Frost & Sullivan: Ballast Water Treatment to Soar Into the Billions over this Decade

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

25 Feb 2010

The Ballast Water Treatment is attracting excessive interest from innumerable water-concerned companies worldwide.  Having already received resounding success, this initiative promises to engage global change and opportunity increase from 2010-2020. It is imperative to analyse market insights into the scale of the ballast water treatment market opportunity, its growth trajectory forecast over the next ten years and highlight some of the opportunities for filtration and disinfection solutions.
Since 2004, adoption of the International Convention for the Control and Management of Ship's Ballast Water and Sediments by the International Maritime Organization (IMO), has created a ballast water treatment systems market with an overall revenue potential of $34 billion!  Over 57,000 of ships will require installation of ballast water treatment systems over the next ten years. Several vendors have started to commercialize their products with more than 40 companies already sizing up this fast emerging opportunity.  System suppliers still need to address number of challenges, such as access to growth capital, establishment of an effective global sales and support network or pricing for the system to ensure success over the coming years.
Water Markets Research Manager Fredrick Royan explains: "The ratification process of the International Convention for the Control and Management of Ships' Ballast Water and Sediments has gained significant pace in the last year and inching ever closer to having the necessary 30 signatory states with 35 percent of the world merchant fleet. The significant scale of opportunity on offer over the next ten years continues to attract a plethora of companies ranging from small start-ups to global water & wastewater treatment specialists as well as filtration and disinfection OEMs, industrial groups involved in the marine industry and shipbuilding companies."
Highlights of the briefing include analyses of: market size and forecast, market drivers and restraints, key challenges for system suppliers, key technology trends and sales strategies of vendors on the market.
The market analysis and opportunity discussion of this briefing will benefit both start-up as well as ballast water treatment system suppliers that are present on the market, suppliers of filtration (membranes, screen and disc filters) and disinfection technologies (ozone, chlorination, electro chlorination/electrolysis, ultraviolet, thermal treatment, cavitation, ultrasound and advanced oxidation) looking for cooperation with system suppliers, water & wastewater treatment specialist companies, distributors of marine equipment looking for cooperation with manufacturers of ballast water treatment system, investment community, ship-owners and related associations, shipyards involved in new-build and retrofit, etc.
"Companies will need to extend best practices beyond their product design set-up and take the necessary strategic initiatives of selecting and establishing strategic partnerships and setting up effective distribution and servicing channels. This will be critical in order to be ready to scale up especially during the peak of the market for a few years during 2015-2020," Water Markets Analyst Tomasz Zagdan concludes.

Source: Frost & Sullivan