Ballast Water Management - Global Market Outlook 2017-2026 - | Financial Buzz

Ballast Water Management – Global Market Outlook 2017-2026 –

The “Ballast
Water Management – Global Market Outlook (2017-2026)” report
has been added to’s offering.

Global Ballast Water Management market is expected to grow from $19.35
billion in 2017 to reach $395.65 billion by 2026 with a CAGR of 39.8%.

Factors such as government initiatives to ward marine environmental
protection, increasing demand for petroleum products, developing
healthcare concerns in shipping sector are fueling the market growth.
However, continuous changes in government’s rules and regulations and
high costs are hindering the growth of the market.

Ballast water has been an essential component of the ship’s constancy.
Ballast water is pumped in to maintain safe operating conditions
throughout a voyage. It is important for safe and efficient modern
shipping operations, it may create serious environmental, economic and
health issues. By Ship Type, a container ship is a type of cargo-ship.
It has revolutionised the manner in which cargo supplies are ferried and
transported across the globe, by providing assurance of safety and

Asia Pacific is anticipated to account for the biggest market share due
the presence of many emerging countries such as Japan, China, South
Korea, and Singapore in the field of ballast water treatment systems.
Additionally, factors such as the decommissioning of aging vessels also
contribute to the growth of the ballast water management market in this

Some of the key players in Ballast Water Management market include

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