Global Ships Ballast Water System Market By Technology Type (Physical Disinfection, Ultraviolet (UV) Light, Cavitation /Ultrasounds, De-oxygenation and Others), By Application (New Ship Builds, Refurbished Vessels) and By Regions - Global Forecast 2030

“Global Ships Ballast Water System Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global ships ballast water system market has been segmented on the basis of product type, technology, as well as regions and countries.

Request Covid - 19 Impact

The Global Ships Ballast Water System Market was valued at UЅD $5,821.3 Мn in 2020, and is projected to achieve a valuation of UЅD $10,932.6 Мn by 2030, at a САGR of 7.8%.

Overview:

Ballast Water Treatment System (BWTS) is a system designed to remove and destroy/inactive biological organisms such as algae, zooplankton, bacteria, etc., from ballast water. A ballast water system allows a ship to pump water in-and-out of very large tanks to compensate for a change in cargo load, weather, or shallow draft conditions. This system is essential for the safe operation of a ship, however, the operation of these systems poses a significant threat to local eco-systems and their respective economies.

Dynamics:

The increasing requirement for efficient ballast water systems in order to effectively operate ships during their respective voyages, as well as the steady increase in the number of ships operating across the world are some of the primary factors that are expected to continue to fuel the revenue growth of the global ships ballast water systems market over the next decade. Moreover, one of the main purposes that these systems serve is to protect the vessel by removing or preventing the build-up of various organisms, thereby, increasing the longevity of a given vessel’s operational capabilities. This is also a factor that is slated to have a positive influence on the market growth of this global industry in the coming years.

Furthermore, the growing demand for Ultraviolet Radiation (UVR) systems to be used in conjunction with mechanical filters owing to the several benefits they offer such as, they do not produce harmful chemical agents or toxic gases, are not dependent on seawater salinity, and do not require additional space to store chemicals, etc. This is another major factor that is expected to further augment the revenue growth of the global ships ballast water systems market in the years to come.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global ships ballast water system market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. In addition, the enforcement of stringent guidelines and regulations by respective governing authorities is also a factor that could potentially restrain the revenue growth of the global ships ballast water system market in the near future.

Nevertheless, increasing investments being made by key industry players towards the development of advanced and technologically innovative ballast water systems is a factor that is anticipated to have a positive impact on the revenue growth of the global ships ballast water system market in the foreseeable future.

Segmentation of the Global Ships Ballast Water System Market is as follows:

In terms of technology type, the physical disinfection segment accounted for the maximum number of revenue shares of the global ships ballast water system market in 2020, and this segment is expected to continue doing so over the forecast period. The mechanical method segment is also anticipated to index a high CAGR over the next 10 years.

On the basis of application, the new ship builds segment accounted for the maximum number of revenue shares of the global ships ballast water system market in 2020, and this segment is slated to continue to do so over the next 10 years. The refurbished vessels segment is also expected to register a high CAGR over the forecast period.

Regional Segmentation and Analysis:

Markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global ships ballast water system market in 2020, and is indicative of retaining its respective market position over the next decade. The markets in Europe are also anticipated to index a high CAGR over the course of the forecast period.

Segmentation of the Global Ships Ballast Water System Market:

Segmentation by Technology Type:

• Physical Disinfection
• Ultraviolet (UV) Light
• Cavitation /Ultrasounds
• De-oxygenation
• Mechanical Method
• Filtration
• Cyclonic Separation
• Electro-mechanical Separation
• Chemical Method
• Disinfecting biocides
• Electrolytic chlorination

Segmentation by Application:

• New Ship Builds
• Refurbished Vessels

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA