Ecochlor

Apr 6, 2023

Key companies profiled Ecochlor Inc., ALFA LAVAL, Evac, Auramarine Ltd., Veolia Water Technologies, Coldharbour Marine Ltd., GenSys GmbH, Damen Shipyards Group, Hyde Marine Inc., MH Systems Inc., NEI Treatment Systems, Optimarin AS Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Drivers The impact of ballast water on the marine environment is a growing concern, and this has led to increased demand for BWTS systems that can effectively treat ballast water and reduce its impact on the environment. Besides this, growing public awareness of the impact of ballast water on the environment has increased demand for BWTS systems. The International Maritime Organization's (IMO) Ballast Water Management Convention (BWMC) requires ships to manage their ballast water to prevent the spread of invasive species. This regulation has led to increased demand for BWTS systems. Moreover, Governments across the globe are offering incentives and subsidies to ship owners who install BWTS systems, which has led to increased demand. The collaboration between the shipping industry, manufacturers, and regulatory bodies has led to the development of more effective BWTS systems, which has increased demand. Key Market Trends: The market for BWTS systems is seeing increasing consolidation as larger players acquire smaller companies, creating economies of scale and expanding their product portfolios. Hybrid BWTS systems that combine different technologies such as filtration, UV, and electro-chlorination are becoming increasingly popular as they offer a higher level of treatment and greater flexibility. Moreover, the use of UV-C technology for ballast water treatment is becoming more widespread due to its effectiveness in disinfecting water without the use of chemicals. Mobile BWTS systems that can be deployed on ships temporarily are becoming more common as they offer a solution for vessels that may only require treatment for a short period of time. With growing awareness of the impact of ballast water on the environment, there is a trend towards more sustainable BWTS systems that use less energy and produce fewer emissions. The use of digital technologies such as sensors and data analytics is becoming more common in BWTS systems, offering greater monitoring and control capabilities. Request Methodology & Get a Glimpse of Our Expertise: Restraints The cost of installing and maintaining BWTS systems can be high, which can deter some ship owners from investing in them. There is currently no global standard for BWTS systems, which can lead to confusion and uncertainty for ship owners and manufacturers. Developing effective and reliable BWTS systems that can operate in a marine environment can be challenging, and not all systems are able to meet the required standards. Competitive Landscape: Key companies in the market are focusing on supply chain management and good quality products to gain an edge over the competition. Also, the companies are focusing on various mergers and acquisitions to sustain a stable market share. For instance, South Korean company Techcross announced the acquisition of Norwegian provider Optimarin, a leading supplier of BWTS systems. This acquisition strengthened Techcross's position in the market and expanded its global reach. Evoqua Water Technologies announced the acquisition of ATG UV Technology, a UK-based provider of UV disinfection systems for the marine industry. This acquisition further expanded Evoqua's portfolio of BWTS systems, and strengthened the company's position in the market. Alfa Laval, a leading provider of marine equipment, launched an upgraded version of its PureBallast 2.0 BWTS system in 2021. The new system is designed to provide a higher level of treatment and can be installed on a wider range of vessels. Norwegian company Optimarin launched a new BWTS system called the OBS Cube in 2021. The system uses a combination of filtration and UV treatment to provide a high level of treatment and is designed for easy installation on a range of vessels. Moreover, companies are also putting emphasis on chemical-free ways of treating ballast water to lower the environmental impact. Key Segments of Ballast Water Treatment Systems Industry Research By Technology: What will be the estimated size of the Market in 2023? At what rate will the global Ballast Water Treatment Systems (BWTS) sales grow until 2033? Which are the factors hampering the Ballast Water Treatment Systems (BWTS) demand? Which region will spearhead the growth in the global industry by 2033? Which are the factors driving sales in the Ballast Water Treatment Systems (BWTS) Market during the forecast period? Check out more related studies published by Fact.MR Research: Mobile Water Treatment Systems Market Demand : The global mobile water treatment systems market demand is anticipated to grow at a CAGR of 8.9% to create an absolute $ opportunity of more than US$ 1,952.0 Mn during the forecast period (2020-2030). Solar Ventilation Systems Market Sales : Worldwide sales for solar ventilation systems to attain a market valuation of US$ 2.05 billion by 2032. Demand is projected to increase at a CAGR of 4.6%. Fire Alarm Systems Market Share : At present, the global fire alarm systems market share is valued at US$ 30.12 billion and is anticipated to reach US$ 57.08 billion by 2032. 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