- The key vendors in the Global Ballast Water Treatment Products Market 2015-2019 are Alfa Laval AB, ERMA FIRST ESK Engineering Solutions SA, Mitsubishi Heavy Industries Ltd., N.E.I. Treatment Systems LLC and Siemens AG.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Ballast Water Treatment Products Market 2015-2019. One of the major trends observed in the market is the increased need for water treatment in developing countries. Countries such as China, India, and Japan are facing serious ballast water treatment challenges and are thus promoting the use of ballast water treatment systems. The Global Water Ballast Treatment Systems market is expected to grow significantly at a CAGR of 24.4 percent during the forecast period of 2014-2019.
“Increased need for safe water in developing countries is one of the major reasons for increase in demand for ballast water treatment systems worldwide,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many developing countries such as China and India face difficulties in treating water and safely discharging ballast water, which is leading to a scarcity of usable water as well as affecting the marine ecosystem.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
