Worldwide Ballast Water Treatment Industry to 2026 - by Technology, Service, Ship Type and Geography June 11, 2021 06:03 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com's offering. The global ballast water treatment market is evaluated at US$22.453 billion for the year 2019 and is projected to grow at a CAGR of 25.31% to reach a market size of US$ 108.951 billion by the year 2026. Rising healthcare concerns in the marine industry coupled with the high volume of seaborne trades are the major factors driving the demand for ballast water treatment solutions. Increasing awareness regarding its advantages and more vendors entering the market will further add to the growing demand for these water treatment systems over the forecast period.