Global Ballast Water Treatment System Market Research Report 2024(Status and Outlook)

Global Ballast Water Treatment System Market Research Report 2024(Status and Outlook)

Report Overview

The ballast water treatment system injects an inert gas (such as nitrogen) into the tank or the ballast flow to asphyxiate the organisms. This system can be effective, but it is important to note that this process takes two to four days and requires the tanks to be sealed against atmospheric oxygen.

The global Ballast Water Treatment System market size is projected to reach US$ 9842.20 Million by 2024, from US$ 4593.41 million in 2021, at a CAGR of 28.92% during 2022-2024. However, it is estimated that there will be overcapacity after 2024, and the market demand will only depend on the new shipbuilding market. It is estimated that the market size will be stable at about US$ 750 million per year after 2024. In 2004, the Ballast Water Management Convention or BWM Convention was promulgated. The convention requires ships built after 2016 to have ballast water treatment systems installed at the time of construction. It is estimated that by 2024, there will still be 15,000-20,000 ships in the world with the installation demand for ballast water treatment systems, and will usher in the installation peak in 2022. After 2024, the market demand for the entire Ballast Water Treatment Systems industry will be cleared, leaving only the market demand for new ships. This will bring about a huge drop in demand.

Other than just adjusting the overall weight of the vessel to distribute it evenly throughout the ship, ballast water management becomes all the more important during loading and unloading, thereby, providing more stability and maneuverability during transit. In addition, the need for ecological protection, wash contaminants, etc. will also bring impetus to the sustainable development of the Ballast Water Treatment Systems market.

Segment by Type, the Ballast Water Treatment System can be split into Chemical Method, Physical Method, etc. Chemical Method has been dominating the market from 2017-2021. In 2021, Chemical Method's market share will account for 63.50% of the entire market size, higher than Physical Method's 36.5%. During the forecast period of 2022-2028, the market size of Chemical Method and Physical Method will decline at a CAGR of -28.39% and -27.99%, respectively, due to the sharp decline in market demand.

On basis of geography, the Ballast Water Treatment System market is segmented into North America, Europe, Asia-Pacific, South America ,Middle East and Africa, etc. In 2017-2021, the Asia-Pacific market holds the highest market share. In 2021, the Asia-Pacific market share will reach 46.05% of the entire market size, much higher than other regional markets. During the forecast period of 2022-2028, the size of all markets will be in a state of decline, but the Asia-Pacific market will continue to dominate the overall Ballast Water Treatment Systems market.

According to the application scenarios, the Ballast Water Treatment Systems market is mainly divided into Modify Ship and New Build Ship. During 2017-2021, the Modify Ship market accounted for the highest market share. In 2021, the market share of Modify Ship will reach 82.61% of the entire market size, corresponding to 17.39% of the New Build Ship market. During the forecast period from 2022 to 2028, the size of the Modify Ship market will decline significantly until it returns to 0. The New Build Ship market size will also decline at a CAGR of -1.25%, but its market share will eventually reach 100%.

Overall, the market concentration of Ballast Water Treatment Systems is low and competition is fierce. In 2021, Ballast Water Treatment Systems' market concentration measure CR5 is 37.34% (including JFE Engineering, Alfa Laval, Qingdao Headway Technology, Panasia, Qingdao Sunrui,) and HHI is 2.79%. Other key market players of Ballast Water Treatment Systems include Techcross, Wartsila Industrie De Nora, Mitsubishi Heavy Industries, Desmi, NEI Treatment Systems, Ecochlor, Hyde Marine, Bright Sky, Optimarin, Erma First, NK Co., Ltd, and TeamTec AS.

This report provides a deep insight into the global Ballast Water Treatment System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Ballast Water Treatment System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Ballast Water Treatment System market in any manner.

Global Ballast Water Treatment System Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

JFE Engineering

Alfa Laval

Qingdao Headway Technology

Panasia

Qingdao Sunrui

Techcross

Wartsila Water

Industrie De Nora

Mitsubishi Heavy Industries

Desmi

NEI Treatment Systems

Ecochlor

Hyde Marine

Bright Sky

Optimarin

Erma First

NK Co., Ltd

TeamTec AS

Market Segmentation (by Type)

Chemical Method

Physical Method

Market Segmentation (by Application)

Modify Ship

New Build Ship

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Ballast Water Treatment System Market

Overview of the regional outlook of the Ballast Water Treatment System Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Ballast Water Treatment System Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.