Asian Ballast Water Treatment Markets Shows Exponential Growth
SAN ANTONIO, Texas, June 11, 2013 (GLOBE NEWSWIRE) -- The Asian ballast water
treatment systems market is highly lucrative and is expected to show
tremendous growth over the next 6 - 7 years. The market is still in the growth
stage; however, due to the pending IMO regulations, the market is expected to
grow exponentially. The Asian Ballast water treatment systems market was
estimated to be over $150 million in 2012 and is expected to show a double
digit growth rate over the next few years. The key market drivers include
IMO's strict global standards for ballast water management, increase in demand
from ship builders and technology advancements. The key market restraints
include slow ratification of IMO's ballast water convention, short span of the
market and high investment costs.
This study covers countries in Asia. The key countries include South Korea,
Japan, China, Singapore and Hong Kong.
The key participants in the Asian ballast water treatment systems market
include Techcross Inc., Alfa Laval, Hyundai Heavy Industries Co. Ltd, Panasia
Co Ltd, Hitachi Plant Technologies Ltd, China Ocean Shipping Company, and
Mitsui Engineering and Shipbuilding Co Ltd. The Asian market for ballast water
treatment systems has tremendous potential. China, South Korea and Japan
remain at the forefront of the international shipbuilding industry.
This study captures market size estimates for the Asian ballast water
treatment systems market. It provides market drivers, restraints, end user
trends, market share analysis, distribution trends and quotes captured by key
industry participants during the research process. The base year of the study
is 2012 and revenue forecasts are provided up to 2019.
A copy of the United States Advanced Water Treatment Market research report
can be obtained at www.verifymarkets.com.
CONTACT: Haley Rico
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