Companiesandmarkets.com

The ballast water treatment systems market to range from $13 billion to $15 billion over the next nine years

Press Release   •   Oct 15, 2012 16:50 BST

The ballast water treatment systems market is driven by the international convention for the control and management of ship's ballast water and sediments, and USCG regulations.

Various uncertainties since 2004 and especially after 2009 have made the different segments of this market more intriguing, and challenging to get detailed insight into the ballast water treatment system market.

The value of the global ballast water treatment system market in 2012 is expected to reach $240 million.

As of September 2012, approximately 29% of the global fleet tonnage by deadweight, represented by 36 member states have ratified the convention and the USCG regulations have also boosted the ballast water treatment system market further.

The potential market for ballast water treatment systems is becoming clearer now that the Coast Guard has issued a final rule requiring vessels discharging into US waters to install onboard treatment.

Calgon Carbon is among those which have a financial stake in the tightening of international and domestic standards. In 2010, the company purchased Hyde Marine, a manufacturer of ballast water treatment systems that use UV technology.

It has been estimated that the total value of the market for ballast water treatment equipment alone will range from $13 billion to $15 billion over the next nine years. Lifecycle costs will propel that number into the region of $35 billion

Then, approximately 30% of ships affected by US regulations will be required to have their systems in place by 2018, which should produce a spike in market activity beginning in 2014 and levelling off once most retrofits are complete.

In 2020, however, some treatment system suppliers may get a second bite at the apple, as shipbuilders find themselves in the position of replacing systems that have failed to function properly or are difficult to operate and integrate into their vessels.

For more information on the ballast water treatment systems market, see the latest research: Ballast Water Treatment Systems Market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.