Marine Link
Thursday, December 8, 2016

Asian Ballast Water Treatment Markets Grow

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 Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News