Global Ballast Water Management Market: Industry Analysis & Outlook ( )
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1 Industry Research by Koncept Analytics Global Ballast Water Management Market: Industry Analysis & Outlook September 2017 Global Ballast Water Management Market: Industry Analysis & Outlook 1
2 Executive Summary Ballast water has been an integral component of the ship s stability since the steel hulled vessels have been introduced. Ballast water is pumped in to maintain safe operating conditions throughout a voyage. This practice reduces stress on the hull, provides transverse stability, improves propulsion and maneuverability, and compensates for weight changes in various cargo load levels and due to fuel and water consumption. While ballast water is essential for safe and efficient modern shipping operations, it may pose serious ecological, economic and health problems due to the multitude of marine species carried in ships ballast water. Cruise ships, large tankers, and bulk cargo carriers use a huge amount of ballast water, which is often taken on in the coastal waters in one region after ships discharge wastewater or unload cargo, and discharged at the next port of call, wherever more cargo is loaded. The introduction of these harmful marine organisms and other similar pathogens has caused major damage to many of the worlds coastal regions and bio-diversities over the years. There are variety of technologies available in the market for treating ballast water on ships. In order to ensure that ships comply with the rules and regulations set by International Maritime Organization (IMO) regarding Ballast Water Management, several shipping operators have started implementing ballast water treatment systems on their ships. The global ballast water management market is set to experience favorable growth driven by factors such as increasing sea borne trade, increasing number of merchant ships and accelerating economic development and growing healthcare concern. The major trends observed in this market include technological advancements, rising adoption of IMO regulations and new convention for ballast water. However, the growth of this budding market is constrained by challenges such as high costs associated, stringent approval process and complexities in the ballast water treatment system. The report Global Ballast Water Management Market: Industry Analysis & Outlook analyses the development of this market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: Alfa Laval AB, Veolia Environnement S.A., Wärtsilä Corporation and GEA group are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global ballast water management market. Global Ballast Water Management Market: Industry Analysis & Outlook 2
3 Units US$ Billion Rising sea borne trade and increasing number of merchant ships will drive the market for ballast water management globally.. lobal Ballast Water Treatment Market Forecast by Value Global ballast water treatment market is anticipated to reach US$..billion by the year 2021, increasing from US$..billion in 2017, recording growth at a CAGR of..% for the period spanning Global installation of BWTS is estimated to reach..units by the year 2021, increasing from..units in 2016, recording growth at a CAGR of..% for the period spanning By technology., ultraviolet segment held the share of..% in terms of volume, followed by electrochlorination with..% share for the year Global BWTS Installation Volume Forecast ( ) Global BWTS Volume by Technology (2016) Ultraviolet Deoxygenation Others Electrochlorination Ozone Global Ballast Water Management Market: Industry Analysis & Outlook 3
4 US$ Billion US$ Billlion Number of Ships Accelerating economic development and growing health care concern supported the market for ballast water management globally.. Global BWTS Installation by Country (2016) In Greece, the fleet owners have..fleets with BWTS equipped and..on order. The majority of Japanese owned ships reported to have..fleets with BWTS equipped, while.. were on order for the year The capital expenditure incurred on BWTS installation for Ultraviolet Light was valued at US$.. billion in 2016 and likely to reach by US$.. billion in For Electrochlorination, the capital expenditure incurred stood at US$..billion in 2016 and likely to be recorded at US$..billion in Fleet Orderbook Global Capital Expenditure on BWTS by Technology ( ) Global ballast water equipment market is anticipated to reach US$..billion by the year 2021, increasing from US$..billion in 2016, recording growth at a CAGR of..% for the period spanning Global Ballast Water Equipment Market Forecast by Value ( ) Ultraviolet Light Electrochlorination Advanced Oxidation Other Global Ballast Water Management Market: Industry Analysis & Outlook 4
5 Contact Us: Disclaimer This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P T: M: vikas@konceptanalytics.com Global Ballast Water Management Market: Industry Analysis & Outlook 5
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