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Deep Sea Mining Technologies, Equipment and Mineral Targets

  • ID: 4772916
  • Report
  • Region: Global
  • 127 Pages
  • BCC Research
1 of 5

FEATURED COMPANIES

  • Acteon Group Ltd.
  • Bosch Rexroth Ag
  • Cellula Robotics Ltd.
  • ECA Group
  • Hydro-Lek Ltd.
  • Mhwirth As
  • MORE

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.

Based on types of deposits at sea floor, deep sea mining can be categorized into three types:

  • Cobalt rich crusts (CRC)
  • Manganese nodules
  • Seafloor massive sulphides (SMS)

Cobalt rich crusts, also known as cobalt crusts or cobalt rich ferromanganese crust, are rock-hard, metallic layers that form on the flanks of submarine volcanoes, called seamounts. It is estimated that slightly more than 55% of sea floor cobalt crusts are located in the Pacific Ocean. Cobalt crusts also represent a very large metal resource in the sea and contain a relatively large amount of cobalt compared to deposits on land and to manganese nodules. The largest share of metals in the cobalt crusts, however, consists of manganese and iron. Cobalt crusts are also called as cobalt rich ferromanganese crusts. On an average, most promising cobalt crusts lie at water depths of 800 to 2,500 meters.

Manganese nodules, also known as polymetallic nodules (PMN or PN), contain mainly manganese, along with other minerals such as iron, nickel, copper, titanium and cobalt. Manganese nodules are mainly present in the Pacific and Indian Oceans, in the wide deep-sea basins at depths of 3,500 to 6,500 meters.

Seafloor massive sulphides, also known as sulphide deposits, originate at hydrothermal vents in the ocean where sulphide-enriched water flows out of the seabed. Massive sulphide deposits are expected to contain valuable metals such as copper, gold and silver. However, high temperatures around the hydrothermal vents make it is nearly impossible to carry out mining activities near the active vents; high temperatures would damage machinery and mining vehicles. SMS deposits typically occur at depths of 500 to 4,000 meters. Currently, the focus is on depth within 500 to 2,500 meters range as that is considered economical and profitable.

The scope of this report includes various types of equipment used in the deep sea mining market. The market is broken down by major equipment, minerals, mining stages, and regions. The market has not yet started on a commercial scale and the first commercial exploration is expected to start in 2019. Therefore, the revenue forecast period is from 2020 through 2030. The revenue forecast includes manufacturers’ total revenue and is categorized by major equipment as well as by mining stages.

Detailed Inclusions:

  • For the purpose of this report, deep sea mining is defined as the mining of minerals and metals from the sea floor at a depth of more than 500 meters.
  • The report covers the following stakeholders in the global market for deep sea mining -
    • Core deep sea mining companies (e.g. Nautilus Minerals and Neptune Minerals).
    • Companies and institutions, including government bodies, that are not yet active in the deep sea mining market but have applied for a license and have shown interest in deep sea mining.
    • Manufacturers of deep sea mining equipment.
  • For manufacturers of deep sea mining equipment, revenue includes both product/ manufacturing revenue and services revenue.
  • Revenue forecasts from 2020 to 2030 are given for the overall market and regional market with estimated values derived from manufacturers’ and deep sea mining operators’ total revenues.
  • Deep sea mining has the following phases: Exploration, evaluation, extraction and mining, mineral lifting (to support vessel), surface operations, and transfer of mineral to shore.
  • However, in this report, for the purpose of market revenue calculation, only the stages that are directly linked to mining activity are considered. Hence, only extraction and mining, mineral lifting, and surface operations phases are considered; these stages are together known as the exploitation stage.
  • For company profiles, the report has considered players/companies from the above three categories, depending on their importance in the global market only.
  • Companies considered for profiling are based on a number of criteria such as a number of licenses, geographic presence, current activity in deep-sea mining, innovation capability, revenue, etc.
  • The report considers mining licenses granted (approved) as well as applied for (yet to be approved) by both ISA and individual countries (where the mining area falls under a particular country’s territory or exclusive economic zone (EEZ).
  • For deep sea mining in a country’s territory (EEZ), the report only considers license information that is publicly available through trusted sources.

Detailed Exclusions:

  • The report has not considered 2017 and 2018 revenue as although the active companies are spending a significant amount, the mines are not yet operational and hence are not considered.
  • Any mining activity at a depth of fewer than 500 meters is considered as shallow sea mining and is excluded from the scope of this report.
  • Evaluation and exploration stages of deep sea mining are not considered as exploration and evaluation does not necessarily indicate mining. There is often a huge time gap between the exploration and evaluation phase and the start of the actual deep sea mining process.
  • Equipment and systems such as vessels that are used to transport the mineral to shore, vessels used for exploration, mineral cleaning systems, etc. are excluded from the scope of this report.
  • The report also excludes any post sales service providers who are into consulting, education, support, etc.
  • The report also excludes any revenue or expenditure out of environmental impact assessment.

The 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 the 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.)
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Acteon Group Ltd.
  • Bosch Rexroth Ag
  • Cellula Robotics Ltd.
  • ECA Group
  • Hydro-Lek Ltd.
  • Mhwirth As
  • MORE

Chapter 1 Introduction

  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • International Seabed Authority (ISA)
  • United Nations Convention on the Law of the Sea (UNCLOS)
  • Exclusive Economic Zone (EEZ)
  • Information Sources
  • Methodology
  • Mineral Market Revenue Calculation
  • Deep Sea Mining Equipment Market Calculation
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

  • Need for Deep Sea Mining
  • History and Evolution of Deep Sea Mining
  • Role of ISA and EEZs
  • ISA and UNCLOS
  • EEZ
  • Deep Sea Mining Stages
  • Exploration
  • Evaluation
  • Extraction
  • Lifting
  • Surface Operations
  • Key Stakeholders in the Deep Sea Mining Market
  • Core Deep Sea Mining Companies
  • Companies and Institutions That Are Not Yet Active but Have Applied for Licenses
  • Manufacturers of Deep Sea Mining Equipment
  • Key Company Strategies
  • Funding and Investment
  • Partnership with Other Stakeholders
  • Focus on EEZs
  • Continuous Technological Improvement, Including Focus on Cost-Cutting While Improving Efficiency
  • Market Trends
  • Growing Interest from Various Governments
  • Expected Entrance of New Companies
  • Funding to Become More Important in the Coming Years
  • Increase in Competition Among ISA Member States
  • Global Market Forecast for Deep Sea Mining Technologies, Equipment and Mineral Targets

Chapter 4 Market Breakdown by Mining Stage

  • Extraction and Mining
  • Lifting Systems
  • Surface Operations
  • Opportunity Analysis
  • Extraction Segment
  • Lifting Segment
  • Surface Operations Segment

Chapter 5 Market Breakdown by Type of Equipment/Component

  • Vehicles, Collectors and Cutters
  • Vehicles
  • Cutters
  • Collectors
  • Lifters (Lifting Systems)
  • Research Vessels
  • Others
  • Opportunity Analysis
  • Vehicles Subsegment
  • Collectors Subsegment
  • Lifting Systems Segment

Chapter 6 Market Breakdown by Mineral Extraction Potential

  • Sea-floor Massive Sulphides (SMS)
  • Polymetallic (Manganese) Nodules
  • Cobalt-rich Ferromanganese Crusts
  • Manganese
  • Zinc
  • Copper
  • Nickel
  • Cobalt

Chapter 7 Market Breakdown by Region

  • Breakdown by Region Where Exploration/Exploitation Licenses Have Been Issued
  • Breakdown by Region Where Exploration/Exploitation Licenses Have Been Issued
  • North America
  • Europe
  • APAC
  • Others
  • Opportunity Analysis of All Regions

Chapter 8 Industry Structure and Patent Analysis

  • Deep Sea Mining Market Supply Chain
  • Future Prospects for the Deep Sea Mining Market
  • Level of Competition Among Existing Players
  • Level of Threat from Substitutes
  • Level of Threat to Existing Players from New Entrants
  • Market Drivers
  • Over Dependence on Certain Countries for Supply of High Importance Metals
  • Depleting Land Resources
  • Desire to Earn Revenue and Self-Reliance, Especially Among Small Island Nations
  • Strong Growing Electronics and Electric Car Markets
  • Technological Advancement in the Deep Sea Mining Equipment Space
  • Market Challenges
  • High Initial Investment and Long Break-Even Period
  • Protests from Various Groups
  • Higher Risk than Land-Based Mining
  • Metal Price Fluctuation
  • Patent Analysis

Chapter 9 Company Profiles

  • 2H Offshore Engineering Ltd.
  • Acteon Group Ltd.
  • Bauer Maschinen Gmbh
  • Bosch Rexroth Ag
  • Caley Ocean Systems Ltd.
  • Cellula Robotics Ltd.
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd.
  • Deep Reach Technology, Inc.
  • Deepgreen Metals, Inc.
  • Dredging Environmental & Marine Engineering Nv
  • ECA Group
  • Eramet Group (Eramet S.A.)
  • Hydril Pressure Control (Ge Hydril)
  • Gmc Ltd.
  • Hydro-Lek Ltd.
  • Keppel Offshore & Marine Ltd.
  • Kongsberg Maritime As
  • Mhwirth As
  • Nautilus Minerals, Inc.
  • Neptune Minerals, Inc.
  • Nordic Ocean Resources As (Nora)
  • Odyssey Marine Exploration, Inc.
  • Royal Ihc Ltd.
  • Seas (Submersible Equipment & Services) Offshore Pty Ltd.
  • Seatech Solutions International (S) Pte Ltd.
  • Soil Machine Dynamics Ltd.
  • Technipfmc Plc
  • Teledyne Technologies, Inc.
  • Tritech International Ltd.
  • UK Seabed Resources (Lockheed Martin UK Ltd.)

List of Tables
Summary Table: Global Market for Deep Sea Mining, by Mining Stage, Through 2030
Table 1: Global Demand for Cobalt, Through 2020
Table 2: Percentage Share of Global Demand for Cobalt, by End Use, 2006-2020
Table 3: Global Market for Rare Earth Metals, Through 2024
Table 4: Some Key Minerals/Metals, Their Global Production and Applications
Table 5: Some Key Manufacturers of Deep Sea Mining Equipment and Components
Table 6: Some Key Exploration and Mining Licenses in EEZs by Various National Governments
Table 7: Global Market for Deep Sea Mining, by Mining Stage, Through 2030
Table 8: Global Market Shares of Deep Sea Mining, by Mining Stage, 2020
Table 9: Global Market Share of Deep Sea Mining, by Mining Stage, 2024
Table 10: Global Market Share of Deep Sea Mining, by Mining Stage, 2030
Table 11: Global Market for Deep Sea Mining Extraction and Mining, Through 2030
Table 12: Global Market for Deep Sea Mining Lifting Systems, Through 2030
Table 13: Global Market for Deep Sea Mining Surface Operations, Through 2030
Table 14: Global Market for Deep Sea Mining, by Type of Equipment/Component, Through 2030
Table 15: Global Market Share of Deep Sea Mining, by Type of Equipment/Component, 2020
Table 16: Global Market Share of Deep Sea Mining, by Type of Equipment/Component, 2024
Table 17: Global Market Share of Deep Sea Mining, by Type of Equipment/Component, 2030
Table 18: Global Market for Deep Sea Mining Vehicles, Collectors and Cutters, Through 2030
Table 19: Global Market for Deep Sea Mining Lifting Systems, Through 2030
Table 20: Global Market for Deep Sea Mining Research Vessels, Through 2030
Table 21: Global Market for the Deep Sea Mining Others Segment, Through 2030
Table 22: Global Market Volumes of Deep Sea Mining, Estimated Gold and Silver Content in Some Deposits, by Region
Table 23: Global Market Volumes of Deep Sea Mining, Estimated Total Metal Content in CCZ vs. Land-Based Deposits
Table 24: Global Market Volumes of Deep Sea Mining, Estimated Total Metal Content in PCZ vs. Land-based Deposits
Table 25: Global Market Volumes of Deep Sea Mining, Mineral Extraction Potential, by Type of Deposit
Table 26: Global Market Volume Shares of Deep Sea Mining, Mineral Extraction Potential, by Type of Deposit
Table 27: Global Market for Deep Sea Mining, by Mineral Extraction Potential, Through 2030
Table 28: Global Market Shares of Deep Sea Mining, by Mineral Extraction Potential, 2020 and 2030
Table 29: Global Market for Deep Sea Mining, by Region Where Exploration/Exploitation Licenses Have Been Issued, 2018
Table 30: Global Share of Exploration/Exploitation Licenses which Have Been Issued for Deep Sea Mining, by Region, 2018
Table 31: Global Exploration/Exploitation Licenses Which Have Been Issued for Deep Sea Mining, by Region and Type of Deposit
Table 32: Global Share of Exploration/Exploitation Licenses Which Have Been Issued for Deep Sea Mining, by Region and Type of Deposit
Table 33: Regional Classification of Exploration or/and Exploitation Licenses for Deep Sea Mining by Companies, Government Bodies and Business Units
Table 34: Regional Classification of Exploration or/and Exploitation Licenses Share for Deep Sea Mining by Companies, Government Bodies and Business Units
Table 35: Regional Classification of Exploration or/and Exploitation Licenses for Deep Sea Mining by Companies, Government Bodies and Business Units and Type of Deposit
Table 36: Regional Classification of Exploration or/and Exploitation Licenses Share for Deep Sea Mining by Companies, Government Bodies and Business Units and Type of Deposit
Table 37: North American Market for Deep Sea Mining, by Country Where Exploration/Exploitation Licenses Have Been Issued
Table 38: European Market for Deep Sea Mining, by Country Where Exploration/Exploitation Licenses Have Been Issued
Table 39: APAC Market for Deep Sea Mining, by Country Where Exploration/Exploitation Licenses Have Been Issued
Table 40: Opportunity Analysis of Global Deep Sea Mining Market, by Country
Table 41: Key Drivers and Their Impact on the Global Deep Sea Mining Market
Table 42: Patent Share of Global Deep Sea Mining Technologies, by Category, 2018

List of Figures
Summary Figure: Global Market for Deep Sea Mining, by Mining Stage, 2017-2030
Figure 1: Global Demand for Cobalt, 2017 and 2020
Figure 2: Percentage Share of Global Demand for Cobalt, by End Use, 2006-2020
Figure 3: Global Market for Rare Earth Metals, 2017 and 2024
Figure 4: Global Market for Deep Sea Mining, by Mining Stage, 2017-2030
Figure 5: Global Market Shares of Deep Sea Mining, by Mining Stage, 2020
Figure 6: Global Market Share of Deep Sea Mining, by Mining Stage, 2024
Figure 7: Global Market Share of Deep Sea Mining, by Mining Stage, 2030
Figure 8: Global Market for Deep Sea Mining Extraction and Mining, 2017-2030
Figure 9: Global Market Share for Deep Sea Mining Lifting Systems, 2017-2030
Figure 10: Global Market for Deep Sea Mining Surface Operations, 2017-2030
Figure 11: Global Market for Deep Sea Mining, by Type of Equipment/Component, 2017-2030
Figure 12: Global Market Share of Deep Sea Mining, by Type of Equipment/Component, 2020
Figure 13: Global Market Share of Deep Sea Mining, by Type of Equipment/Component, 2024
Figure 14: Global Market Shares of Deep Sea Mining, by Type of Equipment/Component, 2030
Figure 15: Global Market for Deep Sea Mining Vehicles, Collectors and Cutters, 2017-2030
Figure 16: Global Market for Deep Sea Mining Lifting Systems, 2017-2030
Figure 17: Global Market for Deep Sea Mining Research Vessels, 2017-2030
Figure 18: Global Market for the Deep Sea Mining Others Segment, 2017-2030
Figure 19: Global Market for Deep Sea Mining, by Mineral Extraction Potential, 2017-2030
Figure 20: Global Market Share of Deep Sea Mining, by Mineral Extraction Potential, 2020
Figure 21: Global Market Share of Deep Sea Mining, by Mineral Extraction Potential, 2030
Figure 22: Global Share of Exploration/Exploitation Licenses which Have Been Issued for Deep Sea Mining, by Region, 2018
Figure 23: Global Share of Exploration/Exploitation Licenses Which Have Been Issued for Deep Sea Mining, by Region and Type of Deposit
Figure 24: Regional Classification of Exploration or/and Exploitation Licenses Share for Deep Sea Mining by Companies, Government Bodies and Business Units
Figure 25: Regional Classification of Exploration or/and Exploitation Licenses Share for Deep Sea Mining by Companies, Government Bodies and Business Units and Type of Deposit
Figure 26: Patent Share of Global Deep Sea Mining Technologies, by Category, as of 2018

Note: Product cover images may vary from those shown
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4 of 5

FEATURED COMPANIES

  • Acteon Group Ltd.
  • Bosch Rexroth Ag
  • Cellula Robotics Ltd.
  • ECA Group
  • Hydro-Lek Ltd.
  • Mhwirth As
  • MORE

This report examines deep-sea mining equipment, technologies, mineral revenue potential and the current state of the market. The analysis includes a detailed survey of upcoming organizations in the market as well as existing players. Included is an examination, description and valuation of global and regional market sizes for 2020 through 2030.

While a wide range of companies operates in the market, below is a broad classification of these companies:

  • Core deep sea mining companies (for example, Nautilus Minerals and Neptune Minerals).
  • Companies and institutions (including government bodies) that are not yet active in the deep sea mining market but have applied for licensing and have shown interest in deep sea mining.
  • Manufacturers of deep sea mining equipment.

APAC is the largest market for deep sea mining in terms of licenses granted for deep sea mining activities. All deep sea mining contracts for ISA are required to have a state sponsor and according to the agreements, the sponsoring government will have a share in the revenue that the mining company expects to generate. Within APAC, Oceania (which consists of countries or sovereign states such as Palau, Fiji, Tonga, Kiribati, Tuvalu, as well as New Zealand and Australia) is the issuer of the largest number of deep sea mining licenses. The EEZs within Oceania have the largest number of sea floor massive sulphide (SMS) deposits and hence sees a large number of mining applications. APAC is also expected to see the largest revenue from deep sea mining activities in the coming years. APAC is followed by Europe and North America in terms of licenses granted (and pending applications). In North America, the U.S. has not ratified ISA and is not a member of the United Nations Convention on the Law of the Sea (UNCLOS). Hence, licenses granted and mining active by the

U.S. is not covered by ISA. APAC is also expected to see strong growth in deep sea mining activity mainly due to the presence of a large number of SMS deposits with the EEZ of various countries.

Note: Product cover images may vary from those shown
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  • 2H Offshore Engineering Ltd.
  • Acteon Group Ltd.
  • Bauer Maschinen Gmbh
  • Bosch Rexroth Ag
  • Caley Ocean Systems Ltd.
  • Cellula Robotics Ltd.
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd.
  • Deep Reach Technology, Inc.
  • Deepgreen Metals, Inc.
  • Dredging Environmental & Marine Engineering Nv
  • ECA Group
  • Eramet Group (Eramet S.A.)
  • GMC Ltd.
  • Hydril Pressure Control (Ge Hydril)
  • Hydro-Lek Ltd.
  • Keppel Offshore & Marine Ltd.
  • Kongsberg Maritime As
  • Mhwirth As
  • Nautilus Minerals, Inc.
  • Neptune Minerals, Inc.
  • Nordic Ocean Resources As (Nora)
  • Odyssey Marine Exploration, Inc.
  • Royal Ihc Ltd.
  • Seas (Submersible Equipment & Services) Offshore Pty Ltd.
  • Seatech Solutions International (S) Pte Ltd.
  • Soil Machine Dynamics Ltd.
  • Technipfmc Plc
  • Teledyne Technologies, Inc.
  • Tritech International Ltd.
  • UK Seabed Resources (Lockheed Martin UK Ltd.)
Note: Product cover images may vary from those shown
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