Prevalence of Cognitive Computing to Aid Marine Waste Handling Equipment Market Expansion During 2028 | Future Market Insights

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Global Marine Waste Handling Equipment Market: Introduction

Marine waste handling equipment, manufactured from stainless steel can be found on all kinds and sizes of vessels & rigs around the world. Marine waste handling equipment have traditionally been used for baling of large amounts of cardboard or soft plastic waste. Besides marine waste equipment, such as glass crushers have a task to crush glass and bottles. Further, shredders, one of the vital marine waste handling equipment’s main task is to tear apart and reduce density of particular types of waste that is otherwise hard to compact efficiently. Examples are: PET Bottles, metal tins and cans, plastic containers, wood packaging materials etc. Moving ahead, the production of marine waste is a huge concern for environment and therefore, the need for marine waste handling equipment is indispensable. From an economic point of view, based on average per capita GDP in various countries coupled with rising ship tourism provide a strong base for the marine waste handling equipment market.

Subsequently, the aim of the study is to analyze the most recent trends and dynamics in the global marine waste handling equipment market.

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Global Marine Waste Handling Equipment Market: Dynamics

In marine waste handling equipment market, the rapid growth of cruise ship industry and need for luxurious hospitality reinforce the growth outlook of the market. By 2020, number of passengers are projected to increase to more than 25 million worldwide. Consequently, a large amount of waste generation is estimated, thereby proliferating a healthy demand for marine waste handling equipment. Moreover, cruise tourism consumes millions of tons of fuel and produces more than a million tons of sewage and other waste each year which necessitates the need for marine waste handling equipment. Additionally, ship industry, especially cruise industry can also accelerate local economic development and increase the level of employment scale. Subsequently, squarely mirroring with the growth of marine waste handling equipment market.  

Global Marine Waste Handling Equipment Market: Segments

The global marine waste handling equipment market can be segmented on the basis of vehicle type and region

On the basis of product type, the global marine waste handling equipment market can be segmented as:

  • Compactors
    • Bale Compactors
    • Waste Compactors
    • Drum, Can, and Oil Compactors
  • Comminuters, Pulpers, and Shredders
  • Incinerators
  • Crusher

On the basis of waste type, the global marine waste handling equipment market can be segmented as:

  • Garbage Handling Systems
  • Food Waste Systems
  • Dry Solid Waste Systems
  • Auxiliary Waste Systems        

On the basis of vessel, the global marine waste handling equipment market can be segmented as:

  • Offshore and Special Vessel
  • Passenger Vessels
  • Naval Ships
  • Bulk Containers and Oil Tankers
  • General Cargo and Container Ships
  • Yachts and Other Ships

Global Marine Waste Handling Equipment Market: Regional Outlook

The U.S. and Europe are the prominent regions to offer lucrative opportunities in the marine waste handling equipment market owing to growing tourism industry and surge in travelers. Nonetheless, it has been estimated that every cruise ship passenger produces approximately 3.5 kilograms of marine waste which is a way higher than waste generated by people on-shore. Besides federal governmental policies are foreseen to promulgate the ship tourism industry; thereby, impacting the marine waste handling equipment market, notably in ASEAN and China. In northern part of Western Europe, substantial demand for marine waste handling equipment is anticipated due to presence of a large fleet.

In the Asian region, Singapore and Hong Kong are expected to witness a hefty growth in marine waste handling equipment market.

Global Marine Waste Handling Equipment Market: Key Participants

List of some of the prominent market participants in the global marine waste handling Equipment market discerned across the value chain include:

  • Delitek AS
  • Norinco Private Limited
  • Delitek As
  • Evac
  • RILTA Environmental

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