Asian Ballast Water Treatment Markets Grow
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

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Equipment

USNS Maury Completes Acceptance Trials

USNS Maury (T-AGS 66) completed Acceptance Trials, November 6, following a week of extensive ship tests and underway events, included testing of major propulsion,

Rolls-Royce to Exhibit Power Offerings at WorkBoat

Rolls-Royce will showcase its latest marine power innovations, including several MTU commercial marine products and systems, at the International Workboat Show 2015, December 1-3 in New Orleans.

IMMA App Offers Access to Maritime Medical Stores

Deteriorating seafarer health and poorly-stocked onboard medical chests are major issues concerning maritime medical practitioners, which is why the International

Ballast Water Treatment

BWM Convention Doesn't Resolve U.S. Issues - ICS

ICS notes that the IMO Secretary General has announced that the Ballast Water Management Convention will enter into force worldwide from 24 November 2016, following

Ballast Water Management in the Field Put to the Test

Turner Designs, along with scientists from around the world participated in a research cruise aboard the RV Meteor, a vessel owned by the Federal Republic of Germany

The Latest on Ballast Water Mismanagement

On October 5, 2015, the United States Court of Appeals for the Second Circuit issued a 65-page decision holding that, for the most part, the 2013 Vessel General

Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.1625 sec (6 req/sec)