According to Fact.MR, the emergence of low-cost, environmentally friendly ballast water treatment devices is creating new market potential and prospects. Environmental concerns are projected to drive the adoption of environmentally friendly solutions around the world. The protection of the marine ecology is becoming increasingly important as pollution levels rise in a variety of ways around the world. As a result, systems that can protect the marine ecology from hazardous bacteria and pollutants are projected to be the most in demand, propelling the global Stationary Ballast Water Treatment Systems market forward.
Furthermore, governments and regulatory agencies all over the world are enacting laws and regulations to promote environmental safety and sustainability. The International Maritime Organization (IMO), for example, has published standards for owners and manufacturers of water treatment systems to follow in order to ensure that the environment is not harmed. Furthermore, manufacturers are developing breakthrough technologies to provide equipment with compact designs that conserve space while maintaining safety. Companies are also creating filter-less systems that function without the use of generators, making them both cost-effective and environmentally friendly.
Stationary Ballast Water Treatment Systems Market: Key Takeaways
- By the end of 2030, the global market for ballast water treatment systems is estimated to be worth approximately $9 billion.
- Physical treatment systems are predicted to develop dramatically over the next decade, despite chemical treatment systems leading the market.
- The BWTS market is now dominated by North America and Europe. During the projection period, Asia Pacific is expected to be the most lucrative BWTS market.
- In the near future, ballast water treatment systems with tanks ranging from 1500 to 5000 m3 are projected to be in high demand.
- The market is being driven by demand for environmentally friendly water treatment systems, which is expected to continue to expand in the foreseeable future.
- The COVID-19 epidemic has had a negative impact on international trade and transportation, resulting in lower demand for ballast water treatment equipment.
“As time goes by, ecofriendly ballast water treatment technologies that do not hurt the environment will gain in popularity,” says a Fact.MR analyst.
Ballast Water Treatment Systems Market Overview
Ballast water treatment systems filter and disinfect ballast water to maintain the marine ecosystem’s balance. To avoid damaging sea water, ballast water treatment systems employ a variety of technologies.
The global ballast water treatment systems market is growing due to a growing focus on maintaining and protecting marine life and ecosystems. If not handled appropriately, ballast water loading and unloading can pose a threat to the environment and public health, with organisms being moved from one habitat to another.
The International Marine Organization (IMO) has established severe controls to prevent alien harmful species such as infections and other creatures from causing harm to saltwater.
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