Wartsila Oyj Abp
· Alfa Laval AB
· Xylem Inc.
· Evoqua Water Technologies LLC
· Calgon Carbon Corporation
· Mitsubishi Heavy Industries Ltd.
· Veolia Environment S.A.
· ATG UV Technology Ltd
· Headway Technology Co., Ltd.
· Trojan Marinex Inc. and More
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· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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