Global Automated Marine Debris Collection Equipment Market Size By Application (Government and Fisheries), By Type (Collect, Smash, and Uninstall), By Geographic Scope And Forecast
Published on: 2024-08-12 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Automated Marine Debris Collection Equipment Market Size By Application (Government and Fisheries), By Type (Collect, Smash, and Uninstall), By Geographic Scope And Forecast
Automated Marine Debris Collection Equipment Market Size And Forecast
Automated Marine Debris Collection Equipment Market size was valued at USD 1,427.13 Million in 2021 and is projected to reach USD 2,756.24 Million by 2030, growing at a CAGR of 7.54% from 2022 to 2030.
The government has begun purchasing sewage disposal equipment in order to clean up their own waste products. Therefore, a growing market for marine debris collection equipment is expected to grow in the coming years. The Global Automated Marine Debris Collection Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automated Marine Debris Collection Equipment Market Definition
Automated marine debris collection equipment is a machine that collects the waste materials accumulated in the oceans due to ship accidents, fishery activities, tourism, and others. Marine debris is an ongoing pollution problem that extends across the ocean and lakes. Our oceans and waterways are littered with a variety of marine debris, from small plastic bags, less than 5 mm, to non-functional fishing gear and obsolete vessels. Globally, hundreds of marine mammals have been severely affected by marine debris, which can injure or kill an animal when eaten or trapped and can threaten to rely on areas. Marine debris can also compromise the safety of roaming and pose a threat to human health.
All marine debris comes from people, most of it from the earth and into the oceans and lakes through waste disposal, poor waste management practices, storm water dumps, and severe natural disasters such as tsunamis and hurricanes. Some debris, such as inactive fishing gear, can come from seawater sources. This lost or discarded material is a major problem because it can continue to kill wildlife, damage sensitive areas, and compete and damage active fishing gear. Hence, the collection of marine debris is an important process to be taken care of.
Global Automated Marine Debris Collection Equipment Market Overview
Marine debris poses a serious threat to the environment and the environment, therefore, there is an urgent need to collect sewage regularly. Areas close to marine bodies have shown a sense of commitment to the removal of marine debris in recent times. This has played a major role in the growth of the market of marine debris collection equipment market worldwide. In addition, the government has begun purchasing sewage disposal equipment in order to clean up their own waste products. Therefore, a growing market for marine debris collection equipment is expected to grow in the coming years.
According to the EPA (Environment Protection Agency) of United States, and United Nations Environment Program, there is a growing threat to all ecosystems in the ocean. Without immediate action, the estimated 11 million metric tons of seawater per year will triple in the next two decades. This could mean that between 23 and 37 million tons of plastic flow into the sea annually by 2040. That equates to around 50 kg of plastic per square meter worldwide. The problem of increasing high volume of marine waste generation has grown into a global problem that needs attention and immediate and continuous action. Also, the rising impact of marine wastes and the harmful effect of plastic pollution include environmental degradation, economic and industrial losses, and human health risks.
One of the major challenges in dealing with abandoned ships and marine debris mentioned by many participants was the lack of options for the disposal or recycling of vessels and marine debris, especially polystyrene foam. Also, ship-owners discard their boats because they have difficulty finding affordable local options to recycle them. Also, one of the major challenges of sea cleaning is transporting, sorting, and disposing of sewage. Most of the examples of coastal clean-up programs described by conference participants were non-profit organizations supported by volunteers. These volunteers lack authority, have insufficient interaction with government, not following the rules properly at both provincial and national regulations, and others. This will pose a hurdle to ocean cleaning leading to reduced demand for automated marine debris cleaning equipment products. Hence, supporting infrastructure is lacking; for example, even when sewage has become collected for beach cleaning, garbage disposal, and recycling as well, disposal options can be very complex and expensive. The regions that offer options for recycling or disposal of ships and marine debris have captured the market for marine debris collection equipment over the years. Better plastic and recyclable battery and garbage disposal option in a small handmade ports, additional discarding options available on beaches, and more options for fishermen to find lost items on the beach for disposal and recycling. Emphasized the need to make proper disposal/recycling easier in ports.
Many marine debris collectors have identified the need for greater cooperation between all levels of government as well as agencies responsible for dealing with discarded vessels and marine debris, including organization agencies, provincial institutions, indigenous organizations, municipalities, and district regions. A few groups recommend that the first step should be a coastal development strategy. The strategy includes maritime plans, such as land use plans, and is regulated. Several players have found that the best way to deal with challenges is through collaboration between the government and marine debris cleaning agencies.
Global Automated Marine Debris Collection Equipment MarketSegmentation Analysis
The Global Automated Marine Debris Collection Equipment Market is segmented on the basis of Application, Type, and Geography.
Automated Marine Debris Collection Equipment Market, By Application
• Government• Fisheries
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Based on Application, the market is bifurcated into Government and Fisheries. The Government segment is accounted for the largest market share in 2021 and is projected to grow at a CAGR of 8.34% during the forecast period. Marine debris refers to marine litter that is deliberately or accidentally released into the water bodies such as the sea, ocean, strait, and rest of the others during human activities. Maritime logistics is growing around the world which is aiding the increase in marine litter. Also, dumping plastic waste into the sea, and ocean across developing and underdeveloped countries is increasing. The dumping of plastic, as well as other types of waste into marine water bodies, is illegal; still, lots of litter is being dumped into seas, oceans, and other water bodies illegally. Due to growing marine debris, millions of marine animals are being killed due to plastic pollution every year. Furthermore, the majority of mollusks and shellfish were contaminated with micro-plastic. According to the Plastic Oceans International Organization, 100% of mussels contained micro-plastics and people have consumed such mussels with micro-plastic in them. Thus, governments of various countries are taking initiatives for cleaning and protecting the marine ecosystem.
Automated Marine Debris Collection Equipment Market, By Type
• Collect• Smash• Uninstall
Based on Type, the Global Automated Marine Debris Collection Equipment Market has been segmented into Collect, Smash, and Uninstall. The Collect segment is accounted for the largest market share and is projected to grow at the highest CAGR of 6.85% during the forecast period. Automated Marine Debris Collection Equipment helps to collect the marine debris from the water surface and also dumped debris under the marine water surface. Collected marine debris can be stored and disposed of with various disposal methods outside the marine water surface without harming the natural flora and fauna. The equipment also helps in collecting the debris from the beaches and seashores to provide a clean and litter-free environment for the aquatic animals and the plants. Debris-free seashores and cleaned shallow marine water surfaces provide the potential for the fisheries to harvest large aquatic produce.
Automated Marine Debris Collection Equipment Market, By Geography
• North America• Europe• Asia Pacific• Latin America• Middle East and Africa
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Based on regional analysis, the Global Automated Marine Debris Collection Equipment Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America accounted for the largest market share and is projected to grow at a CAGR of 7.79% during the forecast period. North America is the most developed region in the world in almost all industries including aerospace, healthcare, life sciences, infrastructure, manufacturing, and technology, amongst others. North America is going to hold the largest market share during the forecasted period due to various driving factors including, the rising demand for automated marine debris collection equipment in seawater cleaning across North America, growing production of plastic, growing demand for a plastic packaging material across the region, and the rest of others. The marine logistics industry is booming across the North American continent due to the growing online as well as offline retail sales per year. Furthermore, e-commerce platforms are booming across the North American continent as the American population is inclined towards online shopping. The major e-commerce platforms across the region including Amazon, Walmart, eBay, Home Depot, and Wayfair, amongst others are aiding the rise in the production of plastic polymers for different logistic operations including packaging, across the North American Market.
Key Players
The major players in the market are Elastec, Harbor Clean, United Marine International, Liverpool Water Witch Marine, and Engineering Co. Ltd., and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In January 2021, Elastec is excited to announce the acquisition of the Jenson Lake Mower to expand their ever-growing line of water maintenance products.• The Lake Mower is a sickle lake weed cutter that makes lake weed removal as simple as mowing the lawn home. With this electric lake weed cutter, controlling milfoil, hydril, cattail, lily pads, and other aquatic weeds is a breeze.
• In February 2022, Water Witch, pioneering manufacturer of marine litter collection workboats, announces partnership with Marine AI to develop next generation autonomous vessels.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2022-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Elastec, Harbor Clean, United Marine International, Liverpool Water Witch Marine, and Engineering Co. Ltd., and Others. |
SEGMENTS COVERED | Application, Type, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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