WiseGuyReports.Com Publish a New Market Research Report On –“ Global Construction Vessels Market to Reach USD 927.39 Million By 2023”.

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Construction Vessels Market 2019
Description: –
The global construction vessel market will reach USD 927.39 million during 2019-2023. 25% of the growth will come from the Asia-Pacific. The market is moderately concentrated with a few players occupying the market share. The global construction vessel market depends primarily on oil and gas exploration market and drilling across the globe. In terms of the volume, the oil and gas industry contribute to a significant share in this market, on account of the increasing demand for construction vessels.
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Key Players
Edison Chouest
Tidewater
Bourbon Offshore
Gulf Mark
Maersk Supply Service
Farstad Shipping ASA
Hornbeck
Swire
DOF
Deep Sea Supply
HARVEY GULF
SEACOR Marine
Siem Offshore
Solstad Offshore
Cosl
Island Offshore
Havila
PACC Offshore Services
The demand for construction vessels will increase since the oil and gas industry is striving hard to lower cost of production and exploration. As the awareness for renewable energy is increasing, the offshore wind farm industry will turn out to be a niche area (with respect to end use) for construction vessels. Due to the increase in oil and gas exploration and production, the need for construction of support vessels, offshore production vessels, and oil exploration and drilling vessels is likely to rise over the next few years
North America will continue to dominate the market across the globe as the region observed an increasing offshore exploration in the regions, such as the Gulf of Mexico (GoM). Poland and Russia are dominant markets for Europe. For North America, US and Canada are leading markets. The Asia Pacific market is driven by India, China, Japan, ASEAN, Australia and New Zealand. Outfitting the vessels with battery technology has emerged as one of the most crucial options. Battery-hybrid offshore support vessels (OSV) will create significant opportunities for the OSV owners as it will operate more efficiently and it would be a key differentiator within the competitive market.
Market Segment:
The global market for construction vessels is classified on the basis of vessel types, positioning system, applications, end use. Based on its type, the market is divided into Offshore production vessels, Oil exploration & drilling vessels, Offshore support vessels, and construction vessels. By positioning systems, the market is divided into Dynamic positioned (DP) vessels, Non-dynamic positioned (NDP) vessels. By Application, the market is split into Accommodation Barges, Multi-Purpose Vessel, Others. By end use, the market is divided into Oil drilling and exploration, Construction work. PSV (production support vessels/offshore production vessels) will contribute to the largest share in the market due to the uptake in offshore drilling activities.
Regional Analysis:
By region, the Global Construction Vessels market is divided into North America (Mexico, Canada, United States), Europe (UK, Italy, Germany, France, Russia), Asia Pacific (Japan, China, Southeast Asia, India), South America (Brazil, Argentina, Colombia etc.) and Middle-East and Africa (Saudi Arabia, South Africa, Egypt, UAE, Egypt, and Nigeria). For Europe, Spain, France, Italy, Benelux, Nordic, Germany, the U.K., are the key markets; For Latin America, Brazil, Mexico, Peru are leading ones. And for the Middle East and Africa, North Africa, Southern Africa and GCC countries have emerged as the most prominent domestic markets.
Industry News:
Other than above factors driving market growth, the current increase in offshore decommissioning activities has also led to an increase in the demand for OSV (construction support vessels or offshore support vessels). However, criteria such as increasing pressure on day rates, and increasing demand for dynamic positioning (DP) drilling rigs will significantly tighten the market during the forecast period.
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Some of Major Key Points Included In This Report :
• Industry Overview of Construction Vessels
• Manufacturing Cost Structure Analysis of Construction Vessels
• Technical Data and Manufacturing Plants Analysis of Construction Vessels
• Global Construction Vessels Overall Market Overview
• Construction Vessels Regional Market Analysis
• Global 2012-2017E Construction Vessels Segment Market Analysis (by Type)
• Global 2012-2017E Construction Vessels Segment Market Analysis (by Application)
• Major Manufacturers Analysis of Construction Vessels
Continued….
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Source URL: https://marketersmedia.com/global-construction-vessels-market-to-reach-usd-92739-million-by-2023/88928069
Source: MarketersMedia
Release ID: 88928069