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Ballast water management market growing at 31.43% CAGR by 2021 scrutinized in new research

Ballast water management market growing at 31.43% CAGR by 2021 scrutinized in new research

The global Ballast Water Management industry to grow at a CAGR of 31.43% during the period 2017-2021.

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Ballast Water Management Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Complete report on the Ballast Water Management Market Research Report spread across 72 pages, profiling 23 companies with table of content is now available at  www.reportsnreports.com/contacts/d…aspx?name=1134870 .

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The following companies as the key players in the global ballast water management market: ALFA LAVAL, GEA Group, Hitachi, Veolia Water Technologies, and Wärtsilä. Other Prominent Vendors in the market are: atg UV Technology, Azienda Chimica Genovese, Calgon Carbon Corporation, Ecochlor, Evoqua Water Technologies, Headway Technology and Services, Hyde Marine, JFE ENGINEERING, Kadalneer Technologies, Kalf Engineering, NK, Optimarin, Panasonic Environmental Systems & Engineering, Samsung Heavy Industries, TECHCROSS, Trojan Technologies, and Xylem.

One trend in the market is business collaborations to streamline operations. The IMO and USCG regulations will come into full force in 2017; until these regulations become effective, ballast water management vendors must find locations to establish their production facilities and services for ballast systems to be installed on marine ships.

In early 2017, Wärtsilä was engaged in sealing deals with major global shipyards for establishing co-operation and communication in relation to the International Maritime Organization (IMO) Convention for the ballast water management.

According to the report, one driver in the market is growing popularity of leisure cruising. One of the latest trends in global outbound travel is leisure cruising.

A large number of people are traveling abroad for holidays. The global number rose by 75% during 2007-2014.

During the same period, a huge boom in leisure cruising resulted in an increase in the number of passengers by a staggering 250% globally. By the end of 2017, the leisure cruising market is expected to witness an influx of 26 million passengers.

With a total of 184 river cruise ships operating globally in 2016 and another 13 new river cruise ships booked for order in early 2017, it is expected to increase the demand for river cruise voyages.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Access this Report at www.reportsnreports.com/purchase.aspx?name=1134870 .

Further, the report states that one challenge in the market is high cost of implementation. Though the adoption of ballast water management systems has increased gradually over the years due to their environmental benefits, these systems still come at a premium.

Their installation costs are high, which dissuade early adoption. A ballast water management system can cost anywhere from $50,000 to $5 million, depending on the features and technology integrated within, which may include ultraviolet water treatment systems and chemical disinfection among others.

This report covers the present scenario and the growth prospects of the global ballast water management market for 2017-2021. To calculate the market size, the report considers new installations and retrofit market.

Isolation refers to avoiding direct current (DC) and unwanted alternative current (AC) between two parts of an electrical system, during signal and power transfer. Isolation in an electrical outfit is used to protect the user from transient voltages, avoid damage to expensive processors, break the ground loop in communication networks, and improve noise immunity.

Isolation is also required to measure systems, which involve industrial environments with the possibility of transient voltages, noisy electrical environment, transient-sensitive applications, and environments with fluctuating ground potential.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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