PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625471
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625471
Ocean Economy Market Size, Share, Trends, Industry Analysis Report: By Industry Type, and Region - Market Forecast, 2025-2034
The global ocean economy market size is expected to reach USD 5.04 trillion by 2034, according to a 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); Segment Forecast, 2024 - 2032" gives a detailed insight into current 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 to address these increasing pressures. For instance, marine aquaculture is rapidly expanding as a solution to the growing demand for protein, while offshore wind farms are gaining traction as a clean energy source to meet the rising global energy needs. Additionally, advances in marine biotechnology are exposing new opportunities in pharmaceuticals, cosmetics, and nutraceuticals, contributing to the 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
In 2024, the offshore oil and gas segment accounted for the largest revenue share in the ocean economy market due to significant investment and ongoing demand for energy resources.
The marine transport and shipping segment is growing at the highest CAGR due to increasing global trade and rising demand for efficient and sustainable logistics.
In 2024, North America accounted held a significant growth in the ocean economy market due to well-developed marine infrastructure and substantial investments in sustainable marine technologies and research.
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to growing investments in marine renewable energy and expanding coastal economies.
The global key market players include ABB Group; A.P. Moller-Maersk; DNV GL; General Electric (GE); MarineBio Technology; Ocean Infinity; Royal Dutch Shell; Schneider Electric; Siemens Gamesa Renewable Energy; and The Ocean Cleanup.
Polaris Market Research has segmented the ocean economy market report based on industry type and region:
By Industry Type Outlook (Revenue - USD Trillion, 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 Trillion, 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
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Ocean Economy Market Insights
- 4.1. Ocean Economy Market - Market Snapshot
- 4.2. Ocean Economy Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Consumption of Oil and Gas Industry Are Driving Market Growth
- 4.2.1.2. Rising Seafood Demand Are Driving the Market Growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Technological and Operational Risks
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Ocean Economy Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Ocean Economy Market, by Industry Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 5.3. Marine Renewable Energy
- 5.3.1. Global Ocean Economy Market, by Ceramic Glass, by Region, 2020-2034 (USD Trillion)
- 5.4. Fisheries and Aquaculture
- 5.4.1. Global Ocean Economy Market, by Laminated Glass, by Region, 2020-2034 (USD Trillion)
- 5.5. Marine Biotechnology
- 5.5.1. Global Ocean Economy Market, by Tempered Glass, by Region, 2020-2034 (USD Trillion)
- 5.6. Marine Transport and Shipping
- 5.6.1. Global Ocean Economy Market, by Wired Glass, by Region, 2020-2034 (USD Trillion)
- 5.7. Marine Tourism and Recreation
- 5.7.1. Global Ocean Economy Market, by Wired Glass, by Region, 2020-2034 (USD Trillion)
- 5.8. Offshore Oil and Gas
- 5.8.1. Global Ocean Economy Market, by Wired Glass, by Region, 2020-2034 (USD Trillion)
- 5.9. Others
- 5.9.1. Global Ocean Economy Market, by Others, by Region, 2020-2034 (USD Trillion)
6. Global Ocean Economy Market, by Geography
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Ocean Economy Market Assessment, By Geography, 2020-2034 (USD Trillion)
- 6.3. Ocean Economy Market - North America
- 6.3.1. North America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.3.2. Ocean Economy Market - U.S.
- 6.3.2.1. U.S.: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.3.3. Ocean Economy Market - Canada
- 6.3.3.1. Canada: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4. Ocean Economy Market - Europe
- 6.4.1. Europe: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.2. Ocean Economy Market - UK
- 6.4.2.1. UK: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.3. Ocean Economy Market - France
- 6.4.3.1. France: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.4. Ocean Economy Market - Germany
- 6.4.4.1. Germany: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.5. Ocean Economy Market - Italy
- 6.4.5.1. Italy: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.6. Ocean Economy Market - Spain
- 6.4.6.1. Spain: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.7. Ocean Economy Market - Netherlands
- 6.4.7.1. Netherlands: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.8. Ocean Economy Market - Russia
- 6.4.8.1. Russia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.4.9. Ocean Economy Market - Rest of Europe
- 6.4.9.1. Rest of Europe: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5. Ocean Economy Market - Asia Pacific
- 6.5.1. Asia Pacific: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.2. Ocean Economy Market - China
- 6.5.2.1. China: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.3. Ocean Economy Market - India
- 6.5.3.1. India: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.4. Ocean Economy Market - Malaysia
- 6.5.4.1. Malaysia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.5. Ocean Economy Market - Japan
- 6.5.5.1. Japan: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.6. Ocean Economy Market - Indonesia
- 6.5.6.1. Indonesia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.7. Ocean Economy Market - South Korea
- 6.5.7.1. South Korea: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.8. Ocean Economy Market - Australia
- 6.5.8.1. Australia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.5.9. Ocean Economy Market - Rest of Asia Pacific
- 6.5.9.1. Rest of Asia Pacific: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6. Ocean Economy Market - Middle East & Africa
- 6.6.1. Middle East & Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6.2. Ocean Economy Market - Saudi Arabia
- 6.6.2.1. Saudi Arabia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6.3. Ocean Economy Market - UAE
- 6.6.3.1. UAE: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6.4. Ocean Economy Market - Israel
- 6.6.4.1. Israel: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6.5. Ocean Economy Market - South Africa
- 6.6.5.1. South Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.6.6. Ocean Economy Market - Rest of Middle East & Africa
- 6.6.6.1. Rest of Middle East & Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.7. Ocean Economy Market - Latin America
- 6.7.1. Latin America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.7.2. Ocean Economy Market - Mexico
- 6.7.2.1. Mexico: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.7.3. Ocean Economy Market - Brazil
- 6.7.3.1. Brazil: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.7.4. Ocean Economy Market - Argentina
- 6.7.4.1. Argentina: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
- 6.7.5. Ocean Economy Market - Rest of Latin America
- 6.7.5.1. Rest of Latin America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. ABB Group
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. A.P. Moller - Maersk
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. DNV GL
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. General Electric (GE)
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. MarineBio Technology
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. Ocean Infinity
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Royal Dutch Shell
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Schneider Electric
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Siemens Gamesa Renewable Energy
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
- 8.10. The Ocean Cleanup
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Recent Development
List of Tables:
Table 1 Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 2 North America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 3 U.S.: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 4 Canada: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 5 Europe: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 6 UK: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 7 France: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 8 Germany: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 9 Italy: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 10 Spain: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 11 Netherlands: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 12 Russia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 13 Rest of Europe: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 14 Asia Pacific: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 15 China: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 16 India: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 17 Malaysia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 18 Japan: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 19 Indonesia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 20 South Korea: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 21 Australia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 22 Rest of Asia Pacific: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 23 Middle East & Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 24 Saudi Arabia: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 25 UAE: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 26 Israel: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 27 South Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 28 Rest of Middle East & Africa: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 29 Latin America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 30 Mexico: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 31 Brazil: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 32 Argentina: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
Table 33 Rest of Latin America: Ocean Economy Market, by Industry Type, 2020-2034 (USD Trillion)
List of Figures:
Figure 1. Global Ocean Economy Market, 2020-2034 (USD Trillion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Industry Type
Figure 7. Global Ocean Economy Market, by Industry Type, 2024 & 2034 (USD Trillion)
