Deep Sea Mining Technologies, Equipment and Mineral Targets | Latest Research Report With Revenue Forecasts 2020 to 2030

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 operate 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.

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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 revenue that the mining company expects to generate. In case of EEZ mining contracts, the countries prefer to keep a sharegenerally between REDACTED to REDACTED of the revenue generated from selling the minerals. Within APAC, Oceania (which consists of countries or sovereign states such as Palau, Fiji, Tonga, Kiribati, Tuvalu, as well as New Zealand andAustralia) 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 (andpending applications). In North America, the U.S. has not ratified ISA and is not a member of United Nations Convention on the Law of the Sea (UNCLOS). Hence, licenses granted and mining active by the

U.S. are not covered by ISA. APAC is also expected to see strong growth in deep sea mining activity mainly due to the presence of large number of SMS deposits with the EEZ of various countries. In the analysis presented in this report the following key points are identified -
- Global demand for deep sea mining (in terms of equipment used) is projected to reachREDACTED by 2020.
- Global demand is expected to increase to just over REDACTED by 2024 and is further expected to increase to nearly REDACTED by 2030.
- Total equipment and mining CAGR is projected to be REDACTED over the forecast period, indicating a very strong growth."

"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 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 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 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 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 countrys territory or exclusive economic zone (EEZ).
- For deep sea mining in a countrys territory (EEZ), the report only considers license information that is publicly available through trusted sources.

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Detailed Exclusions -
- The report has not considered 2017 and 2018 revenue as although the active companies are spending significant amount, the mines are not yet operational and hence are not considered.
- Any mining activity at a depth of less 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 start of actual deep sea mining process.
- Equipment and systems such as vessels that are used to transport 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.

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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