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Outlook of Offshore crane market status and development trends reviewed in new report

A new report covers Offshore crane market outlook providing historical facts, current status and future development trends information along with data on leading players and regions.

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Outlook of Offshore crane market status and development trends reviewed in new report

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  1. Offshore crane market trends research and projections for 2019- 2026 • The growing demand for maintenance & repair of oil & gas extraction systems will drive the offshore crane market growth. The equipment is primarily used in the maintenance & repair of oil extraction pipes. • Increasing investments in subsea construction projects are compelling the demand for offshore cranes with high lifting capacity and maximum safety. In November 2019, National Petroleum Construction Company (NPCC) announced an investment of USD 89.8 million to boost subsea construction projects in the UAE. • NPCC is planning to undertake several deep-water projects in the region as well as across the globe over the next few years, providing opportunities for offshore industry development. However, high installation as well as maintenance & operational cost of these machines is hampering market growth. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. The growing demand for renewable energy due to the rising world population and increasing urbanization will surge the demand for offshore cranes in renewable energy applications. • These machines are primarily used due to their high precision in heavy-duty operations such as assembly, repair, and supply of oil & gas extraction systems • These machines are increasingly being used for pipe maintenance & repair operations in the offshore oil & gas industry. • The demand for knuckle boom cranes is expected to rise significantly over the forecast timeline due to their low maintenance requirements and maximum efficiency. • The demand for heavy-duty offshore cranes with the lifting capacity of above 5,000 mt is expected to rise over the next years due to their ability to perform complex operations in harsh working conditions. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4103 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • The North America offshore crane market is anticipated to grow over the forecast timeline owing to the increasing demand for electricity across the region. The U.S. government is primarily focusing on generating maximum electricity from renewable energy sources including offshore wind. In 2019, Vineyard Wind proposed an 800 MW wind farm project in Massachusetts to provide power to more than 400,000 homes with clean energy. The company is expected to invest approximately USD 2.8 billion for the project development. • Competitive Analysis • Key players operating in the offshore crane market are Palfinger AG, Heila Group, Liebherr, National Oilwell Varco, KenzFigee, Huisman Equipment, Seatrax, Inc., and MacGregor. Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/4103 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Steel Rebars Market @ https://www.gminsights.com/industry-analysis/offshore-crane-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4103 Request for customization: https://www.gminsights.com/roc/4103 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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