Heavy Lifting and Material Handling Equipment for the Offshore Industry Market SPosted by surendra choudhary on December 30th, 2020 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 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. Like it? Share it!More by this author |