Ballast Water Treatment Systems (BWTS) Market: About the Report
As time has passed, companies have been increasingly favoring chemical-free ways of treating ballast water, which is why physical treatment is gaining importance. Eco-friendliness is an important factor that market players will have to consider over the coming years, which will also offer increasing opportunities for market players. Fact.MR’s report dives deep into the reasons as to why the ballast water treatment systems (BWTS) market is slated to surge ahead at an impressive rate over the next ten years. With both, regional and international trade, especially sea trade only set to increase as the years go by, demand for BWTS will see an uptick across regions.
Ballast Water Treatment Systems Market Overview
Ballast water treatment systems are used to maintain balance of the marine ecosystem by filtering and disinfecting ballast water. Several technologies are used in ballast water treatment systems to avoid polluting sea water. Rising focus on preserving and protecting marine life and ecosystem is driving the expansion of the global ballast water treatment systems market size. Loading and unloading of ballast water can cause a threat to the environment and public health if not handled properly, with organisms transferred from one ecosystem to another. To check potential harm to the seawater by foreign toxic species such as pathogens and other organisms, the International marine Organization (IMO) has imposed strict regulations for the same. These regulations and their strict enforcement are making owners install ballast water treatment systems on ships, which is propelling market growth further.
The global ballast water treatment systems market is projected to grow at an exemplary growth rate of around 10% over the forecast period of 2020-2030, according to a recent report by Fact.MR.
Ballast Water Treatment Systems Market Trends
Increasing Sea Trade Fueling Demand: Marine trade has witnessed multifold growth in the past few decades. Rising international trade through seaways is one of the key drivers of the ballast water treatment systems market. Marine transport is a cost-effective and efficient way of transportation for mass goods and raw materials. Also, it offers great convenience as compared to other transport means, worldwide. Nearly 90% of world trade is carried out through seaways. This factor will aid the growth of the global ballast water treatment systems market over the long-term forecast period.
International Maritime Organization (IMO) Regulations Boosting Market Growth: Countries across the world have regulations in place to protect the marine environment. When it comes to international trade, it is difficult for foreign manufacturers to follow these guidelines, as their product portfolios are different. The United Nations (UN) is thus implementing standard regulatory guidelines that will be the same for all nations. This is expected to be a key factor in augmenting the growth of global BWTS market in the near future.
Rising Trade Activities in Developing Countries to Aid Growth: Increasing international trade in developing economies is expected to drive the ballast water treatment systems market over the next decade. Countries in Asia Pacific and Africa have been seeing a rise in trade activities. Industrial development in these emerging economies is fueling business growth in these regions. Governments in these countries are trying to boost international trade by bringing in various favorable policies and agreements. These factors are resulting in increased demand for container vessels, cargo ships, and many others, which bodes well for the growth of the global ballast water treatment systems market.
For deeper knowledge surrounding the growth prospects of regional markets for ballast water treatment systems, ask an expert analyst
BWTS Market Insights by Treatment
The global ballast water treatment systems market is segmented on the basis of treatment as chemical treatment and physical treatment. Chemical treatment is further classified into chlorination, ozonation, electro chlorination, and others. On the other hand, physical treatment has sub-segments such as deoxygenation, UV irradiation, ultrasonic, and others.
The chemical treatment segment is expected to continue to lead the BWTS market over the forecast period. Meanwhile, the physical treatment segment is expected to witness accelerated growth, to reach a market valuation of around US$ 4 Bn by the end of forecast period. UV irradiation is the most popular method under physical treatment, and thus, UV-based systems are expected to see an increase in adaptability in the near future.
BWTS Market Insights by Tank Capacity
Ballast water treatment systems are segmented based on tank capacity as systems with tank capacity of less than 1500 m3, between 1500 – 5000 m3, and greater than 5000m3.
Out of these segments, systems with a tank capacity between 1500 – 5000 m3 are projected to rule the market over the forecast period, followed by systems with more than 5000 m3 tank capacity.
BWTS Market Insights by Application
Ballast water treatment systems are categorized based on applications as stationary and portable.
Stationary ballast water treatment systems capture approximately 3/4 of the market share, and are expected to maintain this dominant position over the forecast period too.
Regional Outlook of Ballast Water Treatment Systems Market
North America is expected to lead the global ballast water systems market share. Owing to its vast marine trade activities, the region is projected to witness high growth over the coming years. Europe also has a lucrative market for ballast water treatment systems. The BWTS market in Asia Pacific is projected to witness significant growth during the forecast period (2020-2030). With rise in international trade in the region, led by countries such as India and China, the region is anticipated to be the most lucrative ballast water treatment systems market over the next decade.
BWTS Market: Competitive Landscape
Players in the global ballast water treatment systems market are investing in research & development activities to come up with innovative additions to these systems. Also, mergers and acquisitions are a key focus of market players to gain an edge over the competition. Apart from this, companies are looking at partnerships and collaborations as a way to stay ahead of the competition.
However, technological advancements along with expansion strategies are expected to remain key strategies of players in the BWTS market over the forecast period.
- For instance, The Hyde GUARDIAN-US BTWS has tested its new system as per IMO norms in the U.S. The new system has unique features such as automatic flow regulation, which ensures that the system is capable of managing changing water quality in order to achieve compliance.
- Also, Hyde Marine has come up with an alarm that signals if the system is operating outside test boundaries. This helps the crew to initiate contingency measures for non-compliant waters, so that deballasting and cargo loading is not impacted.
Some of the key players in the global ballast water treatment systems market are:
- Wärtsilä Corporation
- Damen Shipyards Group
- ALFA LAVAL
- atg Evoqua (Evoqua Water Technologies)
- GenSys GmbH, Evac
- Coldharbour Marine Ltd.
- GEA Group Aktiengesellschaft
- ERMA FIRST ESK Engineering S.A.
- Ferrate Treatment Technologies, LLC
- Veolia Water Technologies
- Hitachi, Auramarine Ltd.
Bawat a/s.The Analyst’s Quote
“Companies are favoring chemical-free ways of treating ballast water. Thus, physical ballast water treatment systems are expected to gain traction in the near future, owing to their non-chemical nature and features such as environment-friendliness, cost-effectiveness, and effectiveness in treating invasive organisms.”
COVID-19 Impact on Ballast Water Treatment Systems Market
The global ballast water treatment system market has seen steady growth over the past decade. The market is expected to grow at a significant rate over the forecast period too, owing to factors such as rising seaborne trade, economic development of countries, growing shipbuilding sector, and initiatives to protect the marine ecosystem, among others.
However, the BWTS market has witnessed challenges in the face of the COVID-19 pandemic. Industries across the world have been impacted, and social distancing norms have affected production across all sectors. The ballast water treatment systems industry has also suffered as trading was impacted due to transport restrictions. As the world is returning to normalcy slowly and trading is gradually resuming, the ballast water treatment systems market is expected to regain its true position in the next few years.
Ballast Water Treatment Systems (BWTS) Market - Scope of the Report
A recent study by Fact.MR on the ballast water treatment systems (BWTS) market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of ballast water treatment systems. The study also provides the dynamics that are responsible for influencing the future status of the ballast water treatment systems market over the forecast period.
Detailed assessment of the ballast water treatment systems value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the ballast water treatment systems market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Ballast Water Treatment Systems Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the ballast water treatment systems market across the globe.
A comprehensive estimate on the BWTS market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Ballast Water Treatment Systems Market: Segmentation
Fact.MR’s research study assesses the global ballast water treatment systems market in terms of treatment, tank capacity, application and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the global ballast water treatment systems market.
Key Questions Answered in Fact.MR’s BWTS Market Report
- Which regions will continue to remain the most profitable regional markets for ballast water treatment systems market players?
- Which factors will induce a change in the demand for ballast water treatment systems during the assessment period?
- How will changing trends impact the ballast water treatment systems market?
- How can market players capture the low-hanging opportunities in the BWTS market in developed regions?
- Which companies are leading the ballast water treatment systems market?
- What are the winning strategies of stakeholders in the ballast water treatment systems market to upscale their position in this landscape?
BWTS Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the ballast water treatment systems market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the ballast water treatment systems market during the forecast period.
Country-specific valuation on demand for ballast water treatment systems has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, y-o-y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Ballast Water Treatment Systems Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the ballast water treatment systems market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the ballast water treatment systems market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the ballast water treatment systems market report as a primary resource.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Summary of Key Findings
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Ballast Water Treatment Systems Sales
3.1.2. COVID-19 Crisis and Impact on Ballast Water Treatment Systems Prices
3.1.3. COVID-19 Impact Benchmark with Previous Crisis
22.214.171.124. Change in Ballast Water Treatment Systems Sales
126.96.36.199. Before and After COVID-19 Crisis (Projected)
188.8.131.52. Before and After Sub-prime Crisis – 2008 (Actual)
184.108.40.206. Change in Sales post Recovery Period (After Each Crisis)
3.1.4. Impact on Market Value (US$ Mn)
220.127.116.11. Likely Loss of Value in 2020
18.104.22.168. Mid-term and Long Term Forecast
22.214.171.124. Quarter by Quarter Sales and Recovery Assessment
3.1.5. Anticipated Sales and Value Recovery Curve
126.96.36.199. Likelihood of U-Shape Recovery
188.8.131.52. Likelihood of L-Shape Recovery
3.1.6. Recovery Period Assessment by Key Countries
3.1.7. Recovery Assessment by Key Market Segments
3.1.8. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Treatment Type Development Trends
4. Market Background and Foundation Data Points
4.1. Regulatory Landscape
4.2. Decision of Manufacturers
4.3. Scenario based Growth Forecast
4.4. Value Chain Analysis
4.4.1. List of Key Manufacturers
4.4.2. List of Channel Partners
4.4.3. Operating Margins
4.4.4. Notes on Value Added at Each Node in the Value Chain
4.5. Macro-Economic Factors
4.5.1. Global GDP Growth Outlook
4.5.2. Global Employment Outlook
4.5.3. Per Capita Disposable Income
4.6. Forecast Factors - Relevance & Impact
4.6.1. Top Companies Historical Growth
4.6.2. Global GDP Growth Analysis
4.6.3. Industrial Growth Impact
4.7. Market Dynamics
4.7.1. Market Driving Factors and Impact Assessment
4.7.2. Prominent Market Challenges and Impact Assessment
4.7.3. Ballast Water Treatment Systems Market Opportunities
4.7.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Global Ballast Water Treatment Systems Market Value Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030, By Treatment Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) By Treatment Type, 2015-2019
6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Treatment Type, 2020 - 2030
6.3.1. Chemical Treatment
6.3.2. Physical Treatment
6.4. Market Attractiveness Analysis By Treatment Type
7. Global Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030, By Tank Capacity
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Tank Capacity, 2015-2019
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Tank Capacity, 2020 - 2030
7.3.1. Less than 1500m3
7.3.2. 1500 to 5000m3
7.3.3. Greater than 50003
7.4. Market Attractiveness Analysis By Tank Capacity
8. Global Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Application, 2015-2019
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2020 - 2030
8.3.1. Passenger Vehicle
8.3.2. Commercial Vehicle
Market Attractiveness Analysis By Application
9. Global Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030, by Region
9.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2019
9.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2020 - 2030
9.3.1. North America
9.3.2. Latin America
9.3.4. Asia Pacific
9.3.5. Middle East and Africa (MEA)
9.4. Market Attractiveness Analysis By Region
10. North America Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
10.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
10.4.1. By Country
10.4.2. By Treatment Type
10.4.3. By Tank Capacity
10.4.4. By Application
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Treatment Type
10.5.3. By Tank Capacity
10.5.4. By Application
11. Latin America Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
11.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
11.4.1. By Country
184.108.40.206. Rest of Latin America
11.4.2. By Country
11.4.3. By Treatment Type
11.4.4. By Tank Capacity
11.4.5. By Application
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Treatment Type
11.5.3. By Tank Capacity
11.5.4. By Application
12. Europe Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
12.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
12.4.1. By Country
220.127.116.11. Rest of Europe
12.4.2. By Country
12.4.3. By Treatment Type
12.4.4. By Tank Capacity
12.4.5. By Application
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Treatment Type
12.5.3. By Tank Capacity
12.5.4. By Application
13. East Asia Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
13.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
13.4.1. By Country
18.104.22.168. South Korea
13.4.2. By Country
13.4.3. By Treatment Type
13.4.4. By Tank Capacity
13.4.5. By Application
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Treatment Type
13.5.3. By Tank Capacity
13.5.4. By Application
14. South Asia Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
14.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
14.4.1. By Country
22.214.171.124. Rest of South Asia
14.4.2. By Country
14.4.3. By Treatment Type
14.4.4. By Tank Capacity
14.4.5. By Application
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Treatment Type
14.5.3. By Tank Capacity
14.5.4. By Application
15. Oceania Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
15.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
15.4.1. By Country
126.96.36.199. New Zealand
15.4.2. By Country
15.4.3. By Treatment Type
15.4.4. By Tank Capacity
15.4.5. By Application
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Treatment Type
15.5.3. By Tank Capacity
15.5.4. By Application
16. Middle East and Africa Ballast Water Treatment Systems Market Analysis 2015-2019 and Forecast 2020-2030
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2019
16.4. Market Size (US$ Mn) Forecast By Market Taxonomy, 2020 - 2030
16.4.1. By Country
188.8.131.52. GCC Countries
184.108.40.206. South Africa
220.127.116.11. Rest of Middle East and Africa
16.4.2. By Country
16.4.3. By Treatment Type
16.4.4. By Tank Capacity
16.4.5. By Application
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Treatment Type
16.5.3. By Tank Capacity
16.5.4. By Application
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Treatment Type footprint by Players
17.4.3. Channel footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive (Indicative List)
18.3.1. Wärtsilä Corporation
18.104.22.168. Treatment Type Portfolio
22.214.171.124. Sales Footprint
126.96.36.199. Strategy Overview
18.3.2. Damen Shipyards Group
188.8.131.52. Treatment Type Portfolio
184.108.40.206. Sales Footprint
220.127.116.11. Strategy Overview
18.3.3. Alfa Laval
18.104.22.168. Treatment Type Portfolio
22.214.171.124. Sales Footprint
126.96.36.199. Strategy Overview
18.3.4. atg Evoqua (Evoqua Water Technologies)
188.8.131.52. Treatment Type Portfolio
184.108.40.206. Sales Footprint
220.127.116.11. Strategy Overview
18.3.5. Coldharbour Marine Ltd
18.104.22.168. Treatment Type Portfolio
22.214.171.124. Sales Footprint
126.96.36.199. Strategy Overview
188.8.131.52. Treatment Type Portfolio
184.108.40.206. Sales Footprint
220.127.116.11. Strategy Overview
18.3.7. GEA Group Aktiengesellschaft
18.104.22.168. Treatment Type Portfolio
22.214.171.124. Sales Footprint
126.96.36.199. Strategy Overview
18.3.8. ERMA FIRST ESK Engineering S.
188.8.131.52. Treatment Type Portfolio
184.108.40.206. Sales Footprint
220.127.116.11. Strategy Overview
18.3.9. Ferrate Treatment Technologies, LLP
18.104.22.168. Treatment Type Portfolio
22.214.171.124. Sales Footprint
126.96.36.199. Strategy Overview
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