Global Ballast Water Treatment Systems Market Research Report 2019-2026
Summary - A new market study, titled “Global Ballast Water Treatment Systems Market -2019-2026 ” has been featured on WiseGuyReports.
Global Ballast Water
Treatment Systems Market Overview
The Global Ballast Water Treatment Systems
Market is valued at $ XX million in 2018 and is expected to grow at a CAGR of
XX% in the forecast period 2019-2026 to reach a value of $ XX million by 2026.
Global Ballast Water Treatment Systems Market –
Market Dynamics
Increasing awareness about the conservation of
marine life, stringent regulations imposed by the International Maritime
Organization (IMO) upon the spread of harmful organisms into the marine
environment and regulations upon the installation of water treatment services
for ships are the major factors boosting the growth of the global Ballast Water
Treatment Systems market
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Ballast water is comprised of pathogens, disease causing
organisms and aquatic microbes which are very harmful to the aquatic life.
Release of this untreated ballast water poses a greater risk to the aquatic
ecosystem. The International Maritime Organization imposed the creation of the
International Convention for the Control and Management of Ships' Ballast Water
and Sediments, 2004, which entered into force globally on 8 September 2017.
This convention stated that from 8 September 2017, ships must manage their
ballast water so that aquatic organisms and pathogens are removed or rendered
harmless before the ballast water is released into a new location. This will
help prevent the spread of invasive species as well as potentially harmful
pathogens. All the ships have to carry a ballast water management plan, a
ballast water record book and an International Ballast water management
certificate. Such regulations imposed upon the treatment of ballast water have
led to the installation of ballast water treatment systems and is one of the
critical factors responsible for the growth of the global ballast water
treatment systems market.
However, very high costs of ballast water treatment equipment
and volatile prices of raw materials are the primary factors restraining the
growth of the Ballast water treatment market.
Global Ballast Water Treatment Systems Market – Segment Analysis
Based on the technology, the market is segmented as physical dis-infection,
chemical method and mechanical method.
The physical dis-infection method is the dominant segment of the global ballast
water treatment market owing to the convenience and effectiveness of this
method. Disinfection is the process of elimination of most pathogenic
microorganisms (excluding bacterial spores) on inanimate objects. Physical
disinfection processes such as sterilization using sunlight, sterilization
using action of heat, UV sterilization, radiation, filtration and Ultrasonic
vibrational methods are proven to be effective in eliminating 99% of pathogenic
micro-organisms . This dis-infection process does not require raw materials in
huge quantities and is majorly preferred by many manufacturers as the primary
water treatment method and is expected to dominate the global Ballast Water
Treatment Systems market in the future.
Based on the ship type, the market is segmented as container ships, general
cargos, tankers, carriers, others (dry bulk ships). The container ships segment
is the dominant segment of the global Ballast Water Treatment Systems segment
of the global Ballast Water Treatment Systems market due to the increasing
global trade activities. The United Nations Conference on Trade and Development
(UNCTAD) estimates that the operation of merchant ships contributes about
US$380 billion in freight rates within the global economy, equivalent to about
5% of total world trade. World seaborne trade volumes expanded by 2.6 per cent,
up from 1.8 per cent in 2015. This has spurred the demand for container ships
and is a crucial factor boosting the container ships segment to dominate the
global Ballast Water Treatment Systems market in the future.
Global Ballast Water Treatment Systems Market– Geographical Analysis
The Global Ballast Water Treatment Systems Market is segmented into North
America, Europe, Asia Pacific, South America and Middle East and Africa. The
Asia Pacific region is further segmented into the countries such as China,
Japan, India, South Korea, Australia, and Rest of Asia-Pacific. The Asia
Pacific region is the dominant segment in the Global Ballast Water Treatment
Systems Market owing to the increasing trade activities by sea in countries such
as China, Hong Kong, Japan and Singapore. According to the statistics published
by The United Nations Conference on Trade and Development (UNCTAD), the Asia
Pacific region’s total loaded goods which were traded via sea increased from
3882.9 million tons in 2015 to 3923.0 million tons in 2016. The total unloaded
goods amounted to 809.6 million tons in 2015 which increased to 899.7 million
tons in 2016. The increasing trade activities in the Asia Pacific region has
led to the deployment of more fleet of cargo ships and carriers which are in
turn boosting the demand for ballast water treatment installations on board.
Global Ballast Water Treatment Systems Market– Competitive Analysis
New product launches, expansion of facilities, mergers and acquisitions and
strategic partnerships are vital strategies adopted by most of the companies to
contribute to the growth of the company and improve their market growth rate.
For instance, in April 2019, Israeli-based Atlantium
Technologies is readying its proprietary ballast water management system (BWMS)
for a full commercial launch before the end of this year, as the UV-based
system is undergoing a shipboard testing on a Zim mid-sized container.
Moreover, in March 2019, ALFA LAVAL signed an agreement with
Europe-based shipping company, TORM to fit the ballast water treatment system
by Alfa Laval across the 36 existing product tankers in its fleet.
Why Purchase the Report?
• Visualize the composition of the Global Ballast Water Treatment Systems
Market across each indication, in terms of type and medications options,
highlighting the key commercial assets and players.
• Identify commercial opportunities in Global Ballast Water Treatment Systems
Market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Global Ballast Water
Treatment Systems Market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after
exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key products of all major market players
Target Audience:
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
FOR MORE
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