Energy & Environment Industry Today

Ballast Water Management Market to Grow at a CAGR of 31.43% to 2021 with Business Collaborations to Streamline Operations

Ballast Water Management Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Published 14 March 2018

Marine vessels take seawater onboard for stability; this water has a distinct marine environment signature with indigenous aquatic microbes and marine life. This ballast water, if released untreated at the vessel's new destination, may disrupt the local ecosystem. Ballast water management aims at reducing the harmful effects of ballast water disposal. The International Maritime Organization (IMO) adopted a convention for the control, management, and sedimentation of ballast water on February 2004.

Publisher's analysts forecast the global ballast water management market to grow at a CAGR of 31.43%

during the period 2017-2021.

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The rising demand for petroleum products is spurring oil exploration and production to discover more hydrocarbon reservoirs. Facilitated by improvements in drilling technology, floating production, and dynamic positioning equipment, and drilling units, several companies are conducting deepwater and ultra-deepwater oil and gas exploration activities. Additionally, few companies are also increasingly focusing on exploring their existing offshore reserves and shallow waters due to limited investments. This market research report identifies this rise in offshore oil and gas exploration as one of the primary growth factors for this market.

Key vendors
- GEA Group
- Hitachi
- Veolia Water Technologies
- Wärtsilä

Other prominent vendors
- atg UV Technology
- Azienda Chimica Genovese
- Calgon Carbon Corporation
- Ecochlor
- Evoqua Water Technologies
- Headway Technology and Services
- Hyde Marine

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Market driver
- Growing popularity of leisure cruising

Market challenge
- High cost of implementation

Market trend
- Business collaborations to streamline operations

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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