COVID-19 Impact on Ballast Water Management Market, Global Research Reports 2020-2021

Press Release

In this report, the COVID-19 Impact on Ballast Water Management market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. COVID-19 Impact on Ballast Water Management market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-ballast-water-management-market-global-research-reports-2020-2021

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Ballast water has been an essential component of the ship’s constancy. Ballast water is pumped in to maintain safe operating conditions throughout a voyage. It is an important for safe and efficient modern shipping operations, it may create serious environmental, economic and health issues attribute to the multitude of marine species carried in ships’ ballast water. 

Government initiatives toward marine environmental protection, increasing demand for petroleum products, developing healthcare concerns in shipping sector are fueling the market growth. However, continuously changes in government rules and regulations and high costs associated are hindering the growth of the market. Influenced by stringent regulations, increase in fleet ownership, and global trade in large volumes, EMEA will be the major revenue contributor to this market. Additionally, factors such as the expansion in fleet size in various countries and the decommissioning of aging vessels, also contribute to the growth of the ballast water management market in this region.

This report provides a complete quantitative data and qualitative analysis on the global market for Ballast Water Management. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.

Prior to COVID-19, the global market for Ballast Water Management was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Ballast Water Management is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.

This report covers market size and forecasts of Ballast Water Management, including the following market information:

Global Ballast Water Management Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K Units)

Global Ballast Water Management Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K Units)

Global Ballast Water Management Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) & (K Units)

Global Ballast Water Management Market Size by Company, 2019- 2020 (quarterly data), (US$ Million) & (K Units)

Key market players

Major competitors identified in this market include ALFA LAVAL, GEA Group, Hitachi, Veolia Water Technology, Wärtsilä, etc.

Based on the Region:

Asia-Pacific (China, Japan, South Korea, India and ASEAN)

North America (US and Canada)

Europe (Germany, France, UK and Italy)

Rest of World (Latin America, Middle East & Africa)

Based on the Type:

Physical Disinfection

Mechanical Method

Chemical Method

Based on the Application:

Automotive Machinery & Equipment

Cosmetics

Food & Beverages

Building & Infrastructure Materials

Medical & Healthcare

Mining Equipment

Browse full research report at https://www.crystalmarketreport.com/covid-19-impact-on-ballast-water-management-market-global-research-reports-2020-2021

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