Subsea Trencher Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Subsea Trencher Market
The subsea trencher market size was valued at USD 259.1 billion in 2023, and the market is now projected to grow from USD 271.4 billion in 2024 to USD 392.6 billion by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2024-2032.
Strict measures taken to stop the virus's spread, like nationwide lockdowns, have caused significant losses for businesses. These factors affceted the subsea trencher market growth.
The augmenting need for subsea umbilical installation will be driven by the quick growth of deep-water offshore projects and a shifting emphasis on offshore business. The government has executed and launched various plans and polices regrading the renewable energy systems so as to reduce the usage of fossil fuels. The market is expected to be profitted greatly from the alliance of different countries to surpass the necessary goals. These particular growth driving factors have been recorded to attribute the subsea trencher market share.
The increasing number of people living in cities as a result of migration caused an increase in energy demand across all application sectors. Due to increased urbanization and commercialisation, office spaces and industrialization have been increased proportionally.
Comprehensive Analysis of Subsea Trencher Market
Jet and mechanical are the two main categories into which the marine trencher market is divided. The market is segmented into pipeline burial, cable burial, and umbilical burial based on application.
The vast offshore oil and gas production potential in Europe makes it the greatest market for subsea trenchers. Offshore pipes are in high demand throughout Europe because to the rise in electricity consumption and the use of industrial gases in the steel, oil and gas, metal and mining, and manufacturing and processing sectors.
There are a few major companies in the industry that specialize in offering the tools and services. Various technological developments, such as marine trenchers for larger depths and various attachments for improved performance characteristics, are being developed by market participants. Among the market participants are DeepOcean (Norway), Mastenbroek Limited (U.K.), Miah Inc. (U.S.), Helix Energy Solutions Group (U.S.), and Royal IHC (Netherlands).
In August 2021, Soil Machine Dynamics (SMD) and SEAJET Systems have entered into a manufacturing cooperation for subsea excavation and trenching technologies. With this agreement, SMD's Wallsend, Newcastle upon Tyne, production plant will be the only place where the fleet of CFE equipment is built, tested, and commission.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2028
Base Year 2020
Estimated Year 2021
Forecast Period 2021-2028
Historical Period 2017-2019
Unit Value (USD Million)
By Type Jet
Mechanical
By Application Pipeline Burial
Cable Burial
Umbilical Burial
By Geography North America (By Type, By Application, By Country)
- U.S.
- Canada
Europe (By Type, By Application, By Country)
- U.K.
- Russia
- Germany
- France
- Spain
- Italy
- Norway
- Rest of Europe
Asia Pacific (By Type, By Application, By Country)
- China
- India
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Type, By Application, By Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Type, By Application, By Country)
- GCC
- South Africa
- Rest of the Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Subsea Trencher Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments by Industry Players in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Jet
- 6.2.2. Mechanical
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Pipeline Burial
- 6.3.2. Cable Burial
- 6.3.3. Umbilical Burial
- 6.4. Market Analysis, Insights and Forecast – By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Jet
- 7.2.2. Mechanical
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Pipeline Burial
- 7.3.2. Cable Burial
- 7.3.3. Umbilical Burial
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. United States
- 7.4.2. Canada
- 8. Europe Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Jet
- 8.2.2. Mechanical
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Pipeline Burial
- 8.3.2. Cable Burial
- 8.3.3. Umbilical Burial
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. United Kingdom
- 8.4.2. Russia
- 8.4.3. Germany
- 8.4.4. France
- 8.4.5. Spain
- 8.4.6. Italy
- 8.4.7. Norway
- 8.4.8. Rest of Europe
- 9. Asia Pacific Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Jet
- 9.2.2. Mechanical
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Pipeline Burial
- 9.3.2. Cable Burial
- 9.3.3. Umbilical Burial
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. Southeast Asia
- 9.4.6. Rest of Asia Pacific
- 10. Latin America Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Jet
- 10.2.2. Mechanical
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Pipeline Burial
- 10.3.2. Cable Burial
- 10.3.3. Umbilical Burial
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
- 11. Middle East & Africa Subsea Trencher Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Type
- 11.2.1. Jet
- 11.2.2. Mechanical
- 11.3. Market Analysis, Insights and Forecast – By Application
- 11.3.1. Pipeline Burial
- 11.3.2. Cable Burial
- 11.3.3. Umbilical Burial
- 11.4. Market Analysis, Insights and Forecast – By Country
- 11.4.1. GCC
- 11.4.2. South Africa
- 11.4.3. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2020
- 12.2. Company Profile
- 12.2.1. Helix Energy Solutions Group
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Geographic Presence
- 12.2.1.5. Recent Development
- 12.2.2. Royal IHC
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Geographic Presence
- 12.2.2.5. Recent Development
- 12.2.3. Miah Inc.
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Geographic Presence
- 12.2.3.5. Recent Development
- 12.2.4. Mastenbroek Limited
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Geographic Presence
- 12.2.4.5. Recent Development
- 12.2.5. DeepOcean
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Geographic Presence
- 12.2.5.5. Recent Development
- 12.2.6. Osbit
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Geographic Presence
- 12.2.6.5. Recent Development
- 12.2.7. Seatools BV
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Geographic Presence
- 12.2.7.5. Recent Development
- 12.2.8. Barth Hollanddrain
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Geographic Presence
- 12.2.8.5. Recent Development
- 12.2.9. Delta Subsea LLC
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Geographic Presence
- 12.2.9.5. Recent Development
- 12.2.10. Soil Machine Dynamics Ltd.
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Geographic Presence
- 12.2.10.5. Recent Development
- 12.2.11. Allseas Engineering Technologies Applications Ltd.
- 12.2.11.1. Business Overview
- 12.2.11.2. Product & Service Offering
- 12.2.11.3. Overall Revenue
- 12.2.11.4. Geographic Presence
- 12.2.11.5. Recent Development
- 12.2.12. Global Marine
- 12.2.12.1. Business Overview
- 12.2.12.2. Product & Service Offering
- 12.2.12.3. Overall Revenue
- 12.2.12.4. Geographic Presence
- 12.2.12.5. Recent Development
- 12.2.13. Seatrench
- 12.2.13.1. Business Overview
- 12.2.13.2. Product & Service Offering
- 12.2.13.3. Overall Revenue
- 12.2.13.4. Geographic Presence
- 12.2.13.5. Recent Development
- 12.2.14. Global Offshore
- 12.2.14.1. Business Overview
- 12.2.14.2. Product & Service Offering
- 12.2.14.3. Overall Revenue
- 12.2.14.4. Geographic Presence
- 12.2.14.5. Recent Development
- 12.2.15. Company Service Swiss SA
- 12.2.15.1. Business Overview
- 12.2.15.2. Product & Service Offering
- 12.2.15.3. Overall Revenue
- 12.2.15.4. Geographic Presence
- 12.2.15.5. Recent Development
- 12.2.16. Modus Ltd.
- 12.2.16.1. Business Overview
- 12.2.16.2. Product & Service Offering
- 12.2.16.3. Overall Revenue
- 12.2.16.4. Geographic Presence
- 12.2.16.5. Recent Development
- 12.2.17. Trident Group
- 12.2.17.1. Business Overview
- 12.2.17.2. Product & Service Offering
- 12.2.17.3. Overall Revenue
- 12.2.17.4. Geographic Presence
- 12.2.17.5. Recent Development
- 12.2.18. IKM Subsea
- 12.2.18.1. Business Overview
- 12.2.18.2. Product & Service Offering
- 12.2.18.3. Overall Revenue
- 12.2.18.4. Geographic Presence
- 12.2.18.5. Recent Development
- 12.2.19. Jan De Nul
- 12.2.19.1. Business Overview
- 12.2.19.2. Product & Service Offering
- 12.2.19.3. Overall Revenue
- 12.2.19.4. Geographic Presence
- 12.2.19.5. Recent Development
- 12.2.20. SEA S.R.L.
- 12.2.20.1. Business Overview
- 12.2.20.2. Product & Service Offering
- 12.2.20.3. Overall Revenue
- 12.2.20.4. Geographic Presence
- 12.2.20.5. Recent Development
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