Ballast Water Treatment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ballast Water Treatment Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Ballast Water Treatment Market: Overview 

Ballast water treatment involves treatment of ballast water before it is discharged out of the ship at the port or in the mid sea. This is to reduce the harmful effects of aquatic marine organisms on the marine environment that happens at the time of ballistic operations of a ship. 

The International Maritime Organization released a convention in February 2004 to control and manage ballast and sediments of ships. In addition, port state authorities around the world have implemented their own requisites that apply on ships for carrying out ballasting and de-ballasting operations in their terrestrial water. 

Global Ballast Water Treatment Market: Key Trends 

The ballast water treatment (BWT) market is expected to display substantial growth over the coming years. The growth of this market is driven by governmental mandates that necessitate ships to be installed with BWT systems. In particular, the ratification of International Maritime Organization’s International Convention for the Control and Management of Ship’s Ballast Water and Sediments has mandated ships to be to installed with ballast water treatment system and ballast water management plan to maintain marine ecological balance. 

The increasing volume of marine trade is also a major factor boosting the BWT market. This is because marine trade is economical as compared to trade via air cargo. The increasing healthcare concerns in the shipping industry is also leading to the installation of BWT systems in ships. This is because invasion of the ship’s blast by aquatic species carries the risk of germs entering into the main vessel, which is one of the major problems faced by the shipping industry. 

The growth of the BWT market is restrained by issues pertaining to storage of disinfected by-products that are generated after water treatment. The continuously evolving government rules and regulations regarding BWT mandates is also challenging the market’s growth. Nevertheless, the implementation of new conventions in favor of installation of BWT systems will benefit the growth of BWT market. 

The BWT market is analyzed on the basis of technology, service, capacity, ship type, and geography. 

Global Ballast Water Treatment Market: Market Potential 

Companies involved in the manufacture of BWT systems are developing solutions that are in the interest of customers. In a recent industry development, Alfa Laval – a company that manufactures ballast water treatment systems announced that the International Maritime Organization (IMO) Ballast Water Management Convention is slated to be effective from September. 

Furthermore, it said that PureBallast systems with high flow capacity is of particular interest among customers. This PureBallast 3.1 approved by the IMO and the U.S. Coast Guard features a unique single-filter solution which boosts up ballasting and de-ballasting capacities up to 6000 m3/h with a small carbon footprint. 

Global Ballast Water Treatment Market: Regional Outlook 

Asia Pacific stood as one of the leading markets for BWT in the recent past. The region has some prominent ports and harbors for the trade of commodities such as oil and chemicals, automotive components, electronic components and devices that contribute to the growth of shipping and ancillary industries. This is because the International Maritime Organization (IMO) mandates ships to be equipped with BWT systems for ecological reasons, thereby favoring the BWT market. 

Global Ballast Water Treatment Market: Competitive Landscape 

Some of the major companies operating in the BWT market include Wärtsilä Corporation, Evqua Water Technologies LLC, Ecochlor Inc., Alfa Laval AB, Mitsubishi Heavy Industries Ltd., Qingdao Headway Technology Co. Ltd., Optimarin AS, Xylem Inc., Calgon Carbon Corpoartion, Veolia Environment S.A., Trojan Marinex, atg UV Technology, and JFE Engineering Corporation among others.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.