The ballast water treatment market size is expected to see exponential growth in the next few years. It will grow to $505.26 billion in 2028 at a compound annual growth rate (CAGR) of 42.7%. The growth in the forecast period can be attributed to growing global shipping fleet, market competitiveness, government incentives, public pressure and activism, focus on green shipping.. Major trends in the forecast period include advancements in treatment technologies, retrofit installations and newbuilds, increased scrutiny on system performance, research and development for next-generation systems, increased awareness of invasive species impact, focus on cost-effective solutions, monitoring and reporting technologies..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/ballast-water-treatment-global-market-report
Segmentation & Regional Insights
The ballast water treatment market covered in this report is segmented –
1) By Technology: Physical Disinfection, Mechanical Method, Chemical Method
2) By Capacity: Less Than 1,500 m3, 1,500–5,000 m3, More Than 5,000 m3
3) By Service: Installation And Calibration, Performance Measurement, Recommissioning
4) By Ship Type: Container Ships, Dry Bulk Carriers, Tankers, General Cargos, Other Ship Types
Asia-Pacific was the largest region in the ballast water treatment market share in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ballast water treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8060&type=smp
Major Driver Impacting Market Growth
An increase in focus on conserving marine ecosystems from pollutants is driving the growth of the ballast water treatment market. Marine ecosystems are aquatic settings with high dissolved salt levels. These include the open ocean, the deep sea, and coastal marine habitats, each with its own set of physical and biological characteristics. Pollution affects many sectors and is inextricably linked to the other planetary issues of climate change and biodiversity loss. Combating marine pollution is a worldwide concern that requires a global response if it is to be minimized. For instance, according to the United Nations Environment Programme (UNEP), in June 2022, the amount of marine litter and plastic debris is quickly increasing. Without serious action, plastic emissions into aquatic environments are expected to nearly quadruple by 2040. Thousands of people entered Altice Arena in Lisbon, Portugal, for the United Nations Ocean Conference. Taking advantage of the event’s worldwide momentum, experts are advocating for a new international commitment to battle pollution, including at sea. Therefore, an increase in focus on conserving marine ecosystems from pollutants is expected to propel the growth of the ballast water treatment market.
Key Industry Players
Major companies operating in the ballast water treatment market report are Wärtsilä Corporation, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, Ecochlor Inc, Alfa Laval AB, GEA Group AG, Hitachi Ltd., Veolia Water Technologies, Norwegian Greentech AS, ERMA FIRST ESK Engineering Solutions S.A., Industrie De Nora S.p.A., Atlantium Technologies Ltd., BIO-UV Group, DESMI A/S, Headway Technology Group Co. Ltd., JFE Engineering Corporation, Mitsubishi Heavy Industries Ltd., PANASIA CO. LTD, BioMicrobics Inc., Wuxi Brightsky Electronic Co. Ltd., Hyde Marine Inc., TECO Technologies Inc., D2 Marine Solutions, Boll Filter Corporation, Aquarius Marine Coatings Ltd., Cathelco Ltd., Coldharbour Marine Ltd., Damen Green Solutions, Filtertechnik Jäger GmbH, Hatenboer-Water BV, Headway Technology Group Co. Ltd.
The ballast water treatment market report table of contents includes:
1. Executive Summary
2. Ballast Water Treatment Market Characteristics
3. Ballast Water Treatment Market Trends And Strategies
4. Ballast Water Treatment Market – Macro Economic Scenario
5. Global Ballast Water Treatment Market Size and Growth
………………..
31. Global Ballast Water Treatment Market Competitive Benchmarking
32. Global Ballast Water Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ballast Water Treatment Market
34. Ballast Water Treatment Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
https://goodprnews.com/vegan-cosmetics-global-market-size/
https://goodprnews.com/virtual-data-room-global-market-size/
https://goodprnews.com/web-real-time-communication-global-market-size/
https://topprnews.com/vegan-cosmetics-global-market-share/
https://topprnews.com/virtual-data-room-global-market-share/
https://topprnews.com/web-real-time-communication-global-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
