Transparency
Market Research Report Added "Global
Heavy Lifting And Material Handling Equipment For The Offshore
Market".The increasing offshore installations have to be
supported by reliable lifting and material handling services to
manage operations in an efficient manner. The lifting requirements of
offshore installations vary depending on the vessel type. The
companies providing heavy lifting and material handling equipments to
the offshore industry also build standardized blocks to cater the
lifting requirements in offshore facilities. However, the offshore
vessels may be designed to handle various materials and thus their
lifting and material handling requirements vary in some cases. In
several regions the offshore safety authorities regulate the
designing of equipments which are to be utilized in the offshore
facilities. The machinery regulations govern the manufacture and sale
of lifting appliances which are to be used in offshore basins. The
equipment providing companies have to develop safe solutions for
subsea load handling in stringent weather conditions. The market for
heavy lifting and material handling equipment for the offshore
industry is anticipated to grow at a substantial rate in future owing
to increasing requirements from offshore operators.
The requirement for
advanced lifting systems and increasing safety parameters of the
offshore industry are the major drivers attracting investment in for
heavy lifting and material handling equipment market. The offshore
facilities are located in stringent weather conditions and there are
several heavy lifting tasks to be performed in such facilities. The
equipment providers need to design their devices keeping in mind the
specific requirements of the offshore vessel and the precise task it
is meant to perform. Nations such as the U.K and Norway have laid
down strict design parameters for heavy lifting and material handling
equipments. The manufacturing companies are investing additional
amounts to design innovative solutions which would also meet the
safety parameters of the operating region. However, designing
effective solutions for offshore installations which have space
constraints is a major factor impacting the growth of the market.
The market for heavy
lifting and material handling equipment for the offshore industry can
be segmented based on the products available in this industry. The
lifting and material handling equipments are designed to perform
specific tasks, thus the solutions are designed according to the
requirement of the vessel. The major product categories available in
this market are offshore cranes, subsea winches, A- frames, pull-in
systems, skidding and trolley systems, module handling towers and
compensators. Apart from the above mentioned product categories
several other equipments are designed to cater the need of the
offshore industry.
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The increasing
offshore production activities in the Latin American region will
provide the major market heavy lifting and material handling
equipment in the coming future. Planned expansion projects and the
large offshore reserves of West Africa is one of the prospective
regions for the growth of heavy lifting and material handling
equipment market. The strict guidelines issued by government agencies
in European nations will further attract investment in this market.
The exploration companies in Asia Pacific are also increasing
investment in FPSO and FLNG systems which would provide growth
opportunities to heavy lifting and material handling equipment
market.
Some of the major
companies providing services in the heavy lifting and material
handling equipment business are Hyundai Heavy Industries, TTS Group
ASA, AXTech AS and Konecranes.
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