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Ballast Water Treatment: Technologies and Global Markets


News provided by

Reportlinker

Aug 25, 2016, 05:07 ET

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NEW YORK, Aug. 25, 2016 /PRNewswire/ -- Use this report to:
- Gain information about the Impact of Aquatic Nuisance Species on environment, economies and public health.
- Gain an insight about the various Ballast water pretreatment and disinfection systems.
- Analyse the comparison of various disinfection methods in the ballast water treatment technology.

Highlights
- The global market for ballast water treatment equipment will grow from $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.
- The Electrochlorination equipment market is the largest segment of the overall global market and will grow from nearly $1.9 billion in 2015 to nearly $17.3 billion by 2020, with a CAGR of 56.0%.
- The UV equipment market is expected to increase from $2.7 billion in 2015 to $11.5 billion by 2020, with a CAGR of 33.2%.

Introduction & Scope

INTRODUCTION

STUDY GOALS AND OBJECTIVES
This BCC Research report is designed to provide the reader with an understanding of the ballast water treatment equipment industry and the market forces that affect it. The report begins with an overview of the global shipping industry and the problems associated with the transfer of invasive species from port to port in ballast water. Pending and existing regulations at the global, regional and local levels are described,
along with their numerical standards and implementation schedules. Vessels affected by these rulings are identified and categorized by type, country, size and age. The report presents estimates of the current market value and forecast values for the year 2020 by calculating the compound annual growth rate (CAGR) for a five-year period. Market size and growth are assessed for four world regions: North America,
Europe, Asia-Pacific and the "Rest of World." Within each world region, the countries forecast to make the largest system purchases are broken out of the total. The markets are further analyzed by a number of other parameters including technology type, vessel type and vessel size. Values for each of these markets are presented for 2015 and 2020, and CAGRs are provided for the five-year time frame. A patent analysis covering both U.S. and world patent activity is included to show technology trends and identify companies with the largest intellectual property portfolios. Number of patents and percentage share of the total are broken down by technology, assignee or inventor, and country. A section on industry structure looks at the firms involved in ballast water treatment and categorizes them by type of company, i.e., diversified multinational corporation, water treatment specialist and base of operation. Brief profiles describe each company's core activities and ballast water treatment systems.

REASONS FOR DOING THE STUDY
Shipping activities transport more than 80% of the world's commodities and transfers three to five billion metric tons of ballast water every year. Ballast water is essential to the safe and efficient operation of shipping, but also poses serious ecological, economic and health threats due to the inadvertent transfer of invasive aquatic species. The introduction of invasive marine species into new environments through ballast water transfer has been identified as one of the major threats to the world's oceans. In response, the 1992 United Nations Conference on Environment and Development (UNCED) called on the International Maritime Organization (IMO) and other international bodies to take action to solve the problem. By this time, the IMO had been seeking a solution for more than a decade. In 1991, the organization published Guidelines for Preventing the Introduction of Unwanted Organisms and Pathogens from Ship's Ballast Waters and Sediment Discharges. This publication was updated in 1993. In 1997, the IMO published Guidelines for Control and Management of Ships' Ballast Water to Minimize the Transfer of Harmful Aquatic Organisms and Pathogens (Resolution A.868 (20)).

In February 2004, the International Convention for the Control and Management of Ships' Ballast Water and Sediments (also known as the Ballast Water Management or BWM Convention) was adopted by the IMO. To complement the Convention, the IMO adopted over 15 sets of guidelines and other documents contained in various resolutions and circulars. In addition to the international regulations, federal laws, such
as those implemented in the U.S., as well as state and local regulations impact market dynamics. Prior studies analyzing the ballast water treatment equipment market have based their calculations on the IMO's original schedule for system implementation. The timetable is now expected to change, so the market needs to be reassessed. Instead of requiring that the entire global fleet be in compliance within three years, the new schedule would spread the annual installation workload more evenly over the five-year period from 2016 to 2021. Regardless of the implementation schedule, there is a massive global market for
ballast water treatment systems, as many as 10,000 units per year or 30 installations per day, for multiple years. However, the market is unusual in that once all existing ships are in compliance, only newbuild ships will require system installation, shrinking the market to 2,000 to 3,000 ships per year, or about five installations per day.

INTENDED AUDIENCE
Global interest in ballast water treatment has been rising steadily since the early 1990s. The transfer of invasive aquatic species affects many global regions, including both developing and developed countries. These invasive species compete with and negatively impact the survival of native organisms. The outcome of this can be economic and health-related. This study is designed to be useful to a wide range of readers: industry players, researchers, corporations and others who have stakes in shipping and ballast water treatment technologies, as well as those who are considering expanding into these markets. This study provides critical information to decision makers regarding global, national and regional investment strategies, along with the level of anticipated return that will result from continued market development.

SCOPE AND FORMAT
This report is focused on the market for ballast water treatment equipment for four world regions: North America, Europe, Asia-Pacific and the "Rest of World." The study begins with a discussion of problems associated with ballast water, and continues with a discussion of existing and pending regulations regarding its treatment, and an overview of the various types of treatment technologies. The report includes current and projected market value, market drivers, trends and opportunities, top-selling products and suppliers, and a general market outlook. The report contains roughly 100 market tables and figures that provide a comprehensive insight into the market, along with nearly 80 company profiles. Market tables are presented for a range of parameters including geographic region, vessel size and type, supplier and product type. All market data pertains to sales at the manufacturer level. Data are expressed in current U.S. dollars.
Read the full report: http://www.reportlinker.com/p01923025-summary/view-report.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

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