According to Stratistics MRC, the Global Ballast Water Treatment Systems (BWTS) Market is accounted for $38.34 billion in 2019 and is expected to reach $420.52 billion by 2027 growing at a CAGR of 34.9% during the forecast period. Some of the key factors propelling the market growth include growth in the size of shipping industry trade volume, rising government initiatives in line with the international maritime organization (IMO) regulations, increasing demand to optimize the utilization of resources, growing awareness about the benefits of water treatment and increasing demand for clean drinking water. However, the high cost of physical treatment systems and inclination for mechanical and chemical treatments are limiting the growth of the ballast water treatment systems (BWTS) market.
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On the basis of geography, Asia Pacific is the key region of the market, due to increasing demand for clean drinking water and increase in trade of building & infrastructure materials automotive machinery & equipment, food & beverages, cosmetics, medical & healthcare, and mining equipment. This region remains a key growth market for BWTS with an increase in ocean freight volumes from various countries such as China, India, and South Korea to other parts of the world. It is anticipated that growth in the ocean freight over the coming years, will result in the higher adoption of Marine Environmental Protection program, which in turn will spur market growth. Growing number of containers ships & tankers along with strong trade volume in the region is further adding to the regional growth.
Some of the key players in Ballast Water Treatment Systems (BWTS) Market include Alfa Laval AB, ATG UV Technology, Headway Technology Co., Ltd., Trojan Marinex, GenSys GmbH, Damen Shipyards Group, Calgon Carbon Corporation, Wärtsilä Corporation, GEA Group, Hitachi, Xylem Inc., Evoqua Water Technologies LLC, Siemens, Coldharbour Marine Ltd., Mitsubishi Heavy Industries Ltd., Veolia Environnement S.A., Ferrate Treatment Technologies, LLC, and Auramarine Ltd.
Types Covered:
• High Ballast Dependent Vessels
• Low Ballast Dependent Vessels
• Reefer Ship
• Multi-purpose Vessels
Technologies Covered:
• Mechanical Method
• Physical Disinfection
• Chemical Method
Tank Capacities Covered:
• Greater than 5,000m3
• 1,500-5,000m3
• Less than 1,500m3
Services Covered:
• Performance Measurement
• Manufacturing, Installation and Calibration
• Recommissioning
Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider
Applications Covered:
• Portable
• Stationary
• Modify Ship
• New Build Ship
End Users Covered:
• Military
• Marine
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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