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The Ballast Water Treatment System Market 2012-2022

Global ballast water treatment system market: $240 million industry during 2012

The value of the global ballast water treatment system market in 2012 will reach $240m. The ballast water treatment system market is driven by the international convention for the control and management of ship's ballast water and sediments, and USCG regulations. Various uncertainties since 2004 and especially after 2009 have made the different segments of this market more intriguing, and challenging to get detailed insight into the ballast water treatment system market.

As of September 2012, approximately 29% of the global fleet tonnage by deadweight, represented by 36 member states have ratified the convention and the USCG regulations have also boosted the ballast water treatment system market further. The market which has been assumed to have various potential figures will eventually have a unique fate which is discussed in the report.

Every technology has its pros and cons, which represents a particular sub-market available for each vendor using a different combination of technologies both for a particular ship type and for a particular ballast capacity. The total number of vendors has increased in a significant proportion and more vendors are expected to enter this market.

This particular market is very dynamic as partnerships, mergers, takeovers, and acquisitions have been witnessed in the recent past and many more will be witnessed in the near future. This market is projected to be an extremely wise option for any investor looking to profit. Ship owners, ship builders, ballast water treatment technology providers and retrofitting engineering companies are the major known players of this market.

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