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Global Marine Trencher Market: Global Opportunity Analysis and Industry Forecast, 2023-2029 | Introspective Market Research
The global Marine Trencher Market was valued at USD 116.60 million in 2021 and is expected to reach USD 189.70 million by the year 2028, at a CAGR of 7.2%.
Trenches are excavations or depressions that can be found on land or underwater. Trenchers are a type of construction equipment that are used to dig trenches, particularly for the purpose of laying electrical wires or pipes either on the ground or underwater. Marine trenchers are commonly used in the marine industry to dig underwater trenches for pipe or cable laying. These trenchers are operated from the surface and can be categorized into two main types: mechanical and jet trenchers. Mechanical trenchers are more affordable and easier to operate, while jet trenchers are more reliable and efficient since they employ hydraulic technology.
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Players Covered in Marine Trencher Market are
• Company Service Swiss SA (Switzerland)
• Royal IHC(Netherlands)
• Miah Inc. (U.S.)
• Mastenbroek Limited (U.K.)
• DeepOcean (Norway)
• Osbit (U.K.)
• Seatools BV (Netherlands)
• Barth Hollanddrain (Netherlands)
• IKM Subsea (Norway)
• Delta Subsea LLC (U.S.)
• Soil Machine Dynamics Ltd. (U.K.)
• Allseas Engineering Technologies Applications Ltd. (Switzerland)
• Global Marine (U.K.)
• Helix Energy Solutions Group (U.S.)
• SEA S.R.L. (Italy)
• Seatrench (Norway)
• Global Offshore (U.K.)
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Market Dynamics:
Driver:
The surge in the demand for oil and gas has resulted in increased exploration and production activities, which require the laying of subsea pipelines. For this purpose, marine trenchers are utilized to excavate underwater trenches. Additionally, the upsurge in renewable energy has led to an increase in offshore wind energy projects, which necessitates the installation of subsea cables, thereby fueling the demand for marine trenchers. The rise in global seaborne trade has also led to an increase in the requirement for ports and harbors, which necessitates dredging of underwater areas, resulting in a growth in demand for marine trenchers as they are employed in dredging activities.
Opportunities:
The marine trencher market has a chance to grow due to the increasing need for subsea infrastructure, including pipelines, cables, and other structures for offshore wind energy, seaborne trade, and oil and gas exploration and production. As governments and private organizations are investing significantly in offshore renewable energy, this presents an opportunity for the expansion of the marine trencher market. Marine trenchers are required to install subsea cables for offshore wind turbines, which transmit the electricity generated. Therefore, the marine trencher market is expected to have profitable prospects in the upcoming years.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help
Segmentation Analysis of Marine Trencher Market
By Type, the pipeline ploughs segment is expected to register the significant growth of the market over the forecasts period. Growth in big offshore pipeline projects has been witnessed as offshore oil and gas production
By Technology, owing to its great precision, jet trenching is the dominant subsea trenching technology in the North Sea, Atlantic Ocean, and European continental seas.
By End-User, the rapid growth of offshore oil and gas activities around the world has led to an increase in the burial of subsea pipelines.
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By Type
• Pipeline Ploughs
• Cable Ploughs
• Rock Trenchers
By Technology
• Mechanical Trenchers
• Jet Trenchers
By End Use Industry
• Oil & Gas
• Telecommunications
• Tidal Energy
Regional Analysis of Marine Trencher Market
Over the forecast period, Europe is expected to dominate the worldwide marine trencher market. The rise of oil and gas, mining, steel, manufacturing, and other sectors has an impact on regional power consumption. Europe will import over 85 billion cubic meters (BCM) of LNG in 2020, making it the world's top LNG importer.
By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In Marine Trencher Market
In August 2021, SEA JET Systems and Soil Machine Dynamics (SMD) have formed manufacturing cooperation for subsea excavation and trenching technologies. SMD will manufacture, test, and commission the fleet of CFE equipment in its production site in Wallsend, Newcastle upon Tyne, as part of the agreement.
In February 2021, Seatools has completed the delivery of a CT umbilical winch to Van Oord, according to the company. Van Oord's innovative undersea trencher, which will be utilized for cable construction at an offshore wind farm, will be powered by the winch.
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Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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