Market Overview:
The global ballast water treatment solutions market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for treated ballast water from the shipping industry, owing to stringent regulations on discharge of untreated ballast water by various countries across the globe. In addition, technological advancements in terms of new and improved methods for treating ballast water are also contributing significantly towards market growth. Based on type, the global ballast water treatment solutions market is segmented into chemical method and physical method. The chemical method dominates the overall market and is expected to maintain its lead throughout the forecast period. This can be attributed to its ability to treat a wide range of contaminants as compared with other methods available in the market.
Product Definition:
A ballast water treatment solution is a fluid or chemical that is used to treat ballast water in order to reduce the number of aquatic organisms and pathogens that are present. Ballast water treatment solutions are important because they help protect aquatic ecosystems from invasive species and diseases.
Chemical Method:
Chemical method is used to treat the effluent water with chemicals. The chemical treatment process involves the use of various chemicals such as chlorine, sodium hypochlorite, and other sulfuric acid based products for treating industrial wastewater. These chemicals are added to the wastewater in order to remove or reduce pollutants present in it.
The major driving factor responsible for growth of this market includes growing demand from end-user industries such as food & beverages.
Physical Method:
Physical method is used to separate solid materials from a liquid mixture by applying shear stress. It can be done using two methods, namely mechanical and fluidized bed. In mechanical physical method, the ballast water is forced through a series of screens by the use of propellers or screws. The particles that are not captured in the screens are washed out with the help of vacuum cleaners and then dried using air pressure or fans.
Application Insights:
The modify ship application segment dominated the global ballast water treatment solutions market in 2017. This is attributed to the rising number of ships requiring ballast water treatment on a regular basis. The new build ship application segment is expected to witness significant growth over the forecast period owing to increasing demand for cruise liners and luxury liner globally.
Ballast water treating plants are designed with state-of-the-art technology and comply with environmental regulations pertaining to discharge of treated effluent into waterways. Moreover, these plants are designed taking into consideration various factors such as size of vessel they will be servicing; volume & type of cargo carried; depth of water; maximum weight capacity etc., which ensures efficient performance even under extreme conditions. All these factors ensure that ships sail away safely without any accidents or incidents at sea while carrying valuable cargoes across oceans and seas around the world every day.
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 stringent regulations by various regulatory bodies, such as U.S.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid development of offshore oil & gas reserves in countries such as India, China.
The Asia Pacific was followed by North America with a share of 23%.
Growth Factors:
- Stringent environmental regulations for the maritime industry to reduce the spread of aquatic invasive species (AIS) by controlling ballast water discharges.
- Increasing demand for BWTS from shipping operators and vessel owners to meet regulatory compliance and avoid hefty fines.
- Growing popularity of hybrid propulsion systems that require BWTS for fuel efficiency and emissions reduction benefits
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballast Water Treatment Solutions Market Research Report
By Type
Chemical Method, Physical Method
By Application
Modify Ship, New Build Ship
By Companies
Alfa Laval, Panasia, TeamTec, Qingdao Sunrui (CSIC), JFE Engineering, NK, Qingdao Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, De Nora, MMC Green Technology, Wartsila, NEI Treatment Systems, Mitsubishi Heavy Industries, Desmi, Bright Sky, Trojan Marinex
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Ballast Water Treatment Solutions Market Report Segments:
The global Ballast Water Treatment Solutions 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
- TeamTec
- Qingdao Sunrui (CSIC)
- JFE Engineering
- NK
- Qingdao Headway Technology
- Optimarin
- Hyde Marine
- Veolia Water Technologies
- Techcross
- Siemens
- Ecochlor
- De Nora
- MMC Green Technology
- Wartsila
- NEI Treatment Systems
- Mitsubishi Heavy Industries
- Desmi
- Bright Sky
- Trojan Marinex
Highlights of The Ballast Water Treatment Solutions 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 Treatment Solutions 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 treatment solutions are a type of wastewater treatment that is used to clean and disinfect the water that is used to cool ships or other vessels.
Some of the major companies in the ballast water treatment solutions market are Alfa Laval, Panasia, TeamTec, Qingdao Sunrui (CSIC), JFE Engineering, NK, Qingdao Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, De Nora, MMC Green Technology, Wartsila, NEI Treatment Systems, Mitsubishi Heavy Industries, Desmi, Bright Sky, Trojan Marinex.
The ballast water treatment solutions market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ballast Water Treatment Solutions 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 Treatment Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballast Water Treatment Solutions 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 Treatment Solutions 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 Treatment Solutions Market Size & Forecast, 2018-2028
4.5.1 Ballast Water Treatment Solutions Market Size and Y-o-Y Growth
4.5.2 Ballast Water Treatment Solutions Market Absolute $ Opportunity
Chapter 5 Global Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Treatment Solutions 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 Treatment Solutions 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 Ballast Water Treatment Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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 Ballast Water Treatment Solutions 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) Ballast Water Treatment Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ballast Water Treatment Solutions 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) Ballast Water Treatment Solutions 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) Ballast Water Treatment Solutions 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 Treatment Solutions Market: Competitive Dashboard
14.2 Global Ballast Water Treatment Solutions 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 TeamTec
14.3.4 Qingdao Sunrui (CSIC)
14.3.5 JFE Engineering
14.3.6 NK
14.3.7 Qingdao Headway Technology
14.3.8 Optimarin
14.3.9 Hyde Marine
14.3.10 Veolia Water Technologies
14.3.11 Techcross
14.3.12 Siemens
14.3.13 Ecochlor
14.3.14 De Nora
14.3.15 MMC Green Technology
14.3.16 Wartsila
14.3.17 NEI Treatment Systems
14.3.18 Mitsubishi Heavy Industries
14.3.19 Desmi
14.3.20 Bright Sky
14.3.21 Trojan Marinex
