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Assessment of the $140 Billion Ballast Water Treatment Market, 2025-2034 - Tech Advancements and Regulatory Scrutiny Drive Innovation in Treatment Solutions
Assessment of the $140 Billion Ballast Water Treatment Market, 2025-2034 - Tech Advancements and Regulatory Scrutiny Drive Innovation in Treatment Solutions

Yahoo

time10-03-2025

  • Business
  • Yahoo

Assessment of the $140 Billion Ballast Water Treatment Market, 2025-2034 - Tech Advancements and Regulatory Scrutiny Drive Innovation in Treatment Solutions

Wartsila Corporation, Xylem Inc., Evoqua Water Technologies LLC, Calgon Carbon Corporation, and Ecochlor Inc. Lead the Competitive Landscape Ballast Water Treatment Market Dublin, March 10, 2025 (GLOBE NEWSWIRE) -- The "Ballast Water Treatment Market Report 2025"has been added to offering. This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Asia-Pacific was the largest region in the ballast water treatment market share in 2024 and is expected to be the fastest-growing region in the forecast ballast water treatment market size has grown exponentially in recent years. It will grow from $104.97 billion in 2024 to $140.42 billion in 2025 at a compound annual growth rate (CAGR) of 33.8%. The growth in the historic period can be attributed to invasive species management, biodiversity conservation, public awareness, industry standardization, insurance and liability concerns. The ballast water treatment market size is expected to see exponential growth in the next few years. It will grow to $426.04 billion in 2029 at a compound annual growth rate (CAGR) of 32%. The growth in the forecast period can be attributed to growing global shipping fleet, market competitiveness, government incentives, public pressure and activism, focus on green shipping. Major trends in the forecast period include advancements in treatment technologies, retrofit installations and newbuilds, increased scrutiny on system performance, research and development for next-generation systems, increased awareness of invasive species impact, focus on cost-effective solutions, monitoring and reporting surge in attention towards preserving marine ecosystems from pollutants is a driving force behind the expansion of the ballast water treatment market. Combatting marine pollution is a global imperative, highlighted by the United Nations Environment Programme's June 2022 report, indicating a rapid increase in marine litter and plastic debris. Without substantial intervention, plastic emissions into aquatic environments are projected to nearly quadruple by 2040. Events like the United Nations Ocean Conference in Lisbon, Portugal, have amplified calls for a renewed international commitment to combat pollution, including addressing challenges in marine environments. Thus, the growing focus on preserving marine ecosystems from pollutants is expected to drive the growth of the ballast water treatment growth of the shipping industry is expected to drive the expansion of the ballast water treatment market in the coming years. For example, in April 2024, a State of the Cruise Industry report by the Cruise Lines International Association (CLIA), a US-based cruise trade association, revealed that an estimated 31.7 million cruise ships carried passengers in 2023, representing a 7% increase over the previous four years. Consequently, the rise in shipping activity is fueling the growth of the ballast water treatment advancements are emerging as a key trend in the ballast water treatment market. Leading companies are focusing on developing innovative solutions, such as ballast water management systems. For example, in October 2023, BIO-UV Group, a UK-based manufacturer of water purification and disinfection systems, introduced the BIO-SEA L01-0030 Mini, the smallest UV-based ballast water treatment system (BWTS) available. It is designed for use on workboats, yachts, research vessels, and offshore support vessels. This fully automated system combines filtration with UV treatment, catering to ballast water flow rates ranging from 13 m3/h to 30 m3/h (cubic meters per hour). With a compact skid footprint of just 1 m2 (square meter), the BIO-SEA L01-0030 Mini provides an efficient solution to meet the rising demand for ballast water treatment players in the ballast water treatment market are developing new technological products, such as the Manta filter, to boost profitability. Manta is engineered to quickly and economically clean polluted water, with the ability to convert pollutants like algae into renewable carbon-neutral biofuel. For instance, in July 2023, Wartsila Oyj Abp, a Finland-based manufacturer of power sources and other equipment, introduced the Manta filter. This filter features an innovative OneMotion scanner that cleans the screen in a single rotation, paired with a 25-micron smartweave screen, enhancing ballast water filtration. Its non-pleated design prevents silt from becoming trapped, ensuring there is no cake build-up across the April 2024, Optimarin AS, a Norwegian manufacturer of ballast water treatment systems, acquired the Hyde Marine brand from Italy's De Nora for an undisclosed amount. This acquisition aims to strengthen Optimarin's ballast water management capabilities, allowing the company to offer more advanced treatment solutions and improve compliance with environmental regulations, positioning itself for long-term growth in the competitive maritime industry. Hyde Marine, Inc. is an Italy-based manufacturer of ballast water treatment systems (BWTS) designed to prevent the spread of non-native aquatic species. Report Scope Markets Covered:1) by Technology: Physical Disinfection; Mechanical Method; Chemical Method2) by Capacity: Less Than 1,500 m3; 1,500-5,000 m3; More Than 5,000 m33) by Service: Installation and Calibration; Performance Measurement; Recommissioning4) by Ship Type: Container Ships; Dry Bulk Carriers; Tankers; General Cargos; Other Ship TypesSubsegments:1) by Physical Disinfection: Ultraviolet (UV) Treatment; Thermal Treatment; Filtration Methods2) by Mechanical Method: Centrifugation; Hydrocyclones; Settling Tanks3) by Chemical Method: Chlorination; Ozonation; Electrochlorination; Other Chemical TreatmentsKey Companies Profiled: Wartsila Corporation; Xylem Inc.; Evoqua Water Technologies LLC; Calgon Carbon Corporation; Ecochlor Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; SpainTime Series: Five years historic and ten years Ratios of market size and growth to related markets, GDP proportions, expenditure per Segmentation: Country and regional historic and forecast data, market share of competitors, market Attributes Report Attribute Details No. of Pages 200 Forecast Period 2025-2029 Estimated Market Value (USD) in 2025 $140.42 Billion Forecasted Market Value (USD) by 2029 $426.04 Billion Compound Annual Growth Rate 32% Regions Covered Global Some of the major companies featured in this Ballast Water Treatment market report include: Wartsila Corporation Xylem Inc. Evoqua Water Technologies LLC Calgon Carbon Corporation Ecochlor Inc. Alfa Laval AB GEA Group AG Hitachi Ltd. Veolia Water Technologies Norwegian Greentech AS ERMA FIRST ESK Engineering Solutions SA Industrie De Nora S.p.A. Atlantium Technologies Ltd. BIO-UV Group DESMI A/S JFE Engineering Corporation Mitsubishi Heavy Industries Ltd. PANASIA CO. LTD. BioMicrobics Inc. Wuxi Brightsky Electronic Co. Ltd. Hyde Marine Inc. TECO Technologies Inc. D2 Marine Solutions Boll Filter Corporation Aquarius Marine Coatings Ltd. Cathelco Ltd. Coldharbour Marine Ltd. Damen Green Solutions Filtertechnik Jager GmbH Hatenboer-Water B.V. Headway Technology Group Co. Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Ballast Water Treatment Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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