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NEW YORK, July 8, 2022 /PRNewswire/ — The Ballast Water Management Market is segmented into two categories based on the technology (physical disinfection, chemical method, and mechanical method) and geography (APAC, Europe, North AmericaMEA, and South America). The market share is expected to increase by USD 3.21 billionand the market’s growth momentum will accelerate at a CAGR of 4.73%.
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The negative effects of untreated ballast water on the maritime environment are one of the major drivers boosting the ballast water management market. The seawater that ships take onboard and store in their ballast tanks to help them maintain stability and balance when loading and unloading are known as ballast water. As the ship sets out on its journey , ballast water is absorbed from the coastal waters and corrected as the cargo is loaded and discharged. Technology advancements are a major driver fueling the ballast water management market’s expansion. Click here for a sample now!
Backed with competitive intelligence and benchmarking, our research reports on the Ballast Water Management Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
- Alfa Laval AB
- Ecochlor Inc.
- Evoqua Water Technologies LLC
- GEA Group Aktiengesellschaft
- Headway Technology Group (Qingdao) Co. Ltd.
- PANASIA Co. Ltd.
- Samsung Heavy Industries Co. Ltd.
- VEOLIA ENVIRONNEMENT SA
- Wartsila Corp.
- Xylem Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Latest Sample Report.
During the anticipated time, physical disinfection will contribute significantly to the market share growth of ballast water management. This section discusses various methods for managing ballast water, including as UV light, ultrasound, heat, deoxygenation, coagulation, cavitation, and pressure- or vacuum -based systems. Vendors are creating cutting-edge technical methods to address the inadequacies of current systems, such as light cleaning.
View Sample Report: for highlights and key points on various market segments and their impact in coming years.
APAC will account for 45% of market growth. The main markets in APAC for ballast water control are Singapore, Chinaand the Marshall Islands. The market in this region will grow more slowly than the markets in the MEA regions. Due to the shipowners’ efforts to bring their boats into compliance with the BWM Convention requirements, there has been an increase in the demand for ballast water management systems in the area.
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