Europe to Dominate Ballast Water Treatment Market

Posted by Eric Haun
Friday, April 04, 2014

Ballast water treatment market, Europe to dominate market revenues from 2017 to 2019, according to a report by Frost & Sullivan

The global ballast water treatment systems market is estimated to grow at a compound annual growth rate of 21 percent from 2012 until 2019. The retrofit market is expected to account for a substantial share of the global market during its peak installation period in 2018. Bulk carriers as well as oil and chemical tankers will be key end users, generating cumulative revenues over the forecast period. Europe will dominate market revenues from 2017 to 2019 while Asia-Pacific will display consistent performance throughout the study period.

On this subject Frost & Sullivan is organizing an online conference open to all companies interested in learning more about future trends and challenges facing the global ballast water treatment systems market. Research Analyst Vandhana Ravi will present the key findings of an exhaustive research during the past few weeks. The conference will take place on Thursday 10 April, at 4 p.m. BST.

Europe has numerous merchant vessels operating on the seas of Germany, Greece, Norway, Russia, Italy, France and Belgium, which have emerged as market hotspots. The region's huge shipyard industry supports major retrofit opportunities, creating a fertile market for ballast water treatment systems. Asia-Pacific, being a hub for shipbuilding and the base for the majority of ship owners and yards, is a key revenue generating market. The most interesting countries are and will be Japan, China and South Korea.

Legislation will be the key driver for the ballast water treatment systems market globally with significant developments that include the expected ratification of the International Maritime Organization (IMO) convention in 2014. "Furthermore, the recent acceptance of the IMO convention by Germany raising the dead weight tonnage to 30.3 percent, support from the United States Coast Guard (USCG) legislation, Alternate Management System (AMS), and other national legislations are sustaining the demand for ballast water treatment systems installations," adds Frost & Sullivan Research Analyst Ravi.

The conference will explore the market growth and structure post ratification of the IMO Convention, the strength of alternate management systems (AMS) and the USCG regulations and their impact on the current market scenario. The analyst will also present the current technologies that can potentially conquer the market along with key insights on the competitive structure and statistics on the current addressable market.

The briefing will also discuss some of the following key industry challenges:

  •      Persuading ship owners to purchase ballast water treatment systems, especially for retrofits
  •      Unorganized market and lack of awareness in determining the appropriate technology
  •      Credibility of equipment suppliers with escalating market competition
  •      Costing and pricing
  •      Constantly shifting IMO ratification timeline

The presentation will be followed by a Q&A session with the analyst.

To participate in this complimentary briefing and interested in a brochure of this analysis, email Chiara Carella, at chiara.carella@frost.com. Those interested may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

frost.com
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Boatbuilding in China

While much of the focus on coverage of the Chinese shipbuilding industry is on big shipbuilding, Maritime Reporter switches gears this month to explore activities in select boatbuilding sectors.

HMS Prince of Wales Bridge Sets Sail

The bridge section of the second Queen Elizabeth Class aircraft carrier set sail today from Glasgow on its first sea voyage to Rosyth.   Upper Block 07 is where

Finance

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Venezuela Probes ex-minister accused of corruption in Ferry Deals

A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

News

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Goliat FPSO in Norway

The Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest, says Eni Norge    The Goliat platform has arrived in Hammerfest,

Marine Equipment

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Apply Now for the MN 100

The August 2015 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

MMT Presents Surveyor Interceptor ROV (SROV)

At Ocean Business in Southampton  MMT´s key topic was the new Surveyor Interceptor ROV (SROV). Together with its Norwegian partners Reach Subsea AS, MMT developed a new generation,

 
 
Maritime Contracts Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1727 sec (6 req/sec)