Emergency Response and Rescue Vessels Market Growth, Forecast and Value Chain 2028
Emergency response and rescue vessels are designed to support in recovery and rescue operations in oil and gas, defence and marine industry. Emergency response and rescue vessels are also used for providing various services in multiple offshore installation. Emergency response and rescue vessels are capable of accommodating large number of survivors, prevention of fire, search and rescue, patrol duties, oil spill recovery, explosion and emergency response operations. Moreover, emergency response and rescue vessels has excellent maneuverability and equipped with several equipment such as Fire Fighting equipment for fighting the on installation fires, enhanced survivor reception, Pollution combating equipment, Daughter Craft and rescue craft capable of operating in severe weather. All these tasks require trained and skilled person and crew must remain diligent, alert and in a constant state of readiness. Additionally, these vessels also have all advanced communication systems including GPS, radar, emergency position-indicating radio beacon (EPIRB) and echo sounder, among others. These features helps the vessels in gaining traction in the marine industry and accelerate the growth of emergency response and rescue vessels market.
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Emergency Response and Rescue Vessels Market: Dynamics
The primary factor responsible for the growth of emergency response and rescue vessels market is increasing demand of these vessels in offshore oil and gas drilling activities. These vessels helps in emergency such as oil spill recovery and rescue of crew, while drilling and exploration of oil and gas from the rig. The shipbuilding industry is also on the rise around the globe which thereby contributes to the growth of the emergency response and rescue vessels market over the forecast period. Moreover, the growth in the marine industry such as fishing and other commercial purpose, propel the demand for these emergency response and rescue vessels, which in turn boost the growth of emergency response and rescue vessels market. Marine tourism is also another area which has grown considerably over the past few years especially in the Mediterranean and Asia Pacific region prompting higher requirements of emergency response and rescue vessels for safety purpose which thereby helps in the overall growth of the emergency response and rescue vessels market. Moreover, these emergency response and rescue vessels are also used by defence for rescue and other emergency purpose.
Emergency Response and Rescue Vessels Market: Segmentation
Emergency Response and Rescue Vessels Market can be segmented by dimension (Length) and applications:-
On the basis of dimension (Length), Emergency Response and Rescue Vessels Market can be further segmented:
Medium (less than 48 m)
Large ( Between 48m – 60m)
Very Large (Greater than 60m)
On the basis of applications, Emergency Response and Rescue Vessels Market can be further segmented:
Emergency Response and Rescue Vessels Market: Regional Overview
In terms of the geographical reach of the Emergency Response and Rescue Vessels Market, it can be said that economies with larger coastlines are expected to have a larger market share. The market in countries of South East Asia such as Singapore is anticipated to grow with healthy CAGR, owing to significant investment in offshore oil and gas drilling and exploration. This factor propel the demand for Emergency Response and Rescue Vessels, which in turn accelerated the growth of emergency response and rescue vessels market. Growing marine industry and transportation in India and China is another factor that boost the growth of emergency response and rescue vessels market over the forecast period. The North American market is also anticipated for a positive growth due to tighter regulations of offshore oil and gas exploration and marine transportation. Influx witnessed in the coastal tourism of the European region and increase in offshore oil and gas exploration activities are anticipated to strengthen the growth of the emergency response and rescue vessels market on a longer run in the future.
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Emergency Response and Rescue Vessels Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Emergency Response and Rescue Vessels Market includes:
Ulstein Group ASA
Robert Allan Ltd.
KNUD E. HANSEN A/S
Damen Shipyards Group
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