Ballast Water Treatment System Market Size to Exceed $72.22 Billion By 2032

Major companies in ballast water treatment system market are Mitsubishi Heavy Industries, Wartsila Corp., Xylem Inc., Calgon carbon Corp., Evoqua Water Technologies LLC, Marenco Technology Grp Inc. and NEI Treatment Systems amongst others. These players are set to bolster the development of global ballast water treatment system market.

Zion Market Research has published a report on the global Ballast Water Treatment System Market, estimating its value at USD 26.98 Billion in 2023, with projections indicating that it will reach USD 72.22 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 11.56% over the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Ballast Water Treatment System Market by Technology (Physical Disinfection, Mechanical Method and Chemical Method), By Capacity (<1500 cubic meters, 1500–5000 cubic meters, >5000 cubic meters), by Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.”

Need to reduce ship instability and growing focus on protecting the marine ecology from pollution To Spur Growth

“The need to reduce ship instability and anomalous movement as the amount of seaborne trade grows, as well as a growing focus on protecting the marine ecology from pollution will garner the growth for ballast water treatment system market in the years ahead,” says the author of this study. Due to inadvertent transmission of harmful pathogens and marine organisms, allowed ocean dumping, and oil and chemical accidents, ballast water treatment has become a requirement for efficient maritime operations. The worldwide ballast water treatment market is expected to be driven by government authorities' increased attention on protecting the maritime environment by regulating ballast water discharge.

The worldwide ballast water treatment industry is predicted to grow as the volume of seaborne trade increases. The worldwide ballast water treatment market is also being driven by the growing trade volume of the worldwide maritime sector and expanding government efforts in accordance with IMO regulations.

Ballast-Water-Treatment-System-Market

With the presence of a large pool of participants, the ballast water treatment system market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Mitsubishi Heavy Industries, Wartsila Corp., Xylem Inc., Calgon carbon Corp., Evoqua Water Technologies LLC, Marenco Technology Grp Inc. and NEI Treatment Systems amongst others are some of the key manufacturers of ballast water treatment system across the world.

These players across ballast water treatment system market are adopting strategic trade partnerships between major players in the ballast water treatment system market have emerged, bolstering the market for ballast water management technology and its widespread use. In addition to this, major players are adopting the new product launches to flourish in the market..

BIO-SEA Easy-to-Fit was released in September 2019 by BIO-UV Group, a French Ballast Water Treatment Specialist, to fulfill demand for retrofit installation aboard vessels with limited engine room space. This system could be readily installed through existing hatches and doors without the need to cut access holes in the vessels.

Increased Demand and Large number of ports and harbours to Support Asia Pacific Growth

Regionally, Asia Pacific has been one of leading the worldwide ballast water treatment system market and is anticipated to continue to grow in the years to come, states the ballast water treatment system study. This surge is due to the existence of a large number of ports and harbours for the commerce of oil and chemicals, automotive components, electronic components, and devices, among other products.

With increased maritime freight volumes from several nations such as China, India, and South Korea to other areas of the world, this area remains a significant growth market for Ballast Water Treatment. Growth in maritime freight is expected to result in greater adoption of the Marine Environmental Protection program in the next years, which will spur market expansion.

Browse the full “Ballast Water Treatment System Market by Technology (Physical Disinfection, Mechanical Method and Chemical Method), By Capacity (<1500 cubic meters, 1500–5000 cubic meters, >5000 cubic meters), by Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2032.” Report at https://www.zionmarketresearch.com/report/ballast-water-treatment-system-market

The ballast water treatment system market is segmented as follows:

By Technology

• Physical Disinfection,
• Mechanical Method
• Chemical Method

By Capacity

• <1500 cubic meters
• 1500–5000 cubic meters
• >5000 cubic meters

By Ship Type

• Container Ships
• Dry Bulk Carriers
• Tankers
• General Cargos
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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