Global Ships Ballast Water Treatment Systems Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
12th August 2019
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- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global ships ballast water treatment systems market is expected to be valued around US$ 10 Billion in 2029 and is projected to register a CAGR of 7.2% over the 10-year period. The ships ballast water treatment system market report has been segmented on the basis of technology type, application, and region.
Global Ships Ballast Water System: Overview
Ships ballast water system is used to separate suspended solid particles and marine organisms from the ballast water. Ballast water is important for safe and efficient modern shipping operations, but it may pose severe ecological, economic, and health issues owing to the multitude of marine species which are carried in ballast water of ships. The ballast water may include microbes, bacteria, small invertebrates, cysts, eggs, and larvae of different species. The species that are transferred may survive in order to establish a reproductive population in the host environment. The species may become invasive and highly competitive with the native species, multiplying the proportion of pests. This poses great threat to the marine ecosystem. The aquatic species has increased bio-invasion at an alarming rate. Thus it is important to implement ballast water treatment system and ballast water management plan on ships boarded. There are various types of treatment technologies such as physical separation, chemical disinfection, ultra-violet treatment, deoxygenation treatment, thermal treatment, cavitation treatment, pulse plasma systems, and magnetic field treatment.
Dynamics: Global Ships Ballast Water Treatment Systems Market
Increasing demand for ballast water systems owing to maintain safe and efficient operating conditions throughout a voyage is a major factor projected to drive growth of the target market in the near future.
The ships ballast water system is used as a treatment system in order to remove various organisms including bacteria and viruses, and the adult and larval stages of the many marine and coastal plants and animals from the ballast water. It is important to treat the ballast water as it can pose serious ecological, economic, and health threats through the transfer of invasive aquatic species inadvertently. This is another factor expected to propel revenue growth of the global market during the forecast period.
Growing demand for Ultraviolet Radiation (UVR) systems is among some of the other factors driving growth of the target market. The UVR systems are successful procedure of Ballast Water Treatment (BWT). The efficiency of UVR depends on the dosage of UVR applied. UVR is generally combined with mechanical cleaner, which can be separated or integrated in UVR equipment without further filtration. In addition, they do not require additional space for storing chemicals nor produce toxic gases or harmful chemical agents, and also not dependent on seawater salinity. They are simple to use and maintain.
Technological advancements for ballast water exchange and treatment along with effectiveness on ballast water organisms, eco-friendly, safety of crew, cost effectiveness, and ease of installation and operation is a factor expected to support revenue growth of the global ships ballast water treatment system market.
Implementation of stringent regulations and guidelines for safety and security, impact on environment, and emissions control could challenge growth of the market to a certain extent. Stringent regulations for preventing pathogens and unwanted aquatic organisms from ballast water of ships and sediment discharge. In addition, guidelines for management and controlling of ship’s ballast water to minimize the transfer of harmful aquatic organisms and pathogens.
According to International Maritime Organization (IMO) procedure for approval of ballast water management systems that make use of Active Substances (G9). The G9 procedure consists of a two-tier process to ensure that the ballast water management system does not pose any risk to the environment, human health, property or resources.
Opportunity Map Analysis:
Global Ships Ballast Water Treatment Systems Market Segment Analysis:Going by an optimistic scenario, the global ships ballast water treatment system market revenue is projected to expand at a CAGR of over 8% and reach a value of over US$ 13,000 Mn in 2029. Considering a likely scenario, the global market revenue is expected to expand at a CAGR of 7.2% and reach a value of around US$ 10,000 Mn. While a conservative scenario would result in the global ships ballast water treatment system market registering a CAGR of around 5% and value of around US$ XX Mn over the 10-year period.
By Technology Type: The physical disinfection segment is expected to register highest revenue growth rate of over 8% as compared to the other technology type segments.
By Application: The refurbished vessels segment is projected to register higher growth rate of more than 7.7%. The new ship builds segment is projected to dominate in the global market in 2019, and continue with the dominance for the next 10 years.
Global Ships Ballast Water Treatment Systems Market: Analysis by Region:
In terms of revenue, the Asia Pacific ships ballast water treatment system market is projected to dominate the other regional markets over the 10-year period. Also, the Asia Pacific market is projected to register highest CAGR of more than 7.9% in the global market. Europe market is expected to account for second-highest share in terms of revenue, followed by the North America market.
Revenue share from markets in Latin America and Middle East & Africa is projected to be comparatively low in the global market; however, revenue growth rates are expected to remain steady.
Key Developments by Companies:
Veolia Environment SA (Veolia Water Technologies)
Veolia Environment SA operates utility and public transportation businesses. The Company supplies drinking water, provides waste management services, manages and maintains heating and air conditioning systems, and operates rail and road passenger transportation systems.
Contracts/Agreements; In March, Veolia Middle East signed a renewal contract with BP for a reverse osmosis raw water treatment plant in Oman’s Khazzan tight gas field.
Financing Agreements; In May, Veolia invested GBP1 million in its Dagenham Plastic Recycling center in London, UK.
Contracts/Agreements; In January, Veolia secured a wastewater public service contract for Cannes Pays de Lerins.
Contracts/Agreements; In February, Veolia secured a contract from Greater Nimes to manage Greater Nimes' water and sanitation service.
Acquisitions/Mergers/Takeovers; In June, the company acquired 75.01% stake in Núcleo de Gestão de Infraestrutura Engenharia e Serviço.
Contracts/Agreements; In July, Veolia secured a US$170 million contract from Wellington Water to maintain and operate Wellington's four wastewater treatment plants.
Contracts/Agreements; In January, the company received a renewal contract from the city of Saint-Pierre to control public drinking water and wastewater services.
Acquisitions/Mergers/Takeovers; In August, Veolia plans to acquire a share in Rosvodokanal in Russia.
Global Ships Ballast Water System Market Segmentation:
By Technology Type:
- Physical Disinfection
- Mechanical Method
- Chemical Method
- New Ship Builds
- Refurbished Vessels
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Hitachi, Ltd.
- Danaher Corporation
- Wärtsilä Oyj Abp
- Panasia Co. Ltd.
- Industrie De Nora S.p.A
- Damen Shipyards Group (DAMEN Green Solutions)
- ALFA LAVAL
- Evoqua Water Technologies Corp.
- Kuraray Co., Ltd (Calgon Carbon Corporation)
- Veolia Environment SA (Veolia Water Technologies)
- NK Co. Ltd.
- China Shipbuilding Industry Corp (SunRui Marine Environment Engineering Co. Ltd.)
- Optimarin SA
- TeamTec AS
- JFE Engineering Corporation
- Entravision Communications Corporation
- Ecochlor Inc.
- HAVYARD GROUP ASA
- Wuxi Brightsky Electronic Co. Ltd.
- NEI Treatment Systems
- MH Systems Inc.
- Techcross Inc.
- DESMI A/S
- Chapter 1 Global Ships Ballast Water System Market Overview
- 1.1 Introduction
- 1.2 Segmentation for global ships ballast water system market, based on Technology Type, Application and Region
- 1.3 Drivers for Global Ships Ballast Water System Market
- 1.4 Restraints for Global Ships Ballast Water System Market
- 1.5 Opportunities for Global Ships Ballast Water System Market
- 1.6 Trends for Global Ships Ballast Water System Market
- 1.7 Macro-economic Factors
- 1.8 Opportunity Map Analysis
- 1.8.1 Optimistic Scenario
- 1.8.2 Likely Scenario
- 1.8.3 Conservative Scenario
- 1.9 Opportunity Orbits
- 1.10 Market Investment Feasibility Index
- 1.11 PEST Analysis
- 1.12 PORTER’S Five Force Analysis
- Chapter 1 Global Ships Ballast Water System Market Overview
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