Ballast Water Treatment Systems (BWTS) Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Dec-2020 | List of Tables : 57 | List of Figures : 92 | No. of Pages : 170 | Report Code : FACT5380MR |

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.

ballast water treatment systems market regional analysis

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.
  • Ecochlor
  • 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.

Treatment

  • Chemical Treatment
  • Physical Treatment
Tank Capacity
  • Less than 1500 m3
  • 1500 to 5000 m3
  • Greater than 5000 m3

Application

  • Stationary
  • Portable
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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

            3.1.3.1. Change in Ballast Water Treatment Systems Sales

            3.1.3.2. Before and After COVID-19 Crisis (Projected)

            3.1.3.3. Before and After Sub-prime Crisis – 2008 (Actual)

            3.1.3.4. Change in Sales post Recovery Period (After Each Crisis)

        3.1.4. Impact on Market Value (US$ Mn)

            3.1.4.1. Likely Loss of Value in 2020

            3.1.4.2. Mid-term and Long Term Forecast

            3.1.4.3. Quarter by Quarter Sales and Recovery Assessment

        3.1.5. Anticipated Sales and Value Recovery Curve

            3.1.5.1. Likelihood of U-Shape Recovery

            3.1.5.2. 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

    9.1. Introduction

    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

        9.3.3. Europe

        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

    10.1. Introduction

    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

            10.4.1.1. U.S.

            10.4.1.2. Canada

        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

    11.1. Introduction

    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

            11.4.1.1. Brazil

            11.4.1.2. Mexico

            11.4.1.3. Argentina

            11.4.1.4. Chile

            11.4.1.5. Peru

            11.4.1.6. 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

    12.1. Introduction

    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

            12.4.1.1. Germany

            12.4.1.2. France

            12.4.1.3. Italy

            12.4.1.4. Spain

            12.4.1.5. U.K.

            12.4.1.6. BENELUX

            12.4.1.7. 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

    13.1. Introduction

    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

            13.4.1.1. China

            13.4.1.2. Japan

            13.4.1.3. 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

    14.1. Introduction

    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

            14.4.1.1. India

            14.4.1.2. Thailand

            14.4.1.3. Indonesia

            14.4.1.4. Malaysia

            14.4.1.5. 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

    15.1. Introduction

    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

            15.4.1.1. Australia

            15.4.1.2. 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

    16.1. Introduction

    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

            16.4.1.1. GCC Countries

            16.4.1.2. South Africa

            16.4.1.3. Turkey

            16.4.1.4. Iran

            16.4.1.5. Israel

            16.4.1.6. 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

            18.3.1.1. Overview

            18.3.1.2. Treatment Type Portfolio

            18.3.1.3. Sales Footprint

            18.3.1.4. Strategy Overview

        18.3.2. Damen Shipyards Group

            18.3.2.1. Overview

            18.3.2.2. Treatment Type Portfolio

            18.3.2.3. Sales Footprint

            18.3.2.4. Strategy Overview

        18.3.3. Alfa Laval

            18.3.3.1. Overview

            18.3.3.2. Treatment Type Portfolio

            18.3.3.3. Sales Footprint

            18.3.3.4. Strategy Overview

        18.3.4. atg Evoqua (Evoqua Water Technologies)

            18.3.4.1. Overview

            18.3.4.2. Treatment Type Portfolio

            18.3.4.3. Sales Footprint

            18.3.4.4. Strategy Overview

        18.3.5. Coldharbour Marine Ltd

            18.3.5.1. Overview

            18.3.5.2. Treatment Type Portfolio

            18.3.5.3. Sales Footprint

            18.3.5.4. Strategy Overview

        18.3.6. Ecochlor

            18.3.6.1. Overview

            18.3.6.2. Treatment Type Portfolio

            18.3.6.3. Sales Footprint

            18.3.6.4. Strategy Overview

        18.3.7. GEA Group Aktiengesellschaft

            18.3.7.1. Overview

            18.3.7.2. Treatment Type Portfolio

            18.3.7.3. Sales Footprint

            18.3.7.4. Strategy Overview

        18.3.8. ERMA FIRST ESK Engineering S.

            18.3.8.1. Overview

            18.3.8.2. Treatment Type Portfolio

            18.3.8.3. Sales Footprint

            18.3.8.4. Strategy Overview

        18.3.9. Ferrate Treatment Technologies, LLP

            18.3.9.1. Overview

            18.3.9.2. Treatment Type Portfolio

            18.3.9.3. Sales Footprint

            18.3.9.4. Strategy Overview

19. Appendix

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Ballast Water Treatment Systems (BWTS) Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030