Vessels use seawater onboard for
stability, which has a distinct marine environment affect with
indigenous marine life and aquatic microbes. Releasing of untreated ballast water
 in the vessels may disturb the indigenous ecosystem. Thus, ballast
water management aims at reducing the destructive effects of ballast
water disposal. In February 2004, the International Maritime
Organization (IMO) adopted a convention for the management,
sedimentation, and control of ballast water. Increase in the regulations
 of IMO and growth in the trade volume of the shipping industry are
estimated to drive the global ballast water management market. Other
stringent government regulations such as oil & chemical spills,
introduction of aquatic invasive species, and unauthorized ocean dumping
 are anticipated to boost the usage of ballast water treatment systems.
This is projected to fuel the global ballast water management market.

International Maritime Organization has
set a pact for ocean freight service providers for meeting the stringent
 water quality standards. It is essential to install ballast water
management system in the vessels, as treatment of ballast water has not
been planned or encouraged in the marine vessels. High cost of
implementation is one of the restraints of the ballast water management
market. However, the implementation of the essential guidelines of the
ballast water management convention, 2017 and the certification and
approval of upmost ballast water treatment technologies have mitigated
the major barriers of indigenous marine life and aquatic microbes.

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The ballast water management market for
subsea vessels can be segmented based on technology, capacity, by
services, and by ship type. Based on technology, the ballast water
management market can be divided into physical disinfection, mechanical
method, and chemical method. The physical disinfection segment is
projected to lead the ballast water management market during the
forecast period. Physical disinfection is more and is used to treat
ballast water. Physical disinfection is a key technology due to its
various advantages such as high level of efficiency and ease of
operation. Based on capacity, the ballast water management market can be
 classified into less than 1,500 m3, between 1,500m3 – 5,000 m3, and
more than 5,000 m3.

In terms of services, the ballast water
management market can be bifurcated into installation and calibration,
performance measurement, and re-commissioning. Based on the ship type,
the ballast water management market can be segmented into dry bulk,
container ships, carriers, general cargos, tankers, and others.
Container ships are widely used for commercial transportation in order
to carry non-bulk cargo. They are used to transport a variety of goods
such as manufactured goods, commodities, and refrigerated goods.
Expansion of the container ship segment can be primarily attributed to
the increasing trade volumes in Asia Pacific. Developing economies of
Asia Pacific such as Singapore, China, Hong Kong, South Korea, and
Japan, which have become global manufacturing powerhouses, are projected
 to lead the container ship segment in the ballast water management
market.

Based on region, the ballast water
management market can be segmented into North America, Latin America,
Asia Pacific, Europe, and Middle East & Africa. Asia Pacific
dominates the global ballast water management market due to the
prevalence of stringent IMO regulations in the region and the rise in
focus on conservation of the environment. Asia Pacific is a key market
for ballast water management systems, followed by North America and
Europe. Increasing sales and production of ballast water treatment
systems owing to increase in trade of cosmetics, automotive machinery
& equipment, food & beverages, medical & healthcare, mining
equipment, and building & infrastructure materials. This increasing
production and sales of ballast water treatment will lead to drive
ballast water management market in Asia Pacific region. Asia Pacific,
comprising developing countries such as China, Japan, Singapore, and
South Korea, has a huge potential for the ballast water management
market. Increase in trade of chemicals and other goods and rise in
acceptance of IMO regulations are the key drivers of the ballast water
management market in the region.