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Ballast Water Treatment Market Worth 118.77 Billion USD by 2022PUNE, India, March 14, 2017 /PRNewswire/ -- According to the new market research report "Ballast Water Treatment Market by Technology (Physical Disinfection, Mechanical Method, Chemical Method), Capacity, Service, Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos) and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to be worth USD 118.77 Billion by 2022, growing at a CAGR of 37.19% between 2017 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) http://www.marketsandmarkets.com/Market-Reports/ballast-water-treatment-market-52132944.html Early buyers will receive 10% customization on this report. The driving factors for the growth of this market include rise in volumes of seaborne trade and increasing government initiatives toward marine environmental protection. Container ships accounted for the largest size of the ballast water treatment market in 2016 Container ships are a common means of commercial transport and are widely used to carry non-bulk cargo. They can be used to carry a wide variety of goods, such as commodities (coal, wheat), manufactured goods, cars, and refrigerated (perishable) goods. The growth of this segment is mainly attributed to the rising trade volumes in the APAC region. The number of containers handled at ports in APAC has increased drastically over the years. It is primarily due to the Asian economies such as China, Singapore, Hong Kong, Japan, and South Korea, which have become world's manufacturing powerhouses. Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=52132944 Physical disinfection expected to dominate the ballast water treatment market during the forecast period Physical disinfection is expected to lead the overall market during the forecast period. This method is used globally to treat ballast water, and it is most effective aainst a broad range of organisms. Physical disinfection also offers considerable advantages such as ease of operation and high level of efficiency. The ballast water treatment market in APAC expected to grow at the highest rate during the forecast period APAC is expected to hold the largest share of the ballast water treatment market by 2022. APAC comprises developing as well as various developed economies such as Japan, China, South Korea, and Singapore, which have a huge potential for ballast water treatment systems. Some of the major drivers for the growing demand for ballast water treatment systems in APAC include the rising adoption of IMO regulations and increasing trade of chemicals and other goods within this region. Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=52132944 Major players in this industry include Wärtsilä Corporation (Finland), Xylem Inc. (U.S.), Evoqua Water Technologies LLC (U.S.), Calgon Carbon Corporation (U.S.), Ecochlor, Inc. (U.S.), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (U.K.), Qingdao Headway Technology Co., Ltd. (China), JFE Engineering Corporation (Japan), and Optimarin AS (Norway). Browse Related Reports HVAC Systems Market by Equipment Type (Heating (Heat Pump, Furnace), Ventilation (Air Filter, Dehumidifier, Air Purifier), Cooling (Room AC, Unitary AC, Chiller)), Software & Services, Implementation Type, Application, and Geography - Global Forecast to 2022 Industrial Agitators Market by Mounting (Top Mounted, Side Mounted, Bottom Mounted), Model (Large Tank Agitators, Drum Agitators, Portable Agitators), Form (Solid-Solid, Solid-Liquid, Liquid-Liquid, Liquid-Gas), Component (Heads, Sealing Systems, Impellers), Industry, and Geography - Global Forecast to 2022 Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. 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