Industry Outlook On Global Ballast Water Treatment Market by Knowledge Sourcing Intelligence


Stringent Regulations to Drive Ballast Water Treatment Market

Introduction
Ballast Water Treatment System (BWTS) is a system designed to remove and destroy biological organisms (zooplankton, algae, bacteria) from ballast water. Ballast water treatment is still evolving technology with an ever-growing number of manufacturers. The market of ballast water treatment is segmented by technology, capacity, service, ship type, and region. The technology segment is further segmented as physical disinfection, mechanical method, and chemical method. By capacity, the market is segmented as less than 1500 cubic meters, between 1500 and 5000 cubic meters, and more than 5000 meters. The service segment is further segmented as recommissioning, performance measurement, and installation and calibration. By ship type, the market is segmented as a container ship, tankers, dry bulk carriers, general cargos, and others.

global ballast water treatment market

Drivers of Ballast Water Treatment Market
Rising healthcare concerns in the marine industry coupled with the high volume of seaborne trades are the major factors driving the demand for ballast water treatment solutions. Increasing awareness regarding its advantages and more vendors entering the market will further add to the growing demand for these water treatment systems over the forecast period. Stringent regulation of the International Maritime Organization and Ballast Water Management Convention in order to prevent the spreading of potentially harmful aquatic pathogens and organisms are boosting the ballast water treatment market growth.

Market Segmentation
Geographically, North America region is expected to have a significant market share of the global ballet water treatment market share. The market share is projected on account of favorable regulations coupled with a rising focus on environmental safety conservation. Europe region will also have a significant market share due to stringent regulations in the region. The market of Asia Pacific region is expected to witness rapid growth owing to the rise in the volume of seaborne trade and growing environmental concern leading to the increasing IMO adoption. Growing trade of chemicals, automotive components, and other goods are also increasing the ballast water treatment market size in the region.
global ballast water treatment market
Sample view of global ballast water treatment market share

By technology, the physical disinfection segment is expected to have a significant market share as it helps in removing the microorganisms from the ballast water without adding any toxic substance to it. It also offers benefits such as ease of operation, high level of efficiency, easy installation, operation, and maintenance. Physical disinfection is a very effective way against a wide range of organisms, such as marine worm larvae, juvenile barnacles, juvenile bivalves, flatworms, and diatoms. Tankers segment of ship type segmentation is expected to have a significant market share owing to their high usage in the shipping industry to transport huge quantities of crude oil, chemicals, petroleum, and LNG, and others, across the globe. The continuously evolving crude oil industry is further boosting the growth of this segment. Containers' ships segment is expected to witness substantial growth owing to their increasing demand for carrying non-bulk cargo. Coal, wheat, manufactured goods, cars, and refrigerated goods can be carried through container ships.

According to industry research conducted by Knowledge Sourcing Intelligence, major industry players profiled as part of the report are Wartsila, Alfa Level, Mitsubishi Heavy Industries Limited, Calgon Carbon Corporation, Ecochler, Inc., ATG UV Technology, Evoqua Water Technologies LLC, and Veolia Water Technologies among others.

Key Questions Answered in This Report:
·         What are the key regions having a significant market share of the market?
·         What are the drivers of the market?
·         Who are the key market players in the market?
·         What is market segmentation of 3D mapping and modeling market?
·         What are the services offered by ballast water treatment?



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