Growth Of Offshore Lifting Equipment Is Driven By Safety Parameters For Offshore Industry
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The growth of the Heavy Lifting & Material Handling Equipment For Offshore Market is attributed to the growth of highly developed lifting system. Offshore lifting equipment is needed to perform in harsh weather conditions.
It attracts big investments for Research and Development. Manufacturers must design the equipment as per the needs of the offshore vessel.
Market players are investing a lot to develop innovative solutions that can meet the safety standards. This serves as a boost for the lifting operation.
Increasing requirements from the offshore operators are also responsible for the market growth.
Scope & Regional Forecast of the Heavy Lifting & Material Handling Equipment For Offshore Market:
The need for advanced lifting systems and safety parameters for offshore industry propels the demand for Heavy Lifting & Material Handling Equipment For Offshore Market. Nations like UK and Norway have specified strict parameters for offshore crane services.
But designing solutions for offshore installations having space constraints inhibits the growth of loaded lifting.
The seaway heavy lifting in Latin American region will attract huge shares for the market. Planned expansion projects in West Africa will strengthen the demand for the market.
Companies in Asia Pacific are investing heavily in FPSO and FLNG systems which can provide numerous growth opportunities for the heavy lift crane vessel.
Rising investments due to strict rules associated with the operations in the offshore industry augments the growth of crane operating procedures.
Segmentations & Key Players Involved in the Heavy Lifting And Material Handling Equipment For Offshore Market:
The Heavy Lifting And Material Handling Equipment For Offshore Market can be broken down into various segments as follows:
- Product Type- Knuckle Boom Cranes, Telescopic Boom Cranes, Straight Boom Cranes, and Other.
- Application- Offshore Load Handling (Ship-To-Ship/Platform), Subsea Load Handling, Internal Deck Lifts, Pipehandling, Special Lifting Operations, and Other.
- Region- North America, China, Europe, Southeast Asia, Japan, and India.
Some of the key players involved in the Heavy Lifting And Material Handling Equipment For Offshore Market are as follows:
- Hyundai Heavy Industries
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