Global Deep Sea Mining Equipment & Technologies Market is valued approximately USD 1311.22 million in 2021 and is anticipated to grow with a healthy growth rate of more than 61.5% over the forecast period 2022-2029. Mining minerals and metals from the ocean floor at a depth more than 500 metres is known as deep sea mining. To do this job, the mining process requires equipment such as crawler, riser systems, and others. Minerals such as nickel, manganese, cobalt, zinc, and others are deposited under the ocean's surface and used to make equipment. Deep sea mining is the process of obtaining these metals. The major driving factors for the Global Deep Sea Mining Equipment & Technologies Market is increasing demand for minerals, depletion of land-based resources and growing environmental concerns. Moreover, government support for deep sea mining and advancements in technology is creating lucrative growth opportunity for the market over the forecast period 2022-2029.
China has included deep sea mining as a priority area in its 14th Five-Year Plan (2021-2025), with the aim of developing its own deep sea mining technology and building a deep-sea mining industry. The Japanese government has initiated a research and development program to explore the potential for deep sea mining in its exclusive economic zone (EEZ). The program aims to develop technologies for the extraction of cobalt-rich crusts and other minerals, as well as environmental management measures. The U.S. government has developed a strategic plan for the exploration and development of marine minerals, including deep sea mining. The plan aims to support the development of new technologies, promote scientific research and environmental monitoring, and ensure responsible management of marine mineral resources. However, the high cost of Deep-Sea Mining Equipment & Technologies stifles market growth throughout the forecast period of 2022-2029.
Major market player included in this report are:
- 2H Offshore (Acteon Group Ltd.)
- Bauer AG
- Cellula Robotics Ltd.
- Deep Reach Technology, Inc.
- Kongsberg Maritime
- Odyssey Marine Exploration, Inc.
- Robert Bosch GmbH
- Saab Seaeye Ltd (Saab AB)
- SEAS Offshore Pty Ltd.
- Soil Machine Dynamics Ltd.
Recent Developments in the Market:
- In 2019, Nautilus Minerals, a Canadian company, announced its plans to restart its deep sea mining operations in the waters off Papua New Guinea. The company has developed specialized equipment for deep sea mining, including robotic underwater vehicles and cutting machines.
- DeepGreen Metals, a Canadian company, is developing a method for extracting metals such as copper, nickel, and cobalt from the ocean floor. In 2020, the company secured $150 million in funding to continue developing its technology, which includes specialized underwater robots and collection systems.
Global Deep Sea Mining Equipment & Technologies Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Services, Equipment Type, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Polymetallic Nodules
- Polymetallic Sulphides
- Cobalt-Rich Crusts
By Services:
By Equipment Type:
- Seabed Mining Crawler
- Riser System
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Deep Sea Mining Equipment & Technologies Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Deep Sea Mining Equipment & Technologies Market, by Type, 2019-2029 (USD Million)
- 1.2.3. Deep Sea Mining Equipment & Technologies Market, by Services, 2019-2029 (USD Million)
- 1.2.4. Deep Sea Mining Equipment & Technologies Market, by Equipment Type, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Deep Sea Mining Equipment & Technologies Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Deep Sea Mining Equipment & Technologies Market Dynamics
- 3.1. Deep Sea Mining Equipment & Technologies Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for minerals
- 3.1.1.2. Depletion of land-based resources
- 3.1.1.3. Growing environmental concerns
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Deep-Sea Mining Equipment & Technologies
- 3.1.3. Market Opportunities
- 3.1.3.1. Government support for deep sea mining
- 3.1.3.2. Advancements in technology
Chapter 4. Global Deep Sea Mining Equipment & Technologies Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Deep Sea Mining Equipment & Technologies Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Deep Sea Mining Equipment & Technologies Market by Type, Performance - Potential Analysis
- 6.3. Global Deep Sea Mining Equipment & Technologies Market Estimates & Forecasts by Type 2019-2029 (USD Million)
- 6.4. Deep Sea Mining Equipment & Technologies Market, Sub Segment Analysis
- 6.4.1. Polymetallic Nodules
- 6.4.2. Polymetallic Sulphides
- 6.4.3. Cobalt-Rich Crusts
Chapter 7. Global Deep Sea Mining Equipment & Technologies Market, by Services
- 7.1. Market Snapshot
- 7.2. Global Deep Sea Mining Equipment & Technologies Market by Services, Performance - Potential Analysis
- 7.3. Global Deep Sea Mining Equipment & Technologies Market Estimates & Forecasts by Services 2019-2029 (USD Million)
- 7.4. Deep Sea Mining Equipment & Technologies Market, Sub Segment Analysis
- 7.4.1. Exploration
- 7.4.2. Extraction
Chapter 8. Global Deep Sea Mining Equipment & Technologies Market, by Equipment Type
- 8.1. Market Snapshot
- 8.2. Global Deep Sea Mining Equipment & Technologies Market by Equipment Type, Performance - Potential Analysis
- 8.3. Global Deep Sea Mining Equipment & Technologies Market Estimates & Forecasts by Equipment Type 2019-2029 (USD Million)
- 8.4. Deep Sea Mining Equipment & Technologies Market, Sub Segment Analysis
- 8.4.1. Seabed Mining Crawler
- 8.4.2. Riser System
- 8.4.3. Others
Chapter 9. Global Deep Sea Mining Equipment & Technologies Market, Regional Analysis
- 9.1. Deep Sea Mining Equipment & Technologies Market, Regional Market Snapshot
- 9.2. North America Deep Sea Mining Equipment & Technologies Market
- 9.2.1. U.S. Deep Sea Mining Equipment & Technologies Market
- 9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Services breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Equipment Type breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Deep Sea Mining Equipment & Technologies Market
- 9.3. Europe Deep Sea Mining Equipment & Technologies Market Snapshot
- 9.3.1. U.K. Deep Sea Mining Equipment & Technologies Market
- 9.3.2. Germany Deep Sea Mining Equipment & Technologies Market
- 9.3.3. France Deep Sea Mining Equipment & Technologies Market
- 9.3.4. Spain Deep Sea Mining Equipment & Technologies Market
- 9.3.5. Italy Deep Sea Mining Equipment & Technologies Market
- 9.3.6. Rest of Europe Deep Sea Mining Equipment & Technologies Market
- 9.4. Asia-Pacific Deep Sea Mining Equipment & Technologies Market Snapshot
- 9.4.1. China Deep Sea Mining Equipment & Technologies Market
- 9.4.2. India Deep Sea Mining Equipment & Technologies Market
- 9.4.3. Japan Deep Sea Mining Equipment & Technologies Market
- 9.4.4. Australia Deep Sea Mining Equipment & Technologies Market
- 9.4.5. South Korea Deep Sea Mining Equipment & Technologies Market
- 9.4.6. Rest of Asia Pacific Deep Sea Mining Equipment & Technologies Market
- 9.5. Latin America Deep Sea Mining Equipment & Technologies Market Snapshot
- 9.5.1. Brazil Deep Sea Mining Equipment & Technologies Market
- 9.5.2. Mexico Deep Sea Mining Equipment & Technologies Market
- 9.6. Rest of The World Deep Sea Mining Equipment & Technologies Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. 2H Offshore (Acteon Group Ltd.)
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Bauer AG
- 10.2.3. Cellula Robotics Ltd.
- 10.2.4. Deep Reach Technology, Inc.
- 10.2.5. Kongsberg Maritime
- 10.2.6. Odyssey Marine Exploration, Inc.
- 10.2.7. Robert Bosch GmbH
- 10.2.8. Saab Seaeye Ltd (Saab AB)
- 10.2.9. SEAS Offshore Pty Ltd.
- 10.2.10. Soil Machine Dynamics Ltd
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption