News Feed Item

Global Ballast Water Treatment Systems Market

LONDON, Jan. 22, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Global Ballast Water Treatment Systems Market

Progressive Events Towards IMO Ratification will Unify Market Structure and Augment Market Prospects

This research service on the global ballast water treatment systems market highlights the market trends, drivers and restraints, competitive dynamics, addressable market size, and forecasts for this market until 2023. Having a base year of 2013, the study throws light on the IMO Convention scenario and prospective opportunities for equipment suppliers post-ratification. Different ballast water treatment technologies, which are currently defining the market structure, have been discussed in detail followed by an elaborate analysis of the dominating technologies from 2005 to 2013, based on a robust reference list collated from key participants in the ballast water treatment systems market.

Key Findings

Market Size and Growth
• The 2013 global ballast water treatment systems (BWTS) market, which equalled a revenue total of $X million, is forecast to reach a market size of $Xbillion by 2023 experiencing a compound annual growth rate (CAGR) ofX%.
Europe will dominate market revenues from 2017 to 2019 while Asia-Pacific (APAC) will display consistent performance throughout the study period.

Market Dynamics
• Significant developments on the legislation front will boost market growth in this entirely regulation-driven market, after the expected International Maritime Organisation (IMO) certification ratification in 2014.
• The recent ratification by Germany to raise the dead weight tonnage (DWT) metrics to X%, along with additional support from US Coast Guard (USCG) and other state legislations, will play a significant role in sustaining the momentum for BWTS installations.
• The retrofit market will occupy a substantial per cent of the global market share during its peak installation period in 2018.

BWT Technologies
• Filtration + UV systems seem to have penetrated the BWTS market quite effectively. However, challenges due to energy intensity remain key concerns which are successfully being addressed by the newer models.
• Chemical treatment technologies using electro chlorination, electrolysis (EL), and electro chemical (EC) treatment, have carved a niche position for themselves in the market as well, especially in the case of bulk carriers and large tanker installations.
• Other processes using cavitation, heat, ultrasound, and Electro-Cleen systems are also being considered by ship owners for custom installations.

Competitive Structure
• Market competition has certainly intensified from X BWTS in the 2010 market scenario compared to the X competitors and approximatelyXBWTS in the current market situation.
• With more certainty about the legislation timeline and more clarity about the BWTS specifications and requirements, equipment suppliers are constantly striving to update their products according to market needs and customer preferences.
• Two major competitors launched upgraded product lines in 2013 with considerable improvements in power consumption and space savings criteria.

CEO's Perspective

1. The USCG regulations will supersede IMO ratification, thus providing an impetus to the BWTS market, even if the IMO Convention is not confirmed.
2. Filtration + UV will witness escalated market acceptance with key challenges linked with energy consumption being effectively addressed by the upgraded versions.
3. Market competition will significantly intensify among existing competitors, with the top X participants accounting for at least X% of the market.
4. Customers in Asia-Pacific will prefer cost- effective BWTS, while European ship owners will base their choice on aftersales services and associated environmental benefits.
5. Constant upgrades to product lines and strategic global partnerships will play a critical role for companies to achieve their growth objectives.

Market Definitions

• A ballast is a material that is used to provide stability to any structure.
Ballast water is the water that is taken on-board a vessel in order to maintain balance, stability, and structural integrity of the vessel, especially when the ship is empty, after discharging the cargo.
Ballast water discharge refers to the stored water that is discharged when the ship is loading the cargo, particularly to balance the ship's stability.
Ballast water capacity refers to the total volumetric capacity of the tank in a vessel used for storing, carrying, loading, and discharging the ballast water.
Ballast water treatment systems refer to the equipment which is used to process ballast water. The physical, chemical, biological, or mechanical methods used for treatment, can be used alone or in combination, to avoid or minimise the harmful effects of ballast water discharge containing harmful aquatic organisms and pathogens.

Market Overview

• Shipping transports close to X% of the global economic trade and ships require ballast water to maintain balance and stability of empty vessels, to ensure the safe and efficient operation of modern shipping.
• However, the ballast water taken at the port of embarking consists of a variety of organisms such as bacteria, viruses, plants, and animals that get transported to the new marine ecosystem at the port where the ship is loaded with cargo and the ballast water is discharged.
• Though most of these organisms, such as viruses and bacteria, perish in their new environment due to the challenges of an unfriendly aquatic atmosphere, many other invasive species such as worms, invertebrates, and other microbes survive these harsh conditions and pose a harmful threat for the native species prevailing in their natural waters.
• This situation became highly intense with the hostile species causing a major ecological shift and ultimately leading to ecosystem imbalances and economic damage.
• In order to halt the inadvertent mix of organisms through ballast water discharge, the International Maritime Organization (IMO) adopted the International Convention for the Control and Management of Ships' Ballast Water and Sediments in 2004, known as Ballast Water Management or the BWM Convention.
• The convention dictates two standards: D1.) ballast water exchange standard; and D2.) ballast water performance standard, for the safe discharge of ballast water and specifies definite timelines for adopting them. However, the D1 and D2 legislations will be adopted and the convention will only come into effectX months after X flag states—representing % of the world's shipping tonnage—ratify the Ballast Water Management Convention.
• As of 20 June 2013, the total number of contracting states to the BWM Convention reached X, representing X% of the world tonnage after the recent ratification by Germany.

Market Overview—Scope

Geographic coverage: Global
Study period: 2011–2023
Base year: 2013
Forecast period: 2014–2023
Monetary unit: US Dollars

• The global ballast water treatment (BWT) systems' market size is defined as the total revenue generated by BWT equipment sales across the globe, based on the market prices of the systems. Considering 2013 as the base year, the sales and forecast figures include revenues generated only from treatment systems.
• However, market share analysis has been discussed for the year 2012 because equipment suppliers are yet to witness total BWT system sales for the base year.
• Installation and commissioning costs, though significant, are excluded from market revenue calculations, owing to the fact that they differ largely by technology, vessel types, and installation position. Additional components necessary for installation procedures, scheduled and ad hoc operations, and maintenance costs are excluded from the market estimate calculations as well.
• Prices refer to the BWT equipment system as a whole package, and not for a single/separate component within the system.
• The global study is primarily segregated into four regions, covering Asia-Pacific (Southeast and Far East Asia, and New Zealand); Europe (Western, Central, and Eastern Europe, including Russia and CIS countries); the Americas (North, South, and Latin America); and Middle East and Africa.

Key Questions This Study Will Answer

When will the IMO Convention be ratified and how will the market grow post-ratification?
What will the effect of alternate management systems (AMS) and the USCG regulations be on the current market scenario?
Will the current technologies conquer the market or will there be new technological entrants?
How will the competitive structure of the market change in the forthcoming years and what is the current addressable market size?
Are the ballast water treatment systems offered today meeting customers' needs or is additional development required?
Will ship owners consider retrofitting options prior to ratification and what are the key industry challenges that equipment suppliers are facing?

Table of Contents

1. Executive Summary
2. Market Overview
3. Total Ballast Water Treatment Systems Market
• Challenges, Drivers, and Restraints
• Forecasts and Trends
• Market Share and Competitive Analysis
• Analysis of Ballast Water Treatment Technologies
• Mega Trends and Industry Convergence Implications
4. CEO's 360 Degree Perspective
5. Newly Built Vessels Segment Breakdown
6. Existing Vessels Segment Breakdown
7. Asia-Pacific Breakdown
8. Americas Breakdown
9. Europe Breakdown
10. Middle East and Africa Breakdown
11. The Last Word (Conclusions and Implications)
12. Appendix

Read the full report:
Global Ballast Water Treatment Systems Market

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com  
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...