Ballast-Water Treatment Market Seen Exceeding $3 Billion
This article is for subscribers only.
The market for systems that clean up ballast water, which is used by ships to maintain balance, may expand more than sixfold in a decade, Frost & Sullivan said.
The market may reach as much as $3.14 billion by 2023, up from about $466.6 million this year, the U.K. consultants said today in a report. The expansion will be driven by two pieces of legislation likely to be enforced next year, they said.