Market Analysis Report Ballast Water Treatment Systems Market

Your Catalyst to a Lucrative Business Asia Pacific is expected to witness the fastest growth over the forecast period on account of increase in production and sales of ballast water treatment systems owing to increase in trade of automotive machinery & equipment, cosmetics, food & beverages, building & infrastructure materials, medical & healthcare, and mining equipment. The region has witnessed an increase in ocean freight volumes from various countries such as China, India, and South Korea. The market is expected to grow on account of increasing demand for ballast water treatment systems in containers, ships, dry bulk carriers, tankers, and general cargos. Container ships dominated the global BWTS market in 2016 and are expected to grow at an above average CAGR of 25.2% over the projected period. Increasing trade activities among various regions on account of lower transportation costs, free trade agreements, and globalization is expected to result in augmenting the demand for container ships. Companies are actively looking for new ballast water treatment projects alongside investing in R&D to enhance technology. In July 2015, Wärtsilä won the largest retrofit contract for ballast water management systems. This has been one of the major retrofit contracts so far issued for ballast water management system solutions. Other prominent players in the market such as Xylem Inc., Evoqua Water Technologies LLC, Mitsubishi Heavy Industries, and Alfa Laval AB are investing considerably in the ballast water treatment systems market. Hexa Research has segmented the global ballast water treatment systems (BWTS) market based on technology, type, and region: Segmentation by technology, 2014 - 2025 (USD Million) • Physical Disinfection • Mechanical Method • Chemical Method Segmentation by type, 2014 - 2025 (USD Million) • Container Ships • Dry Bulk Carriers • Tankers • General Cargos Segmentation by region, 2014 - 2025 (USD Million) • North America • U.S. • Europe • UK • Germany • Asia Pacific • China • Japan • Rest of the World Key players analyzed: • Wärtsilä Corporation • Xylem Inc. • Evoqua Water Technologies LLC Follow Us:

Market Analysis Report Ballast Water Treatment Systems Market | Page 2