The ballast water treatment market is projected to grow at a CAGR of 26.19% to reach US$73.048 billion by 2024, from US$18.093 billion in 2018. Rising healthcare concerns in the marine industry coupled with the high volume of seaborne trades are the major factors driving the demand for ballast water treatment solutions. Increasing awareness regarding its advantages and more vendors entering the market will further add to the growing demand for these water treatment systems over the forecast period.
The Ballast Water Treatment Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by technology, service, ship type, and geography.
The ballast water treatment market has been segmented based on technology, service, ship type, and geography. By technology, the market has been segmented on the basis of physical disinfection, mechanical method, and chemical method. By service, the market has been segmented as recommissioning, performance measurement and, installation and calibration. By ship type, the market has been segmented as container ships, tankers, dry bulk carriers, general cargo, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the ballast water treatment market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the ballast water treatment market.
The ballast water treatment market has been analyzed through the following segments: