Market Overview:
The global ships ballast water system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for newbuild and modified ships, especially in the Asia Pacific region. In terms of type, the chemical method segment is expected to hold a major share of the global ships ballast water system market during the forecast period. This can be attributed to its ability to kill microorganisms and pathogens in water through chemical disinfection.
Product Definition:
A ballast water system is a system on a ship used to maintain stability by pumping water in and out of the ship's hull.
Chemical Method:
Chemical methods are used to treat ship's ballast water. It is a process where chemicals are added or injected into the water for treating specific problems such as scaling, corrosion, and fouling. The method is mostly used in fresh water but can also be applied to seawater.
The treatment of ship’s ballast with chemicals helps in making the vessel stable.
Physical Method:
Physical method is used to treat ship's ballast water system. It consists of processes like flushing, decantation and replacement of fresh water with salt or brine solution. This process helps in maintaining the salinity level and also prevents corrosion in equipment installed for producing electricity by using steam produced by heating saltwater.
Application Insights:
The modify ship application segment led the global ships ballast water system market in 2017 and is projected to maintain its dominance over the forecast period. This can be attributed to growing demand for modified vessels from various industries, such as oil & gas, marine services, and others. The new build ship application segment is expected to witness considerable growth over the forecast period owing to increasing investments by governments in R&D for developing advanced ships that are capable of operating on long voyages with minimal crew members.
Ballast Water Management System (BWMS) is a type of Ballast Control System (BCS) used on oceangoing vessels that operate across multiple ports/stations.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region has been witnessing increasing cases of pollution in water bodies, which has resulted in increased awareness regarding SWS among environmental agencies and governments. This is likely to boost demand for ballast water systems across this region during the forecast period.
The European market was valued at USD X million in 2017 owing to strict regulations about discharge of pollutants into aquatic ecosystems by ships operating within this region. However, these stringent norms are not followed rigorously by other maritime nations across this globe due to lack of monitoring systems on board ships or absence of penalties for non-compliance with such norms (in case they are followed). This factor is anticipated to hamper growth prospects for marine sanitation facilities over here during the projected time frame.
North America accounted for a significant share within the global industry as U.S.
Growth Factors:
- Increasing demand for maritime transportation: 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 the growth of international trade and globalization. This will result in an increase in demand for maritime transportation, which will drive the growth of the ships ballast water system market.
- Stringent environmental regulations: Governments across the world are increasingly implementing stringent environmental regulations to protect marine ecosystems from aquatic invasive species (AIS). These regulations are mandating shipowners to install BWTSs on their vessels, thereby driving the growth of this market.
- Technological advancements: The ships ballast water system market is witnessing rapid technological advancements with companies introducing new and innovative products into this market. This is resulting in increased efficiency and reduced installation time for BWTSs, which is driving their adoption among shipowners worldwide.
- Growing awareness about AIS: There has been a significant increase in awareness about AIS among shipping communities over recent years owing to increasing incidents of AIS-related damage to marine ecosystems around the world .This is resulting in an increase in demand for BWTSs as they can effectively mitigate these risks by preventing aquatic invasive species from entering into marine ecosystems .This will drivethegrowthoftheshipsballastwatersystemmarketin thenear future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ships Ballast Water System 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 Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, Industrie 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Ships Ballast Water System Market Report Segments:
The global Ships Ballast Water System 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 Headway Technology
- Optimarin
- Hyde Marine
- Veolia Water Technologies
- Techcross
- Siemens
- Ecochlor
- Industrie De Nora
- MMC Green Technology
- Wartsila
- NEI Treatment Systems
- Mitsubishi Heavy Industries
- Desmi
- Bright Sky
- Trojan Marinex
Highlights of The Ships Ballast Water System 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 Ships Ballast Water System 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?
The Ships Ballast Water System is a watertight system that is used to store water on board ships. The system consists of tanks, pumps, and pipes that are connected to the ship's hull. The tanks are filled with fresh water and seawater, and the pumps remove salt from the seawater while the pipes distribute it throughout the ship.
Some of the major companies in the ships ballast water system market are Alfa Laval, Panasia, OceanSaver, Qingdao Sunrui, JFE Engineering, NK, Qingdao Headway Technology, Optimarin, Hyde Marine, Veolia Water Technologies, Techcross, Siemens, Ecochlor, Industrie De Nora, MMC Green Technology, Wartsila, NEI Treatment Systems, Mitsubishi Heavy Industries, Desmi, Bright Sky, Trojan Marinex.
The ships ballast water system 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. Ships Ballast Water System 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. Ships Ballast Water System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ships Ballast Water System Market - Supply Chain
4.5. Global Ships Ballast Water System Market Forecast
4.5.1. Ships Ballast Water System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ships Ballast Water System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ships Ballast Water System Market Absolute $ Opportunity
5. Global Ships Ballast Water System 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. Ships Ballast Water System Market Size and Volume Forecast by Type
5.3.1. Chemical Method
5.3.2. Physical Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ships Ballast Water System 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. Ships Ballast Water System Market Size and Volume Forecast by Application
6.3.1. Modify Ship
6.3.2. New Build Ship
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ships Ballast Water System 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. Ships Ballast Water System 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 Ships Ballast Water System 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. Ships Ballast Water System 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 Ships Ballast Water System Demand Share Forecast, 2019-2026
9. North America Ships Ballast Water System 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 Ships Ballast Water System 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 Ships Ballast Water System Market Size and Volume Forecast by Application
9.4.1. Modify Ship
9.4.2. New Build Ship
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ships Ballast Water System Market Size and Volume Forecast by Type
9.7.1. Chemical Method
9.7.2. Physical Method
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 Ships Ballast Water System Demand Share Forecast, 2019-2026
10. Latin America Ships Ballast Water System 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 Ships Ballast Water System 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 Ships Ballast Water System Market Size and Volume Forecast by Application
10.4.1. Modify Ship
10.4.2. New Build Ship
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ships Ballast Water System Market Size and Volume Forecast by Type
10.7.1. Chemical Method
10.7.2. Physical Method
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 Ships Ballast Water System Demand Share Forecast, 2019-2026
11. Europe Ships Ballast Water System 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 Ships Ballast Water System 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 Ships Ballast Water System Market Size and Volume Forecast by Application
11.4.1. Modify Ship
11.4.2. New Build Ship
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ships Ballast Water System Market Size and Volume Forecast by Type
11.7.1. Chemical Method
11.7.2. Physical Method
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1110. 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 Ships Ballast Water System Demand Share, 2019-2026
12. Asia Pacific Ships Ballast Water System 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 Ships Ballast Water System 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 Ships Ballast Water System Market Size and Volume Forecast by Application
12.4.1. Modify Ship
12.4.2. New Build Ship
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ships Ballast Water System Market Size and Volume Forecast by Type
12.7.1. Chemical Method
12.7.2. Physical Method
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 Ships Ballast Water System Demand Share, 2019-2026
13. Middle East & Africa Ships Ballast Water System 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 Ships Ballast Water System 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 Ships Ballast Water System Market Size and Volume Forecast by Application
13.4.1. Modify Ship
13.4.2. New Build Ship
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ships Ballast Water System Market Size and Volume Forecast by Type
13.7.1. Chemical Method
13.7.2. Physical Method
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 Ships Ballast Water System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ships Ballast Water System Market: Market Share Analysis
14.2. Ships Ballast Water System Distributors and Customers
14.3. Ships Ballast Water System 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. Siemens
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
