Automated Marine
Debris Collection Equipment Market: Snapshot
The issue of marine
debris is becoming more complex and bigger with each passing year.
This, combined with the poor infrastructure for marine debris
collection in Mediterranean countries and advancement in the
understanding of how marine debris impact the environment and marine
ecosystems are driving developments and innovations in the field of
marine debris collection equipment. In this scenario, the move from
the tedious and slow varieties of manual equipment to the swifter and
more efficient automatic ones seems inevitable.
This market study
provides an understanding and potential adoption of a conceptualized
automated marine debris collection equipment across the Mediterranean
region. The concept equipment is an unmanned or remotely controlled
system (compact boat) designed to work in a self-contained
environment, with the option of treating debris on-board or off
shore. The system is typically expected to be capable of substituting
the conventional hand-pick and mechanical litter collection methods.
Transparency Market Research states that the market for such an
automated marine debris collection equipment is anticipated to attain
an average adoption level of 8% in the early year (2018) of
introduction, reaching 10.2% by 2024.
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This expected
adoption level is measured for the estimated total accessible market
in the Mediterranean region, comprising of users across segments such
as government and municipality, fisheries, hospitality, others (NGOs,
etc.). The anticipated level of adoption across these sectors is
examined for the period between 2018 and 2024.
Importance of
Cleaner Shores in Attracting Tourists to Drive Adoption in
Hospitality Sector
Among the different
targeted end-users of automated marine debris collection equipment,
the hospitality and government and municipality sectors are expected
to be the most lucrative ones, considering the direct relevance of
clean environment (shores) for the hospitality business and the
social stability of coastal countries. Owing to the same reasons,
countries with flourishing hospitality sector and high pace of
urbanization are also identified as potential markets for near term
market success of automated marine debris collection equipment. The
government and municipality end-use segment is anticipated to attain
average adoption level contribution of 3.11% in 2018.
Availability of
Funds and Proactive Initiatives to Help France Take Lead
Countries such as
France, Italy and Spain in the Mediterranean are considered to be the
potential early adopters of automated marine debris collection
equipment as these currently have access to a larger share in funds
provided by the Mediterranean Action Plan (initiated by United
Nations Environment Program). Likewise, programs such as the
Environment LIFE program by European Commission and dedicated
government efforts are expected to further drive the market potential
for automated marine debris collection equipment in these countries
over the said period.
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In 2018, France,
with a projected adoption level of 16.85% (TAM %), is anticipated to
largely dominate the Mediterranean automatic marine debris collection
equipment market followed by countries including Italy, Croatia and
Spain. The increasing marine litter throughout the coastline and
various coastal clean-up project and initiatives undertaken across
these countries on a regular basis will lay the foundation for
adoption of the more effective automated marine debris collection
equipment across these countries. Apart from these countries Greece
and Morocco are also anticipated to have significant adoption level
for such equipment.
There are no
companies in the market who have tried their luck in the field of
automated marine debris collection equipment so far. However, certain
companies manufacturing manual debris collection boats are expected
to be the potential contenders in the market in the near future. Some
of the chief companies operating in the manual debris collection
equipment market are United Marine International, Liverpool Water
Witch Marine and Engineering Co. Ltd., U.S.?based Elastec, and Harbor
Clean.
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