openPR Logo
Press release

Automated Marine Debris Collection Equipment Market : Rising Awareness Regarding Impact of Marine Debris to Drive Adoption across Region

Automated Marine Debris Collection Equipment Market : Rising

The Mediterranean market for automated marine debris collection equipment (conceptualized) has excellent growth prospects and virtually limitless growth opportunities owing to the presence of no notable player, observes Transparency Market Research in a recent report. The potential companies who are expected to have a lead in the market are the ones who can bank on their experience in the manufacture of manual marine waste collection boats and make a shift to technological advancements and automated equipment. These include Liverpool Water Witch Marine and Engineering Co. Ltd., U.S. based Elastec, United Marine International, and Harbor Clean.

Browse The Report: http://www.transparencymarketresearch.com/automated-marine-debris-collection-equipment-market.html

The concept automated marine debris collection equipment is an unmanned or remotely controlled compact boat designed to work in a self-contained environment, with the choice of having on-board or off shore debris treating facility. Transparency Market Research estimates that the market for such an automated marine debris collection equipment will attain an average adoption level of 8% in the early year (2018) of introduction and reach 10.2% by 2024. In terms of adoption according to end-use, the government and municipality and the hospitality sectors are expected to remain at the forefront, with the government and municipality segment attaining an average adoption level contribution of 3.11% to the overall market in 2018. From a geographic front, France will lead with a projected adoption level of 16.85% in 2018.

Improved Awareness about Coastal and Marine Ecosystems to Increase Focus on Marine Litter Management

The ever rising problem of marine debris/litter around the coasts of most Mediterranean countries has drawn the attention of many government and private environment protection agencies in the past few years. Marine pollution in and around Mediterranean coasts, especially in countries with coastal economies and tourist destinations, through the accumulation of plastic waste has also alarmed environment protection agencies lately. The rise in awareness about the negative impact of the situation on the environment as well as on the coastal and marine ecosystem have led to the initiation of several highly ambitious and amply funded programs that aim at the proper management of marine debris.

Environment and coast protection initiatives such as the Mediterranean Action Plan undertaken by agencies such as the United Nations Environment Program and the Environment LIFE program by European Commission have received funds that range in millions annually. These and more such initiatives will drive the adoption of automated marine debris collection equipment in the next few years.

Financial Support Limited to Funding from NGOs to Restrain Market Growth

The Mediterranean coast spans over 28,583 miles, comprising the coast of several countries in Europe, Middle East, and Africa. Apart from the nearly 208 mn population in these coastal countries, nearly 170 mn tourists visit the Mediterranean coasts every year. The rising population of residents and tourists are putting severe pressure on these coastal areas, subsequently resulting in the degradation of natural resources therein. Though funds are allocated by a number of countries for the proper management of these areas and the prevention of pollution in the vicinity, it has been observed that the funds do not suffice the purpose of a wide ranging coastal clean-up.

Moreover, most clean-up programs also rely largely on public support and funds granted by national and international NGOs. Also, the focus is mostly concentrated on floating marine debris. These factors are expected to collectively act as the chief restraints to the overall adoption of automated marine debris collection equipment in the Mediterranean region in the near future. The impact of these restraints is expected to be high in the short term. However, as environment regulations get stricter and pressure from NGOs rise, the impact is expected to mellow down and become medium to low in the mid- and long-term forecast periods.

Make an Enquiry @http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14891

This review of the market is based on a recent market research report published by TMR, titled “Automated Marine Debris Collection Equipment Market - Mediterranean Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2024.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automated Marine Debris Collection Equipment Market : Rising Awareness Regarding Impact of Marine Debris to Drive Adoption across Region here

News-ID: 705028 • Views:

More Releases from Transparency Market Research

Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
Solid Tires Market Expected to Witness Impressive Growth at a 8.1% CAGR by 2031
The latest research study released by Transparency Market Research on "Solid Tires Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses. Solid Tires market is estimated to attain a valuation of US$ 760.0 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 8.1% during
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031| Says Transparency Market Research
Automotive Cyber security Market Sales Estimated to Hit USD 10.5 Billion by 2031 …
The latest research study released by Transparency Market Research on "𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐂𝐲𝐛𝐞𝐫 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Automotive Cyber security industry, as
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from 2022 to 2031: TMR Study
Ready-mix Concrete Market to Witness Exponential Growth with a CAGR of 6.1% from …
The latest research study released by Transparency Market Research on "𝐑𝐞𝐚𝐝𝐲-𝐦𝐢𝐱 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Ready-mix Concrete industry, as well as
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, According to TMR Study
Mining Automation Market to Surge at 6.4% CAGR, Hitting US$ 7.3 Bn by 2031, Acco …
The latest research study released by Transparency Market Research on "𝐌𝐢𝐧𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟏 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Mining Automation industry, as well as

All 5 Releases


More Releases for Marine

Ocean Engineering Equipment Market Business Opportunities 2026 - Top Companies a …
The Ocean Engineering Equipment Market research added by UpMarketResearch.com, offers a comprehensive analysis of growth trends prevailing in the global business domain. This report also provides definitive data concerning market, size, commercialization aspects and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of key players within the projection timeline while focusing on their portfolio and regional expansion endeavors. Request Exclusive Free Sample PDF of This
Marine Cranes Market Reviews and Statistics 2020 - DMW Marine, Heila Cranes, Eff …
An extensive study of the product application and services conducted by subject matter experts assessing the global Marine Cranes market will help product owners to make a wise decision. The latest research report on Marine Cranes market for the forecast period, 2020 - 2025 is involved in screening the business environment and the companies operating in the Marine Cranes industry. Importantly, the research sheds a lot of light on their winning
Marine Trailers Market by Key Players Insights - Owens & Sons Marine, EZ LOADER, …
Marine Trailers Market: Introduction Marine Trailers are supportive equipment used to tow or carry personal, commercial or marine boats from one place to another. Marine trailers are prominently gaining demand in personal use due to the growing hiking and adventurous activity among millennials. Personal boats need to be carried from respective individual houses or residential places to the activity area. With the growing needs of urban population, the marine trailers market
Marine Seats Market | Spreading Key players - Wise Seats, Moeller Marine Product …
Global Marine Seats Market, 2018-2023, is a market research report by KD Market Research that offers extensive and highly detailed current and future market trends in the global and regional/market. The report offers market size and structure of the overall industry based upon a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise. Global Marine Seats Market was held at USD XXX Million in 2017 and is expected
Marine Big Data Market - Information Provided by Marine Big Data Considered Indi …
Considering big data analytics in the marine sector is an upcoming technology, the global marine big data market is poised to witness a highly competitive environment. As the market is at a booming phase, Transparency Market Research (TMR) forecasts strong growth for in a new study. “In order to emerge at fore, a majority of the market players are focusing on product differentiation,” said a lead TMR analyst. “In consequence
Global Ship Crane Market Forecast 2018-2025 Allied Marine Crane, Appleton Marine …
Recently added detailed market study "Global Ship Crane Market" examines the performance of the Ship Crane market 2018. It encloses an in-depth Research of the Ship Crane market state and the competitive landscape globally. This report analyzes the potential of Ship Crane market in the present and the future prospects from various angles in detail. The Global Ship Crane Market 2018 report includes Ship Crane market Revenue, market Share, Ship Crane