Oct 1, 2021   SOURCE: BusinessWire

Worldwide Deep Sea Mining Equipment & Technologies Industry to 2030 - Introduction of IoUT Presents Opportunities - ResearchAndMarkets.com

The "Deep Sea Mining Equipment & Technologies Market by Type, Services and Equipment Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The deep sea mining equipment & technologies market was valued at $811.9 million in 2020, and is expected to reach $72,814.2 million by 2030, registering a CAGR of 61.4% from 2021 to 2030.

Deep sea mining is the process of mining of minerals and metals from sea floor at a depth of more than 500 meters. The mining process needs equipment such as crawler, riser systems and others, to carry out this operation. The revenue generated by sales of the equipment minerals such as nickel, cobalt, manganese, zinc and others, are deposited under the sea floors. Extraction of these metals is known as deep sea mining

The deep sea mining equipment & technologies market is driven by increase in deep sea exploration activities for research and disaster management purposes. Data and information collected is used to study the marine life and the movements under the Earth's crust. In addition, need for metals such as cobalt, nickel, copper and others, has led to exploration of seabed and will further led to its extraction. However, the equipment used for extraction can cause harm to the marine life with its noise, vibration and other drilling processes. This may led to depletion of marine life; thus acting as restraint factor to the deep sea mining market. On the contrary, introduction of Internet of Underwater Things (IoUT) will lead to better data collection and control over the equipment and may act as an opportunity for the growth of the deep sea mining equipment & technologies market during the forecast period.

The deep sea mining equipment & technologies market is segmented on the basis of type, service, equipment type and region. On the basis of type, the market is divided into polymetallic nodules, polymetallic sulphides and cobalt-rich crusts. Depending on service, it is classified into exploration and extraction. On the basis of equipment type, the market is divided into seabed mining crawler, riser system and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Benefits

  • The report provides an extensive analysis of the current and emerging deep sea mining equipment & technologies market trends and dynamics.
  • In-depth deep sea mining equipment & technologies market analysis is conducted by estimations for the key segments between 2021 and 2030.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the market industry.

Market Dynamics

Drivers

  • Increase in deep sea exploration activities
  • Discovery of metals & mineral deposit

Restraint

  • Lack of technology & marine safety

Opportunity

  • Introduction of IoUT

Key Players

  • 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.

For more information about this report visit https://www.researchandmarkets.com/r/pyjx9f