Ballast Water Treatment: Technologies and Global Markets
Report Highlights
The global market for ballast water treatment technologies is estimated to increase from $79.9 billion in 2022 to reach $385.8 billion by 2027, at a compound annual growth rate (CAGR) of 37.0% from 2022 through 2027.
Report Includes
- 33 data tables and 43 additional tables
- A comprehensive overview and up-to-date analysis of the of the global ballast water treatment equipment industry
- Analyses of the global market trends, with market revenue (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for the global ballast water treatment technologies market in USD million values, and its corresponding market share analysis based on the technology type, ship ballast water capacity, vessel type, installation, and region
- In-depth information (facts and figures) concerning the major factors influencing the progress of this market (benefits, and industry-specific challenges) with respect to specific growth trends, upcoming technologies, prospects, and contributions to the overall market
- Holistic review of the impact of the COVID-19 pandemic and the Russia-Ukraine war on the ballast water treatment equipment industry
- Analysis of patents covering global patent activity to show technology trends and to identify companies with the largest intellectual property portfolios
- Deep dive of the number of patents and patent share analysis by technology, assignee or inventor, and country
- Insight into the recent industry structure for ballast water treatment technologies market, competitive aspects of each product segments, increasing investment on R&D activities, market growth strategies, and company revenue share analysis
- Updated information on competitive developments, such as joint ventures, mergers and acquisitions, new product development, expansions, and research and development (R&D) activities in the global market for ballast water treatment technologies
- Detailed company profiles of the leading global players, including BioMicrobics Inc., Evoqua Water Tech LLC, Industrie de Nora S.p.A., NK Co. Ltd., JFE Engineering Corp., and Techcross Inc.
Report Scope
The ballast water treatment technologies market is segmented by:
- Technology type: Electrochlorination, ultraviolet (UV), oxidation, ultrasound, disinfectant and others.
- Ballast water capacity: More than 5,000, 1,500-5,000 and less than 1,500.
- Vessel type: Bulk carriers, oil tankers, general cargo, container ships, and others.
- Installation: Portable and stationary.
- Region: North America, Europe, Asia-Pacific (APAC) and the Rest of the World (RoW).
Frequently Asked Questions (FAQs)
The projected market size of the global Ballast Water Treatment market is projected to grow from $67.3 billion in 2021 to $385.8 billion in 2027, at a compound annual growth rate (CAGR) of 37.0% during the forecast period.
The Ballast Water Treatment market is growing due to the following:
- Environmental regulatory requirements,
- Vessel age and replacement,
- Technological advancements,
- Increase in maritime trade.
The global market for Ballast Water Treatment market is segmented on the basis of different technologies, ballast water capacity, vessel type and installation.
Electrochlorination segment will dominate the market by the end of 2027.
Key companies in the market include ALFA LAVAL, BIO-UV Group, BioMicrobics Inc., Ecochlor, Kuraray and Techcross, among others.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2021 |
| Forecast period considered | 2022-2027 |
| Base year market size | $67.3 billion |
| Market size forecast | $385.8 billion |
| Growth rate | CAGR of 37.0% during the forecast period of 2022-2027 |
| Units considered | $ Millions |
| Segments covered | By Technology Type, Ship Ballast Water Capacity, Vessel Type, Installation, and Region |
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers |
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| Companies studied |
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Report Highlights
The global market for ballast water treatment equipment will grow from nearly $5.2 billion in 2015 to nearly $36.0 billion by 2020 with a compound annual growth rate (CAGR) of 47.1% for the period of 2015-2020.
Report Includes
- An overview of the global market for ballast treatment technologies, including solid-liquid separations, with and without coagulation and flocculation; chemical treatment, such as chlorination and ozonation; and physical treatment such as ultraviolet irradiation, gas injection, and ultrasonic processes.
- Analyses of market trends for four world regions, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- A presentation of legislative and other drivers by region and a discussion of pending International Maritime Organization regulations.
- A listing of the categories of seagoing vessels, i.e. cargo ships, cruise ships, ferries, tankers, affected by recent and expected rulings and the types of treatment equipment each will require.
- A patent analysis that reveals technical developments and firms with leading intellectual property portfolios.
- A discussion of industry structure.
- Comprehensive company profiles of key players in the market.
Report Highlights
The global ballast water treatment equipment market reached nearly $1.4 billion in 2012. This market is expected to grow to nearly $2.1 billion in 2013 and $8.5 billion in 2018 with a compound annual growth rate (CAGR) of 32.9% for the five-year period 2013 to 2018.
Report Includes
- An overview of the global market for ballast treatment technologies, including solid-liquid separations, with and without coagulation and flocculation; chemical treatment, such as chlorination and ozonation; and physical treatment such as ultraviolet irradiation, gas injection, and ultrasonic processes
- Analyses of market trends for four world regions, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) for the five year period, 2013 to 2018
- A presentation of legislative and other drivers by region and a discussion of pending International Maritime Organization regulations
- A listing of the categories of seagoing vessels, i.e. cargo ships, cruise ships, ferries, tankers, affected by recent and expected rulings and the types of treatment equipment each will require
- A patent analysis that reveals technical developments and firms with leading intellectual property portfolios
- A discussion of industry structure
- Comprehensive company profiles of more than 40 key players in the market.