Ocean-Based Climate Solutions Market Size, Share, and Industry Analysis by Type (Marine Spatial Planning, Sustainable Ocean Plans, Integrated Ocean Management, Ocean Carbon Removal, and Others), By Technology (Renewable Energy Technologies, Blue Carbon Ecosystem Restoration, and Direct Ocean Capture (DOC)), By End-User (Government Organizations, Private Organizations, Research Organizations, and Others), and Regional Forecast till 2032

The global ocean-based climate solution market is expected to grow at a significant rate. This growth is driven by increasing awareness of climate change and its effects on marine ecosystems. Ocean-based renewable energy sources, such as offshore wind, floating solar, and tidal power, can reduce greenhouse gas emissions.

• In June 2024, the U.S. Department of Commerce and NOAA announced funding of USD 24 million for marine carbon dioxide removal strategies to tackle the climate change crisis.

Furthermore, favorable initiatives by various governments across the world are expected to fuel market growth over the forecast period.

Ocean-Based Climate Solutions Market Driver

Need to Reduce Greenhouse Gas Emissions Will Drive Market Growth

Ocean-based climate solutions are driven by the need to reduce greenhouse gas emissions and mitigate the effects of climate change. Some drivers of ocean-based climate solutions include. Climate change is causing changes in the ocean, such as ocean acidification, sea-level rise, and coastal erosion. Such hazardous changes in the oceans are propelling demand for Ocean-Based Climate Solutions across the globe.

• In November 2022, the U.S. government announced various ocean climate action initiatives such as the green shipping challenge, blue carbon inventory project, ocean risk and resilience action alliance, and national ocean acidification action plan.

Ocean-Based Climate Solutions Market Restraint

Technological Challenges Restraints the Market Growth

Technological challenges pose major challenges to market growth owing to the limited availability of mature and reliable technologies for ocean-based solutions such as deep-sea mining or carbon sequestration. Moreover, harsh ocean conditions such as extreme weather and high salinity pose major challenges related to equipment's durability and reliability. 

• According to World Ocean Review, the need to measure and verify carbon dioxide removal, monitor storage duration, and assess environmental impacts is major restraint for the market.

Ocean-Based Climate Solutions Market Opportunity

Global Initiatives for GHG Emission Reduction to Open New Growth Avenues

The ocean-based climate solution market is expected to grow as the world seeks to reduce greenhouse gas emissions. The market players are expected to have various opportunities for solutions such as ocean-based renewable energy, carbon accounting, and deep-sea deployment of equipment. Moreover, the government's inclination toward ocean-based solutions is expected to create lucrative opportunities in the coming years.

• In January 2025, Ocean Visions announced an upcoming event called "Ocean Visions Biennial Summit 2025" in British Colombia. This event will bring together global policymakers, leaders, and scientists to explore solutions to ocean and climate change.

Hence, such initiatives are expected to create various opportunities for market players in the coming years.

Segmentation

Key Insights

The report covers the following key insights:

• Recent Advancements in the Ocean-Based Climate Solutions Market
• Key Industry Trends
• Regulatory Landscape for the Market
• Key Industry Developments (Mergers, Acquisitions, and Partnerships)
• Impact of COVID-19 on the Market

Analysis by Type

Based on type, the market is segmented into marine spatial planning, sustainable ocean plans, integrated ocean management, ocean carbon removal, and others.

Marine spatial planning (MSP) is a public process that analyzes and allocates human activities in marine areas. It is a way to balance development with environmental protection and to achieve social and economic goals.

• In January 2025, Gigablue announced an agreement with SkiesFifty to capture 200,000 tons in the next four years, which is the largest deal for carbon removal globally.

Moreover, ocean carbon removal is the process of removing carbon dioxide from the atmosphere and storing it in the ocean. It is a type of carbon dioxide removal (CDR), which is a strategy to reduce global warming. Hence, market demand is expected to increase due to increasing government initiatives towards ocean-based climate solutions in the near future.

Analysis by Technology

Based on the technology, the market is segmented into renewable energy technologies, blue carbon ecosystem restoration, and direct ocean capture (DOC).

Blue carbon ecosystem restoration is the process of restoring coastal wetlands that store carbon, such as mangrove forests, salt marshes, and seagrass beds. These ecosystems are a natural way to reduce the impact of climate change by capturing carbon dioxide from the atmosphere.

• In November 2024, SeaO2 secured funding of USD 2 million for Direct Ocean Capture solutions in the Netherlands.

Direct Ocean Capture (DOC) is a technology that removes carbon dioxide from seawater to help mitigate climate change. DOC is a type of negative emissions technology that can be used to store or reuse the captured. Hence, increasing awareness about climate change solutions is expected to foster the market over the forecast period.

Analysis by End-User

Based on end-users, the market is segmented into government organizations, private organizations, research organizations, and others.

Governments play a vital role in ocean-based climate solutions by creating policies, regulations, and frameworks. Governments are also actively investing in research and development and supporting sustainable practices.

• In January 2025, Canada's Ocean Supercluster (OSC) announced three new projects worth USD 9 million and participation in the Amphibian UWILD Remote Robotic Platform Project.

Furthermore, research organizations play a key role in developing ocean-based climate solutions as the panel that advocates for the adoption of carbon accounting methodologies to capture blue carbon in national GHG inventories better.

Regional Analysis

Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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North America is expected to grow at a significant rate. The countries in the region are focused on initiatives such as sustainable fisheries, aquaculture, ocean tourism, and the promotion of a sustainable ocean economy. These solutions lead to improving the efficiency of ships, such as using net-zero fuels and reducing ship resistance, which can help reduce emissions. Moreover, this type of initiative aims to protect the ocean, promote sustainable production, and ensure equitable prosperity, which will contribute to the market growth in the region.

• In January 2023, the Rockefeller Foundation announced an investment of USD 1 billion to support climate change transition over the next five years, which is also expected to contribute to ocean-based climate solutions in North America.

Europe is expected to witness significant growth. The European Union (EU) is working to reduce its impact on the ocean and to develop ocean-based solutions to climate change. The EU's efforts to reduce its impact on the ocean and to develop ocean-based solutions to climate change are part of its broader goal of becoming climate-neutral by 2050.

• For instance, in August 2024, the European Environment Agency have stated that the EU's Common Fisheries Policy aims to ensure sustainable fishing practices, protect fish populations, and reduce overfishing

The Asia Pacific region is expected to witness considerable growth. Asia Pacific plays a key role in ocean-based climate solutions by reducing greenhouse gas emissions and protecting marine ecosystems. The Southeast Asia Framework for Ocean Action in Mitigation is a program that aims to include the ocean in Indonesia's climate mitigation plans. Supporting the growth of low-carbon and climate-resilient cities can help reduce greenhouse gas emissions. The United Nations Economic and Social Commission for Asia and the Pacific launched the Ocean-Based Climate Action (OBCA) initiative to address climate change impacts on marine ecosystems.

The Latin America market is expected to grow at a significant rate. Latin American countries are taking action to mitigate climate change through ocean-based solutions, such as marine protected areas, early warning systems, and nature-based solutions.

The Middle East & Africa market is expected to grow at a rapid rate. The Middle East and Africa (MENA) region plays a key role in ocean-based climate solutions by developing desalination systems and exploring offshore renewable energy. The region is also vulnerable to climate change, which has led to efforts to adapt to rising sea levels and other climate impacts, which is expected to propel market growth.

Key Players Covered

The global ocean-based climate solutions market is moderately fragmented due to the presence of a large number of market players.

The report includes the profiles of the following key players:

• XPRIZE Foundation (U.S.)
• Ocean Infinity (U.S.)
• Sustainable Fisheries UW (U.S.)
• Sea Machines (U.S.)
• AquaBounty Technologies (U.S.)
• Cargill Aqua Nutrition (U.S.)
• Ocean Cleanup (Netherlands)
• The Nature Conservancy (Australia)
• Sea Forest (Australia)
• Ocean Visions, Inc. (U.S.)

Key Industry Developments

• In March 2024, the Government of Solomon Island collaborated with IUCN and Blue Nature Alliance to launch marine spatial planning, a blue finance project, and community engagement to safeguard marine resources.
• In December 2023, Ocean Resilience and Climate Alliance announced funding of USD 250 million to fund ocean climate solutions across the globe to support measures related to ocean cleaning and carbon removal.