Ballast Water Treatment System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Ballast Water Treatment System Manufacturers and it is Segmented by Fleet Type (oil tankers, bulk carriers, general cargo, container ships, and other fleet types), Method Type (physical method and chemical method), and Geography (North America, Europe, Asia-Pacific, and rest of the world). The market size and forecasts for ballast water treatment are provided in terms of revenue (USD million) for all the segments.

Ballast Water Treatment System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Ballast Water Treatment System Market Size

Ballast Water Treatment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 32.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Ballast Water Treatment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Ballast Water Treatment Market with other markets in Chemicals & Materials Industry

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Ballast Water Treatment System Market Analysis

The ballast water treatment market is expected to grow at a CAGR of greater than 32% during the forecast period.

The COVID-19 pandemic harmed the market for ballast water treatment. Worldwide lockdowns and strict regulations imposed by the governments caused a major setback as most of the production hubs were shut down. However, the industry recovered since 2021 and is anticipated to grow significantly over the next few years.

  • The principal factor driving the ballast water treatment system is the growing focus on preserving and protecting the marine ecosystem from pollutants and other toxic species. The physical disinfection technology adopted for the treatment of ballast water dominated the ballast water treatment market in terms of market size.
  • On the flip side, the massive installation and maintenance expense is hampering the market growth.
  • The latest laws issued by the United States Coast Guard (USCG) and International Maritime Organization (IMO) concerning the obligatory usage of the system are likely to act as an opportunity for the global market during the forecast period.
  • Asia-Pacific region is estimated to witness healthy growth over the assessment period in the ballast water treatment market due to the increasing usage of the system across the globe.

Ballast Water Treatment System Industry Overview

The ballast water treatment market is partially consolidated and consists of several major players. A few of these players currently dominate the market in terms of market share. Some of the major players in the market include (not in a particular order) ERMA FIRST ESK Engineering S.A., ALFA LAVAL, Xylem (Evoqua Water Technologies LLC), Industrie De Nora S.p.A., and Wärtsilä among others.

Ballast Water Treatment System Market Leaders

  1. ALFA LAVAL

  2. Wärtsilä

  3. Xylem (Evoqua Water Technologies LLC)

  4. ERMA FIRST ESK Engineering S.A.

  5. Industrie De Nora S.p.A.

  6. *Disclaimer: Major Players sorted in no particular order
Ballast Water Treatment Market Concentration
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Ballast Water Treatment System Market News

  • January 2023: Xylem and Evoqua announced that the two companies have entered into a definitive agreement under which Xylem will acquire Evoqua in an all-stock transaction that reflects an implied enterprise value of approximately USD 7.5 billion. The acquisition aims to create a transformative platform to address the world's most critical water challenges.
  • June 2021: ERMA FIRST announced the acquisition of the German marine water treatment specialist company RWO GmbH. RWO provides water and wastewater treatment systems for ships, ports, and offshore installations and is considered a market leader in bilge water separation systems.

Ballast Water Treatment System Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Adoption of Physical Disinfection Technology for Treatment of Ballast Water
    • 4.1.2 Growing Focus on Preserving and Protecting the Marine Ecosystem
  • 4.2 Restraints
    • 4.2.1 Massive Expense on Installation and Maintenance
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Fleet Type
    • 5.1.1 Oil Tankers
    • 5.1.2 Bulk Carriers
    • 5.1.3 General Cargo
    • 5.1.4 Container Ships
    • 5.1.5 Other Fleet Types
  • 5.2 Method Type
    • 5.2.1 Physical
    • 5.2.2 Chemical
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Rest of the World

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles*
    • 6.4.1 ALFA LAVAL
    • 6.4.2 ATLANTIUM TECHNOLOGIES LTD.
    • 6.4.3 BIO-UV Group
    • 6.4.4 DESMI A/S
    • 6.4.5 Ecochlor
    • 6.4.6 ERMA FIRST ESK Engineering S.A.
    • 6.4.7 GEA Group Aktiengesellschaft
    • 6.4.8 Headway Technology Group (Qingdao) Co., Ltd.
    • 6.4.9 Industrie De Nora S.p.A.
    • 6.4.10 JFE Engineering Corporation
    • 6.4.11 MITSUBISHI HEAVY INDUSTRIES, LTD.
    • 6.4.12 Optimarin
    • 6.4.13 PANASIA CO,LTD
    • 6.4.14 Scienco/FAST (BioMicrobics)
    • 6.4.15 Wärtsilä
    • 6.4.16 Wuxi Brightsky Electronic Co.,Ltd.
    • 6.4.17 Xylem (Evoqua Water Technologies LLC)

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Latest Laws Issued Concerning the Obligatory Usage of the System
**Subject to Availability
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Ballast Water Treatment System Industry Segmentation

A Ballast Water Treatment System (BWTS) removes or inactivates biological organisms from ballast water (algae, zooplankton, and bacteria). Ballast water treatment is a developing technology with a growing number of vendors. It means that the systems being offered have bad service experience, and it is widely accepted that only some solutions are suited for all ship types. The ballast water treatment market is segmented by fleet type, method type, and geography. By fleet type, the market is segmented into oil tankers, bulk carriers, general cargo, container ships, and other fleet types. By method type, the market is segmented into physical and chemical methods. The report also covers the market size and forecasts for the ballast water treatment market in three global regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).

Fleet Type Oil Tankers
Bulk Carriers
General Cargo
Container Ships
Other Fleet Types
Method Type Physical
Chemical
Geography North America
Europe
Asia-Pacific
Rest of the World
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Ballast Water Treatment System Market Research FAQs

What is the current Ballast Water Treatment Market size?

The Ballast Water Treatment Market is projected to register a CAGR of greater than 32% during the forecast period (2024-2029)

Who are the key players in Ballast Water Treatment Market?

ALFA LAVAL, Wärtsilä, Xylem (Evoqua Water Technologies LLC), ERMA FIRST ESK Engineering S.A. and Industrie De Nora S.p.A. are the major companies operating in the Ballast Water Treatment Market.

Which is the fastest growing region in Ballast Water Treatment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Ballast Water Treatment Market?

In 2024, the North America accounts for the largest market share in Ballast Water Treatment Market.

What years does this Ballast Water Treatment Market cover?

The report covers the Ballast Water Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ballast Water Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Ballast Water Treatment System Industry Report

The report covers the global ballast water treatment system market, segmented by fleet type, method type, and geography. The market size and forecasts for ballast water treatment are provided in terms of revenue for all segments. This comprehensive industry report includes an analysis of the market share, size, and revenue growth rate, with a market forecast outlook extending to the future. The report provides an industry overview, market trends, and insights into market growth.

In addition to the market segmentation by fleet type and method type, the report includes an industry analysis and market research. It highlights the market leaders and provides valuable industry information. The market report also presents an industry outlook and market overview, offering a detailed review of the market value and industry statistics.

The industry reports are essential for understanding the market data and market forecast. With a focus on market predictions, the report includes a thorough market review and industry trends. The report example and report PDF are available for a deeper dive into the research.

This industry research offers insights into the market outlook and growth rate, making it a valuable resource for research companies and stakeholders. The market segmentation and industry sales data provide a clear picture of the market's current state and future potential. The report also includes industry size and market growth information, ensuring a comprehensive understanding of the market dynamics.