Asian Ballast Water Treatment Markets Grow

MarineLink.com
Tuesday, June 11, 2013

The Asian ballast water treatment systems market is highly lucrative and is expected to show tremendous growth over the next 6-7 years, according to Verify Markets (VM). Though still in the developmental stage, due to the pending IMO regulations, the market is expected to grow exponentially.

The Asian Ballast water treatment systems market was estimated to be over $150 million in 2012 and is expected to show a double digit growth rate over the next few years. The key market drivers include IMO's strict global standards for ballast water management, increase in demand from ship builders and technology advancements. The key market restraints include slow ratification of IMO's ballast water convention, short span of the market and high investment costs.

VM’s study covers countries in Asia. The key countries include South Korea, Japan, China, Singapore and Hong Kong.

The key participants in the Asian ballast water treatment systems market include Techcross Inc., Alfa Laval, Hyundai Heavy Industries Co. Ltd, Panasia Co Ltd, Hitachi Plant Technologies Ltd, China Ocean Shipping Company, and Mitsui Engineering and Shipbuilding Co Ltd. The Asian market for ballast water treatment systems has tremendous potential. China, South Korea and Japan remain at the forefront of the international shipbuilding industry.

The study captures market size estimates for the Asian ballast water treatment systems market. It provides market drivers, restraints, end user trends, market share analysis, distribution trends and quotes captured by key industry participants during the research process. The base year of the study is 2012 and revenue forecasts are provided up to 2019.

A copy of the United States Advanced Water Treatment Market research report can be obtained at www.verifymarkets.com.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Equipment

Boeing 767 Shipped by Barge

MTS Statum completes marine towage of barge carrying Boeing 767 from Shannon Airport   Marine service provider Marine and Towage Services Group Ltd. (MTS) has

Volvo Penta Names Brown Commercial Marine Sales Director

Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales.   In this new position, Brown will provide strategic and administrative

Romica Manufacturer Secures DNV GL Approval

U.K. winch maker Romica said it is to “redouble its exports drive” after its Romania-based manufacturing partner successfully acquired accreditation with DNV GL.

Ballast Water Treatment

ICS Conference to Focus on Shipping Agenda

The International Chamber of Shipping (ICS) will focus clearly on its core agenda this year, with experts from key areas of industry across the board speaking at

Great Lakes Ports Support Ballast Reforms

Directors of major commercial ports in the Great Lakes region called on Congress to end years of regulatory chaos surrounding ballast water management.    In a joint letter issued late yesterday,

USCG Denies DESMI’s BWTS Test Appeal

The U.S. Coast Guard has denied ballast water treatment systems manufacturer DESMI Ocean Guard’s appeal regarding the USCG’s initial decision to reject the use

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0818 sec (12 req/sec)