Ballast Water Treatment Systems Sales To Increase 10% Amid Growing Demand For Physical Treatment Systems

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NEW YORK, December 2, 2021 / PRNewswire / – The global ballast water treatment system (BWTS) market is poised to grow at an impressive 10% CAGR between 2020 and 2030, according to Fact.MR in a recent market research. The increasing emphasis on protecting marine life and removing invasive marine species is expected to drive the market growth.

Maritime transport is a cost-effective and cost-effective means of transport for raw materials and various goods. According to data available from Eurostat, the total gross weight of goods transported in EU short sea shipping exceeded 1.8 billion tonnes in 2019. The growth of maritime trade in the world is expected to be the one of the main drivers of the BWTS market.

The International Maritime Organization (IMO) has set strict guidelines to protect marine life from extensive maritime activities. For example, the amendments to the MARPOL Annex published in January 2021 state requirements for the discharge of cargo residues and cargo washing containing high viscosity floaters, following concerns about the environmental impact of such discharges.

This should expand the possibilities for product development and innovation for market players. In addition, significant investments in the maritime trade sector in Asia Pacific (APAC) and Africa, supported by industrialization and urbanization are expected to stimulate the market.

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Supportive government policies and investments in these countries are boosting sales of cargo ships, ships and marine equipment. This trend can be seen in Italy, Germany, China, and India and is expected to boost sales of BWTS.

“The growing demand for physical processing in the APAC maritime trade sector is expected to drive the market. In addition, regulations requiring the mandatory installation of BWTS in new cargo ships and ships will continue to drive sales in the years to come, ”a Fact.MR analyst said.

Key points to remember:

  • Based on the treatment, the assessment of physical treatment should exceed US $ 4 billion by 2030.
  • In terms of reservoir capacity, the demand for systems between 1,500 and 5,000 m3 will remain high.
  • Stationary systems applications are expected to represent nearly 3/4e of the total market share.
  • The United States will continue to dominate North America ballast water treatment systems market due to booming maritime business activities.
  • China should carve out the lion’s share of the East Asia market, favored by government-backed investments in the maritime sector.
  • Growth drivers:
  • Expansion into the automotive, pharmaceutical and consumer goods sectors will boost business activity, leading to increased demand for BWTS.
  • The introduction of automatic flow control in BWTS is expected to fuel the market growth.

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Competitive landscape

Major players operating in the global ballast water treatment systems market are investing in research and development to improve their product portfolios. In addition to this, the players aim to gain a competitive advantage through mergers, acquisitions, collaborations and partnerships, thus strengthening their global presence.

For example, in March 2021, Damen Shipyards Group, based in the Netherlands, has secured financial support for a rental project of its InvaSave portable ballast water treatment system for customers of Africa, Latin America, and Asia.

The major players in the ballast water treatment systems market include:

  • Wärtsilä Corporation
  • Damen Shipyards Group
  • Alfa laval
  • atg Evoqua (Evoqua Water Technologies)
  • Coldharbour Marine Ltd
  • Ecochlorine
  • GEA Aktiengesellschaft Group
  • ERMA FIRST ESK Engineering S.
  • Ferrate Processing Technologies, LLP
  • Others

More Valuable Insights into the Ballast Water Treatment Systems Market

Fact.MR provides an unbiased analysis of the Ballast Water Treatment market, presenting historical demand data (2015-2019) and forecast statistics for the period 2020-2030. The study reveals compelling information on global ballast water treatment systems with detailed segmentation on the basis of:

Processing:

  • Chemical treatment
  • Physical treatment

Tank capacity:

  • Less than 1500 m3
  • 1,500 to 5,000 m3
  • More than 5000 m3

Application:

Regions:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • AEM

Key Questions Answered in the Ballast Water Treatment Systems Market Report

  • The report provides an overview of the demand outlook for the Ballast Water Treatment System market for 2020-2030.
  • The market study also highlights the expected sales growth for the Ballast Water Treatment System market between 2020 and 2030.
  • The Ballast Water Treatment Systems market research identifies key growth drivers, restraints, and other forces impacting dominant trends and evaluating the current market size and forecast and technological advancements within the industry.
  • Analysis of the Ballast Water Treatment Systems market share of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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