Global Ballast Water Treatment System Market, By Technology (Chemical Disinfection, Physical Disinfe

Published Date: | Report Code : EQ1935946

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Global Ballast Water Treatment Market is likely to generate demand over the next seven years. Ballast is any material that provides stability to a vehicle or structure. A ballast tank is used in ships, boats, and any other floating structure. It holds water, which is used as a ballast. As water is much lighter in comparison with its alternatives such as stone or iron ballasts, it is being used more often. This water can also be pumped out when entering shallow regions, thus adjusting the vessel's draft.

The water that is discharged from these ballast tanks creates a harmful impact on marine environments. The discharge water contains several harmful bacteria that are dangerous not only to marine life but also to the human population. The International Maritime Organization (IMO) adopted a convention to control the damage due to the discharge.

Segment Analysis

This ballast water treatment system market has been segmented based on technology and vessel type. Based on technology, the market has been divided into chemical disinfection, physical disinfection, filtration, micro agitation, solid-liquid separation, and others. Physical disinfection is used more, as it offers a higher efficiency rate.

Based on vessel type, the market has been segmented into low ballast dependent vessel and high ballast dependent vessel. The low ballast dependent vessel segment is further segmented into container ships,  general cargo, and others. Similarly, the high ballast dependent vessel segment has been further divided into bulk carriers and tankers.

This market in APAC has been growing significantly, as major countries of this region are engaging in trade via sea.

Key Factors Impacting Market Growth:

  • Increasing concerns over conserving marine life
  • Strict regulations by IMO mandating the installation of the system
  • Increase in international trade

Regional Outlook:

Major regions for the ballast water treatment system market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for the ballast water treatment system owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be chemical disinfection, physical disinfection, filtration, micro agitation, and solid-liquid separation. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the ballast water treatment system market in the North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth in the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, chemical disinfection, physical disinfection, filtration, micro agitation, and solid-liquid separation are estimated to register a high demand for the ballast water treatment system market during the forecast period.

On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the ballast water treatment system market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the ballast water treatment system market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: OceanSaver, Alfa Laval, Panasia, Optimarin, Mitsubishi Heavy Industries, NEI Treatment Systems, and Ecochlor

Market Segmentation:

By Technology:

  • Chemical Disinfection
  • Physical Disinfection
  • Filtration
  • Micro Agitation
  • Solid-liquid Separation
  • Others

By Vessel Type:

  • Low Ballast Dependent Vessel
    • Container Ships
    • General Cargo
    • Others
  • High Ballast Dependent Vessel
    • Bulk Carriers
    • Tankers

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Technology
    • By Vessel Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Technology
    • By Vessel Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Technology
    • By Vessel Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Technology
    • By Vessel Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Technology
    • By Vessel Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Technology
    • By Vessel Type

Reasons to Buy This Report:

  • Market size estimation of the global ballast water treatment system market on a regional and global basis
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  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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