Premium Market Insights has announced the addition of the “Ballast Water Management Market” The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
According to Publisher, the Global Ballast Water Management market is expected to grow from $19.35 billion in 2017 to reach $395.65 billion by 2026 with a CAGR of 39.8%. Factors such as government initiatives toward marine environmental protection, increasing demand for petroleum products, developing healthcare concerns in shipping sector are fueling the market growth. However, continuously changes in government rules and regulations and high costs associated are hindering the growth of the market.
Ballast water has been an essential component of the ship’s constancy. Ballast water is pumped in to maintain safe operating conditions throughout a voyage. It is an important for safe and efficient modern shipping operations, it may create serious environmental, economic and health issues attribute to the multitude of marine species carried in ships’ ballast water. By Ship Type, container ship is a type of cargo ship. It have revolutionised the manner in which cargo supplies are ferried and transported across the global, by providing assurance of safety and security of the thus transported cargo supplies.
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Asia Pacific is anticipated to account for the biggest market share due to the presence of many emerging countries such as Japan, China, South Korea, and Singapore in the field of ballast water treatment systems. Additionally, factors such as the decommissioning of aging vessels, also contribute to the growth of the ballast water management market in this region.
Some of the key players in Ballast Water Management market include Alfa Laval AB, Calgon Carbon Corporation, Evoqua Water Technologies LLC, Mitsubishi Heavy Industries, Ltd., Xylem Inc., W?rtsil? Corporation, ATG UV Technology Ltd, Ecochlor, Inc., Veolia Environnement S.A., Qingdao Headway Technology Co., Ltd., Ballast Water Containers Ltd, Damen Shipyards Group, Jfe Engineering Corporation, Biolargo Maritime Solutions, Inc., Optimarin AS and Trojan Marinex.
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Table of Content:
1.1 Scope of Study
2 Key Takeaways
3 Ballast Water Management Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
4 Ballast Water Management Market – Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Ballast Water Management Market Analysis- Global
5.1 Global Ballast Water Management Market Overview
5.2 Global Ballast Water Management Market Forecasts and Analysis
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions Ballast Water Management Market
Name: Sameer Joshi
Email: [email protected]
Organization: Premium Market Insights
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