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Ballast Water Management Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 134
  • SKU: IRTNTR44125
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The ballast water management market share is expected to increase by USD 3.21 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.73%.

This ballast water management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ballast water management market segmentations by technology (physical disinfection, chemical method, and mechanical method) and geographic (APAC, Europe, North America, MEA, and South America). The ballast water management market report also offers information on several market vendors, including Alfa Laval AB, Ecochlor Inc., Evoqua Water Technologies LLC, GEA Group Aktiengesellschaft, Headway Technology Group (Qingdao) Co. Ltd., PANASIA Co. Ltd., Samsung Heavy Industries Co. Ltd., VEOLIA ENVIRONNEMENT SA, Wartsila Corp., and Xylem Inc. among others.

What will the Ballast Water Management Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Ballast Water Management Market Size for the Forecast Period and Other Important Statistics

 

Ballast Water Management Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The adverse impact of untreated ballast water on marine environment is notably driving the ballast water management market growth, although factors such as high cost of ballast water management may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the ballast water management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Ballast Water Management Market Driver

One of the key factors driving the ballast water management market growth is the adverse impact of untreated ballast water on marine environment. Ballast water is the seawater that ships take onboard and store in the ballast tanks for improving stability and balance during loading and unloading. The ballast water is taken in along the coastal waters when the ship begins the voyage and is adjusted in the journey as the cargo is loaded and unloaded. However, the ballast water might contain organisms that are not native to the environment in which they are released. Hence, such non-native species begin to out-compete the local species, which is supposed invasive. According to the Nonindigenous Aquatic Nuisance Prevention and Control Act of 1990, invasive species are defined as non-indigenous species that endanger the abundance or diversity of native species, the ecological stability of infested waters, and/or any commercial and agricultural facility via aquaculture, or recreational activities carried out on such waters. Hence, such adverse impact of ballast water on the marine environment as well as the ballast tank coatings creates the need for efficient management of ballast water, thereby boosting the growth of the market in focus.

Key Ballast Water Management Market Trend

Another key factor driving ballast water management market growth is emergence of technological advances. To overcome the limitations of traditional ballast water management systems and stimulate the demand in the market, vendors are introducing technologically advanced solutions to make ballast water management convenient for shipowners. For instance, Flow Water Technologies Ltd. (Flow Water Technologies) is a dedicated ballast water management engineering firm with wide experience in water treatment solutions. In January 2019, the company designed a new offset carbon-neutral ballast water management system called FlowSafe. The modular turnkey system is extremely compact and consists of one machine and multiple ballast lines, thus making it ideal for pump rooms or tankers that are difficult to fit. FlowSafe is a filter-less solution, which is offset carbon neutral, as it eliminates the need for any additional generator. Hence, such developments in the characteristics of systems will enhance the efficiency of operations of ballast water management, which will stimulate their demand and propel the market growth.

Key Ballast Water Management Market Challenge

High cost of ballast water management is one of the key challenges hindering the ballast water management market growth. The initial capital expenditure necessary for ballast water exchange depends on whether new air pipework needs to be installed or the existing pipework can be modified to reach the exchange target. However, with the mandatory transition from ballast exchange to ballast treatment, the capital expenditure involved will be much higher due to the necessary installation of treatment systems. Some of these costs involved include delay in shipping, higher ship capital and running costs, exchange costs, treatment costs, and enforcement costs. For instance, the installation of a ballast water management system on a very large crude carrier can cost up to $25 per dwt. Hence, the high costs involved in the use of ballast water management systems might limit the adoption of such systems, thereby restricting the growth of the market in focus.

This ballast water management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global ballast water management market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ballast water management market during the forecast period.

Who are the Major Ballast Water Management Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • Alfa Laval AB
  • Ecochlor Inc.
  • Evoqua Water Technologies LLC
  • GEA Group Aktiengesellschaft
  • Headway Technology Group (Qingdao) Co. Ltd.
  • PANASIA Co. Ltd.
  • Samsung Heavy Industries Co. Ltd.
  • VEOLIA ENVIRONNEMENT SA
  • Wartsila Corp.
  • Xylem Inc.

This statistical study of the ballast water management market encompasses successful business strategies deployed by the key vendors. The ballast water management market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

  • Alfa Laval AB - The company offers PureBallast 3.1.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The ballast water management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ballast Water Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the ballast water management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Ballast Water Management Market?

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45% of the market’s growth will originate from APAC during the forecast period. Marshall Islands, Singapore and China are the key markets for ballast water management in APAC. Market growth in this region will be slower than the growth of the market in MEA regions.

The demand for ballast water management systems in the region has been rising, as the shipowners have been working on making their vessels compliant with the BWM Convention regulations that came into force in September 2017 for all the new build vessels. For instance, in January 2019, Wärtsilä secured 13 contracts for its Aquarius UV ballast water management system from global shipping operators for the ships being built at yards in China. Moreover, several initiatives are being undertaken to boost the adoption of ballast water management in the region over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Ballast Water Management Market?

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The ballast water management market share growth by the physical disinfection will be significant during the forecast period. This segment includes UV light, ultrasound, heat, deoxygenation, coagulation, cavitation, and pressure or vacuum-based systems for ballast water management. Vendors are developing technologically advanced systems to overcome the shortcomings of existing systems, such as cleaning of lamps. For instance, in April 2019, SKF Marine GmbH launched a ballast water management system comprising a technology that solves the recurrent problem (cleaning the lamp surface) with the old UV-based systems. This new UV-based system ensures continuous operation, as there is no need to stop and clean the lamps, as well as an added environment-friendly routine since no chemicals are discharged along with the ballast water, thereby driving the demand for this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ballast water management market size and actionable market insights on post COVID-19 impact on each segment.

 

Ballast Water Management Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.73%

Market growth 2021-2025

$ 3.21 billion

Market structure

Fragmented

YoY growth (%)

4.05

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 45%

Key consumer countries

Panama, Liberia, Marshall Islands, Singapore, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alfa Laval AB, Ecochlor Inc., Evoqua Water Technologies LLC, GEA Group Aktiengesellschaft, Headway Technology Group (Qingdao) Co. Ltd., PANASIA Co. Ltd., Samsung Heavy Industries Co. Ltd., VEOLIA ENVIRONNEMENT SA, Wartsila Corp., and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ballast Water Management Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive ballast water management market growth during the next five years
  • Precise estimation of the ballast water management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ballast water management industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of ballast water management market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
    • Exhibit 03: Value Chain Analysis: Facilities Services
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 05: Market segments
    • 3.2 Market segment analysis
      • 3.3 Market size 2020
        • 3.4 Market outlook: Forecast for 2020 - 2025
          • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
          • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

        4 Five Forces Analysis

        • 4.1 Five forces summary
          • Exhibit 09: Bargaining power of buyers
        • 4.2 Bargaining power of buyers
          • Exhibit 10: Bargaining power of suppliers
        • 4.3 Bargaining power of suppliers
          • Exhibit 11: Threat of new entrants
        • 4.4 Threat of new entrants
          • 4.5 Threat of substitutes
            • Exhibit 12: Threat of substitutes
          • 4.6 Threat of rivalry
            • Exhibit 13: Threat of rivalry
            • Exhibit 14: Market condition - Five forces 2020
          • 4.7 Market condition

            5 Market Segmentation by Technology

            • 5.1 Market segments
              • Exhibit 16: Comparison by Technology
            • 5.2 Comparison by Technology
              • Exhibit 17: Physical disinfection - Market size and forecast 2020-2025 ($ billion)
            • 5.3 Physical disinfection - Market size and forecast 2020-2025
              • Exhibit 18: Physical disinfection - Year-over-year growth 2020-2025 (%)
              • Exhibit 19: Chemical method - Market size and forecast 2020-2025 ($ billion)
            • 5.4 Chemical method - Market size and forecast 2020-2025
              • Exhibit 20: Chemical method - Year-over-year growth 2020-2025 (%)
              • Exhibit 21: Mechanical method - Market size and forecast 2020-2025 ($ billion)
            • 5.5 Mechanical method - Market size and forecast 2020-2025
              • Exhibit 22: Mechanical method - Year-over-year growth 2020-2025 (%)
              • Exhibit 23: Market opportunity by Technology
            • 5.6 Market opportunity by Technology

              6 Customer landscape

              • 6.1 Overview

                7 Geographic Landscape

                • 7.1 Geographic segmentation
                  • Exhibit 26: Geographic comparison
                • 7.2 Geographic comparison
                  • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ billion)
                • 7.3 APAC - Market size and forecast 2020-2025
                  • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
                  • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
                • 7.4 Europe - Market size and forecast 2020-2025
                  • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
                  • Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
                • 7.5 North America - Market size and forecast 2020-2025
                  • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
                  • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ billion)
                • 7.6 MEA - Market size and forecast 2020-2025
                  • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
                  • Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
                • 7.7 South America - Market size and forecast 2020-2025
                  • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
                  • Exhibit 37: Key leading countries
                • 7.8 Key leading countries
                  • 7.9 Market opportunity by geography
                    • Exhibit 38: Market opportunity by geography ($ billion)

                  8 Drivers, Challenges, and Trends

                  • 8.1 Market drivers
                    • 8.2 Market challenges
                      • Exhibit 39: Impact of drivers and challenges
                    • 8.3 Market trends

                      9 Vendor Landscape

                      • 9.1 Competitive scenario
                        • 9.2 Vendor landscape
                          • Exhibit 41: Landscape disruption
                        • 9.3 Landscape disruption
                          • Exhibit 42: Industry risks

                        10 Vendor Analysis

                        • 10.1 Vendors covered
                          • 10.2 Market positioning of vendors
                            • Exhibit 44: Market positioning of vendors
                            • Exhibit 45: Alfa Laval AB - Overview
                            • Exhibit 46: Alfa Laval AB - Business segments
                          • 10.3 Alfa Laval AB
                            • Exhibit 47: Alfa Laval AB - Key news
                            • Exhibit 48: Alfa Laval AB - Key offerings
                            • Exhibit 49: Alfa Laval AB - Segment focus
                            • Exhibit 50: Ecochlor Inc. - Overview
                            • Exhibit 51: Ecochlor Inc. - Product and service
                            • Exhibit 52: Ecochlor Inc. - Key offerings
                          • 10.4 Ecochlor Inc.
                            • Exhibit 53: Evoqua Water Technologies LLC - Overview
                            • Exhibit 54: Evoqua Water Technologies LLC - Business segments
                          • 10.5 Evoqua Water Technologies LLC
                            • Exhibit 55: Evoqua Water Technologies LLC - Key offerings
                            • Exhibit 56: Evoqua Water Technologies LLC - Segment focus
                            • Exhibit 57: GEA Group Aktiengesellschaft - Overview
                            • Exhibit 58: GEA Group Aktiengesellschaft - Business segments
                          • 10.6 GEA Group Aktiengesellschaft
                            • Exhibit 59: GEA Group Aktiengesellschaft - Key news
                            • Exhibit 60: GEA Group Aktiengesellschaft - Key offerings
                            • Exhibit 61: GEA Group Aktiengesellschaft - Segment focus
                            • Exhibit 62: Headway Technology Group (Qingdao) Co. Ltd. - Overview
                            • Exhibit 63: Headway Technology Group (Qingdao) Co. Ltd. - Product and service
                            • Exhibit 64: Headway Technology Group (Qingdao) Co. Ltd. - Key offerings
                          • 10.7 Headway Technology Group (Qingdao) Co. Ltd.
                            • Exhibit 65: PANASIA Co. Ltd. - Overview
                            • Exhibit 66: PANASIA Co. Ltd. - Product and service
                            • Exhibit 67: PANASIA Co. Ltd. - Key offerings
                          • 10.8 PANASIA Co. Ltd.
                            • Exhibit 68: Samsung Heavy Industries Co. Ltd. - Overview
                            • Exhibit 69: Samsung Heavy Industries Co. Ltd. - Business segments
                          • 10.9 Samsung Heavy Industries Co. Ltd.
                            • Exhibit 70: Samsung Heavy Industries Co. Ltd. - Key offerings
                            • Exhibit 71: Samsung Heavy Industries Co. Ltd. - Segment focus
                            • Exhibit 72: VEOLIA ENVIRONNEMENT SA - Overview
                            • Exhibit 73: VEOLIA ENVIRONNEMENT SA - Business segments
                          • 10.10 VEOLIA ENVIRONNEMENT SA
                            • Exhibit 74: VEOLIA ENVIRONNEMENT SA- Key news
                            • Exhibit 75: VEOLIA ENVIRONNEMENT SA - Key offerings
                            • Exhibit 76: VEOLIA ENVIRONNEMENT SA - Segment focus
                            • Exhibit 77: Wartsila Corp. - Overview
                            • Exhibit 78: Wartsila Corp. - Business segments
                          • 10.11 Wartsila Corp.
                            • Exhibit 79: Wartsila Corp.- Key news
                            • Exhibit 80: Wartsila Corp. - Key offerings
                            • Exhibit 81: Wartsila Corp. - Segment focus
                            • Exhibit 82: Xylem Inc. - Overview
                            • Exhibit 83: Xylem Inc. - Business segments
                          • 10.12 Xylem Inc.
                            • Exhibit 84: Xylem Inc. - Key offerings
                            • Exhibit 85: Xylem Inc. - Segment focus

                          11 Appendix

                          • 11.1 Scope of the report
                            • Exhibit 86: Currency conversion rates for US$
                          • 11.2 Currency conversion rates for US$
                            • Exhibit 87: Research Methodology
                          • 11.3 Research methodology
                            • Exhibit 88: Validation techniques employed for market sizing
                            • Exhibit 89: Information sources
                            • Exhibit 90: List of abbreviations
                          • 11.4 List of abbreviations

                            Research Framework

                            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                            TechnavioINFORMATION SOURCES

                            Primary sources

                            • Manufacturers and suppliers
                            • Channel partners
                            • Industry experts
                            • Strategic decision makers

                            Secondary sources

                            • Industry journals and periodicals
                            • Government data
                            • Financial reports of key industry players
                            • Historical data
                            • Press releases
                            Technavio

                            TechnavioDATA ANALYSIS

                            Data Synthesis

                            • Collation of data
                            • Estimation of key figures
                            • Analysis of derived insights

                            Data Validation

                            • Triangulation with data models
                            • Reference against proprietary databases
                            • Corroboration with industry experts
                            Technavio

                            TechnavioREPORT WRITING

                            Qualitative

                            • Market drivers
                            • Market challenges
                            • Market trends
                            • Five forces analysis

                            Quantitative

                            • Market size and forecast
                            • Market segmentation
                            • Geographical insights
                            • Competitive landscape
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                            The ballast water management market growth will increase by $3.21 billion during 2021-2025.
                            The ballast water management market is expected to grow at a CAGR of 4.73% during 2021-2025.
                            Technavio has segmented the ballast water management market by technology (Physical disinfection, Chemical method, and Mechanical method) and geographic (APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America).
                            Alfa Laval AB, Ecochlor Inc., Evoqua Water Technologies LLC, GEA Group Aktiengesellschaft, Headway Technology Group (Qingdao) Co. Ltd., PANASIA Co. Ltd., Samsung Heavy Industries Co. Ltd., VEOLIA ENVIRONNEMENT SA, Wartsila Corp., Xylem Inc. are a few of the key vendors in the ballast water management market.
                            APAC will register the highest growth rate of 44.55% among the other regions. Therefore, the ballast water management market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                            • Panama
                            • Liberia
                            • Marshall Islands
                            • Singapore
                            • China
                            The key factors driving the ballast water management market growth are:
                            • Adverse impact of untreated ballast water on marine environment
                            • Advent of ballast-free vessels
                            The ballast water management market vendors should focus on grabbing business opportunities from the physical disinfection segment as it accounted for the largest market share in the base year.
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