Sunday, February 5, 2023

Ballast Water Management Market Size, Share, Price, Trends, Growth, Analysis, Report, Forecast 2021-2026

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The new report by Expert Market Research titled, ‘Global Ballast Water Management Market Size, Share, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global ballast water management market, assessing the market based on its segments like technology and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ballast-water-management-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 7%
  • Forecast Market Size (2026): USD 3.4 billion

The market for ballast water management has seen substantial growth due to factors such as the technological advances in the installation procedure of ballast water management systems on ships. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the ballast water management market. The growing popularity of containerized ballast water management systems is propelling the market forward. Physical disinfection technology is expected to have the largest market share in the future due to rising demand for ballast water management systems, which has resulted in advancements in physical disinfection systems. As a result of increased initiatives to use this system in the region, Asia-Pacific is the emerging market.

Industry Definition and Major Segments

Ballast water is stored in ships to ensure structural integrity and stability, but its discharge into a non-native environment could be toxic and have negative consequences. Ballast water management involves executing mechanical, physical, and chemical techniques separately or in combination to prevent aquatic organisms and pathogens from one location from entering the maritime environment of another.

Based on the technology, the industry is divided into:

  • Physical Disinfection
  • Chemical Method
  • Mechanical Method

The regional markets for ballast water management include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Geographically, during the forecast period, APAC is expected to hold the highest share of the ballast water management market. The APAC region’s market expansion is aided by the presence of a large number of ports and harbours for the commerce of oil and chemicals, automotive components, electronic components, and devices, among other things. With increased ocean freight volumes from several nations such as China, India, and South Korea to other areas of the world, this region remains a significant growth market for Ballast Water management. Growth in ocean freight is likely to result in higher adoption of the Marine Environmental Protection programme in the next years, which will drive market expansion.

Key Market Players

The major players in the market are Alfa Laval, Headway Technology Group (Qingdao) Co. Ltd., Panasia Co. Ltd., Samsung Heavy Industries Co. Ltd., Wärtsilä Corp. s, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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