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Global Ballast Water Management Market 2017-2021

Global Ballast Water Management Market 2017-2021

About Ballast Water Management

Marine vessels take seawater onboard for stability; this water has a distinct marine environment signature with indigenous aquatic microbes and marine life. This ballast water, if released untreated at the vessel's new destination, may disrupt the local ecosystem. Ballast water management aims at reducing the harmful effects of ballast water disposal. The International Maritime Organization (IMO) adopted a convention for the control, management, and sedimentation of ballast water on February 2004.

Technavio’s analysts forecast the global ballast water management market to grow at a CAGR of 31.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global ballast water management market for 2017-2021. To calculate the market size, the report considers new installations and retrofit market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Ballast Water Management Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ALFA LAVAL
  • GEA Group
  • Hitachi
  • Veolia Water Technologies
  • Wärtsilä
Other prominent vendors
  • atg UV Technology
  • Azienda Chimica Genovese
  • Calgon Carbon Corporation
  • Ecochlor
  • Evoqua Water Technologies
  • Headway Technology and Services
  • Hyde Marine
  • JFE ENGINEERING
  • Kadalneer Technologies
  • Kalf Engineering
  • NK
  • Optimarin
  • Panasonic Environmental Systems & Engineering
  • Samsung Heavy Industries
  • TECHCROSS
  • Trojan Technologies
  • Xylem
Market driver
  • Growing popularity of leisure cruising
  • For a full, detailed list, view our report
Market challenge
  • High cost of implementation
  • For a full, detailed list, view our report
Market trend
  • Business collaborations to streamline operations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ballast Water Management Market 2017-2021

Technavio recognizes the following companies as the key players in the global ballast water management market: ALFA LAVAL, GEA Group, Hitachi, Veolia Water Technologies, and Wärtsilä.

Other Prominent Vendors in the market are: atg UV Technology, Azienda Chimica Genovese, Calgon Carbon Corporation, Ecochlor, Evoqua Water Technologies, Headway Technology and Services, Hyde Marine, JFE ENGINEERING, Kadalneer Technologies, Kalf Engineering, NK, Optimarin, Panasonic Environmental Systems & Engineering, Samsung Heavy Industries, TECHCROSS, Trojan Technologies, and Xylem.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is business collaborations to streamline operations. The IMO and USCG regulations will come into full force in 2017; until these regulations become effective, ballast water management vendors must find locations to establish their production facilities and services for ballast systems to be installed on marine ships. In early 2017, Wärtsilä was engaged in sealing deals with major global shipyards for establishing co-operation and communication in relation to the International Maritime Organization (IMO) Convention for the ballast water management.”

According to the report, one driver in the market is growing popularity of leisure cruising. One of the latest trends in global outbound travel is leisure cruising. A large number of people are traveling abroad for holidays. The global number rose by 75% during 2007-2014. During the same period, a huge boom in leisure cruising resulted in an increase in the number of passengers by a staggering 250% globally. By the end of 2017, the leisure cruising market is expected to witness an influx of 26 million passengers. With a total of 184 river cruise ships operating globally in 2016 and another 13 new river cruise ships booked for order in early 2017, it is expected to increase the demand for river cruise voyages.

Further, the report states that one challenge in the market is high cost of implementation. Though the adoption of ballast water management systems has increased gradually over the years due to their environmental benefits, these systems still come at a premium. Their installation costs are high, which dissuade early adoption. A ballast water management system can cost anywhere from $50,000 to $5 million, depending on the features and technology integrated within, which may include ultraviolet water treatment systems and chemical disinfection among others.

Companies Mentioned

ALFA LAVAL, GEA Group, Hitachi, Veolia Water Technologies, Wärtsilä, atg UV Technology, Azienda Chimica Genovese, Calgon Carbon Corporation, Ecochlor, Evoqua Water Technologies, Headway Technology and Services, Hyde Marine, JFE ENGINEERING, Kadalneer Technologies, Kalf Engineering, NK, Optimarin, Panasonic Environmental Systems & Engineering, Samsung Heavy Industries, TECHCROSS, Trojan Technologies, and Xylem.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Global ballast water management market
      • Table Ballast water management plan details
  • Market landscape
    • Market overview
      • Table Global ballast water management market: Overview 2016-2021
    • Market size and forecast
      • Table Global ballast water management market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global ballast water management market by technology
      • Table Global ballast water management market by technology 2016 and 2021 (%)
      • Table Global ballast water management market by technology 2016-2021 ($ billions)
    • Ultraviolet light technology
      • Table Global ballast water management market by ultraviolet light 2016-2021 ($ billions)
      • Table Advantages of different UV technologies
    • Electrolysis/electrochlorination technology
      • Table Global ballast water management market by electrolysis/electrochlorination 2016-2021 ($ billions)
      • Table Global fleet size by conventional vessel type 2015-2016 (% increment)
    • Advanced oxidation technology
      • Table Global ballast water management market by advanced oxidation 2016-2021 ($ billions)
      • Table Advantages of AO technology
  • Geographical segmentation
    • Global ballast water management market by geography
      • Table Global ballast water management market by geography 2016 and 2021 (%)
      • Table Global ballast water management market by geography 2016-2021 ($ billions)
    • EMEA
      • Table Ballast water management market in EMEA 2016-2021 ($ billions)
      • Table Vessel ownership in Europe 2016 (%)
    • APAC
      • Table Ballast water management market in APAC 2016-2021 ($ billions)
      • Table Alien marine species introduced into APAC
      • Table Vessel ownership in Asia 2016 (%)
    • Americas
      • Table Ballast water management market in Americas 2016-2021 ($ billions)
      • Table Vessel ownership in the Americas 2016 (%)
      • Table Cruise passengers in Americas 2015
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table USCG final rule implementation schedule
      • Table Global cruise ship passengers 2015 (%)
      • Table New cruise ship orders 2017-2019 and 2020-2026 (number of ships)
    • Market challenges
      • Table Ballast water treatment technologies
      • Table Chemicals and chemical process used in ballast water management systems
      • Table Baltic Dry Index, 2013-2017
      • Table Global Oil tankers on order indexing, 2011-2016
  • Market trends
    • Business collaborations to streamline operations
    • Financing of ballast water management systems
    • Increasing R&D activities in ballast water technologies
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • ALFA LAVAL
      • Table ALFA LAVAL: Ballast water management system products
      • Table ALFA LAVAL: Key news
    • GEA Group
      • Table GEA Group: Ballast water management system products
      • Table GEA Group: Key news
    • Hitachi
      • Table Hitachi: Ballast water management system products
    • Veolia Water Technologies
      • Table Veolia Water Technologies: Ballast water management system products
    • Wärtsilä
      • Table Wärtsilä: Ballast water management system products
      • Table Wärtsilä: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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