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Ocean Economy Market Size, Share, Trends, Industry Analysis Report: By Industry Type (Marine Renewable Energy, Fisheries and Aquaculture, Marine Biotechnology, Marine Transport and Shipping, Marine Tourism and Recreation, Offshore Oil and Gas, Others), an

Publisher Polaris Market Research & Consulting LLP
Published Jan 01, 2025
SKU # PLRS19584894

Description

The global ocean economy market size is expected treach USD 3,782.96 billion by 2034, according ta new study by Polaris Market Research. The report “Ocean Economy Market Size, Share, Trends, Industry Analysis Report: By Industry Type (Marine Renewable Energy, Fisheries and Aquaculture, Marine Biotechnology, Marine Transport and Shipping, Marine Tourism and Recreation, Offshore Oil and Gas, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025-2034” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The ocean economy market, encompassing sectors such as marine biotechnology, renewable energy, shipping, fisheries, tourism, and mineral resources, represents a significant and growing component of the global economy. Covering over 70% of the Earth’s surface, the oceans hold immense potential for, food economic growth security, and environmental sustainability. The rising demand for sustainable resources, driven by growing global populations and the depletion of terrestrial resources, is propelling the ocean economy market. Oceans remain a largely untapped source of food, energy, and raw materials, offering solutions taddress these increasing pressures. For instance, marine aquaculture is rapidly expanding as a solution tthe growing demand for protein, while offshore wind farms are gaining traction as a clean energy source tmeet the rising global energy needs. Additionally, advances in marine biotechnology are exposing new opportunities in pharmaceuticals, cosmetics, and nutraceuticals, contributing tthe market's expansion.

The technological advancements are enhancing exploration and exploitation capabilities in the ocean economy. Innovations in robotics, autonomous systems, and data analytics are enabling more efficient and sustainable operations in areas such as deep-sea mining, underwater construction, and marine resource management. These technologies are opening new avenues for growth and ensuring that economic activities in the ocean are conducted in an environmentally responsible manner. Furthermore, increasing government initiatives and international collaborations aimed at promoting the blue economy are creating opportunities for investment and development. Policies focused on sustainable fisheries management, marine conservation, and ocean-based renewable energy are boosting a conducive environment for market growth.

Ocean Economy Market Report Highlights

Marine tourism dominated the ocean economy in 2024, driven by sustainable travel demand, coastal infrastructure growth, eco-tourism trends, technological innovations, and policies promoting conservation and recreation in emerging economies.

Asia Pacific leads the ocean economy market in 2024, driven by industrialization, expanding maritime trade, rising e-commerce, offshore energy investments, and infrastructure growth in countries such as China, India, and Southeast Asia.

Europe's ocean economy is expected tgrow, driven by marine energy, shipping, seafood production, sustainable investments, innovative technologies, and EU initiatives such as BlueInvest, with offshore wind and aquaculture expansion.

The global key market players include DNV GL; Royal Dutch Shell; Siemens Gamesa Renewable Energy; ABB; General Electric; Cargill, Incorporated; Schlumberger Limited; Schneider Electric; Ocean Cleanup; Thales Group; A.P. Moller - Maersk; Continental AG.

Polaris Market Research has segmented the ocean economy market report based on industry type and region:

By Industry Type Outlook (Revenue - USD billion, 2020-2034)

Marine Renewable Energy

Fisheries and Aquaculture

Marine Biotechnology

Marine Transport and Shipping

Marine Tourism and Recreation

Offshore Oil and Gas

Others

By Regional Outlook (Revenue - USD billion, 2020-2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Vietnam

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Table of Contents

Chapter 1. Introduction
1.1 Report Description
1.1.1 Objective of the Study
1.1.2 Market Scope
1.1.3 Assumptions
1.2 Stakeholders
Chapter 2. Research Methodology
2.1 Research Methodology
2.2 Research Scope and Assumptions
2.3 Information Procurement
2.3.1 Purchased Database
2.3.2 Internal Database
2.3.3 Secondary Sources
2.3.4 Third Party Perspective
2.3.5 Primary Research
2.4 Information Analysis
2.4.1 Data Analysis Models
2.5 Market Formulation and Data Visualization
2.6 Data Validation and Publishing (Secondary Sources)
Chapter 3. Executive Summary
Chapter 4. Market Insights
4.1 Ocean Economy – Industry snapshot
4.2 Ocean Economy Market - Value Chain Analysis
4.2.1 Ocean Economy Market Dynamics
4.2.2 Drivers and Opportunities
4.2.2.1 Rising Global Demand for Sustainable Seafood Sources.
4.2.2.2 Increasing Investments in Marine Ecosystem Preservation
4.2.3 Restraints and Challenges
4.2.3.1 High Capital Investment Requirements for Infrastructure Development.
4.3 Ocean Economy Market – Porter’s Five Forces
4.3.1 Threat of Substitutes: (High)
4.3.2 Threat of New Entrants: (Moderate to High)
4.3.3 Bargaining power of buyers: (Moderate to High)
4.3.4 Bargaining power of suppliers: (Moderate)
4.3.5 Competitive Rivalry: (High)
4.4 Ocean Economy Market – PESTLE Analysis
4.5 Covid-19 Impact Analysis & Industry Trends
Chapter 5. Ocean Economy Market Assessment By Industry Type
5.1 Introduction
5.2 Marine Transport and Shipping
5.3 Marine Tourism and Recreation
5.4 Fisheries and Aquaculture
5.5 Offshore Oil and Gas
5.6 Government
5.7 Others
Chapter 6. Ocean Economy Market Assessment by Region
6.1 Introduction
6.2 Ocean Economy Market – North America
6.2.1 North America Ocean Economy, Industry Type
6.2.2 Ocean Economy Market – U.S.
6.2.2.1 U.S. Ocean Economy, Industry Type
6.2.3 Ocean Economy Market – Canada
6.2.3.1 Canada Ocean Economy, By Industry Type
6.3 Ocean Economy Market – Europe
6.3.1 Europe Ocean Economy, Industry Type
6.3.2 Ocean Economy Market – UK
6.3.2.1 UK Ocean Economy, By Industry Type
6.3.3 Ocean Economy Market – France
6.3.3.1 France Ocean Economy, By Industry Type
6.3.4 Ocean Economy Market – Germany
6.3.4.1 Germany Ocean Economy, By Industry Type
6.3.5 Ocean Economy Market – Italy
6.3.5.1 Italy Ocean Economy, By Industry Type
6.3.6 Ocean Economy Market – Spain
6.3.6.1 Spain Ocean Economy, By Industry Type
6.3.7 Ocean Economy Market – Netherlands
6.3.7.1 Netherlands Ocean Economy, By Industry Type
6.3.8 Ocean Economy Market – Rest of Europe
6.3.8.1 Rest of Europe Ocean Economy, By Industry Type
6.4 Ocean Economy Market – Asia Pacific
6.4.1 Asia Pacific Ocean Economy, Industry Type
6.4.2 Ocean Economy Market – China
6.4.2.1 China Ocean Economy, By Industry Type
6.4.3 Ocean Economy Market – India
6.4.3.1 India Ocean Economy, By Industry Type
6.4.4 Ocean Economy Market – Japan
6.4.4.1 Japan Ocean Economy, By Industry Type
6.4.5 Ocean Economy Market – Indonesia
6.4.5.1 Indonesia Ocean Economy, By Industry Type
6.4.6 Ocean Economy Market – South Korea
6.4.6.1 South Korea Ocean Economy, By Industry Type
6.4.7 Ocean Economy Market – Malaysia
6.4.7.1 Malaysia Ocean Economy, By Industry Type
6.4.8 Ocean Economy Market – Australia
6.4.8.1 Australia Ocean Economy, By Industry Type
6.4.9 Ocean Economy Market – Rest of Asia Pacific
6.4.9.1 Rest of Asia Pacific Ocean Economy, By Industry Type
6.5 Ocean Economy Market – Latin America
6.5.1 Latin America Ocean Economy, Industry Type
6.5.2 Ocean Economy Market – Brazil
6.5.2.1 Brazil Ocean Economy, By Industry Type
6.5.3 Ocean Economy Market – Argentina
6.5.3.1 Argentina Ocean Economy, By Industry Type
6.5.4 Ocean Economy Market – Mexico
6.5.4.1 Mexico Ocean Economy, By Industry Type
6.5.5 Ocean Economy Market – Rest of Latin America
6.5.5.1 Rest of Latin America Ocean Economy, By Industry Type
6.6 Ocean Economy Market – Middle East and Africa
6.6.1 Middle East and Africa Ocean Economy, Industry Type
6.6.2 Ocean Economy Market – Saudi Arabia
6.6.2.1 Saudi Arabia Ocean Economy, By Industry Type
6.6.3 Ocean Economy Market – UAE
6.6.3.1 UAE Ocean Economy, By Industry Type
6.6.4 Ocean Economy Market – South Africa
6.6.4.1 South Africa Ocean Economy, By Industry Type
6.6.5 Ocean Economy Market – Israel
6.6.5.1 Israel Ocean Economy, By Industry Type
6.6.6 Ocean Economy Market – Rest of Middle East & Africa
6.6.6.1 Rest of Middle East & Africa Ocean Economy, By Industry Type
Chapter 7. Competitive Landscape
7.1 Strategy Framework
7.2 Strategies Categorization
7.2.1 Organic Developments
7.2.2 Inorganic Developments
7.3 Vendor Landscape
Chapter 8. Company Profiles
8.1 DNV GL
8.1.1 Business Overview
8.1.2 Financial Snapshot
8.1.2.1 Revenue by Market Segment
8.1.3 Products Benchmarking
8.1.4 Recent Developments
8.2 Royal Dutch Shell
8.2.1 Business Overview
8.2.2 Financial Snapshot
8.2.2.1 Revenue by Market Segment
8.2.2.2 Revenue by Region
8.2.3 Products Benchmarking
8.2.4 Recent Developments
8.3 Siemens Gamesa Renewable Energy
8.3.1 Business Overview
8.3.2 Financial Snapshot
8.3.2.1 Revenue by Market Segment
8.3.2.2 Revenue by Region
8.3.3 Products Benchmarking
8.4 ABB
8.4.1 Business Overview
8.4.2 Financial Snapshot
8.4.2.1 Revenue by Market Segment
8.4.2.2 Revenue by Region
8.4.3 Products Benchmarking
8.4.4 Recent Developments
8.5 General Electric
8.5.1 Business Overview
8.5.2 Financial Snapshot
8.5.2.1 Revenue by Market Segment
8.5.2.2 Revenue by Region
8.5.3 Products Benchmarking
8.5.4 Recent Developments
8.6 Cargill, Incorporated
8.6.1 Business Overview
8.6.2 Financial Snapshot
8.6.3 Products Benchmarking
8.7 Schlumberger Limited
8.7.1 Business Overview
8.7.2 Financial Snapshot
8.7.2.1 Revenue by Market Segment
8.7.2.2 Revenue by Region
8.7.3 Products Benchmarking
8.7.4 Recent Developments
8.8 Schneider Electric
8.8.1 Business Overview
8.8.2 Financial Snapshot
8.8.2.1 Revenue by Market Segment
8.8.2.2 Revenue by Region
8.8.3 Products Benchmarking
8.8.4 Recent Developments
8.9 Ocean Cleanup
8.9.1 Business Overview
8.9.2 Financial Snapshot
8.9.3 Products Benchmarking
8.9.4 Recent Developments
8.10 Thales Group
8.10.1 Business Overview
8.10.2 Financial Snapshot
8.10.2.1 Revenue by Market Segment
8.10.3 Products Benchmarking
8.10.4 Recent Developments
8.11 A.P. Moller - Maersk
8.11.1 Business Overview
8.11.2 Financial Snapshot
5.1.2.1. Revenue by Market Segment
5.1.2.2. Revenue by Country
8.11.3 Products Benchmarking
8.11.4 Recent Developments
8.12 Continental AG
8.12.1 Business Overview
8.12.2 Financial Snapshot
8.12.3 Revenue by Market Segment
8.12.4 Revenue by Region
8.12.5 Products Benchmarking
8.12.6 Recent Developments

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