Ballast Water Treatment Systems (BWTS) Market In-depth
Research Report Offers Growth Prospects, Business Statistics and Emerging
Demands upto 2030
Ballast
Water Treatment Systems (BWTS) Market research report by Delvens
focuses on primary sections such as – market segments, market outlook,
competitive landscape, and company profiles. The segments provide details in
terms of various perspectives such as end-use industry, product or service
type, and any other relevant segmentation as per the market’s current scenario
which includes various aspects to perform further marketing activity, the
global Ballast Water Treatment Systems (BWTS) market size is projected to reach
USD 100 billion by 2026 at a CAGR of 27% from USD 27 billion in 2021 during the
forecast to 2030.
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Ballast water treatment aims to eliminate invasive marine
animals. According to the USDA, ballast water is "one of the principal
routes for the introduction of non-indigenous marine organisms.
When ships discharge ballast water at a new port of call,
they risk introducing alien species ranging from tiny fish to bacteria into the
surrounding water. This can have a number of negative consequences; the
European Maritime Safety Agency attributes invasive marine species to microbial
exposure, decreased habitat quality, and other hazards that might eventually
impair fishing and even protected species in the region.
The United States Coast Guard (USCG) and the International
Maritime Organization (IMO and USCG) require all ships to "undertake
comprehensive actions in order to prevent, reduce, and, if possible, eliminate
the transfer of harmful aquatic organisms and pathogens through the control and
management of ships' ballast water and sediments" to avoid these negative
effects. This includes meeting the requirements of either Ballast Water
Management D-1, which requires any ship performing ballast water exchange to do
so with a 95% efficiency of ballast water, or Ballast Water Management D-2,
which establishes a maximum concentration of microorganisms in discharged
ballast water.
Key Players of Ballast
Water Treatment Systems (BWTS) market:
·
Wartsila Oyj Abp
·
Alfa Laval AB
·
Xylem Inc.
·
Evoqua Water Technologies LLC
·
Calgon Carbon Corporation
·
Mitsubishi Heavy Industries Ltd.
·
Veolia Environment S.A.
·
ATG UV Technology Ltd
·
Headway Technology Co., Ltd.
·
Trojan Marinex Inc. and More
Regional Analysis:
Asia Pacific is expected to be the largest market of
commercial refrigeration equipment during the forecast period. The increasing
population in the region, improving economic conditions, such as rising GDP
& disposable incomes, and a booming consumer appliances sector have led to
growth in the commercial refrigeration equipment in the region.
Recent Developments
In December 2017,
HALCOR METAL WORKS S.A entered into a merger agreement with ELVAL HELLENIC
ALUMINIUM INDUSTRY S.A., in order to combine their companies into one operating
entity, under the name ELVALHALCOR. The merger's purpose is to synergize and
strengthen both their growth prospects in the aluminium market of Europe. This
development will enhance the line set market share of Halvor in the European
region.
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·
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Ballast Water Treatment Systems (BWTS) market so as to understand the trends
and the factors involved behind changing market situations
·
Qualitative and quantitative data utilization to
discover arrays of future growth from the market trends of leaders to market
visionaries and then recognize the significant areas to compete in the future
·
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market by visualizing the historic and forecast year growth patterns
In addition to the
market data for Ballast Water Treatment Systems (BWTS) Market, Delvens offers
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