1 Global Marine Growth Prevention Systems (MGPS) Market Size (Revenue) and CAGR (2024-2033)
Global Marine Growth Prevention Systems (MGPS) market generated revenue of USD 466.2 Million in 2024 with a CAGR of 3.56% during 2024 to 2033.
The market is also influenced by technological advancements, with innovations such as ultrasonic antifouling technology being introduced to enhance fuel efficiency and reduce emissions. However, challenges remain, including the high cost of installation and maintenance, as well as the presence of alternative fouling control solutions. Despite these challenges, the market is expected to continue growing, driven by the need for more efficient and environmentally friendly marine operations.
Figure Global Marine Growth Prevention Systems (MGPS) Market Size (M USD) Outlook (2024-2033)
2 Marine Growth Prevention Systems (MGPS) Industry Technology Status and Trends
Technological innovation is one of the key points in the development of the Marine Growth Prevention System (MGPS). Through continuous improvement and innovation of technology, the efficiency and reliability of the system are improved. Or develop more efficient physical and chemical anti-fouling technologies to provide more effective Marine biological attachment prevention measures. Examples include electrochemistry and electrochemical systems, which are more efficient and environmentally friendly than traditional methods. In addition, there is an urgent trend to integrate digital monitoring and control systems in MGPS to improve performance and reduce maintenance. In addition, with the development of Marine engineering technology, the downstream field continues to expand. Therefore, suppliers in the Marine Growth Prevention system (MGPS) industry should also continue to develop technology and innovation to meet the ever-expanding downstream applications, including Marine energy facilities, Marine research equipment, etc.
3 Global Marine Growth Prevention Systems (MGPS) Market by Type in 2024
The global Marine Growth Prevention Systems (MGPS) market is segmented by Type into Anti-Fouling Prevention Systems and Corrosion Prevention Systems.
Anti-Fouling Prevention Systems: Anti-fouling prevention systems are at the forefront of MGPS technology. These systems work by releasing trace amounts of copper ions into the seawater, which effectively inhibit the growth of marine organisms on ship hulls and other submerged structures. In 2024, this system type dominates the market with a significant share of 54.42%. The market size for anti-fouling prevention systems is projected to be $253.7 million USD in 2024, reflecting its widespread adoption due to the increasing focus on reducing drag caused by marine growth, which in turn lowers fuel consumption and emissions.
Corrosion Prevention Systems: Corrosion prevention systems complement anti-fouling systems by focusing on the protection of metal surfaces from the corrosive effects of seawater. They work by forming a protective layer on the inner walls of seawater pipes, preventing both marine life formation and equipment corrosion. Despite their importance, corrosion prevention systems hold a slightly smaller market share of 45.58% in 2024, with a market size of $212.5 million USD. This system’s market share indicates the substantial demand for corrosion protection in the maritime industry, particularly in regions with aggressive marine environments.
The MGPS market is a testament to the maritime industry’s commitment to environmental sustainability and operational efficiency. In 2024, the anti-fouling prevention system leads in market share, reflecting its importance in reducing biofouling and its associated costs. However, the corrosion prevention system is not far behind, indicating a balanced market demand for both types of MGPS. The fastest-growing product type, the anti-fouling prevention system, is set to shape the future of marine biofouling management, promising significant environmental and economic benefits. As the maritime industry continues to evolve, the MGPS market is poised for further expansion, driven by technological advancements and stringent environmental regulations.
Table Global Marine Growth Prevention Systems (MGPS) Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share (%) |
|---|---|---|
Anti-fouling Prevention System | 253.7 | 54.42 |
Corrosion Prevention System | 212.5 | 45.58 |
4 Global Marine Growth Prevention Systems (MGPS) Market by Application in 2024
The global Marine Growth Prevention Systems (MGPS) market serves a variety of applications, each with its own significance in the industry’s ecosystem. In 2024, the market is segmented into Marine Engineering and Seawater Pipework System, each contributing differently to the market’s total value.
Marine Engineering: Marine engineering involves the development, utilization, protection, and restoration of marine resources. This includes the utilization of marine space for transportation, the development of marine resources such as biological and mineral resources, and the harnessing of marine energy. In terms of MGPS applications, marine engineering is the dominant sector, capturing a substantial market share. With a market size of $392.7 million USD in 2024, marine engineering accounts for 84.22% of the total MGPS market. This significant share reflects the critical need for anti-fouling and corrosion prevention measures in marine structures and equipment to ensure operational efficiency and longevity.
Seawater Pipework System: The seawater pipework system application pertains to the use of MGPS in preventing biological contamination in marine, offshore, and coastal industrial sectors. This application is crucial for maintaining the efficiency of seawater cooling systems, firefighting, oil field flooding, and desalination plants. In 2024, the seawater pipework system holds a market size of $73.6 million USD, representing 15.78% of the total MGPS market. This application is vital in preventing pipe clogging and maintaining the efficiency of seawater systems, which can be severely impacted by biological fouling.
The MGPS market is characterized by a diverse range of applications, each playing a distinct role in the maritime industry. In 2024, marine engineering stands out with the largest market share, emphasizing its broad application base and the significant impact of marine growth on various marine structures and equipment. The seawater pipework system, while currently holding a smaller share, is poised for the fastest growth, driven by the increasing demand for sustainable and efficient seawater management solutions. As the maritime industry continues to prioritize environmental sustainability and operational efficiency, the MGPS market is set to evolve, with each application area responding to the unique challenges and opportunities presented by the dynamic maritime environment.
Table Global Marine Growth Prevention Systems (MGPS) Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Marine Engineering | 392.7 | 84.22 |
Seawater Pipework System | 73.6 | 15.78 |
5 Global Marine Growth Prevention Systems (MGPS) Market by Region in 2024
The MGPS market is globally diverse, with different regions contributing significantly to its growth. In 2024, the market is led by China, which accounts for a 31.91% share, followed by South Korea with 21.65%, and Europe with 16.42%. These regions are at the forefront of maritime activities, driving the demand for MGPS solutions.
China stands as the largest regional market by revenue, with an estimated market size of $148.8 million USD in 2024. The country’s rapid economic growth, extensive maritime trade, and advancements in shipbuilding have contributed to this dominance. China’s focus on maritime infrastructure and offshore activities has created a substantial market for MGPS.
South Korea is another significant player, with its market size projected at $100.9 million USD in 2024. The country’s shipbuilding industry is a key driver of the MGPS market, with a strong presence in the global shipbuilding market and a continuous demand for advanced maritime technologies.
Europe holds a substantial share of the market, with a 16.42% share and a market size of $76.6 million USD in 2024. The region’s strict environmental regulations and a mature maritime industry have led to a high adoption rate of MGPS solutions.
The fastest-growing region is identified as China, with a CAGR of 9.55% from 2019 to 2024. This growth is attributed to China’s expanding maritime industry and the government’s initiatives to promote green shipping and sustainable maritime practices.
Table Global Marine Growth Prevention Systems (MGPS) Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share (%) |
|---|---|---|
United States | 54.1 | 11.61 |
Europe | 76.6 | 16.42 |
China | 148.8 | 31.91 |
Japan | 44.5 | 9.55 |
India | 12.8 | 2.75 |
South Korea | 100.9 | 21.65 |
Latin America | 17.9 | 3.83 |
Middle East and Africa | 6.5 | 1.40 |
Figure Global Marine Growth Prevention Systems (MGPS) Revenue Market Share by Region in 2024
6 Global Marine Growth Prevention Systems (MGPS) Market Top 3 Players
Company Introduction and Business Overview: Established in 1979, Evac Group (Cathelco) is a Finnish company with a global presence, specializing in integrated water and waste management, corrosion protection, and marine growth prevention systems for the maritime industry. As a pioneer in sustainable technologies, Evac Group has been at the forefront of providing innovative solutions to the maritime sector, emphasizing sustainability and performance.
Products Offered: Evac Group’s MGPS offerings include antifouling systems that utilize electrolysis to prevent the attachment of marine organisms on ship hulls and other submerged structures. Their flagship product, Cathelco® marine growth prevention systems, are known for their ease of installation, compliance with EU Biocides Regulation 528/2012, and a lifetime warranty that reflects their commitment to reliability and performance.
Revenue in 2024: Evac Group is projected to achieve a revenue of $25.2 million USD from its Marine Growth Prevention Systems in 2024. This revenue is a testament to the company’s strong market position and the growing demand for its sustainable and efficient MGPS solutions.
Company Introduction and Business Overview: KC Ltd, established in 1986, is a South Korean company with a global sales network. The company is renowned for designing and producing corrosion protection systems, anti-fouling equipment, and related products. With a strong focus on quality and a plethora of supply references, KC Ltd has solidified its position within prominent shipping and shipbuilding companies worldwide.
Products Offered: KC Ltd’s MGPS products are based on the electrolytic principle, employing copper, aluminum, and ferrous anodes fed with an electrical current from a control panel. These systems prevent marine life from setting and multiplying while also providing anti-corrosive layers on the internal surfaces of pipes, offering comprehensive protection to marine structures.
Revenue in 2024: KC Ltd is expected to generate a revenue of $16.4 million USD from its Marine Growth Prevention Systems in 2024. This revenue figure underscores the company’s ability to meet the growing global demand for effective MGPS solutions.
Shanghai Electric Group (Ceyco)
Company Introduction and Business Overview: Shanghai Electric Group (Ceyco), established in 2007, is a high-tech enterprise under the Shanghai Electric Group. It specializes in research and development, manufacturing, and general contracting of environmental protection projects, focusing on environmental protection core equipment. Ceyco provides comprehensive environmental protection solutions and has a significant presence in the MGPS market, particularly in Asia, America, and Europe.
Products Offered: Ceyco’s AF/HF series electrolytic anti-fouling and anti-corrosion devices (MGPS) are designed to prevent the attachment of marine organisms and corrosion in seawater pipeline systems. These devices are known for their remarkable effectiveness, safety, and low maintenance requirements, making them a popular choice in various marine applications.
Revenue in 2024: Shanghai Electric Group (Ceyco) is projected to achieve a revenue of $14.7 million USD from its Marine Growth Prevention Systems in 2024. This revenue reflects the company’s growing influence in the global MGPS market and its ability to provide innovative solutions that meet the industry’s evolving needs.
Table Global Marine Growth Prevention Systems (MGPS) Revenue Share of Top3 Players in 2024
Company | 2024 |
Evac Group (Cathelco) | 5.41% |
KC Ltd | 3.52% |
Shanghai Electric Group (Ceyco) | 3.16% |
