Market Overview:
The global ship ballast water systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as stringent environmental regulations for the treatment of ballast water and an increase in maritime trade. Based on type, the global ship ballast water systems market is segmented into ultra-violet, electrochemical and others. Ultra-violet is expected to be the fastest growing segment during the forecast period owing to its ability to disinfect water quickly and effectively. Based on application, bulk vessels are expected to account for a majority of the market share during the forecast period followed by container vessels and tanker vessels. North America is estimated to hold a major share of the global ship ballast water systems market in 2018 followed by Europe, Asia Pacific and Latin America respectively.
Product Definition:
The ballast water system on a ship is responsible for taking in and discharging water to maintain the vessel's stability. Ballast tanks are used to adjust a ship's draft (the depth of the vessel below the surface of the water) and trim (the angle at which a ship sits in the water).
Ultra-Violet:
Ultra-Violet (UV) is a part of the electromagnetic spectrum with a longer wavelength than visible light, but shorter than X-rays. UV is subdivided into two types - UVC and UVB, based on their wavelengths. UVC has a wavelength of 200 -280 nm and can cause sunburn like effects on human skin if it's exposure is prolonged; while UVB has a wavelength of 280 -320 nm and causes damage to plant cells.
Electrochemical:
Electrochemical is the branch of chemistry that deals with chemical reactions between two or more electrodes and an electrolyte. In a ship's ballast water system, electrochemical processes are used to treat waste water generated in the course of loading and unloading at ports. Electrolytic treatment can be carried out in several ways; however, most systems use a single-pass method where saltwater is passed through a copper coil wound around an iron core.
Application Insights:
Bulk vessels accounted for the largest share of over 60.0% in 2017 and are expected to witness significant growth owing to rising demand from the energy sector. The growing importance of efficient ballast water treatment systems that ensure high water clarity across various industries is projected to drive industry growth over the forecast period.
Container vessels are widely used for international trade activities such as import and export of containers between different countries, which require sea travel by these containers. Container ships transport around 200-600 boxes (20'-40' long) on a single ship, depending upon its capacity and type; thus increasing demand for ballast water treatment systems that can resist corrosion caused by saltwater in combination with fresh or brackish water is anticipated to propel market growth during the estimated time frame.
Regional Analysis:
Asia Pacific dominated the global ship ballast water systems market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing port activities in China, India, Singapore, and Malaysia. Moreover, rising trade with countries such as Japan and South Korea is anticipated to drive demand for these systems over the next eight years.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in 2016 owing to growing port activities mainly in Italy and Spain coupled with increased trade between European countries such as Germany, France UK etcetera.
Growth Factors:
- Increasing demand for maritime transport: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by globalization and increasing trade among countries. This will result in an increase in demand for maritime transport, which will subsequently drive the growth of the ship ballast water systems market.
- Stringent regulations on ballast water discharge: In order to prevent aquatic invasive species from entering into new ecosystems, various governments have been implementing stringent regulations on ballast water discharge from ships. Such regulations are expected to drive the growth of the ship ballast water systems market as shipping companies invest in such systems to ensure compliance with regulatory norms.
- Growing awareness about environmental impact of aquatic invasive species: There is a growing awareness among people about the environmental impact caused by aquatic invasive species and this is resulting in an increase in demand for ship ballast water treatment systems worldwide. This trend is likely to continue over the forecast period, driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Ballast Water Systems Market Research Report
By Type
Ultra-Violet, Electrochemical, Others
By Application
Bulk Vessels, Container Vessels, Tanker 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Ship Ballast Water Systems Market Report Segments:
The global Ship Ballast Water Systems market is segmented on the basis of:
Types
Ultra-Violet, Electrochemical, Others
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
Bulk Vessels, Container Vessels, Tanker 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 Ship 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:
- Ultra-Violet
- Electrochemical
- Others
- By Application:
- Bulk Vessels
- Container Vessels
- Tanker 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 Ship 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?
Ship ballast water systems are used to distribute weight evenly across a ship's hull in order to maintain stability. The water is circulated through tanks and pumps, and then released into the ocean or another body of water.
Some of the major companies in the ship 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 ship ballast water systems market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ship 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. Ship 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. Ship Ballast Water Systems Market - Supply Chain
4.5. Global Ship Ballast Water Systems Market Forecast
4.5.1. Ship Ballast Water Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ship Ballast Water Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ship Ballast Water Systems Market Absolute $ Opportunity
5. Global Ship 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. Ship Ballast Water Systems Market Size and Volume Forecast by Type
5.3.1. Ultra-Violet
5.3.2. Electrochemical
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ship 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. Ship Ballast Water Systems Market Size and Volume Forecast by Application
6.3.1. Bulk Vessels
6.3.2. Container Vessels
6.3.3. Tanker Vessels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ship 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. Ship 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 Ship 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. Ship 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 Ship Ballast Water Systems Demand Share Forecast, 2019-2026
9. North America Ship 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 Ship 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 Ship Ballast Water Systems Market Size and Volume Forecast by Application
9.4.1. Bulk Vessels
9.4.2. Container Vessels
9.4.3. Tanker Vessels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ship Ballast Water Systems Market Size and Volume Forecast by Type
9.7.1. Ultra-Violet
9.7.2. Electrochemical
9.7.3. Others
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 Ship Ballast Water Systems Demand Share Forecast, 2019-2026
10. Latin America Ship 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 Ship 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 Ship Ballast Water Systems Market Size and Volume Forecast by Application
10.4.1. Bulk Vessels
10.4.2. Container Vessels
10.4.3. Tanker Vessels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ship Ballast Water Systems Market Size and Volume Forecast by Type
10.7.1. Ultra-Violet
10.7.2. Electrochemical
10.7.3. Others
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 Ship Ballast Water Systems Demand Share Forecast, 2019-2026
11. Europe Ship 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 Ship 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 Ship Ballast Water Systems Market Size and Volume Forecast by Application
11.4.1. Bulk Vessels
11.4.2. Container Vessels
11.4.3. Tanker Vessels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ship Ballast Water Systems Market Size and Volume Forecast by Type
11.7.1. Ultra-Violet
11.7.2. Electrochemical
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Tye
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 Ship Ballast Water Systems Demand Share, 2019-2026
12. Asia Pacific Ship 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 Ship 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 Ship Ballast Water Systems Market Size and Volume Forecast by Application
12.4.1. Bulk Vessels
12.4.2. Container Vessels
12.4.3. Tanker Vessels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ship Ballast Water Systems Market Size and Volume Forecast by Type
12.7.1. Ultra-Violet
12.7.2. Electrochemical
12.7.3. Others
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 Ship Ballast Water Systems Demand Share, 2019-2026
13. Middle East & Africa Ship 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 Ship 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 Ship Ballast Water Systems Market Size and Volume Forecast by Application
13.4.1. Bulk Vessels
13.4.2. Container Vessels
13.4.3. Tanker Vessels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ship Ballast Water Systems Market Size and Volume Forecast by Type
13.7.1. Ultra-Violet
13.7.2. Electrochemical
13.7.3. Others
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 Ship Ballast Water Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ship Ballast Water Systems Market: Market Share Analysis
14.2. Ship Ballast Water Systems Distributors and Customers
14.3. Ship 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
