Global Ballast Water Treatment Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Physical Disinfection, Mechanical Method, Chemical Method), By Service (Recommissioning, Performance Measurement, Installation And Calibration), By Ship Type (Container Ship, Tankers, Dry Bulk Carriers, General Cargos, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Aug 2021 Report Code: KSI061611944 Pages: 121

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.

The shipping industry faces a key problem of Invasive Aquatic Species in ship’s ballast water. This poses a great threat to the marine ecosystem as well. These aquatic species have led to an increase in bio-invasion at an alarming rate. Under IMO’s “International Convention for the Control and Management of Ship’s Ballast Water and Sediments”, the implementation of a ballast water management plan and ballast water treatment system onboard ships has thus become important. The IMO Ballast Water Management Convention was adopted in 2004 to address this issue at an international scale and is finally approaching the target shipping capacity it requires for ratification. Once this Convention has entered into force 12 months after ratification, it will be mandatory for all vessels above 400 gt to install ballast water treatment systems (BWTS). To ensure their ships comply with the rules and regulations set by IMO regarding Ballast Water Management, several shipping operators have started implementing ballast water treatment systems on their ships. However, an arguably more influential regulation is the Final Rule of the United States Coast Guard (USCG) which was introduced in 2012 to address invasive species in US and Canadian waters. As these waters are highly important in terms of global shipping activity, BWTS that conform to their more stringent regulations is the most sought after by shipowners. As of yet, no BWTS has achieved USCG-type approval. A variety of technologies are available in the market for treating ballast water on ships. However, constraints such as availability of space, cost of implementation, and level of environmental friendliness play an important role in the usage of a particular type of ballast water treatment system.

Several key factors are considered before selecting a ballast water treatment solution for a ship. Some of the main factors to be considered include Effectiveness on ballast water organisms, Cost-effectiveness, Environment-friendliness, Safety of the crew, Ease of installation and operation, Space availability onboard.

ballast water treatment market

The principal factor driving the ballast water treatment system is the growing focus on preserving and protecting the marine ecosystem from pollutants and other toxic species. As per the United Nations Environment Programme (UNEP), in 2018, the world invested around 200 million US dollars in ocean energy technologies, up from 100 million US dollars in 2006.

The advent of COVID-19 harmed the global Ballast water treatment market. The immense downturn in the global shipping and the marine industry has been a significant reason for the decline in the demand for Ballast water treatment at a global level. Moreover, the pandemic restricted the transportation of goods through marine containers and also the owners of boats to take their marine vessels into the waters. After the initial lockdown period, boating came back but with restrictions and certain protocols that were required to be followed like the ship will be operated with a lesser capacity which will require less labor to come in contact, and social distancing was required to be maintained at the fuel dock as well. Moreover, the sales of commercial and personal boats dipped during the initial months of the year owing to the lockdown which led to the shutting down of the sellers for a certain period initially. With the industries recovering after the pandemic gradually, the marine business is expected to operate in full capacity starting from the third and fourth quarters of 2021.

The ballast water treatment market has been segmented based on technology, service, ship type, and geography. By technology, the market has been segmented based on physical disinfection, mechanical method, and chemical method. By service, the market has been segmented as recommissioning, performance measurement and, installation and calibration. By ship type, the market has been segmented as container ships, tankers, dry bulk carriers, general cargo, and others. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The Asia Pacific is expected to hold a significant share in the market during the forecast period

Furthermore, even though the market for the region witnessed a slight decline during the year 2020 owing to the COVID-19 pandemic, it is expected to recover in the coming years.

Competitive Insights

The players in the global Ballast water treatment market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Ballast Water Treatment Market Scope:

Report Metric Details
 Market size value in 2019  US$22.453 billion
 Market size value in 2026  US$108.951 billion
 Growth Rate  CAGR of 25.31% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Technology, Service, Ship type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Wärtsilä Oyj Abp, Alfa Laval AB, Xylem Inc., Evoqua Water Technologies LLC, Calgon   Carbon Corporation, Mitsubishi Heavy Industries Ltd., Veolia Environnement S.A., atg   UV Technology Ltd, Headway Technology Co., Ltd., Trojan Marinex Inc.
 Customization scope  Free report customization with purchase.

 

Segmentation

  • By Technology
    • Physical Disinfection
    • Mechanical Method
    • Chemical Method
  • By Service
    • Recommissioning
    • Performance Measurement
    • Installation And Calibration
  • By Ship type
    • Container Ship
    • Tankers
    • Dry Bulk Carriers
    • General Cargos
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the ballast water treatment market size by 2026?
A1. The global ballast water treatment market is projected to reach a market size of US$108.951 billion in 2026.


Q2. What is the size of the global ballast water treatment market?
A2. Ballast Water Treatment market was valued at US$22.453 billion in 2019.


Q3. What are the growth prospects for the ballast water treatment market?
A3. The ballast water treatment market is projected to grow at a CAGR of 25.31% over the forecast period.


Q4. What factors are anticipated to drive the ballast water treatment market growth?
A4. 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.


Q5. Which region holds the maximum market share of the ballast water treatment market?
A5. The Asia Pacific is expected to hold a significant share in the ballast water treatment market during the forecast period.

 

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of End-Users

4.3.2.Bargaining Power of Buyers

4.3.3.Threat of New Entrants

4.3.4.Threat of Substitutes

4.3.5.Competitive Rivalry in the Industry

4.4.Industry Value Chain Analysis

 

5.Ballast water treatment market Analysis, by Technology

5.1.Introduction

5.2.Physical Disinfection

5.3.Mechanical Method

5.4.Chemical Method   

 

6.Ballast water treatment market Analysis, by Service

6.1.Introduction

6.2.Recommissioning

6.3.Performance Measurement

6.4.Installation And Calibration

 

7.Ballast water treatment market Analysis, by Ship type

7.1.Introduction

7.2.Container Ship

7.3.Tankers

7.4.Dry Bulk Carriers

7.5.General Cargos

7.6.Others

 

8.Ballast water treatment market Analysis, by Geography

8.1.Introduction

8.2.North America

8.2.1.North America Ballast water treatment market, By Service, 2021 to 2026

8.2.2.North America Ballast water treatment market, By Ship type, 2021 to 2026

8.2.3.By Country

8.2.3.1.USA

8.2.3.2.Canada

8.2.3.3.Mexico

8.3.South America

8.3.1.South America Ballast water treatment market, By Service, 2021 to 2026

8.3.2.South America Ballast water treatment market, By Ship type, 2021 to 2026

8.3.3.By Country

8.3.3.1.Brazil

8.3.3.2.Argentina

8.3.3.3.Others

8.4.Europe

8.4.1.Europe Ballast water treatment market, By Service, 2021 to 2026

8.4.2.Europe Ballast water treatment market, By Ship type, 2021 to 2026

8.4.3.By Country

8.4.3.1.1.Germany

8.4.3.1.2.France

8.4.3.1.3.UK

8.4.3.1.4.Others

8.5.Middle East and Africa

8.5.1.Middle East and Africa Ballast water treatment market, By Service, 2021 to 2026

8.5.2.Middle East and Africa Ballast water treatment market, By Ship type, 2021 to 2026

8.5.3.By Country

8.5.3.1.Saudi Arabia

8.5.3.2.UAE

8.5.3.3.Others

8.6.Asia Pacific

8.6.1.Asia Pacific Ballast water treatment market, By Service, 2021 to 2026

8.6.2.Asia Pacific Ballast water treatment market, By Ship type, 2021 to 2026

8.6.3.By Country

8.6.3.1.China

8.6.3.2.India

8.6.3.3.Japan

8.6.3.4.South Korea

8.6.3.5.Others

 

9.Competitive Environment and Analysis

9.1.Major Players and Strategy Analysis

9.2.Emerging Players and Market Lucrativeness

9.3.Mergers, Acquisitions, Agreements, and Collaborations

9.4.Vendor Competitiveness Matrix

 

10.Company Profiles

10.1.Wärtsilä Oyj Abp

10.2.Alfa Laval AB

10.3.Xylem Inc.

10.4.Evoqua Water Technologies LLC

10.5.Calgon Carbon Corporation

10.6.Mitsubishi Heavy Industries Ltd.

10.7.Veolia Environnement S.A.

10.8.atg UV Technology Ltd

10.9.Headway Technology Co., Ltd.

10.10.Trojan Marinex Inc.

Wärtsilä Oyj Abp

Alfa Laval AB

Xylem Inc.

Evoqua Water Technologies LLC

Calgon Carbon Corporation

Mitsubishi Heavy Industries Ltd.

Veolia Environnement S.A.

atg UV Technology Ltd

Headway Technology Co., Ltd.

Trojan Marinex Inc.

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