Key players of Pipe Laying Vessel Market are Subsea 7 (U.K), Allseas (Switzerland), Tiderwater Inc. (U.S), TechnipFMC plc (U.K), Saipem (Italy), Gulfmark Offshore Inc. (U.S), Seacor Marine (U.S), Van Oord (Netherlands), Boskalis (Netherlands), Hyundai Heavy Industries (South Korea), DSME (South Korea), Royal IHC, Upetrom Group, Sapium s.p.A, Bourbon (France), Swire Group (Hong Kong), Siem Offshore (Norway), Maersk Group (Denmark), Havila Shipping (Norway).
A Pipe laying vessel is a marine vessel used in the establishment of undersea infrastructure. It delivers to connect oil key player’s manifesto with refineries onshore. To attain this goal a particular Pipe laying vessel transfers a large lift carne, used to install pumps & valves, & instruments to lay pipe joining undersea structures.
Market Dynamics:
The important factors driving the growth of the pipe laying vessel market are increase in the investigation & production activities & growing expenditures in the offshore oil & gas zone. The increase in oil production in the U.S as of the high oil prices which led to the upsurge in the drilling occupation. Furthermore, shell (Netherlands) is supporting extensively in drilling occupations in deep-water areas in the Gulf of Mexico, which is projected to generate new direction for pipe laying vessel contributors in North America region.
Furthermore, the global pipe laying vessel market is expected to grow at a highest CAGR rate during the forecast period because of technical advancements in offshore oil investigation & manufacturing activities. The development of the pipe laying vessel features & capabilities to reach functional productivity tends to operate upfront price of such vessels. The expensiveness of the pipe vessels affects the development of such a market during the forecast period.
Regional Overview:
By region, Asia-Pacific is expected to account for the maximum share of the pipelay vessel operator market during the forecast period owing to the rise in offshore activities in India & China. The higher offshore capital expenditure & the increasing number of oil rigs & new oil platform installation plans is one of the critical influences that will drive the development of the global pipelay vessel operator market in Asia-Pacific region.
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