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Ballast Water Treatment Market Worth Around 106.3 Billion USD by 2024 | Lucrative CAGR 29.4% In International Market

Press release   •   Apr 25, 2019 07:56 EDT

Global Ballast Water Treatment Market was valued at USD 17.4 billion in 2017 and is likely to generate a demand of USD 106.3 billion by 2024, at a lucrative CAGR of 29.4% over the next seven years.

Rising concerns regarding the threat of invasive alien species (IAS) along with favorable government initiatives to prevent the pollution of marine environment are expected to drive the market demand. Additionally, the growing volume of seaborne trade is likely to fuel the market growth over the forecast period.

The years used for the assessment are as follows;

Historical year : 2014, 2015 and 2016
Base year : 2017
Forecast period: 2018 – 2024

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RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the ballast water treatment market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
Finalizing the overall size and share for the global market

OBJECTIVES:

To classify global ballast water treatment market into segments on the basis of technology, vessel type, capacity, and service to analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with ballast water treatment
Profiling key companies operating in the global market
To study market response with respect to the mergers and acquisitions in the industry

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MARKET SCOPE

The research scope for ballast water treatment market is as follows:

By Technology

Physical disinfection
Cavitation
Ultraviolet light
De-oxygenation
Others
Mechanical systems
Filtration
Electro-mechanical separation
Cyclonic separation
Chemical treatment
Disinfecting biocides
Electrolytic chlorination

By Vessel Type

High ballast dependent vessels
Bulk carriers
Tankers
Low ballast dependent vessels
Container ships
General cargos
Other vessels

By Capacity

<1500 cubic meters
1500 – 5000 cubic meters
>5000 cubic meters

By Service

Manufacturing, installation & calibration
Performance measurement
Re-commissioning

By Region

North America
Europe
Asia-Pacific
Central & South America (CSA)
Middle East & Africa (MEA)

FREE ANALYSIS

Rising volume of seaborne trade across the globe coupled with various regulations of United States Coast Guard (USCG), United States Environmental Protection Agency (USEPA), Vessel General Permit (VGP), have fostered the growth of the global ballast water treatment market. Also, the continuous threat from the introduction of Invasive Alien Species (IAS) through the discharge of ballast water is expected to propel the market demand.

Large vessels or ships require tons of ballast water to maintain stability and manoeuvrability; The discharge of the ballast water can cause ecological damage to the marine ecosystem and adversely impact the aquatic environment. Thus, ballast water treatment has become highly significant to prevent the destruction of marine habitat.

International Maritime Organization (IMO) regulates ballast water discharge from the ships and controls the transfer of invasive species by adopting the international convention for the control and management of ship’s ballast water and sediments, under Ballast Water Management (BWM) Convention in February 2004. In addition, BWM Convention of 2004 has compelled the shipping companies to look for effective technologies for ballast water treatment.

Also, various regulations have fostered key players to incorporate their vessels with efficient technologies in order to eradicate all harmful contaminants in the ballast water. Increased efficacy and safety has resulted in the preference of ballast water treatment over ballast water exchange. The treatment technologies employed must be cost effective, safe, and environmentally acceptable.

Moreover, the U.S. Clean Water Act (CWA) provides the basic structure in order to regulate the discharge of pollutants into the waters of the country and maintain the quality standards for surface waters. Furthermore, the effectiveness of ballast water exchange varies and is dependent on vessel design, exchange method, weather conditions, ballistic system configurations, and various other factors.

Therefore, the need for ballast water treatment has encouraged key market players to focus on research and development to develop better treatment technologies. This has not only intensified competition in the market but has also offered novel opportunities. However, high implementation costs associated with ballast water treatment may hinder the market growth.

Some of the key companies operating in the industry include Alfa Laval; Xylem; Evoqua Water Technologies LLC; Veolia Water Technologies; Calgon Carbon Corporation; Wartsila; Mitsubishi Heavy Industries, Ltd.; Optimarin; JFE Engineering Corporation; Damen Shipyards Group; ballast Water Containers Ltd.; Trojan Technologies; Headway Technology Co., Ltd.; Ecochlor, Inc.; ATG UV Technology; among others.

Table of Contents

Global Ballast Water Treatment Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Ballast Water Treatment Market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global ballast water treatment market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Rise in the volume of seaborne trade

3.6. Market dynamics

3.6.1. Market driver analysis

3.6.1.1. Favorable government initiatives

3.6.1.2. Growing concerns regarding the threat of invasive alien species

3.6.2. Market restraint analysis

3.6.2.1. High implementation cost

3.6.3. Industry analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. PESTLE Analysis

4.3. Company Market Share Analysis

4.3.1. Competitive Factors

CHAPTER 5. Global Ballast Water Treatment Market Size and Forecast (2014 – 2024)

5.1. Global Ballast Water Treatment Market, By Technology (USD Billion)

5.1.1. Physical disinfection

5.1.1.1. Cavitation

5.1.1.2. Ultraviolet light

5.1.1.3. De-oxygenation

5.1.1.4. Others

5.1.2. Mechanical systems

5.1.2.1. Filtration

5.1.2.2. Electro-mechanical separation

5.1.2.3. Cyclonic separation

5.1.3. Chemical treatment

5.1.3.1. Disinfecting biocides

5.1.3.2. Electrolytic chlorination

5.2. Global Ballast Water Treatment Market, By Vessel Type (USD Billion)

5.2.1. High ballast dependent vessels

5.2.1.1. Bulk carriers

5.2.1.2. Tankers

5.2.2. Low ballast dependent vessels

5.2.2.1. Container ships

5.2.2.2. General cargos

5.2.2.3. Other vessels

5.3. Global Ballast Water Treatment Market, By Capacity (USD Billion)

5.3.1. <1500 cubic meters

5.3.2. 1500 – 5000 cubic meters

5.3.3. >5000 cubic meters

5.4. Global Ballast Water Treatment Market, By Service (USD Billion)

5.4.1. Manufacturing, installation & calibration

5.4.2. Performance measurement

5.4.3. Re-commissioning

CHAPTER 6. Global Ballast Water Treatment Market Size and Forecast, By Region (2014 – 2024)

6.1. North America Ballast Water Treatment Market (USD Billion)

6.1.1. North America Ballast Water Treatment Market, By Technology (USD Billion)

6.1.2. North America Ballast Water Treatment Market, By Vessel Type (USD Billion)

6.1.3. North America Ballast Water Treatment Market, By Capacity (USD Billion)

6.1.4. North America Ballast Water Treatment Market, By Service (USD Billion)

6.1.5. North America Ballast Water Treatment Market, By Country (USD Billion)

6.1.5.1. The U.S.

6.1.5.2. Canada

6.1.5.3. Mexico

6.2. Europe Ballast Water Treatment Market (USD billion)

6.2.1. Europe Ballast Water Treatment Market, By Technology (USD Billion)

6.2.2. Europe Ballast Water Treatment Market, By Vessel Type (USD Billion)

6.2.3. Europe Ballast Water Treatment Market, By Capacity (USD Billion)

6.2.4. Europe Ballast Water Treatment Market, By Service (USD Billion)

6.2.5. Europe Ballast Water Treatment Market, By Country (USD Billion)

6.2.5.1. Germany

6.2.5.2. U.K

6.2.5.3. France

6.2.5.4. Greece

6.2.5.5. Italy

6.2.5.6. Rest of Europe

6.3. Asia-Pacific Ballast Water Treatment Market (USD Billion)

6.3.1. Asia-Pacific Ballast Water Treatment Market, By Technology (USD Billion)

6.3.2. Asia-Pacific Ballast Water Treatment Market, By Vessel Type (USD Billion)

6.3.3. Asia-Pacific Ballast Water Treatment Market, By Capacity (USD Billion)

6.3.4. Asia-Pacific Ballast Water Treatment Market, By Service (USD Billion)

6.3.5. Asia-Pacific Ballast Water Treatment Market, By Country (USD Billion)

6.3.5.1. China

6.3.5.2. Japan

6.3.5.3. India

6.3.5.4. Australia

6.3.5.5. Rest of Asia-Pacific

6.4. Central & South America (CSA) Ballast Water Treatment Market (USD Billion)

6.4.1. Central & South America (CSA) Ballast Water Treatment Market, By Technology (USD Billion)

6.4.2. Central & South America (CSA) Ballast Water Treatment Market, By Vessel Type (USD Billion)

6.4.3. Central & South America (CSA) Ballast Water Treatment Market, By Capacity (USD Billion)

6.4.4. Central & South America (CSA) Ballast Water Treatment Market, By Service (USD Billion)

6.4.5. Central & South America (CSA) Ballast Water Treatment Market, By Country (USD Billion)

6.4.5.1. Brazil

6.4.5.2. Rest of Central & South America (CSA)

6.5. Middle East & Africa (MEA) Ballast Water Treatment Market (USD Billion)

6.5.1. Middle East & Africa (MEA) Ballast Water Treatment Market, By Technology (USD Billion)

6.5.2. Middle East & Africa (MEA) Ballast Water Treatment Market, By Vessel Type (USD Billion)

6.5.3. Middle East & Africa (MEA) Ballast Water Treatment Market, By Capacity (USD Billion)

6.5.4. Middle East & Africa (MEA) Ballast Water Treatment Market, By Service (USD Billion)

6.5.5. Middle East & Africa (MEA) Ballast Water Treatment Market, By Country (USD Billion)

6.5.5.1. Saudi Arabia

6.5.5.2. UAE

6.5.5.3. South Africa

6.5.5.4. Rest of Middle East & Africa (MEA)

CHAPTER 7. Key Players and Strategic Developments

7.1. Alfa Laval

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Xylem

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Evoqua Water Technologies LLC

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Veolia Water Technologies

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Calgon Carbon Corporation

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Wartsila

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Mitsubishi Heavy Industries, Ltd.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Optimarin

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. JFE Engineering Corporation

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Damen Shipyards Group

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Ballast Water Containers Ltd.

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Trojan Technologies

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

7.13. Headway Technology Co., Ltd.

7.13.1. Business Overview

7.13.2. Product and Service Offering

7.13.3. Financial Overview

7.13.4. Strategic Developments

7.14. Ecochlor, Inc.

7.14.1. Business Overview

7.14.2. Product and Service Offering

7.14.3. Financial Overview

7.14.4. Strategic Developments

7.15. ATG UV Technology

7.15.1. Business Overview

7.15.2. Product and Service Offering

7.15.3. Financial Overview

7.15.4. Strategic Developments

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