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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

Crowley Receives Heavy-Lift Deck Barge in Singapore

Crowley Maritime Corporation’s solutions group announced today that it has received the first two of potentially four, new heavy-lift, ballastable deck barges (HDBs)

Finance

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

300th Tug Brokered by Marcon Int'l

Marcon International, Inc. of Coupeville, Washington reported the sale of the U.S. flag, twin screw tug “Pacific Patriot” (ex-Pacific King) from Kirby Marine Offshore to U.

News

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

Almarin Buoys for GNL del Plata in Uruguay

Almarin has supplied fourteen buoys to OAS constructor for the maritime beaconing of the works of GNL del Plata project in Uruguay. Almarin Spanish AtoN supplier

Mercury Marine produces 75,000th Verado L6 Outboard

Milestone comes less than 10 years after launch of platform.   Mercury Marine, the world leader in commercial and recreational marine propulsion and technology,

Marine Equipment

Almarin Buoys for GNL del Plata in Uruguay

Almarin has supplied fourteen buoys to OAS constructor for the maritime beaconing of the works of GNL del Plata project in Uruguay. Almarin Spanish AtoN supplier

Mercury Marine produces 75,000th Verado L6 Outboard

Milestone comes less than 10 years after launch of platform.   Mercury Marine, the world leader in commercial and recreational marine propulsion and technology,

OC Selects Siemens Blue Drive PLUSC Propulsion Solution

Siemens Blue Drive PLUSC Low Voltage Propulsion Solution providing reliability, Safety, increased fuel efficiency, reduced greenhouse gas emissions (Methane, NOX

Ballast Water Treatment

Optimarin Cements Offshore BWT Market Share

Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels.   According to CEO Tore Andersen,

World Maritime Day 2014 Celebrated in Mumbai

25th September, the Day when the World Maritime Day gets celebrated in Mumbai is an event well-known among the seafaring community and in the shipping and other related circles.

New Filter Option for PureBallast 3.0

In conjunction with the SMM exhibition in Hamburg, Alfa Laval released an alternative filter option for PureBallast 3.0. The compact new Filtrex filter lets the system operate in fresh,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1687 sec (6 req/sec)