Dredging Market Is Expected To Witness An Exponential Growth Over Forecast Year 2019-2025

The global dredging market is prophesied to gain growth while riding on increasing maintenance of seaports, river areas, and seabeds to ensure safe passage of ships, boats, and other vessels across the world. Dredging could be mainly concentrated on increasing the depth of berthing areas, anchorages, and navigation channels. In June 2019, the Port of Coos Bay announced in its press release that a maintenance dredging scheme where channel dredging of River Mile 12 to 15 of the Coos Bay River will be conducted from July 2019. According to the press release, American Construction Co., Inc. was contracted to complete the project.

Renewable Energy Projects to Create Opportunities for Dredging Companies

The report covers almost all key players of the global dredging market, including Hyundai, National Marine Dredging, Weeks Marine, Great Lakes, Jan De Nul, DEME, Van Oord, China Harbour Engineering, and Royal Boskalis Westminster. All of these companies are deeply studied in the research study according to their market share, recent developments, revenue growth, regional presence, sales, and other vital factors.

Vendors are expected to work more on renewable energy projects and tap into lucrative opportunities in the energy sector. In April 2019, Dutch maritime contracting company that specializes in dredging, Van Oord successfully completed the installation of 44 wind turbines of Belgium’s largest offshore wind farm, i.e. the Norther Offshore Wind Farm.

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Dredging Vendors Aspire for Sustainable Future – Focus on Emissions Reduction

Top players are foretold to make sustainable investments in future. In May 2019, Jan De Nul, a Luxembourg-based construction engineering company that mainly focuses on dredging, introduced its fourth Ultra-Low Emission vessel in Singapore. The 6,000 m³ green vessel TSHD Sanderus was built at the Keppel Offshore and Marine shipyard.

By Product Type

● Dipper

● Water Injection

● Pneumatic

● Bed Leveler

● Krabbelaar

● SNG Boat

● Others

By End User

● Government

● Oil and Gas Companies

● Mining Companies

● Renewables

● Others

The report provides segmental research on different types of products used in the global dredging market, which include SNG boat, Krabbelaar, bed leveler, pneumatic, water injection, and dipper.

Read Report Overview: https://www.qyrconsulting.com/reports/dredging-market

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This release was published on openPR.