Ballast Water Treatment System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2203 | Report Format : | Status : Upcoming |

Abstract

Ballast Water Treatment System Market: Overview

The balance and the stability of the ships are managed by the ballast water. In order to minimize the contamination of the marine ecosystem, the ballast water treatment system was developed with the help of several technologies. Using this system the filtration and the disinfection of the ballast water is performed.

Ballast Water Treatment System Market: Facts

The USCG has made approval for three systems namely OceanSaver, Alfa Laval, and Optimarin. The Alfa Laval and the Optimarin treat the ballast water with the help of filtration and ultraviolet light while OceanSaver treats the ballast water with filtration and electrodialysis. All these systems are complex and in order to determine the systems working for a particular vessel, the technical specifications should be evaluated in depth.

Ballast Water Treatment System Market: Segmentation

The global market for the ballast water treatment is fragmented into its technology type, ship type, capacity, and vessel type. Based on the type of the technology, the global market is segregated into chemical disinfection and dechlorination, micro-agitation, solid-liquid separation, physical disinfection, and advanced oxidation. Based on the ship type, the market is categorized into container ships, dry bulk carriers, reefer ship, general cargo vessels, tankers, and multi-purpose vessels. Based on the capacity, the market is divided into greater than 5000 cubic meters, 1500 to 5000 cubic meters, and less than 1500 cubic meters. Based on the vessel type, the market is bifurcated into low ballast dependent vessels and high ballast dependent vessels.

Ballast Water Treatment System Market: Growth Factors

The prime factor that is driving the ballast water treatment system is the increasing focus on conserving the marine ecosystem from the pollutants and other harmful species. Another factor that is fuelling the growth of the ballast water treatment system is the strict regulations that are issued by the USCG and IMO regarding the mandatory use of the system. The increase in the trade of the chemicals and the other goods via the sea route is supporting the growth of the market. There are strict rules and regulations that need to be followed for the approval of the products that are related to the ballast water treatment system. These norms are proposed by several marine organizations. There are several tests executed on the ports for the testing of the ballast water and there are many countries that are actively participating in this process.

Ballast Water Treatment System Market: Regional Analysis

The nations that are having a significant share in the ballast water treatment market are India, South Korea, China, and Singapore in Asia Pacific region owing to the fact that these regions have a major trade of goods with the help of the maritime transport. The market for the ballast water treatment system is experiencing a good market growth in the Middle East and Africa and European regions owing to the presence of the large oil exporters in these regions. The implementation of the Alternate Management System by the U.S. Coast Guard has increased the demand for the ballast water treatment system in the North American region.

Ballast Water Treatment System Market: Competitive Players

The key market players that are involved in the ballast water treatment include Alfa Laval, Hyde Marine Inc., MH Systems Inc., NEI Treatment Systems, Optimarin AS, Mitsui Engineering & Shipbuilding Co., Ecochlor Inc., Mitsubishi Heavy Industries, Ltd., OceanSaver, Marenco Technology Group Inc., and Hitachi, Ltd.

Ballast Water Treatment System Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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