Wartsila Corporation (Finland) and Evoqua Water Technologies LLC (U.S.) are the Major players in the Ballast Water Treatment Market
The ballast water treatment (BWT) market has witnessed significant growth in the past few years. APAC and Europe are the major regions that have witnessed market growth. Currently, APAC is the leading market in BWT systems, followed by Europe, owing to the vast number of ports and the seaborne trade between various regions. Players such as Optimarin AS (Norway), JFE Engineering Corporation (Japan), and Alfa Laval AB (Sweden) have their manufacturing facilities in these two geographies.
Major players in this industry include Wartsila Corporation (Finland), Evoqua Water Technologies LLC (U.S.), Calgon Carbon Corporation (U.S.), Alfa Laval AB (Sweden), Xylem Inc. (U.S.), Veolia Environnment S.A. (France), Mitsubishi Heavy Industries, Ltd. (Japan), Ecochlor Inc. (U.S.), atg UV Technology (U.K.), Qingdao Headway Technology Co., Ltd. (China), JFE Engineering Corporation (Japan), Optimarin AS (Norway), and Trojan Marinex (Canada).
Wartsila Corporation’s marine solution segment, which includes ballast water management systems, accounts for 44% of the total revenue. The company provides ultraviolet treatment and electrochlorination technologies for BWT systems. It has a strong geographic presence around the world. Wartsila Corporation’s core competencies lie within the marine and energy solutions as it serves marine and oil and gas industry customers by providing innovative products and integrated solutions that are safe, environmentally sustainable, efficient, and economically sound. The company has adopted the strategies of acquisitions, and agreements and contracts to grow in the market. In June 2016, the company acquired Engram (Finland), which would provide the company with energy management and analytics solutions for the marine industry.
Evoqua Water Technologies LLC offers an extensive range of products, such as BioMag biological treatment, CoMag chemical treatment, Chloropac marine growth prevention system, and Capac impressed current cathodic protection systems. The company launched marine Chloropac system in 2016, which would not only reduce installation time and costs of the BWT systems but also decrease lifetime ownership costs of a marine growth prevention system (MGPS). The key strategies adopted by the company include acquisitions and partnerships. In September 2016, Evoqua partnered with Matsui (Japan), a leading distributor of machinery. This would enable Evoqua to provide a direct and more localized support and technical assistance for its market-leading BWT technology offered to the marine industry in Japan. The company also acquired Delta Ultraviolet Corporation (Delta UV, U.S.) in 2016, a leading manufacturer and marketer of UV-C technology. The UV-C technology could be beneficial for BWT systems as it can destroy up to 99.99% or more of pathogens within seconds, without the addition of chemicals.
Related Reports:
Ballast Water Treatment Market by Technology (Physical Disinfection, Mechanical Method, Chemical Method), Capacity, Service, Ship Type (Container Ships, Dry Bulk Carriers, Tankers, General Cargos) and Geography - Global Forecast to 2022
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