Market Overview:
The global ballast water systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for maritime transport and the need for effective and efficient ballast water management systems (BWMS). The market is segmented on the basis of type, application, and region. On the basis of type, the global ballast water systems market is segmented into three categories: below 1500 m3, 1500-5000 m3, and above 5000 m3. Of these segments, below 1500 m3 accounted for a major share in 2017 owing to its low cost and easy installation. However, above 5000 m3 is projected to grow at a higher CAGR during the forecast period as it offers high efficiency and better performance than other types of BWMSs. On the basis of application, tanker vessels accounted for a major share in 2017 owing to their large size compared with other types of vessels such as container vessels or bulk carriers.
Product Definition:
A ballast water system is a system on a boat or ship that manages the weight of the vessel by taking on and discharging water. It is usually used to adjust the draft (depth) of a boat so that it sits lower in the water and makes it less likely to overturn. The discharged ballast water can also help stabilize boats in rough seas.
Ballast Capacity:below 1500 m3:
The ballast water system is used to stabilize the load and improve the stability of a ship. It consists of tanks, pumps, valves and other components that are used in loading and unloading ports. The ballast water is added or removed from these tanks according to requirements to achieve desired stability for shipping purposes.
Increasing globalization has led to an increase in international trade activities which have further increased the demand for ships as they are capable of carrying multiple containers at once.
Ballast Capacity:1500-5000 m3:
The ballast water system is used to stabilize the ship and protect it from damage. It consists of a large volume of water, which is used to counter the effect of changes in load or trim. The weight of cargo and passengers adds pressure on the bow area making it higher than normal; in such conditions ballast water systems come into action.
Application Insights:
Tanker vessels accounted for the largest share of over 60.0% in 2017 and are expected to witness significant growth owing to rising demand for crude oil from emerging economies such as China, India, South Korea and Brazil. The use of ballast water systems in tankers helps in minimizing the risk of collision while sailing at high speed on the open ocean by reducing maneuverability. Container vessels are projected to be among fastest growing segments during forecast years owing to increasing global trade activities across various ports including Los Angeles, Long Beach, Oakland, Seattle Tacoma San Francisco Bay Area California U.S.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 4.6% over the forecast period, owing to increasing demand for containers and other bulk goods from emerging economies, such as China and India. In addition, rising oil & gas exploration activities in North America are anticipated to propel product demand over the coming years.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due its rapid development coupled with growing trade relations between Asia Pacific countries and U.S., Canada, Japan and European Union (EU).
Growth Factors:
- Increasing demand for Ballast Water Systems from the shipping industry to meet the stringent regulations laid down by the International Maritime Organization (IMO) for controlling the spread of aquatic invasive species in ships' ballast water and sediments.
- The increasing awareness among ship owners and operators about the need to install Ballast Water Systems in their vessels in order to comply with environmental regulations is driving the growth of this market.
- Growing demand for efficient and reliable Ballast Water Management Systems from cruise liners, cargo ships, and passenger ferries operating across different regions is also propelling market growth.
- The increasing number of maritime accidents caused by aquatic invasive species has led to an increase in investments made by shipping companies towards installing BWMSs on their vessels, thereby fueling market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballast Water Systems Market Research Report
By Type
Ballast Capacity:below 1500 m3, Ballast Capacity:1500-5000 m3, Ballast Capacity:Above5000 m3
By Application
Tanker Vessels, Container Vessels, Bulk Vessels
By Companies
Alfa Laval, Panasia, OceanSaver, Qingdao Sunrui, JFE Engineering, NK, Qingdao Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, S&SYS, Ecochlor, Industrie De Nora, MMC Green Technology, Wartsila, NEI Treatment Systems, Mitsubishi Heavy Industries, Desmi, Bright Sky, Trojan Marinex, Evoqua Water Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Ballast Water Systems Market Report Segments:
The global Ballast Water Systems market is segmented on the basis of:
Types
Ballast Capacity:below 1500 m3, Ballast Capacity:1500-5000 m3, Ballast Capacity:Above5000 m3
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tanker Vessels, Container Vessels, Bulk Vessels
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfa Laval
- Panasia
- OceanSaver
- Qingdao Sunrui
- JFE Engineering
- NK
- Qingdao Headway Technology
- Optimarin
- Hyde Marine
- Veolia Water Technologies
- Techcross
- S&SYS
- Ecochlor
- Industrie De Nora
- MMC Green Technology
- Wartsila
- NEI Treatment Systems
- Mitsubishi Heavy Industries
- Desmi
- Bright Sky
- Trojan Marinex
- Evoqua Water Technologies
Highlights of The Ballast Water Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ballast Capacity:below 1500 m3
- Ballast Capacity:1500-5000 m3
- Ballast Capacity:Above5000 m3
- By Application:
- Tanker Vessels
- Container Vessels
- Bulk Vessels
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ballast Water Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ballast water systems are used to stabilize a ship's balance and prevent it from capsizing. The system consists of tanks filled with water, which is then circulated through the ship's ballast tanks. When the ship is sailing in open waters, the weight of the cargo causes the water in these tanks to rise. This raises the center of gravity and prevents a capsize. In ports, however, there may be restrictions on how much weight can be carried by ships so ballast water systems are also used to reduce port congestion by sinking excess cargo below deck level
Some of the major companies in the ballast water systems market are Alfa Laval, Panasia, OceanSaver, Qingdao Sunrui, JFE Engineering, NK, Qingdao Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, S&SYS, Ecochlor, Industrie De Nora, MMC Green Technology, Wartsila, NEI Treatment Systems, Mitsubishi Heavy Industries, Desmi, Bright Sky, Trojan Marinex, Evoqua Water Technologies.
The ballast water systems market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ballast Water Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ballast Water Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ballast Water Systems Market - Supply Chain
4.5. Global Ballast Water Systems Market Forecast
4.5.1. Ballast Water Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ballast Water Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ballast Water Systems Market Absolute $ Opportunity
5. Global Ballast Water Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ballast Water Systems Market Size and Volume Forecast by Type
5.3.1. Ballast Capacity:below 1500 m3
5.3.2. Ballast Capacity:1500-5000 m3
5.3.3. Ballast Capacity:Above5000 m3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ballast Water Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ballast Water Systems Market Size and Volume Forecast by Application
6.3.1. Tanker Vessels
6.3.2. Container Vessels
6.3.3. Bulk Vessels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ballast Water Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ballast Water Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ballast Water Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ballast Water Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ballast Water Systems Demand Share Forecast, 2019-2026
9. North America Ballast Water Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ballast Water Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ballast Water Systems Market Size and Volume Forecast by Application
9.4.1. Tanker Vessels
9.4.2. Container Vessels
9.4.3. Bulk Vessels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ballast Water Systems Market Size and Volume Forecast by Type
9.7.1. Ballast Capacity:below 1500 m3
9.7.2. Ballast Capacity:1500-5000 m3
9.7.3. Ballast Capacity:Above5000 m3
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ballast Water Systems Demand Share Forecast, 2019-2026
10. Latin America Ballast Water Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ballast Water Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ballast Water Systems Market Size and Volume Forecast by Application
10.4.1. Tanker Vessels
10.4.2. Container Vessels
10.4.3. Bulk Vessels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ballast Water Systems Market Size and Volume Forecast by Type
10.7.1. Ballast Capacity:below 1500 m3
10.7.2. Ballast Capacity:1500-5000 m3
10.7.3. Ballast Capacity:Above5000 m3
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ballast Water Systems Demand Share Forecast, 2019-2026
11. Europe Ballast Water Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ballast Water Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ballast Water Systems Market Size and Volume Forecast by Application
11.4.1. Tanker Vessels
11.4.2. Container Vessels
11.4.3. Bulk Vessels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ballast Water Systems Market Size and Volume Forecast by Type
11.7.1. Ballast Capacity:below 1500 m3
11.7.2. Ballast Capacity:1500-5000 m3
11.7.3. Ballast Capacity:Above5000 m3
11.8. Basis Point Share (BPS)Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ballast Water Systems Demand Share, 2019-2026
12. Asia Pacific Ballast Water Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ballast Water Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ballast Water Systems Market Size and Volume Forecast by Application
12.4.1. Tanker Vessels
12.4.2. Container Vessels
12.4.3. Bulk Vessels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ballast Water Systems Market Size and Volume Forecast by Type
12.7.1. Ballast Capacity:below 1500 m3
12.7.2. Ballast Capacity:1500-5000 m3
12.7.3. Ballast Capacity:Above5000 m3
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ballast Water Systems Demand Share, 2019-2026
13. Middle East & Africa Ballast Water Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ballast Water Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ballast Water Systems Market Size and Volume Forecast by Application
13.4.1. Tanker Vessels
13.4.2. Container Vessels
13.4.3. Bulk Vessels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ballast Water Systems Market Size and Volume Forecast by Type
13.7.1. Ballast Capacity:below 1500 m3
13.7.2. Ballast Capacity:1500-5000 m3
13.7.3. Ballast Capacity:Above5000 m3
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ballast Water Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ballast Water Systems Market: Market Share Analysis
14.2. Ballast Water Systems Distributors and Customers
14.3. Ballast Water Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfa Laval
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panasia
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OceanSaver
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Qingdao Sunrui
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JFE Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Qingdao Headway Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Optimarin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyde Marine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Veolia Water Technologies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Techcross
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. S&SYS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ecochlor
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Industrie De Nora
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MMC Green Technology
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wartsila
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NEI Treatment Systems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Mitsubishi Heavy Industries
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Desmi
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Bright Sky
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
