DUBLIN--(BUSINESS WIRE)--The "Ballast Water Treatment Systems (BWTS) - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Global Ballast Water Treatment Systems (BWTS) market accounted for $38.34 billion in 2019 and is expected to reach $420.52 billion by 2027 growing at a CAGR of 34.9% during the forecast period.
Some of the key factors propelling the market growth include growth in the size of shipping industry trade volume, rising government initiatives in line with the international maritime organization (IMO) regulations, increasing demand to optimize the utilization of resources, growing awareness about the benefits of water treatment and increasing demand for clean drinking water. However, the high cost of physical treatment systems and inclination for mechanical and chemical treatments are limiting the growth of the ballast water treatment systems (BWTS) market.
Ballast Water Treatment Systems (BWTS) is an emerging technology that is designed to eradicate and destroy microorganisms such as algae, bacteria, and zooplankton from ballast water. The purpose of BWTS is to minimize the transfer of non-indigenous harmful pathogens and aquatic organisms from one place to another through the ship's ballast water system. Invasive marine species are a threat to the oceans and their impact to the environment is irreversible. The system consists of ballast water pipes, tanks, pumps, and related valve parts. Ballast water is mainly carried by the ships to maintain stability and seaworthiness, when the ships are not carrying cargo.
Companies Mentioned
- Alfa Laval AB
- ATG UV Technology
- Headway Technology Co., Ltd.
- Trojan Marinex
- GenSys GmbH
- Damen Shipyards Group
- Calgon Carbon Corporation
- Wartsila Corporation
- GEA Group
- Hitachi
- Xylem Inc.
- Evoqua Water Technologies LLC
- Siemens
- Coldharbour Marine Ltd.
- Mitsubishi Heavy Industries Ltd.
- Veolia Environnement S.A.
- Ferrate Treatment Technologies, LLC
- Auramarine Ltd.
What the Report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ballast Water Treatment Systems (BWTS) Market, By Type
5.1 Introduction
5.2 High Ballast Dependent Vessels
5.2.1 Dry Bulk Carriers
5.2.2 Tankers
5.3 Low Ballast Dependent Vessels
5.3.1 Container Ships
5.3.2 General Cargos
5.4 Reefer Ship
5.5 Multi-purpose Vessels
6 Global Ballast Water Treatment Systems (BWTS) Market, By Technology
6.1 Introduction
6.2 Mechanical Method
6.3 Physical Disinfection
6.4 Chemical Method
7 Global Ballast Water Treatment Systems (BWTS) Market, By Tank Capacity
7.1 Introduction
7.2 Greater than 5,000m3
7.3 1,500-5,000m3
7.4 Less than 1,500m3
8 Global Ballast Water Treatment Systems (BWTS) Market, By Service
8.1 Introduction
8.2 Performance Measurement
8.3 Manufacturing, Installation and Calibration
8.4 Recommissioning
9 Global Ballast Water Treatment Systems (BWTS) Market, By Sales Channel
9.1 Introduction
9.2 Aftermarket
9.3 Manufacturer/Distributor/Service Provider
10 Global Ballast Water Treatment Systems (BWTS) Market, By Application
10.1 Introduction
10.2 Portable
10.3 Stationary
10.4 Modify Ship
10.5 New Build Ship
11 Global Ballast Water Treatment Systems (BWTS) Market, By End User
11.1 Introduction
11.2 Military
11.3 Marine
11.4 Residential
11.5 Non-residential
12 Global Ballast Water Treatment Systems (BWTS) Market, By Geography
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/mmj489
