Heavy Lifting and Material Handling Equipment
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for the Offshore Industry - Global Industry
Analysis, Size, Share, Trends, Analysis, Growth USD 4315.5
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and Forecast 2014 - 2020
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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.
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The requirement for advanced lifting systems and increasing safety parameters...