Market Overview:
The global ocean engineering equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas, rising maritime trade, and growing concerns over climate change. The coastal engineering segment is expected to lead the global ocean engineering equipment market during the forecast period from 2018 to 2030. This segment is projected to grow at a CAGR of 6% during the forecast period. The growth in this segment can be attributed to increasing investments in port infrastructure development projects across the globe and rising concerns over coastal erosion and sea level rise. The oil industry segment is projected second largest contributor of revenue for global ocean engineering equipment market by 2030 end with a share of around 30%.
Product Definition:
The purpose of ocean engineering equipment is to improve the quality of our oceans and coasts. This type of equipment can help us better understand and manage our coastal environment, while also protecting against natural disasters.
Coastal Engineering:
Coastal engineering is the branch of civil engineering that deals with the construction and protection of land along navigable waterways. The field includes elements such as topography, geology, hydrology, ecology, design standards & regulations (if applicable), and historical data. Coastal engineers must be proficient in hydraulics (the science of water), oceanography (the study of waves & currents), structural analysis (strength-to-weight ratio for structures) and civil/structural mechanics.
The Oil Industry:
The oil industry is one of the major industries that are driving the global ocean engineering equipment market. The demand for crude oil is growing rapidly which in turn has increased the production level globally. Crude oil being a vital component in manufacturing various products such as plastic, synthetic rubber, and fuel all over the world has led to an increase in demand for this product which further propels growth of Ocean Engineering Equipment Market.
Application Insights:
The ocean resource exploration, exploitation, processing, storage and transportation application segment dominated the global market in 2017. This is attributed to increasing demand for oil & gas from various industries such as energy generation and transport. The others segment includes activities such as marine conservation and protection of ecosystem services. Increasing awareness about these benefits is expected to drive the growth of this segment over the forecast period.
Ocean resources are increasingly being utilized to meet growing energy needs across all industry sectors including transport and power generation which further supports its demand in applications such as exploration, processing, storage & transportation or exploitation over the forecast period driving overall growth across all regions globally.
Regional Analysis:
The Asia Pacific held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid developments in offshore structures, marine technology, port infrastructure and other areas that are vital for ocean engineering equipment market growth. China holds a dominant position in this industry owing to increasing investments by Chinese companies along with favorable government policies regarding technological advancements.
North America accounted for a significant revenue share of the global market due to high demand from U.S.-based companies operating within North American waters such as ExxonMobil Corporation; Transocean Ltd.; Anadarko Petroleum Corporation; ConocoPhillips; and Chevron Corp., among others who are engaged in exploring, exploiting, processing & transportation of oil resources across various platforms including sea vessels & platforms (rigs), land-based facilities etc., thereby driving industry growth across this region as well.
Growth Factors:
- Increasing demand for ocean energy
- Growing popularity of ocean thermal energy conversion (OTEC) systems
- Rising concerns over climate change and its impact on the oceans
- Proliferation of offshore wind farms
- Increased investment in marine renewable energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Ocean Engineering Equipment Market Research Report
By Type
Coastal Engineering, The Oil Industry, Others
By Application
Ocean Resource Exploration, Exploitation, Processing, Storage and Transportation, Others
By Companies
Sevan Marine, Keppel Offshore and Marine, NAG Marine, Weeks Marine, Samsung Heavy Industries, DSME, Technip, Saipem, Mcdermott International, Cimc Raffles Offshore, Dalian Shipbuilding Industry Offshore, Waigaoqiao Shipbuilding, Zhenhua Heavy Industries
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Ocean Engineering Equipment Market Report Segments:
The global Ocean Engineering Equipment market is segmented on the basis of:
Types
Coastal Engineering, The Oil Industry, Others
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
Ocean Resource Exploration, Exploitation, Processing, Storage and Transportation, 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:
- Sevan Marine
- Keppel Offshore and Marine
- NAG Marine
- Weeks Marine
- Samsung Heavy Industries
- DSME
- Technip
- Saipem
- Mcdermott International
- Cimc Raffles Offshore
- Dalian Shipbuilding Industry Offshore
- Waigaoqiao Shipbuilding
- Zhenhua Heavy Industries
Highlights of The Ocean Engineering Equipment 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:
- Coastal Engineering
- The Oil Industry
- Others
- By Application:
- Ocean Resource Exploration
- Exploitation
- Processing
- Storage and Transportation
- 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 Ocean Engineering Equipment 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
- Identifying Appropriate Advertising Appeals
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?
Ocean engineering equipment is a category of specialized equipment used in the maritime and coastal industries. This includes everything from tide gauges to navigational aids.
Some of the major players in the ocean engineering equipment market are Sevan Marine, Keppel Offshore and Marine, NAG Marine, Weeks Marine, Samsung Heavy Industries, DSME, Technip, Saipem, Mcdermott International, Cimc Raffles Offshore, Dalian Shipbuilding Industry Offshore, Waigaoqiao Shipbuilding, Zhenhua Heavy Industries.
The ocean engineering equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ocean Engineering Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ocean Engineering Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ocean Engineering Equipment Market - Supply Chain
4.5. Global Ocean Engineering Equipment Market Forecast
4.5.1. Ocean Engineering Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ocean Engineering Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ocean Engineering Equipment Market Absolute $ Opportunity
5. Global Ocean Engineering Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ocean Engineering Equipment Market Size and Volume Forecast by Type
5.3.1. Coastal Engineering
5.3.2. The Oil Industry
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ocean Engineering Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ocean Engineering Equipment Market Size and Volume Forecast by Application
6.3.1. Ocean Resource Exploration
6.3.2. Exploitation
6.3.3. Processing
6.3.4. Storage and Transportation
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ocean Engineering Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ocean Engineering Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ocean Engineering Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ocean Engineering Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ocean Engineering Equipment Demand Share Forecast, 2019-2026
9. North America Ocean Engineering Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ocean Engineering Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ocean Engineering Equipment Market Size and Volume Forecast by Application
9.4.1. Ocean Resource Exploration
9.4.2. Exploitation
9.4.3. Processing
9.4.4. Storage and Transportation
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ocean Engineering Equipment Market Size and Volume Forecast by Type
9.7.1. Coastal Engineering
9.7.2. The Oil Industry
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ocean Engineering Equipment Demand Share Forecast, 2019-2026
10. Latin America Ocean Engineering Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ocean Engineering Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ocean Engineering Equipment Market Size and Volume Forecast by Application
10.4.1. Ocean Resource Exploration
10.4.2. Exploitation
10.4.3. Processing
10.4.4. Storage and Transportation
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ocean Engineering Equipment Market Size and Volume Forecast by Type
10.7.1. Coastal Engineering
10.7.2. The Oil Industry
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ocean Engineering Equipment Demand Share Forecast, 2019-2026
11. Europe Ocean Engineering Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ocean Engineering Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ocean Engineering Equipment Market Size and Volume Forecast by Application
11.4.1. Ocean Resource Exploration
11.4.2. Exploitation
11.4.3. Processing
11.4.4. Storage and Transportation
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ocean Engineering Equipment Market Size and Volume Forecast by Type
11.7.1. Coastal Engineering
11.7.2. The Oil Industry
1.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ocean Engineering Equipment Demand Share, 2019-2026
12. Asia Pacific Ocean Engineering Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ocean Engineering Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ocean Engineering Equipment Market Size and Volume Forecast by Application
12.4.1. Ocean Resource Exploration
12.4.2. Exploitation
12.4.3. Processing
12.4.4. Storage and Transportation
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ocean Engineering Equipment Market Size and Volume Forecast by Type
12.7.1. Coastal Engineering
12.7.2. The Oil Industry
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ocean Engineering Equipment Demand Share, 2019-2026
13. Middle East & Africa Ocean Engineering Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ocean Engineering Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ocean Engineering Equipment Market Size and Volume Forecast by Application
13.4.1. Ocean Resource Exploration
13.4.2. Exploitation
13.4.3. Processing
13.4.4. Storage and Transportation
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ocean Engineering Equipment Market Size and Volume Forecast by Type
13.7.1. Coastal Engineering
13.7.2. The Oil Industry
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ocean Engineering Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ocean Engineering Equipment Market: Market Share Analysis
14.2. Ocean Engineering Equipment Distributors and Customers
14.3. Ocean Engineering Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sevan Marine
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Keppel Offshore and Marine
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NAG Marine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Weeks Marine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung Heavy Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DSME
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Technip
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Saipem
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mcdermott International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cimc Raffles Offshore
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dalian Shipbuilding Industry Offshore
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Waigaoqiao Shipbuilding
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhenhua Heavy Industries
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
