Global Ballast Water Treatment System Market Expected To Reach 92 Billion USD By 2022

Date: 2018-04-08

Ballast water discharges by ships can have a negative impact on the marine environment. Ballast water discharge typically contains a variety of biological materials, including plants, animals, viruses, and bacteria. These materials often include non-native, nuisance, invasive, exotic species that can cause extensive ecological and economic damage to aquatic ecosystems along with serious human health problems. Ballast water treatment systems refer to the equipment which is used to process ballast water.

With Ballast Water Management Convention, the ships are require to install the Ballast Water Management Treatment System, the growing awareness about the aquatic ecosystems healthy around the world are the major factors fueling the growth for Ballast water Treatment System around the world, according to the research, the Global Ballast water Treatment System market is expected to grow at 8.7% CAGR during 2018-2022, and hit 92 billion USD by 2022.

In terms of geography, the Asia Pacific is expecting to grow at the highest CAGR over the forecast period in owing to an increase in ocean freight volumes from various countries such as China, India, and South Korea., the largest contribution region in Asia Pacific are like China, India, China is expected to be the largest demand for the Ballast water Treatment System for the forecast period as they are going to retain the largest ocean freight volumes in next years.

Base on components for Ballast Water Treatment System, the Ballast Water Treatment System basically needs the containers, dry bulk carriers, tankers, and general cargos. Container ships dominated the global Ballast Water Treatment System market in 2017 and are expected to grow at a CAGR of 21% over the forecast period.

Global top manufacturers operating in Ballast water Treatment System market are Wärtsilä Corporation, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, Mitsubishi Heavy Industries, Veolia Environnement S.A., UV Technology, Alfa Laval AB, Headway Technology Co., Ltd., Trojan Marinex among others.

Global Ballast water Treatment System market share by region as following:

Read Full Report: http://www.gosreports.com/global-ballast-water-treatment-systems-market-report-and-forecast-to-2022/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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