Press release
Ballast Water Treatment Market - Industry 2022 to grow at a CAGR of 37.19%
Ballast Water Treatment
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The ballast water treatment (BWT) market was valued at USD 14.29 Billion in 2016 and is expected to reach USD 118.77 Billion by 2022, at a CAGR of 37.19% during the forecast period. The growth of this market is propelled by the increasing government rules and regulations for the installation of BWT systems in the ships.
The report covers the BWT market on the basis of technology, capacity, service, ship type, and geography. The BWT market is expected to be led by the tankers segment during the forecast period. The growth of this market is propelled by the high demand for BWT for improving the operations, optimizing resource utilization, and increasing the profitability in the medicine manufacturing firms.
The physical disinfection technology used for the treatment of ballast water has dominated the BWT market in terms of market size. Physical disinfection helps in removing or deactivating the microorganisms from the ballast water without adding any toxic substance to it. Also, the methods used in physical disinfection allow easy installation, operation, and maintenance. This method is extensively implemented across the globe to treat ballast water, and it is most effective against a wide range of organisms, such as marine worm larvae, juvenile barnacles, juvenile bivalves, flatworms, and diatoms. Physical disinfection also offers considerable advantages such as ease of operation and high level of efficiency.
Target Audience:
• Ballast water treatment service providers
• Manufacturing companies
• Research organizations
• Ballast water treatment-related associations, organizations, forums, and alliances
• Distributors, resellers, and traders
• Government bodies such as regulatory authorities and policymakers
• Venture capitalists, private equity firms, and start-up companies
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Key points from table of content:
Company Profiles :
(Overview, Products & Services, Strategies & Insights, Developments)*
• Wrtsil Corporation
• Calgon Carbon Corporation
• Alfa Laval AB
• Xylem Inc.
• Evoqua Water Technologies LLC
• Veolia Environnement S.A.
• Mitsubishi Heavy Industries, Ltd.
• Ecochlor, Inc.
• ATG UV Technology Ltd
• Qingdao Headway Technology Co., Ltd.
• Jfe Engineering Corporation
• Optimarin as
• Trojan Marinex
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