Deep Sea Mining Technologies, Equipment and Mineral Target Market Share?

Report Highlights

The global market for deep sea mining should grow from $650.0 million in 2020 to $15.3 billion by 2030 at a compound annual growth rate (CAGR) of 37.1% from 2020 to 2030.

Report Includes

• 38 tables
• An overview of the global markets for deep sea mining technologies, marine, equipment and mineral targets
• Analyses of global market trends, with estimated data from 2020 and 2024, and projections of compound annual growth rates (CAGRs) through 2030
• An overview of historical developments of deep-sea mining equipment and technologies and assessment of its impact at a global level
• Briefing about International Seabed Authority (ISA) and exclusive economic zone (EEZ) and discussion of their role in regulation of deep-sea mining activities in order to protect the marine environment
• Company profiles of the top players in the industry, including Eramet Group (Eramet S.A.), Hydril Pressure Control (GE Hydril), Nordic Ocean Resources AS (Nora), Teledyne Technologies, Inc., and UK Seabed Resources (Lockheed Martin UK Ltd.)
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Report Scope

For the purpose of this report, deep sea mining is defined as a mineral retrieval process (mining) that takes place on the ocean floor. Deep sea mining is also alternatively known as ocean floor mining, ocean bed mining, sea floor mining or seabed mining. However, deep sea mining is different from shallow sea mining. Since deep water mining is a relatively new industry, there is no standard definition that segregates deep sea mining from shallow sea mining. However, various stakeholders in the industry as well as others active in the market generally agree that deep sea mining is the removal of minerals from sea beds deeper than 500 meters.