Ballast Water Treatment Systems (BWTS) Market - Trends Forecast Till 2028

Ballast Water Treatment Systems (BWTS) Market, by Tank Capacity (less than 1500 m3, between 1500 – 5000 m3, greater than 5000m3), Treatment (Chemical Treatment, Physical Treatment), Application (Stationary, Portable) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-SE-BWTSM-431

Format:  

Number of Pages: 259

Domain: Semiconductors & Electronics

Ballast Water Treatment Systems (BWTS) Market – Trends Forecast Till 2028

The global Ballast Water Treatment Systems (BWTS) market size is projected to reach USD 100 billion by 2026 at a CAGR of 27% from USD 27 billion in 2021 during the forecast period 2021-2028.

Ballast Water Treatment Systems (BWTS) is a water treatment system primarily designed to remove and kill the present active biological organism from the water. This is an ever-evolving technology as the water from the surrounding vary so varies the technology used to purify it. There are two major standards for blast water discharge namely D1 and D2.

With the surge in demand for fuel transported through sea route along with the recent regulations of IMO are some of the factors that have supported long-term expansion for Ballast Water Treatment Systems (BWTS) Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. The market for BWTS witnessed a negative growth during the pandemic phase due to the poor supply chain and halts on transportation.

Ballast Water Treatment Systems (BWTS) Market Analysis

Asia Pacific is expected to be the largest market of commercial refrigeration equipment during the forecast period. The increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the region.

Ballast Water Treatment Systems (BWTS) Market is segmented into treatment, tank capacity, application and geography.

On the basis of Treatment

  • Chemical Treatment
  • Physical Treatment

On the basis of Tank Capacity

  • Less than 1500 m3
  • 1500 to 5000 m3
  • Greater than 5000 m3

On the basis of Application

  • Stationary
  • Portable

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Ballast Water Treatment Systems (BWTS) Market Primary Respondent

 

Key Players

  • Wartsila Oyj Abp
  • Alfa Laval AB
  • Xylem Inc.
  • Evoqua Water Technologies LLC
  • Calgon Carbon Corporation
  • Mitsubishi Heavy Industries Ltd.
  • Veolia Environment S.A.
  • ATG UV Technology Ltd
  • Headway Technology Co., Ltd.
  • Trojan Marinex Inc.

Recent Developments

  • In December 2017, HALCOR METAL WORKS S.A entered into a merger agreement with ELVAL HELLENIC ALUMINIUM INDUSTRY S.A., in order to combine their companies into one operating entity, under the name ELVALHALCOR. The merger's purpose is to synergize and strengthen both their growth prospects in the aluminium market of Europe. This development will enhance the line set market share of Halvor in the European region.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Ballast Water Treatment Systems (BWTS) market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 27 billion

Growth Rate

CAGR of 27% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

treatment, tank capacity, application and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Wartsila Oyj Abp, Alfa Laval AB, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, Mitsubishi Heavy Industries Ltd., Veolia Environment S.A., ATG UV Technology Ltd, Headway Technology Co., Ltd., Trojan Marinex Inc.

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