Study on Ballast Water Treatment Markets

Global Market Report for Ballast Treatment Technologies,Market Trends and Patent Analysis Provided by BCC Research

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 2018 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, the Asia-Pacific region 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 2013 and 2018, 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 is used to move 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 publishedGuidelines 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 2017 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 newly-built ships will require system installation, shrinking the market to 2,000 to 3,000 ships per year, or about five installations per day.

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.

This report provides:

• 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.

Source: ReportBuyer

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