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Ballast Water Treatment Market


Semiconductor & Electronics
Semiconductor Materials & Components

The ballast water treatment market was valued at USD 14.29 Billion in 2016 and is expected to reach USD 118.77 Billion by 2022, at a CAGR of 37.19% during the forecast period. The growth of this market is propelled by the increasing government rules and regulations for the installation of BWT systems in the ships.

The report covers the BWT market on the basis of technology, capacity, service, ship type, and geography. The ballast water treatment market is expected to be led by the tankers segment during the forecast period. The growth of this market is propelled by the high demand for BWT for improving the operations, optimizing resource utilization, and increasing the profitability in the medicine manufacturing firms.

The physical disinfection technology used for the treatment of ballast water has dominated the ballast water treatment market in terms of market size. Physical disinfection helps in removing or deactivating the microorganisms from the ballast water without adding any toxic substance to it. Also, the methods used in physical disinfection allow easy installation, operation, and maintenance. This method is extensively implemented across the globe to treat ballast water, and it is most effective against a wide range of organisms, such as marine worm larvae, juvenile barnacles, juvenile bivalves, flatworms, and diatoms. Physical disinfection also offers considerable advantages such as ease of operation and high level of efficiency.

The tankers segment is expected to witness significant growth in the BWT market during the forecast period. Tankers are extremely important in the shipping industry as they help to transport huge quantities of crude oil, chemicals, petroleum, and LNG, among others, across the oceans and seas. The continuously evolving crude oil industry is a major factor governing the global trade.

APAC held the largest size of the ballast water treatment market in 2016. The presence of a large number of ports and harbors for trade of automotive components, oil and chemicals, electronic components, and devices, among others, contributes to the market growth in the APAC region. This further makes use of various kinds of vessels such as containers, tankers, and other cargo ships. Since the IMO has made it mandatory to install BWT systems in the ships, it is expected to drive the demand for BWT systems.

Ballast Water Treatment Market

The key factors restraining the growth of the ballast water treatment market are the continuously evolving government standards and the high cost of installation and maintenance.

Some of the major companies operating in the BWT market are Wärtsilä Corporation (Finland), Xylem Inc. (U.S.), Evoqua Water Technologies LLC (U.S.), Calgon Carbon Corporation (U.S.), Ecochlor, Inc. (U.S.), Veolia Environnement S.A. (France), Alfa Laval AB (Sweden), Trojan Marinex (Canada), Mitsubishi Heavy Industries, Ltd. (Japan), atg UV Technology (U.K.), Qingdao Headway Technology Co., Ltd. (China), JFE Engineering Corporation (Japan), and Optimarin AS (Norway), among others.

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