Market Overview:
The global ballast water market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the global ballast water market can be attributed to the increasing maritime trade and globalization, stringent environmental regulations for the discharge of ballast water, and rising demand for newbuild ships and retrofit ships. Based on type, the chemical method segment is projected to lead the global ballast water market during the forecast period.
Product Definition:
Chemical Method:
Chemical method is used to treat wastewater and is a cost-effective process as compared to the physical treatment methods. Chemical methods are extensively used for industrial wastewater treatment owing to its several advantages such as it does not require any energy source, can be operated at low temperatures, and has the ability to remove organic substances from effluent.
The chemical method includes oxidation processes (reducing), acidification (oxidizing),.
Physical Method:
Physical method is used to separate solid materials from the liquid ballast water. It is a mechanical process which involves two steps, namely; collection and concentration. The collected material is dried & concentrated at a high temperature in order to obtain maximum yield of solids and minimum yield of liquid.
The physical method has gained wide acceptance as it provides an efficient way for separating solids from liquids in commercial quantities with minimum energy consumption and maximum recovery rate.
Application Insights:
The modify ship application segment led the global ballast water market in 2017 and is projected to witness significant growth over the forecast period. The major modification done in ships according to this method includes dewatering, desalination, and disinfection of ballast water.
The new build ship application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to growing demand for large capacity ships from various industries such as oil & gas, containerized cargo, bulk carriers among others. In addition, rising R&D investments by various industry participants are likely to result in technological advancements that will further propel growth over the coming years.
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 offshore drilling activities and rising marine transportation in North America. In addition, growing awareness regarding ballast water treatment is anticipated to drive demand for these systems over the next eight years.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to rapid economic development along with increased spending on defense by various countries such as China and India which are likely boost industry growth across this region significantly over next few years.
The European market was valued at USD X million in 2017.
Growth Factors:
- Stringent environmental regulations for the maritime industry to reduce the spread of aquatic invasive species (AIS) by controlling ballast water discharges.
- Increasing global trade and seaborne traffic, which is expected to drive the demand for ballast water management systems (BWMS).
- The increasing popularity of ocean-going cruise ships and recreational boats, which will lead to an increase in demand for BWMSs.
- The growing awareness among shipowners of the importance of complying with environmental regulations governing ballast water management, leading to an increase in demand for BWMSs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballast Water Market Research Report
By Type
Chemical Method, Physical Method
By Application
Modify Ship, New Build Ship
By Companies
Alfa Laval, Panasia, OceanSaver, Qingdao Sunrui, JFE Engineering, Nk, Qingdao HeadwayTechnology, Optimarin, HydeMarine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, Industrie De Nora, MMcGreenTechnology, Wartsila, NEI Treatment Systems, Mitsubishi HeavyIndustries, Desmi, Bright Sky, TrojanMarinex
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Ballast Water Market Report Segments:
The global Ballast Water market is segmented on the basis of:
Types
Chemical Method, Physical Method
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
Modify Ship, New Build Ship
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 HeadwayTechnology
- Optimarin
- HydeMarine
- Veolia Water Technologies
- Techcross
- Siemens
- Ecochlor
- Industrie De Nora
- MMcGreenTechnology
- Wartsila
- NEI Treatment Systems
- Mitsubishi HeavyIndustries
- Desmi
- Bright Sky
- TrojanMarinex
Highlights of The Ballast Water 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:
- Chemical Method
- Physical Method
- By Application:
- Modify Ship
- New Build Ship
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is water that is added to a ship or boat in order to maintain its balance and direction.
Some of the major players in the ballast water market are Alfa Laval, Panasia, OceanSaver, Qingdao Sunrui, JFE Engineering, Nk, Qingdao HeadwayTechnology, Optimarin, HydeMarine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, Industrie De Nora, MMcGreenTechnology, Wartsila, NEI Treatment Systems, Mitsubishi HeavyIndustries, Desmi, Bright Sky, TrojanMarinex.
The ballast water market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ballast Water Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ballast Water Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballast Water Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ballast Water Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ballast Water Market Size & Forecast, 2020-2028
4.5.1 Ballast Water Market Size and Y-o-Y Growth
4.5.2 Ballast Water Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical Method
5.2.2 Physical Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Modify Ship
6.2.2 New Build Ship
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ballast Water Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ballast Water Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical Method
9.6.2 Physical Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Modify Ship
9.10.2 New Build Ship
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical Method
10.6.2 Physical Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Modify Ship
10.10.2 New Build Ship
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical Method
11.6.2 Physical Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Modify Ship
11.10.2 New Build Ship
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical Method
12.6.2 Physical Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Modify Ship
12.10.2 New Build Ship
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical Method
13.6.2 Physical Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Modify Ship
13.10.2 New Build Ship
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ballast Water Market: Competitive Dashboard
14.2 Global Ballast Water Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfa Laval
14.3.2 Panasia
14.3.3 OceanSaver
14.3.4 Qingdao Sunrui
14.3.5 JFE Engineering
14.3.6 Nk
14.3.7 Qingdao HeadwayTechnology
14.3.8 Optimarin
14.3.9 HydeMarine
14.3.10 Veolia Water Technologies
14.3.11 Techcross
14.3.12 Siemens
14.3.13 Ecochlor
14.3.14 Industrie De Nora
14.3.15 MMcGreenTechnology
14.3.16 Wartsila
14.3.17 NEI Treatment Systems
14.3.18 Mitsubishi HeavyIndustries
14.3.19 Desmi
14.3.20 Bright Sky
14.3.21 TrojanMarinex
