Oil Discharge Monitoring Equipment Market

Oil Discharge Monitoring Equipment Market Outlook (2022-2032)

Worldwide sales of oil discharge monitoring equipment are set to account for US$ 212.2 Mn in 2022. Expanding at a steady CAGR of 4.8%, the global oil discharge monitoring equipment market is expected to reach US$ 340 Mn by the end of 2032.

Report Attributes	Details
Oil Discharge Monitoring Equipment Market Size (2021A)	US$ 203.5 Mn
Estimated Market Value (2022E)	US$ 212.2 Mn
Forecasted Market Value (2032F)	US$ 340 Mn
Global Market Growth Rate (2022-2032)	4.8% CAGR
East Asia Market Share (2021)	~36.8%
MEA Market Growth Rate (2022-2032)	5.9% CAGR
China Market Growth Rate (2022-2032)	5.2% CAGR
Market Share of Top 5 Companies	~34%
Key Companies Profiled	KSB Group Bestobell AquaTronix Insatech A/S Fuente International Co., Ltd. VAF Instruments JOWA

As per the latest analysis by Fact.MR, oil discharge monitoring equipment accounted for 1.2% of the global ship equipment market value in 2021. With the global oil discharge monitoring equipment (ODME) market forecast to reach a valuation of US$ 340 Mn by 2032-end, this market share is expected to climb to around 2%-2.5%. This growth in share is mainly due to increased shipbuilding and ship maintenance activities across the world.

According to the detailed analysis, approximately 10,200 units of oil discharge monitoring equipment were sold through the OEM and aftermarket distribution channel in 2021. In addition, bulk carriers accounted for the highest demand for ODME and captured approximately 42% market share in 2021.

Sale of oil discharge monitoring equipment is projected to surpass the mark of 15,500 units by the end of 2032 and provide ample opportunities to manufacturers.

Though the sales of new ships have marginally improved over the years, ship production trends have remained stagnant, with most manufacturing activities taking place in North America and Europe. According to UNCTAD, in 2020, the total world fleet amounted to 98,140 commercial ships of 100 gross tons, which has resulted in consistency in demand for ODME installation.

Oil Discharge Monitoring Equipment Demand Analysis (2017-2021) Vs. Forecast Outlook (2022-2032)

Installation of oil discharge monitoring equipment witnessed a growth rate of 2.1% over the past half-decade. This was due to considerable demand from cargo, bulk carriers, and oil & chemical tankers during 2017-2021. Automated oil discharge monitoring equipment accounted for the highest demand and captured approximately 94% market share by volume in 2021.

Extensive demand outlook from bulk carriers is projected to provide a thrust to market development over the decade. In East Asia and North America, surging utilization of oil discharge monitoring equipment in vessels for pollution regulation is projected to create absolute $ opportunities of US$ 53.2 Mn and US$ 24 Mn, respectively, during the forecast period.

According to Fact.MR research, more than 60% of general cargo transport by sea is carried out in containers. This figure translates to more than 90% for some countries such as China, the U.S., and South Korea. This trend in the oil discharge monitoring equipment market is likely to generate plethora of opportunities for market development, going forward.

Furthermore, surging application of oil discharge monitoring equipment due to the MARPOL regulation for the discharge oil concentration is likely to supplement market growth over the period of 2022-2032. Due to such oil discharge monitoring equipment regulations, the market is set to generate an absolute $ opportunity of US$ 136 Mn. Moreover, increased spending on ship building and ship maintenance activities will push demand for oil discharge monitoring equipment over the same period.

What are the Key Influencing Factors Complementing Demand for Oil Discharge Monitoring Equipment?

“Proliferating Marine Trade Driving Demand for ODME”

Marine transport is the pillar of worldwide trade and the industrial supply chain, as is used to ship medicines, food, and many other products around the globe. According to the World Trade Organization, volume of trade by ships has increased by nearly 10% over the last decade. This increase in the volume of export & import can be explained by the surge in demand from consumers in emerging countries.

There has been a surge in demand for transport through the marine channel over the years, which has triggered a rise in the volume of exports and imports around the globe. With rising globalization, there are mounting possibilities of trading goods and providing a greater range of products at different price points. Such activities are likely to drive demand for oil discharge monitoring and control systems (ODMCS) over the coming years.

Moreover, the marine tourism industry is one of the leading sectors in the tourism industry. Changing landscape, consumer preferences, and consumer sentiment index are likely to boost the progress of marine tourism in the near future. Rising per capita income, growth in international tourism, and increasing preference for nature-based recreational activities will all drive demand for oil discharge monitoring systems over the assessment period.

Are There Any Restraining Factors for Market Development?

“Regional ODME Providers Making Life Tough for Global Brands”

The market is characterized by the presence of both, global as well as regional players with expertise in oil discharge monitoring solutions. Regional players are well-equipped with techniques to manufacture efficient products that can compete with the products of leading players.

Demand for manual products is relatively weak as compared to automatic operations. But the market for automatic operations is highly competitive, which has made price a major aspect in maintaining a competitive edge in the market.

This factor is expected to create price competitiveness in the market, which will ultimately lead to overproduction, and companies will be compelled to narrow down their profit margins to maintain a competitive edge in the market oil discharge monitoring equipment.

Large number of Chinese players of ODME are likely to offer low-priced oil discharge monitoring systems, which is likely to be a restraint to Western players. Increasing price pressure from Chinese players is forcing key suppliers to provide efficient, reliable, high-quality, and advanced oil discharge monitoring equipment at competitive prices.

Thus, emergence of Chinese players offering low-cost ODMS has disrupted the market to a certain extent. Local players in China are selling oil discharge monitoring equipment at 25% to 30% lower prices as compared to global brands.

Country-Wise Analysis

Why is China Surging Ahead in Oil Discharge Monitoring Equipment Installations?

“Surging Shipbuilding Activities in China Driving Market Expansion”

China is considered as an emerged leading consumer and producer of oil discharge monitoring equipment. China currently accounts for US$ 43.7 Mn and has an installed base of 3,610 units of oil discharge monitoring equipment in 2021.

Growing shipbuilding activities and marine pollution regulations for oil concentration are likely to create considerable demand for emulsion oil discharge monitoring equipment in the near future.

The China market is anticipated to create an absolute $ opportunity of US$ 33 Mn during the forecast period. Moreover, China is estimated to hold approximately 60% share in the East Asia market by 2032.

How is the U.S. Oil Discharge Monitoring Equipment Market Faring?

“Competitive Price Points Offered by ODME Providers”

The U.S. has been one of the most lucrative markets in the North American region, driving high demand for diesel oil discharge monitoring equipment. The United States provides oil discharge monitoring equipment at competitive price points as compared to other countries such as South Korea, the Netherlands, and Germany.

The U.S. market is estimated to reach a mark of US$ 53.5 Mn by 2032, expanding at a CAGR of around 4.9% over the next decade.

Category-Wise Analysis

Which Vessel Type Accounts for Highest Demand for Oil Discharge Monitoring Equipment?

“Bulk Carriers Account for Highest Demand for Oil Water Separators”

Bulk carriers accounted for 42% of overall ODME demand, where volume was close to 4,400 ODME units in 2021.

This vessel type is estimated to reach a valuation of US$ 142 Mn by the end of 2022 due to the various advantages that they offer. The end-use vertical is estimated to progress at a steady CAGR of 4.7% over the coming years.

Which Operation Type of Oil Discharge Monitoring Equipment is the Most Attractive Segment?

“Automatic ODME Enjoys Bulk of Market Share”

Vessels are equipped with automatic and manual oil discharge monitoring equipment. Automatic units are operational and manual are used as secondary equipment when automatic ODMS is no more functional. Due to this, the replacement rate of automatic ODMS is comparatively high and accounts for higher demand from ship maintenance industries.

According to Fact.MR research, the automatic segment accounted for approximately 98% market share by value in 2021, and is estimated to generate a value of US$ 208 Mn in 2022, in the global market.

Competition Landscape

Bestobell AquaTronix, Brannstroms (S) Pte Ltd, China Deyuan Marine Fitting Co.,ltd, Donjun, Fuente International Co., Ltd., HSN-KIKAI Kogyo, Indostan Corporation, Insatech A/S, JOWA, KSB Group, OTS Group Ltd, Rivertrace Ltd, Shanghai Rongde, and Technova HT, VAF Instruments are some of the major players in the oil discharge monitoring equipment market.

Existence of stringent regulations with regards to emissions in the marine industry has driven the focus of manufacturers and end users towards efficient products. In the present scenario, oil discharge monitoring equipment manufacturers are significantly focused on product innovation and the development of novel technologies to meet regulatory requirements, at the same time fulfilling demand from end users.

• Leading providers of oil discharge monitoring equipment, such as Alang Hub, KSB Group, and Bestobell AquaTronix, are consistently spending on research to come up with new product innovations.

Fact.MR has provided detailed information about the price points of the top manufacturers and distributors of oil discharge monitoring equipment positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.

Key Segments of ODME Industry Research

• By Vessel Type:

  • Oil & Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships and Other Vessels

• By Operation:

  • Automatic Oil Discharge Monitoring Equipment
  • Manual Oil Discharge Monitoring Equipment

• By Distribution:

  • OEMs
  • MRO Service Providers (Aftermarket)

• By Region:

  • North America ODME Market
  • Latin America ODME Market
  • Europe ODME Market
  • East Asia ODME Market
  • South Asia & Oceania ODME Market
  • Middle East & Africa ODME Market