Ballast Water Treatment Systems (BWTS) Market Analysis and Forecast, 2014 to 2025

The global ballast water treatment systems (BWTS) market size was valued at USD 14.23 billion in 2016. IMO standards which require ballast water treatment systems based on various chemical and physical methods to be fitted on the vessels.

(firmenpresse) - 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.

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, Wndustries, 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)




Segmentation by type, 2014 - 2025 (USD Million)





Segmentation by region, 2014 - 2025 (USD Million)










Key players analyzed:

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Leseranfragen:
PresseKontakt / Agentur:
Bereitgestellt von Benutzer: HexaResearch
Datum: 27.06.2018 - 06:40 Uhr
Sprache: Deutsch
News-ID 1537803
Anzahl Zeichen: 5522

contact information:
Contact person: Ryan Shaw
Town:

Felton

Phone: +1-800-489-3075

Kategorie:

Manufacturing & Production

Typ of Press Release: Finanzinformation
type of sending: Veröffentlichung
Date of sending: 27.06.2018
Anmerkungen:


Diese Pressemitteilung wurde bisher 362 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Ballast Water Treatment Systems (BWTS) Market Analysis and Forecast, 2014 to 2025
"
steht unter der journalistisch-redaktionellen Verantwortung von

Hexa Research (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alle Meldungen von Hexa Research