Global Ballast Water Treatment Systems Market Size By Product (Chemical Method, Physical Method), By Application (Modify Ship, New Build Ship), By Geographic Scope And Forecast

Ballast Water Treatment Systems Market Size And Forecast

Ballast Water Treatment Systems Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2021 to 2028.

The market for Global Ballast Water Treatment Systems is really taking off! We're seeing a surge in demand for better ways to treat ballast water, and it's not hard to see why. Things like the rising popularity of UV Ballast Water Treatment Systems and a global push to protect our oceans are major factors. Our Global Ballast Water Treatment Systems Market report gives you the full picture. It's a deep dive into the important pieces of the puzzlekey segments, what's trending, what's driving the market, what's holding it back, who the big players are, and basically, everything that matters.

Global Ballast Water Treatment Systems Market Definition

Ballast Water Treatment System refers to the water treatment system found on ships. This system is carried out in two stages such as mechanical separation or filtration and physical or chemical treatment. Mechanical separation or filtration can be carried out with screen filters. Screen filters can effectively remove sediments and a large number of microorganisms in the ballast tanks.

Secondary treatment or physical or chemical treatment is carried out with different forms of treatments. These different forms include chemical disinfection, UV treatment, deoxygenation, heat treatment, and ultrasonic treatment. Chemical disinfection uses chemicals such as chemicals, to disinfect water by deactivating microorganisms in the ballast water. It is the most common and cost-effective secondary treatment of all. But even after chemical disinfection, the treated water needs neutralization or detoxification before the final de-ballasting.

UV treatment refers to the application of ultra-violet light in the ballast water treatment. UV light strikes the DNA of the microbes and makes them inactive, non-viable, and incapable of reproduction. Ultrasonic treatments, also known as cavitation treatment, apply high-energy ultrasound that breaks the cell wall of the microorganisms down to kill them completely.

Global Ballast Water Treatment Systems Market Overview

The demand for Ballast Water Treatment Systems is growing with higher CAGR as the need to maintain the marine environment is growing. Marine logistics is growing around the world due to the globalization, industrialization, growth in and expansion of the business of multinational companies, and the rest of the other factors. Marine logistics offer different benefits over air and road logistics. It can carry a large volume at a time at a very low cost. Also, shipping containers can be easily transported further by road or rail transport to their destinations.

Thus, whenever ships come to the new port, they can carry the risk to introduce alien species to the new water area around the port. Such risk can have harmful effects such as microbial exposure, lower habitat quality, and other dangers that can ultimately harm fishing and even protected species in the region. Therefore, governments of different developed countries are taking initiatives to protect the marine environment.

The United States Coast Guards are developing and enforcing regulations to prevent the introduction of alien species into the marine environment around the coastal area and port area. Hence, the various initiatives by the governments are fueling the growth of the Global Ballast Water Treatment Systems Market. Furthermore, UV treatment has various benefits over other secondary treatments; thus, demand for the treatment is growing.

UV treatment uses ultra-violet light to kill the alien species in the ballast water by striking the DNA of the alien species. It doesn’t just break the DNA of the microbes down but also makes them incapable of reproduction. Also, it doesn’t need to be adopted in conjunction with other types of treatments. Furthermore, the technological advancements in the Ballast Water Treatment Systems and growing demand for the system from the developing and underdeveloped economies around the world might create future opportunities for the Global Ballast Water Treatment Systems Market to grow over the forecasted period.

However, the efficiency of some types of secondary treatments can be hampered by a high number of total suspended solids in the ballast water. Also, heat treatment takes a longer time to treat water completely and the heat used during the treatment can cause corrosion in the ballast water tanks. Therefore, such factors, consumption of a high amount of energy during the treatment procedure, and the rest of the other factors might strangle the growth of the Global Ballast Water Treatment Systems Market.

Global Ballast Water Treatment Systems MarketSegmentation Analysis

The Global Ballast Water Treatment Systems Market is segmented based on Product, Application, and Geography.

Ballast Water Treatment Systems Market, By Product

• Chemical Method• Physical Method

Based on Product, the market is further segmented into Chemical Method and Physical Method. In 2020, the Physical Method segment has dominated the market accounting for the largest market share. Due to various advantages over the Chemical Method, the demand for Physical Method treatment is rising. Physical Methods are effective as compared to others and also offer required outputs. Ultra-violet treatment is aiding the demand for physical methods as it directly strikes on the DNA of the alien species to give desired output and treat the ballast water effectively.

Ballast Water Treatment Systems Market, By Application

• Modify Ship• New Build Ship

Based on Application, the market is segmented into Modify Ship and New Build Ship. In 2020, the Modify Ship segment has dominated the market accounting for the largest market share due to the potential application of ballast water treatment across the modify ship application.

Ballast Water Treatment Systems Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is the leading region in the Global Ballast Water Treatment Systems Market due to rapid adoption of ballast water treatment systems across the ports, growing marine logistics across Asia and Oceania, presence of the number of ports, and rest of the others.

Key Players

The “Global Ballast Water Treatment Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Wärtsilä Corporation, Alfa Laval, Panasia, TeamTec, Qingdao Sunrui (CSIC), JFE Engineering, Qingdao Headway Technology, Optimarin Xylem Inc., and Evoqua Water Technologies LLC, amongst others are a few major companies operating in the Ballast Water Treatment Systems Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In March 2022, Wärtsilä has secured a new agreement for its exhaust gas cleaning systems to be installed on two new-built 218m roll-on/roll-off passenger vessels (RoPax) at Guangzhou Shipyard International (GSI) in China.

• In January 2022, Evoqua Water Technologies has announced the closing of the previously announced acquisition of the renal business historically operated by Mar Cor Purification and Cantel Medical, subsidiaries of STERIS Plc.

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We dig into the market using both qualitative and quantitative analysis, looking at everything from the economy to other stuff that matters, all broken down by customer groups. You'll get the market value (in USD Billion) for each of those groups and smaller sub-groups. We'll point out which region and customer group is likely to grow the fastest and be the biggest. Plus, we'll analyze each region, showing where the product/service is being used and what's influencing the market there. We’ll show you the competitive landscape, ranking the top players and highlighting their new offerings, partnerships, expansions, and acquisitions over the last five years. We also include detailed company profiles with overviews, insights, product comparisons, and SWOT analysis for the major companies. Expect a look at both the current and future state of the industry, considering recent trends, growth opportunities, and the challenges in both emerging and developed regions. We’ll give you a deep dive into the market using Porter's five forces analysis and provide insights into the value chain. Finally, we'll cover the market's dynamics and where the growth opportunities lie in the coming years, and we'll back it all up with 6-month post-sales analyst support.

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