PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269710
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269710
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.
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.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable