The Future is Blue Future - Markets in Marine Economy

By 2040, the global demand for energy will increase by more than 50 percent compared to 2010, despite continuously increasing energy efficiency.

Making the oceans accessible as a resource requires a continuous development of the maritime infrastructure. This is a significant future market for ship, machine, and plant manufacturing companies. The oceans will also become more and more significant as transport area. As a result of the ever-growing globalization and changing spare time behaviours, the growing need for the transportation of goods and passengers offers opportunities for companies involved in the marine traffic and port industries.

Forecast:

  • Marine trade will more than double from today’s nine billion tons to 19 to 24 billion tons in the year 2030. Demand for new ships will grow by the year 2020 
  • Between 2012 and 2019, the global market for aquaculture will grow by almost 50 percent to a total of 195 billion
  • Between 2013 and 2020, the power from offshore wind energy will more than quintuple to about 40 gigawatts worldwide
  • Offshore wind power will grow to become one of the largest segments in the market for renewable energies. Between 2013 and 2020, investments in Europe’s wind power will more than double to a total of 14 billion Euro. By 2020, global investments in offshore wind power will rise to 130 billion
  • Maritime tourism will become more significant as well. In 2025, experts expect passenger traffic of 36.4 million. Starting in 2020/2025, ocean ships may no longer cruise the oceans without costly post-cleaning efforts. This requires that ocean shipping switches to marine diesel oil or liquefied natural gas (LNG)
  • Adjusted for price, the value of the world-wide trade of goods will grow from ten billion US dollars in 2013 to 18 billion US dollars in 2030. Between 2010 and 2030, the volume will rise by 2.8 percent a year to a total of 468 tons. By 2030, the freight volume in ports will grow by 50 percent within the European Union
  • Globally, the need for investments in port city infrastructure will rise to around 40 billion Euro a year by 2030
  • By the year 2019, the global market of ROVs (remotely operated vehicles) will have grown by 20 percent per year, the market for AUVs (autonomous underwater vehicles) by 32 percent per year.
  • By 2030, international ocean shipping could potentially be the largest LNG consumer in the transport industry

By Martine Farstad