Market Analysis Report Ballast Water Treatment Systems Market

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Ballast Water Treatment Systems Market Share, Size,Growth, Key
Players, Outlook and Forecasts to 2025 | Hexa Research
“ The global ballast water treatment systems (BWTS) market is expected to
reach USD 117.55 billion by 2025”
03 January 2019
The global ballast water treatment systems (BWTS) market is expected to reach USD 117.55 billion by 2025,
driven by growth in the size of shipping industry trade volume and rising government initiatives in line with
the International Maritime Organization (IMO) regulations. Furthermore, the ballast water treatment systems
market is expected to be growing as BWTS is effective in regulating unauthorized ocean dumping, oil &
chemical spills, and the introduction of aquatic invasive species.
North America dominated the global market in 2016, and the trend is likely to continue over the next few
years due to supporting regulations coupled with rising focus on environmental safety conservation. Asia -
Pacific and Europe followed suit, with a consolidated contribution of USD 59.48 billion by 2025.
The implementation by IMO for strict water quality standards has set an obligation for ocean freight service
providers. Since vessels have not been planned and fortified to treat ballast water, setting up of a ballast
water management system is essential to ensure conformity with the standards.
Browse Details of Report @ https://www.hexaresearch.com/research-report/ballast-water-treatment-systems-
bwts-market
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