What is Ballast Water Management Market?
Ballast water management is the handling and treating of ballast water onboard to minimize the transfer of harmful pathogen in vessels ballast water and sediment. The vessels use the seawater which are installed for security. It has marine conditions influenced with marine life and sea-going organisms. Hence, the discharge of intreated water may upset the environment. In this way board targets decreasing the ruinous impacts of stabilizer water removal. Moreover, stringent government guidelines, for example, oil and compound spills, presentation of sea-going intrusive species, and unapproved sea dumping are foreseen to support the utilization of ballast water management systems.
Highlights from Ballast Water Management Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Wärtsilä Corporation (Finland), Xylem Inc. (United States), Evoqua Water Technologies LLC (United States), Calgon Carbon Corporation (United States), Ecochlor, Inc. (United States), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (United Kingdom), Qingdao Headway Technology Co., Ltd. (China) and JFE Engineering Corporation (Japan) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Ballast Water Management market throughout the forecasted period.
Wärtsilä Corporation (Finland), Xylem Inc. (United States), Evoqua Water Technologies LLC (United States), Calgon Carbon Corporation (United States), Ecochlor, Inc. (United States), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (United Kingdom), Qingdao Headway Technology Co., Ltd. (China) and JFE Engineering Corporation (Japan) are some of the key players profiled in the study. Ballast Water Management Market Segmentation:
Scope | Sub-Segments |
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Services | Installation and Calibration,Performance measurement,Re-commissioning |
Technology | Physical disinfection,Mechanical method,Chemical method |
Capacity | Less than 1,500 m3,Between 1,500m3 – 5,000 m3,More than 5,000 m3 |
Ship type | Dry bulk,Container ships,Carriers,General cargos,Tankers,Others |
On the basis of geography, the market of Ballast Water Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Awareness about the Art Funds
Market Growth Drivers:
Government Initiatives for Marine Environmental Protection and Increase in Volume for Seaborne Trade
Challenges:
Storage of Disinfection by Products which are Generated After Water Treatment
Restraints:
Stringent Government Rules and Regulations
Opportunities:
Rising Health Concerns in Shipping Industry and New Conventions for Encouraging the Demand of BWT
Key Target Audience
Ballast water management company, Government associations, Research organizations and Others
Market Leaders & Development Strategies
In June 2021, De Nora, a global leader in sustainable technology delivery, acquired the UV technology division of Calgon Carbon Corporation. The transaction includes the products, brands, and assets of RAYOX, SENTINEL, and C3 SERIES UV, urban and industrial UV disinfection brands, and Hyde Marine, a world leader in UV ballast water management systems.
On May 2019, Wärtsilä has become first Ballast Water Management System supplier to be granted dual technology USCG Type Approval. Wärtsilä’s dual technology offering provides the broadest range of BWMS solutions for fleet wide regulatory compliance.