Jun 28, 2018   SOURCE: BusinessWire

Global Marine Trencher Market Report 2018-2022: CAGR to Grow at 3.94% - Trends, Drivers and Issues - ResearchAndMarkets.com

The "Global Marine Trencher Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global marine trencher market is projected to grow at a CAGR of 3.94% during the period 2018-2022.

Global Marine Trencher Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the use of augmented reality in subsea systems. As augmented reality enables the work instructions, processes, and procedures to be viewed and tested in a virtual environment, it helps in correcting the execution of the job ahead of time. The visualization of the job provides an opportunity to improve the process or work instruction, reducing the risks associated while ensuring efficiency.

According to the report, one of the major drivers for this market is the economically done deepwater drilling. Since the depletion of conventional oil reserves, oil companies have shifted to far-flung locations in search of new sources of production. The streamlining of operations has led to significant reduction in costs of deepwater drilling, in turn, encouraging producers to continue with their shelved offshore investments. This is expected to propel the growth of the global marine trencher market in the coming years.

Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in oil and gas prices.

Key Vendors

  • Barth Hollanddrain
  • Global Marine
  • MIAH
  • Osbit
  • Royal IHC
  • Seatools

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Technology

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/lpfpp4/global_marine?w=4