European dredging hose market is estimated to grow at a CAGR of nearly 2.9% during the forecast period. Some key factors encouraging the market growth in the region include significant oil and gas production and increasing development of port infrastructure in the region. Norway has the second-largest petroleum industry with 103.7 Million of tonnes of oil equivalent (Mtoe) of total natural gas production in Europe followed by Russia with 575.6 Mtoe and among the top 10 producers of gas across the globe in 2018. Additionally, as per the European Commission, considerable production of oil and gas production in Europe takes place offshore, and currently, there are nearly 550 installations in European waters.
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Owing to the high demand for energy in the European Union (EU), such kinds of operations are important to facilitate a secure supply of energy. Rising oil production in Russia has been witnessed in recent years. For instance, as per the International Energy Agency (IEA), the production of crude oil including lease condensate in 2017 was around 10.6 million barrels per day, which reached to 10.7 million barrels per day in 2018. This results in the increasing demand for artificial lift methods for oil operations in the country, in turn, dredging hose market growth in Europe.
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European Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
Regional Analysis
- UK
- Germany
- France
- Spain
- Italy
Rest of Europe
Company Profiles
- Abcon Industrial Products Ltd.
- ContiTech AG
- Damen Shipyards Group
- Dragflow S.r.l.
- EMSTEC GmbH
- FLSmidth A/S
- Hose-Tech Ltd.
- IVG Colbachini S.p.A.
- Royal Boskalis Westminster N.V.
- Semperit AG Holding
- Taniq BV
- The Weir Group plc
- Trelleborg AB
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