Increase in implementation of marine wastewater treatment regulations pertaining to discharge requirements is expected to propel market growth

Wilmington, Delaware, United States, July 19, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global marine water treatment market was valued at US$ 25.4 Bn in 2022 and is projected to expand at a CAGR of 24.7% from 2023 to 2031.

Advancements in treatment methods for marine pollution can be ascribed to growing concerns about ocean pollution due to effluent and wastewater discharges from ships. Evolving shipboard wastewater management standards are expected to accelerate market development. For instance, demand for advanced water treatment solutions for cruise ships presents lucrative opportunities for companies in the market.

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Market Snapshot:

• Report Coverage: Details
• Market Revenue: US$ 25.4 Bn
• Estimated Value: US$ 185.2 Bn
• Growth Rate – CAGR: 24.7%
• Forecast Period: 2021-2031
• No. of Pages: 305 Pages
• Market Segmentation: By Process, Technology, Application
• Regions Covered: North America, Europe, Asia Pacific, Middle East & Africa, South America
• Companies Covered: Wartsila, Alfa Laval, Evoqua Water Technologies LLC, Veolia, Xylem Inc., Damen Green Solutions, DESMI Ocean Guard A/S, ACO Marine, Headway Technology Group Co., Ltd., Calgon Carbon Corporation, Kurita Water Industries Ltd., Parker Hannifin Corporation

SDGs, Targets, and Indicators

1. SDGs Addressed in the Article:

1. SDG 6: Clean Water and Sanitation
2. SDG 14: Life Below Water

2. Specific Targets Based on the Article’s Content:

• Target 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials.
• Target 14.1: By 2025, prevent and significantly reduce marine pollution of all kinds, particularly from land-based activities, including marine debris and nutrient pollution.

3. Indicators Mentioned or Implied in the Article:

• Indicator 6.3.2: Proportion of bodies of water with good ambient water quality.
• Indicator 14.1.1: Index of coastal eutrophication and floating plastic debris density.

Table: SDGs, Targets, and Indicators

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Source: investorsobserver.com

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