The global ballast water treatment system market size estimated to be valued USD 15.3 Bn in 2021 and poised to grow at significant 35.3% CAGR over 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Ballast Water Treatment System Market: By Service Type (Installation and Calibration, Recommissioning, Performance Measurement), By Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos, Others), By Technology (Physical Disinfection, Mechanical Method, Chemical Method) and Geography- Global/Region/Country Forecast to 2028”.

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Increase in Marine Trade is anticipated to fuel the Global Ballast Water Treatment System Market

The global ballast water treatment system market focuses on covering market dynamics, market size and market share of major regions.  It also covers key advancements and market constraints. Installation of ballast water treatment system can prevent the spread of potentially damaging aquatic pathogens as well as other organism s in the ballast water. Furthermore, loading as well as unloading of untreated water is one of the major dangers for the environment and public health. Strict rules from the International Maritime Organization are one of the foremost factors fuelling the market growth over the evaluation time span. However, the rules are not only assigned for the ship owners but also for the ballast water treatment system offers since such systems need to be approved by IMO.

A few of the major factors enhancing the growth of market are strict rules to mandate the ballast water treatment systems installation and increasing marine trade are projected to drive the market over the evaluation period. Furthermore, emerging healthcare concerns in the shipping industry and growing number of ships across the globe are reinforcing the ballast water treatment system market over the prediction period. This market is surging due to the collaborations, frequent acquisitions and partnerships by the key players. For example, an agreement was signed by ALFA LAVAL with Europe-based shipping company, TORM in September 2018 to fit the ballast water treatment system by Alfa Laval around the 36 existing product tankers in its fleet.

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Regional Analysis - Global Ballast Water Treatment System Market

Asia Pacific witnessed major revenue share in the global ballast water treatment system market with significant CAGR rate. There are a few factors that fuel the market growth in this region such as growing marine trading of commodities, automotive and other goods, increase in focus on marine conservation and increasing sales of ballast water treatment systems. North America and Europe ballast water treatment market are also growing significantly and has profitable opportunities over the evaluation time span.

Competitive Analysis - Global Ballast Water Treatment System Market

A few of the major players operating in the global ballast water treatment system market are Wärtsilä Corporation (Finland), Evoqua Water Technologies LLC (U.S.), Ecochlor, Inc. (U.S.), Veolia Environnement S.A. (France) and Alfa Laval AB (Sweden). Key players of this market aim at strengthening their presence in the market by adopting strategies.

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