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Port Infrastructure Market Demands and Growth Prediction, Outlook 2018-2026 And The Leading Players are ACS Group, Hyundai Engineering, Consolidated Engineering Construction Co, Bechtel, and Danube Ports Network Company

11-14-2018 10:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insight

Port Infrastructure

Port Infrastructure

Globalization has led to increased emphasis on international trade activities that has in turn led to substantial increase in spending for the development of transport facilities that include roads, railways, waterways, and airports. Among these, port infrastructure market is projected to witness highest gains through the forecast period, primarily owing to increasing proliferation of sea trade and major investments in infrastructural development in emerging economies of Asia Pacific and Middle East.

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Vibrations and noise generated by cargo operations has an adverse effect on the people and the flora and fauna in the vicinity. Moreover, large volumes of waste are generated that include dredged materials, oily mixtures and garbage discharged from ships, and other solid and liquid wastes. These usually end up disposed of in the nearby area or sea, in turn polluting the environment. Requirement to reduce the environment impacts have led to several initiatives such as Clean Air Act Advisory Committee in the U.S. and Port of the Future agenda by European Commission. Growing concerns regarding the environmental impacts and requirement to set up efficient waste management is expected to present major growth challenge.

Major economies in South Asia such as China, Japan, and India are increasingly investing in facilities to increase their influence in the Indian Ocean and gain access to resources and potential high growth markets in Middle East and Central Asia. For instance, development program of Sagar Mala project in India and deep sea Angola port in China will present potential growth platform for port infrastructure market in the region. However, presence of outdated and frequently congested docks in countries such as India, Pakistan, Myanmar, and Bangladesh has in turn led to increased trade activities in advanced shipping facilities of China and Japan.

Port Infrastructure Market Taxonomy

On the basis of infrastructure project, the global port infrastructure market is classified into:

Container
Energy
Breakbulk
Roll-on/roll-off ports (ro-ro ports)

On the basis of facility type, the global port infrastructure market is classified into:

Deepwater seaport
Seaport
River port
Harbor
Pier, Jetty or wharf
Port terminal
Off shore terminal
Canal

Some of contracting companies include ACS Group, Hyundai Engineering, Consolidated Engineering Construction Co, Bechtel, and Danube Ports Network Company. Along with the large number contracting players, industry competition is also characterized by the equipment manufacturers. Some of them include OAO Baltkran, Cargotech, C.V.S. SpA, Demag Cranes, Fantuzzi and Liebherr.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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