“Ballast Water Treatment Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ballast water treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for ballast water treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The ballast water treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Technology: Physical Disinfection; Mechanical Method; Chemical Method
- 2) By Capacity: Less Than 1,500 m3; 1,500-5,000 m3; More Than 5,000 m3
- 3) By Service: Installation And Calibration; Performance Measurement; Recommissioning
- 4) By Ship Type: Container Ships; Dry Bulk Carriers; Tankers; General Cargos; Other Ship Types
- Companies Mentioned: Wartsila Corporation; Xylem Inc.; Evoqua Water Technologies LLC; Calgon Carbon Corporation; Ecochlor Inc
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the ballast water treatment market are: Wartsila Corporation , Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, Ecochlor Inc., Veolia Environnement SA, Alfa Laval AB, Trojan Marinex, Mitsubishi Heavy Industries Ltd., atg UV Technology, JFE Engineering Corporation, Optimarin AS, Qingdao Headway Technology Co Ltd., Headway Technology Co Ltd., Marenco Technology Group Inc., Ballast Water Containers, Damen, Kuraray, Panasia Co Ltd. , Samsung Heavy Industries Co Ltd. , Mitsui Engineering & Shipbuilding Co, and Hitachi Ltd.
The global ballast water treatment market is expected to grow from $57.89 billion in 2022 to $84.16 billion in 2023 at a compound annual growth rate (CAGR) of 45.37%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ballast water treatment market is expected to reach $359.19 billion in 2027 at a CAGR of 43.73%.
The ballast water treatment market includes revenues earned by entities by separation and filtration, ozone, electrical currents, or UV radiation, and biocides or a form of chlorination. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Ballast water treatment refers to the pumped-in to keep the ship working safely throughout the voyage. This approach minimizes stress on the hull, increases propulsion and manoeuvrability, and compensates for weight fluctuations due to cargo load levels and fuel and water consumption. The ballast water treatment is used to maintain safe operating conditions throughout a voyage.
Asia-Pacific was the largest region in the ballast water treatment market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the ballast water treatment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main ballast water treatment technologies are physical disinfection, mechanical methods, and chemical methods. Physical disinfection refers to physically treating something by passing it through a filter to remove living creatures and dirt with a particle size of 50 microns or larger. The various capacities are less than 1,500 m3, 1,500-5,000 m3 and more than 5,000 m3. The services offered are installation and calibration, performance measurement and recommissioning, and different types of ships are container ships, dry bulk carriers, tankers, general cargoes, and other ship types.
An increase in focus on conserving marine ecosystems from pollutants is driving the growth of the ballast water treatment market. Marine ecosystems are aquatic settings with high dissolved salt levels. These include the open ocean, the deep sea, and coastal marine habitats, each with its own set of physical and biological characteristics. Pollution affects many sectors and is inextricably linked to the other planetary issues of climate change and biodiversity loss. Combating marine pollution is a worldwide concern that requires a global response if it is to be minimized. For instance, according to the United Nations Environment Programme (UNEP), in June 2022, the amount of marine litter and plastic debris is quickly increasing. Without serious action, plastic emissions into aquatic environments are expected to nearly quadruple by 2040. Thousands of people entered Altice Arena in Lisbon, Portugal, for the United Nations Ocean Conference. Taking advantage of the event's worldwide momentum, experts are advocating for a new international commitment to battle pollution, including at sea. Therefore, an increase in focus on conserving marine ecosystems from pollutants is expected to propel the growth of the ballast water treatment market.
Technological advancement is a key trend in the ballast water treatment market. Major market players are focusing their efforts on creating innovative technologies such as ballast water management systems. For instance, in September 2021, Langh Tech, a Finnish technology company, entered the ballast water treatment market with the introduction of a new UV-C-based ballast water management system. Langh Tech achieves these specifications with a type-approved ballast water management system that comprises fine filtration as well as effective UV-C irradiation treatment. The technology is designed for retrofit vessels, confined areas, and particularly difficult operating circumstances.
In October 2021, Xylem, a US-based company engaged in technology providers, enabling customers to treat, treat, transport, test, and efficiently use water in public utilities, acquired Anadolu Flygt for an undisclosed amount. The acquisition will enable the firm to serve a greater range of countries in the region as well as accelerate Xylem's expansion in the Middle East market with an expanded array of digital water solutions and proven technologies for sustainable water use. Anadolu Flygt is a Turkey-based company engaged in ballast water treatment systems.
The countries covered in the Ballast Water Treatment Market market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The ballast water treatment market research report is one of a series of new reports from The Business Research Company that provides ballast water treatment market statistics, including ballast water treatment industry global market size, regional shares, competitors with a ballast water treatment market share, detailed ballast water treatment market segments, market trends and opportunities, and any further data you may need to thrive in the ballast water treatment industry. This ballast water treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Ballast Water Treatment Market Characteristics
3. Ballast Water Treatment Market Trends And Strategies
4. Ballast Water Treatment Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Ballast Water Treatment Market
- 4.2. Ukraine-Russia War Impact On Ballast Water Treatment Market
- 4.3. Impact Of High Inflation On Ballast Water Treatment Market
5. Ballast Water Treatment Market Size And Growth
- 5.1. Global Ballast Water Treatment Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Ballast Water Treatment Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Ballast Water Treatment Market Segmentation
- 6.1. Global Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Physical Disinfection
- Mechanical Method
- Chemical Method
- 6.2. Global Ballast Water Treatment Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Less Than 1,500 m3
- 1,500-5,000 m3
- More Than 5,000 m3
- 6.3. Global Ballast Water Treatment Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Installation And Calibration
- Performance Measurement
- Recommissioning
- 6.4. Global Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Container Ships
- Dry Bulk Carriers
- Tankers
- General Cargos
- Other Ship Types
7. Ballast Water Treatment Market Regional And Country Analysis
- 7.1. Global Ballast Water Treatment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Ballast Water Treatment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Ballast Water Treatment Market
- 8.1. Asia-Pacific Ballast Water Treatment Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Ballast Water Treatment Market
- 9.1. China Ballast Water Treatment Market Overview
- 9.2. China Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Ballast Water Treatment Market
- 10.1. India Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Ballast Water Treatment Market
- 11.1. Japan Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Ballast Water Treatment Market
- 12.1. Australia Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Ballast Water Treatment Market
- 13.1. Indonesia Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Ballast Water Treatment Market
- 14.1. South Korea Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Ballast Water Treatment Market
- 15.1. Western Europe Ballast Water Treatment Market Overview
- 15.2. Western Europe Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Ballast Water Treatment Market
- 16.1. UK Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Ballast Water Treatment Market
- 17.1. Germany Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Ballast Water Treatment Market
- 18.1. France Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Ballast Water Treatment Market
- 19.1. Eastern Europe Ballast Water Treatment Market Overview
- 19.2. Eastern Europe Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Ballast Water Treatment Market
- 20.1. Russia Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Ballast Water Treatment Market
- 21.1. North America Ballast Water Treatment Market Overview
- 21.2. North America Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Ballast Water Treatment Market
- 22.1. USA Ballast Water Treatment Market Overview
- 22.2. USA Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Ballast Water Treatment Market
- 23.1. South America Ballast Water Treatment Market Overview
- 23.2. South America Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Ballast Water Treatment Market
- 24.1. Brazil Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Ballast Water Treatment Market
- 25.1. Middle East Ballast Water Treatment Market Overview
- 25.2. Middle East Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Ballast Water Treatment Market
- 26.1. Africa Ballast Water Treatment Market Overview
- 26.2. Africa Ballast Water Treatment Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Ballast Water Treatment Market, Segmentation By Ship Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Ballast Water Treatment Market Competitive Landscape And Company Profiles
- 27.1. Ballast Water Treatment Market Competitive Landscape
- 27.2. Ballast Water Treatment Market Company Profiles
- 27.2.1. Wartsila Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Xylem Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Evoqua Water Technologies LLC
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Calgon Carbon Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Ecochlor Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Ballast Water Treatment Market
29. Ballast Water Treatment Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer