Ballast Water Treatment Market 2021 Disclosing Latest Advancements - Alfa Laval AB, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation

Global Ballast Water Treatment Market – Growth, Trends, And Forecast (2021 – 2025)

The report presents an in-depth assessment of the Global Ballast Water Treatment including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Ballast Water Treatment investments from 2021 till 2025.

The Ballast Water Treatment Market is expected to grow at a CAGR of 32.7% over the forecast period 2020 to 2025.

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The Global Ballast Water Treatment market is highly competitive and consists of a number of major players. Companies, like Alfa Laval AB, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, Mitsubishi Heavy Industries Ltd., Veolia Environnement S.A., atg UV Technology Ltd, Headway Technology Co., Ltd., Trojan Marinex Inc., Ecochlor, Inc., JFE Engineering Corporation, Optimarin AS, Marenco Technology Group Inc., Hyde Marine, Inc. among others.

Latest news and developments:

January 2020 - Xylem launched a new multi-disciplinary center for water, wastewater, and energy technologies at the company’s regional headquarters in Singapore. The XTHS represents Xylem’s continued investment in sustainable water technologies, and research at the new center will focus on developing breakthrough technologies in water distribution and water and wastewater treatment.

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Key Market Trends:

Tankers by Type to Drive the Market

- The tankers segment is anticipated to observe a notable extension in the BWT market during the forecast period. It allows for easy installation and provides relatively more space. Japan, South Korea, and China account for primary tanker production.

- Tankers are remarkably important in the shipping industry as they serve to transport large amounts of chemicals, petroleum, crude oil, and LNG, among others, across the oceans and seas. The continuously growing crude oil industry is a significant determinant commanding global trade.

- According to UNCTAD, in 2019, less than a quarter of the world's bulk carriers were fitted with ballast water treatment systems. The penetration rate was slightly higher in oil tankers, with about 12% of these vessels treated their ballast water. In contrast to this, only 1% of passenger ships had systems in place for managing their ballast water.

- According to SEALNG, as of 2019, the fleet size of vessels propelled by liquified natural gas (LNG) worldwide was expected to grow across all segments. That year, the tanker segment had 44 operational vessels, with an additional 53 in the order book, over time, boosting the growth of the market.

- Vessel scrubbers are employed to remove nitrogen oxides (NOx), sulfur oxides (SOx), and other air pollutants from exhaust gases generated by engines. According to UNCTAD, in 2019, about 3.71% of container ships in the worldwide fleet were fitted with scrubbing systems.

- The penetration rate of scrubbing systems is expected to increase following the global cap on sulfur emissions coming into force from January 1, 2020, which will consequently fuel the growth of the market.

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The key insights of the Ballast Water Treatment Market report:  
The report provides key statistics on the market status of the Ballast Water Treatment market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Ballast Water Treatment market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2025 market development trends of Ballast Water Treatment Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Ballast Water Treatment Industry before evaluating its feasibility.

Finally, Ballast Water Treatment Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Ballast Water Treatment industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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