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

Marine Equipment

Radio Holland bags Ahrenkiel Contract

Ahrenkiel Steamship GmbH & Co. KG and Radio Holland Germany GmbH, part of Imtech Marine, have agreed a long-term maintenance agreement for the entire Ahrenkiel Steamship fleet,

New England Boat Show on September 17th

Newport Exhibition Group announced today that its 45th Newport International Boat Show will take place September 17th on the Newport waterfront along America’s Cup Avenue in Newport, Rhode Island.

H2O’s Owens CrapZapper Offers More

H2O’s Owens CrapZapper marine sanitation device has dual certification to the latest IMO and USCG standards for operation anywhere in the world.   Features include low maintenance,

Ballast Water Treatment

USCG Approves KR BWMS Lab

Korean Register (KR) - an IACS member classification society – announces that it has been accepted by the United States Coast Guard (USCG) as an Independent Laboratory (IL) to undertake tests,

Ecochlor Presents BWTS Case Study at CMA

Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered

Getting Onboard the Regulatory Train

Rail transport activists, analysts and environmentalists get a real taste of what the waterfront has endured for decades. They’ll just have to get in line with the rest of us.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1114 sec (9 req/sec)