Global Ballast water treatmentMarket to reach USD 577.2billion by 2027.
Global Ballast water treatment Market is valued approximately USD 63.1billion in 2020 and is anticipated to grow with a healthy growth rate of more than 37.19% over the forecast period 2021-2027. Ballast water maintains the ships' strength and control. The ballast water treatment system was created with the help of many technologies in order to reduce contamination of the marine ecology. The purification and sanitation of ballast water is accomplished with this technology. The growing emphasis on protecting the marine ecology from contaminants and other dangerous species is pushing the development of ballast water treatment systems. Another element driving the market growth is the USCG and IMO's tight regulations requiring its use. The need to reduce ship instability and anomalous movement as the volume of seaborne trade grows, as well as a growing focus on protecting the marine ecology from pollution, are driving the ballast water treatment industry forward. The International Maritime Organization (IMO) had also put in place the 'International Convention for Control and Management of Ships' Bilge Water and Sediments' to limit ballast groundwater recharge and decrease the possibility of non-native organisms being introduced into the environment. As a result, government officials' increased focus on protecting the marine environment by regulating ballast water outflow which is expected to boost the worldwide ballast water treatment market over forecast timeframes. However, ballast water treatment profitability is hampered by the storage of by-products formed after ballast water purification, which results in a toxic environment due to pollution. Ballast water treatment market share is also hampered by a shortage of experienced labor for its sophisticated functioning. Also, the progress of decontamination technology, as well as the optimization of resource use and vessel operation ease, have opened up new avenues for the ballast water treatment business.

Due to the existence of a high number of container terminals for the commerce of motor vehicles, lubricants and chemicals, electrical equipment, and devices in the region, Asia Pacific held a significant proportion of the worldwide ballast water treatment market in 2018. Trading takes place aboard a variety of boats, including containers, refineries, and other freighters.Ballast water treatment systems are now required by the International Maritime Organization (IMO). Mostly during forecast timeframe, this factor is expected to boost the ballast water treatment market growth in the region.Asia Pacific is the most popular region in terms of market value, followed by North America. Ballast water treatment is on the rise in North Americaowing to supportive regulations and a growing focus on environmental preservation.

Major market player included in this report are:
Wartsila Corporation
Xylem Inc.
Evoqua Water Technologies LLC
Calgon Carbon Corporation
Ecochlor, Inc.
Veolia Environment S.A.
Alfa Laval AB
Trojan Marinex
Mitsubishi Heavy Industries, Ltd.
atg UV Technology

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByTechnology:
Physical disinfection
Mechanical method
Chemical method
ByCapacity:
Less than 1,500 m3
1,500-5,000 m3
More than 5,000 m3
By Service:
Installation and calibration
Performance measurement
Recommissioning

By Ship type:
Containers ships
Dry bulk carriers
Tankers
General cargo
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Ballast water treatment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors