Ballast Water Treatment Market Worth $98 Billion By 2030: IndustryARC

Ballast Water Treatment Market size is expected to reach $98 billion by 2030 after growing at a CAGR of 23.7% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growing demand of shipbuilding activity, marine infrastructure development and the increasing focus on preserving and protecting marine life are poised to propel the ballast water treatment market, finds IndustryARC in its recent report, titled “Ballast Water Treatment Market -By Methods (Physical and Chemical), By Capacity (Less than 1800m3, 1800-5000m3 and more than 5000m3), By Service (Installation and Calibration, Performance Measurement and Recommissioning), By Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos and Others), By Type (Stationary and Portable), By Application (Maritime and Naval Industry), By Geography Global Opportunity Analysis & Industry Forecast, 2024-2030.”

The growing emphasis on environmental protection and marine ecosystem preservation has significantly driven the demand for water treatment solutions within the global shipping industry. Stringent regulations governing ballast water, sewage, and greywater management imposed by international maritime organizations have compelled ship owners to invest in ballast water treatment systems. This increased demand has spurred technological advancements and market expansion, making water treatment a critical component of modern maritime operations. In March 2024, the IMO (International Maritime Organization) adopted Resolution MEPC.387(81), with interim guidance for ships operating in challenging water quality conditions, and Circular BWM.2/Circ.82, with guidance on the temporary storage of treated sewage and/or grey water in ballast water tanks This guidance is to assist ships to comply with the BWM Convention and the D-2 discharge standard when a type-approved BWMS has difficulty meeting operational demand in challenging water quality conditions. 

Asia Pacific's vast shipping industry and rapid economic growth have fueled significant demand that is why APAC dominates the BWTS market. The region has a vast fleet of commercial vessels. This leads to a substantial demand for BWTS systems in key countries like China, India, Japan and South Korea. India aims to develop six mega ports by 2047 as part of its ambitious maritime expansion plans, significantly increasing its cargo handling capacity as outlined in the Amrit Kaal Vision 2047. The government expects these mega ports to crucially enhance India’s maritime trade and streamline cargo movement. This initiative aims to position the country as a key player in global trade.

The chemical treatment method has the largest segment in the market. Chlorine-based and oxidative treatments are highly effective in killing a wide range of microorganisms, including bacteria, viruses, and small organisms. The method’s effectiveness is well established and can achieve disinfection relatively quickly, allowing for efficient ballast water exchange. These can often be integrated into existing shipboard systems with minimal modification. Chemical methods are often more low power consumption effective and also helps in removing more of the odor compounds responsible for the stink compared to a conventional process. 

The IMO's mandatory regulations for BWMS imposed 8 September 2024 as a strict deadline for compliance. Ship owners/operators face significant challenges in meeting this requirement necessitating substantial investments in technology and infrastructure. The IMO's strict regulations aim to prevent the spread of invasive aquatic organisms through ballast water, safeguarding marine ecosystems worldwide. Non-compliance can result in severe penalties, including port state control detentions. For example, on March 2024, the IMO adopted resolutions MEPC.369(80) and MEPC.383(81), which are expected to enter into force in February and October 2025, respectively.

The escalating awareness of the detrimental impact of invasive aquatic species has been a pivotal driver for the development and adoption of ballast water management systems (BWMS). These non-native organisms, transported through ballast water, pose significant threats to marine ecosystems, causing ecological imbalance, economic losses, and disruptions to fisheries and tourism. The realization of these consequences has spurred international cooperation and regulatory efforts to mitigate the spread of invasive species, ultimately driving demand for effective BWMS solutions.

Hybrid systems i.e combining multiple treatment technologies are gaining prominence in the ballast water treatment market. This approach leverages the strengths of different methods physical, chemical and biological to enhance treatment efficiency, reduce chemical usage, enhance reliability and address the complex nature of ballast water. By combining technologies, these systems aim to achieve higher inactivation rates and broader treatment spectra, ultimately contributing to improved environmental protection. 

By enabling real-time monitoring, predictive maintenance and data analytics, these platforms enhance system performance and compliance. This shift towards digitalization is improving operational efficiency and reducing downtime, ultimately leading to more effective ballast water treatment and environmental protection. For example- integration with Vessel Management Systems (VMS), cybersecurity focus and others.

Water Treatment Chemical Market - The Water Treatment Chemicals Market size is projected to reach US$49.22 billion by 2030, after growing at a CAGR of 3.4% during the forecast period 2024-2030., owing to its usage for applicability in boiler water chemicals, raw water treatment, water purification and others across major end-use industries 

Water Treatment Equipment Market - Water Treatment Equipment Market size is projected to reach US$82.7 billion by 2030, growing at a CAGR of 5.2% during the forecast period 2024-2030. Stringent regulations and growing industrialization is driving the market growth.

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Mr. Venkat Reddy

IndustryARC

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