Market Overview:
The global installation vessels market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for oil & gas, submarine communications, and power installations across the globe. In terms of type, the shallow sea installation vessels segment is expected to dominate the global installation vessels market during the forecast period owing to its low cost and easy deployment options. However, deep sea installation vessels are anticipated to witness highest growth rate over the forecast period due in part to their ability handle heavy loads and long distances.
Product Definition:
Installation Vessels are a type of ship used for the installation of offshore wind turbines. They are specifically designed to transport and install large, heavy components such as turbine towers and blades. The importance of Installation Vessels is that they allow for the installation of offshore wind turbines in deep water, where traditional ships cannot go.
Shallow Sea:
Shallow Sea is a marine ecosystem comprising of sea floor and shallow water organisms. It has been recognized as an important source of food, oxygen, and material for the global oceanic ecosystems. The growing population along with increasing demand for seafood has led to the over fishing syndrome which in turn is expected to drive market growth during the forecast period. Shallow sea also provides a sustainable alternative solution that can be developed without degrading or modifying existing oceanographic conditions globally.
Deep Sea:
The deep sea is the second largest ocean after the Pacific Ocean. It is also known as thesea or simply The Deep. The International Hydrographic Organization (IHO) defines its limits as follows: “The limits of deep water are constituted by the basepoints of lowest depth reached by continuous recorded soundings”.
Application Insights:
The global installation vessels market has been segmented into oil & gas, power, submarine communications, and others. The oil &gas application segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing demand for drilling equipment from countries such as Saudi Arabia and Russia among others.
Submarine communications was the second-largest application of installations in 2017 due to a rise in military spending across various countries including China India Japan U.S., France etc., which are major consumers of this equipment globally. Furthermore growth can also be attributed to increasing use of undersea fiber optic cables globally which requires maintenance on a regular basis that attracts large investments from several companies worldwide including AT&T Inc., Level 3 Communications LLC.; Google LLC; Microsoft Corporation; Facebook Inc.; etc.
Regional Analysis:
Asia Pacific dominated the global installation vessels market in 2016 and is expected to continue its dominance over the forecast period. The growth of Asia Pacific region can be attributed to rising demand from countries such as China, India, South Korea, Japan and Australia. These countries are involved in extensive development activities for offshore oil & gas reserves which has led to an increase in requirement for installation vessels across this region.
The market across North America is anticipated to witness significant growth over the forecast period owing to increasing exploration & production (E&P) activities coupled with growing need for well intervention services along with drilling services within U.S., Canada and Mexico regions.
Europe accounted for a major share of revenue share within global installation vessels industry mainly due to high penetration rates observed in Netherlands.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in upstream oil and gas sector
- Proliferation of deepwater and ultra-deepwater drilling activities
- Development of new technologies for installation vessels that can help reduce the cost of operations
- Growing focus on safety and environment protection
Scope Of The Report
Report Attributes
Report Details
Report Title
Installation Vessels Market Research Report
By Type
Shallow Sea, Deep Sea
By Application
Oil & Gas, Submarine Communications, Power, Others
By Companies
Keppel Corporation, Qingdao Euchuan, IHC Offshore, Marine B.V, CSSC, SINOPACIFIC Shipbuilding Group, Keppel Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Installation Vessels Market Report Segments:
The global Installation Vessels market is segmented on the basis of:
Types
Shallow Sea, Deep Sea
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Submarine Communications, Power, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Keppel Corporation
- Qingdao Euchuan
- IHC Offshore
- Marine B.V
- CSSC
- SINOPACIFIC Shipbuilding Group
- Keppel Corporation
Highlights of The Installation Vessels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shallow Sea
- Deep Sea
- By Application:
- Oil & Gas
- Submarine Communications
- Power
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Installation Vessels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Installation Vessels are vessels used to transport oil and gas products from the wellhead to the production platform.
Some of the key players operating in the installation vessels market are Keppel Corporation, Qingdao Euchuan, IHC Offshore, Marine B.V, CSSC, SINOPACIFIC Shipbuilding Group, Keppel Corporation.
The installation vessels market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Installation Vessels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Installation Vessels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Installation Vessels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Installation Vessels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Installation Vessels Market Size & Forecast, 2020-2028
4.5.1 Installation Vessels Market Size and Y-o-Y Growth
4.5.2 Installation Vessels Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Shallow Sea
5.2.2 Deep Sea
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Submarine Communications
6.2.3 Power
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Installation Vessels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Installation Vessels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Shallow Sea
9.6.2 Deep Sea
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Submarine Communications
9.10.3 Power
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Shallow Sea
10.6.2 Deep Sea
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Submarine Communications
10.10.3 Power
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Shallow Sea
11.6.2 Deep Sea
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Submarine Communications
11.10.3 Power
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Shallow Sea
12.6.2 Deep Sea
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Submarine Communications
12.10.3 Power
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Shallow Sea
13.6.2 Deep Sea
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Submarine Communications
13.10.3 Power
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Installation Vessels Market: Competitive Dashboard
14.2 Global Installation Vessels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keppel Corporation
14.3.2 Qingdao Euchuan
14.3.3 IHC Offshore
14.3.4 Marine B.V
14.3.5 CSSC
14.3.6 SINOPACIFIC Shipbuilding Group
14.3.7 Keppel Corporation
