Marine (Offshore) Engineering Market Synopsis

Global Marine (Offshore) Engineering Market Size Was Valued at USD 108.4 Billion in 2023 and is Projected to Reach USD 180.21 Billion by 2032, Growing at a CAGR of 5.81% From 2024-2032.

Marine engineering, also known as offshore engineering, involves the design, construction, and maintenance of structures and systems used in the marine environment. This field encompasses a wide range of disciplines, including naval architecture, offshore platform design, marine propulsion systems, and underwater technology.

  • Marine engineering, particularly in the offshore sector, finds diverse applications across various industries. It involves designing and constructing offshore structures such as oil rigs, wind farms, and underwater pipelines. Marine engineers contribute to the development of advanced propulsion systems for ships and offshore vessels, ensuring smooth navigation and efficient transportation of goods and passengers across seas and oceans. Additionally, marine engineering extends to environmental protection measures, including designing sustainable marine structures that minimize ecological impact.
  • its ability to harness marine resources for renewable energy production. Offshore wind and wave energy systems, designed and maintained by marine engineers, offer sustainable alternatives to fossil fuels, contributing to cleaner energy production and reduced carbon emissions. Moreover, marine engineering plays a vital role in offshore oil and gas exploration and production, enabling the extraction of valuable resources from beneath the seabed through innovative drilling and extraction technologies.
  • The marine engineering services are poised for substantial growth driven by several factors. As the global economy continues to rely on maritime transport for international trade, the need for efficient and environmentally friendly marine technologies will increase. Furthermore, the expanding offshore renewable energy sector, including offshore wind and tidal energy projects, will create new opportunities for marine engineers to innovate and develop cutting-edge solutions for sustainable energy production in the marine environment.

Marine (Offshore) Engineering Market Trend Analysis:

Rising Demand for Deepwater Drilling and Exploration

  • The rising demand for deepwater drilling and exploration activities is a significant driver fueling the growth of the marine (offshore) engineering market. This trend is primarily fueled by the need to discover and tap into new offshore oil and gas reserves located in deeper waters. As conventional oil and gas reserves on land and in shallow waters become depleted, energy companies are increasingly turning their focus towards deepwater regions for exploration and production.
  • Deepwater drilling involves extracting oil and gas from reservoirs located thousands of feet below the ocean surface. It requires sophisticated offshore platforms, advanced drilling technologies, and specialized engineering solutions to overcome the technical challenges posed by harsh marine environments. Marine engineers play a crucial role in designing and implementing innovative solutions for deepwater drilling operations, ensuring safety, efficiency, and environmental sustainability.
  • The growth of deepwater drilling and exploration activities is driven by technological advancements in offshore engineering, including subsea equipment, remotely operated vehicles (ROVs), and deep-sea drilling rigs. These advancements enable energy companies to access previously untapped reserves in deepwater regions, contributing to the expansion of the marine engineering market. Additionally, the potential for significant discoveries and higher production rates in deepwater fields further motivates investment in offshore engineering capabilities and infrastructure.

Rising Demand for Subsea Infrastructure Maintenance and Decommissioning Services

  • The increasing demand for subsea infrastructure maintenance and decommissioning services presents a significant opportunity for the growth of the marine (offshore) engineering market. As offshore oil and gas fields mature, there is a growing need to maintain and extend the operational life of subsea infrastructure such as pipelines, underwater platforms, and equipment. Marine engineers are crucial in developing and implementing innovative solutions for subsea maintenance, ensuring the reliability, safety, and efficiency of offshore operations.
  • Moreover, the decommissioning of aging offshore structures has become a major focus for the marine engineering industry. As offshore assets reach the end of their productive life, they must be safely decommissioned and removed from the marine environment. This process involves complex engineering challenges, including well plugging, platform dismantling, and environmental remediation. Marine engineers play a key role in designing and executing decommissioning projects in compliance with regulatory requirements and industry best practices.
  • The growth potential in subsea infrastructure maintenance and decommissioning services is driven by advancements in underwater technologies, robotics, and environmental protection measures. Marine engineering companies are leveraging these innovations to offer cost-effective and sustainable solutions for maintaining and decommissioning offshore assets. Additionally, as more countries focus on renewable energy development in offshore wind and wave sectors, there is a growing demand for marine engineering expertise in designing, installing, and maintaining subsea infrastructure for these renewable energy projects.

Marine (Offshore) Engineering Market Segment Analysis:

Marine (Offshore) Engineering Market Segmented on the basis of Type, Application, and End-User.

By Application, Oil Rigs segment is expected to dominate the market during the forecast period

  • Oil rigs segment is poised to dominate the growth of the marine (offshore) engineering market. This dominance is driven by the continuous demand for offshore oil exploration and production activities worldwide. Oil rigs play a crucial role in extracting oil and gas from deepwater reserves, requiring advanced engineering solutions for their design, construction, and maintenance. Marine engineers specializing in offshore oil rigs contribute expertise in structural design, drilling technologies, and safety protocols, ensuring efficient and safe operations in challenging marine environments.
  • Furthermore, ongoing technological advancements in oil rig designs, such as floating production systems and subsea drilling technologies, continue to expand the capabilities and reach of offshore oil exploration. These innovations enhance productivity, reduce operational costs, and mitigate environmental risks associated with offshore drilling activities. As a result, the oil rigs segment remains a key driver of growth in the marine engineering market, attracting investments in infrastructure development, equipment upgrades, and engineering services tailored to the unique requirements of offshore oil and gas operations.

By End-User, Wind Energy segment held the largest share of 54% in 2022

  • The wind energy segment has emerged as the dominant force driving growth in the marine (offshore) engineering market. This segment holds the largest share due to the rapid expansion of offshore wind farm projects globally. Marine engineers specializing in offshore wind energy play a pivotal role in designing, constructing, and maintaining wind turbines and related infrastructure in marine environments. Their expertise encompasses aspects such as foundation design, installation methods, power transmission, and environmental impact assessment, ensuring the successful deployment and operation of offshore wind farms.
  • The increasing focus on renewable energy sources, coupled with technological advancements in offshore wind turbine technology, has propelled the growth of the wind energy segment in marine engineering. Offshore wind farms offer significant advantages, including higher wind speeds, larger turbine capacities, and reduced visual and noise impacts compared to onshore installations. These factors have attracted substantial investments in offshore wind projects, driving demand for marine engineering services tailored to the unique challenges and opportunities presented by offshore wind energy development.

Marine (Offshore) Engineering Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • Asia Pacific is poised to dominate as the leading region for the growth of the marine (offshore) engineering market. This dominance is driven by several factors, including the region's vast coastline, abundant offshore resources, and increasing investments in offshore infrastructure development. Countries such as China, India, Australia, and Southeast Asian nations are witnessing significant growth in offshore oil and gas exploration, renewable energy projects, and marine transportation, creating substantial demand for marine engineering expertise.
  • Moreover, Asia Pacific's strategic location along major shipping routes and emerging opportunities in offshore wind and wave energy further contribute to the region's dominance in marine engineering. Governments and industry players in the region are prioritizing the development of offshore assets, including oil rigs, offshore wind farms, subsea pipelines, and port facilities, driving demand for innovative engineering solutions and services. With ongoing technological advancements, regulatory support, and growing environmental concerns, Asia Pacific is expected to remain a key market for marine (offshore) engineering, attracting investments and fostering sustainable development in the maritime sector.

Marine (Offshore) Engineering Market Top Key Players:

  • Baker Hughes Company (U.S.)
  • Cameron International Corporation (U.S.)
  • Shell (U.S.)
  • McDermott (U.S.)
  • Weatherford International (U.S.)
  • NOV Inc. (U.S.)
  • thyssenkrupp AG (Germany)
  • Petrofac Limited (U.K.)
  • TechnipFMC plc (U.K.)
  • Fugro (Netherlands)
  • Transocean Ltd (Switzerland)
  • Kongsberg Maritime (Norway)
  • Saipem (Italy)
  • Worley (Australia)
  • Keppel Corporation (Singapore)
  • Mitsubishi Heavy Industries, Ltd (Japan)
  • Yinson Holdings Berhad (Malaysia)
  • Hyundai Heavy Industries Co., Ltd (South Korea), and Other Major Players

Key Industry Developments in the Marine (Offshore) Engineering Market:

  • In February 2023, Nov Launched a New Offshore Wind Service Vessel Concept As wind farms move farther offshore and in deeper waters, robust operations and maintenance strategies are required. Support vessels must be able to operate safely, effectively, and longer in increasingly challenging environments.
  • In February 2024, McDermott was awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation, and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oil field.

Global Marine (Offshore) Engineering Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 108.4 Bn.

Forecast Period 2024-32 CAGR:

5.81%

Market Size in 2032:

USD 180.21 Bn.

Segments Covered:

By Type

  • Mechanical Engineering
  • Electronic Engineering
  • Computer Science
  • Electrical Engineering

By Application

  • Oil Rigs
  • Boats
  • Ships

By End-User

  • Oil & Gas
  • Marine Construction
  • Wind Energy

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Deepwater Drilling and Exploration

Key Market Restraints:

  • High Capital Expenditure Required for Purchasing Boats or Equipment

Key Opportunities:

  • Rising Demand for Subsea Infrastructure Maintenance and Decommissioning Services

Companies Covered in the report:

  • Baker Hughes Company (U.S.), Cameron International Corporation (U.S.), Shell (U.S.), McDermott (U.S.), TechnipFMC plc (U.K.), and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTERā€™S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. MARINE (OFFSHORE) ENGINEERING MARKET BY TYPE (2017-2032)
    1. MARINE (OFFSHORE) ENGINEERING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. MECHANICAL ENGINEERING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 ā€“ 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 ā€“ 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ELECTRONIC ENGINEERING
    5. COMPUTER SCIENCE
    6. ELECTRICAL ENGINEERING
  7. MARINE (OFFSHORE) ENGINEERING MARKET BY APPLICATION (2017-2032)
    1. MARINE (OFFSHORE) ENGINEERING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. OIL RIGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 ā€“ 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 ā€“ 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. BOATS
    5. SHIPS
  8. MARINE (OFFSHORE) ENGINEERING MARKET BY END-USER (2017-2032)
    1. MARINE (OFFSHORE) ENGINEERING MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. OIL & GAS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 ā€“ 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 ā€“ 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MARINE CONSTRUCTION
    5. WIND ENERGY
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Marine (Offshore) Engineering Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. BAKER HUGHES COMPANY (U.S.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. CAMERON INTERNATIONAL CORPORATION (U.S.)
    4. SHELL (U.S.)
    5. MCDERMOTT (U.S.)
    6. WEATHERFORD INTERNATIONAL (U.S.)
    7. NOV INC. (U.S.)
    8. THYSSENKRUPP AG (GERMANY)
    9. PETROFAC LIMITED (U.K.)
    10. TECHNIPFMC PLC (U.K.)
    11. FUGRO (NETHERLANDS)
    12. TRANSOCEAN LTD (SWITZERLAND)
    13. KONGSBERG MARITIME (NORWAY)
    14. SAIPEM (ITALY)
    15. WORLEY (AUSTRALIA)
    16. KEPPEL CORPORATION (SINGAPORE)
    17. MITSUBISHI HEAVY INDUSTRIES, LTD (JAPAN)
    18. YINSON HOLDINGS BERHAD (MALAYSIA)
    19. HYUNDAI HEAVY INDUSTRIES CO., LTD (SOUTH KOREA)
  10. GLOBAL MARINE (OFFSHORE) ENGINEERING MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By End-User
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Marine (Offshore) Engineering Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 108.4 Bn.

Forecast Period 2024-32 CAGR:

5.81%

Market Size in 2032:

USD 180.21 Bn.

Segments Covered:

By Type

  • Mechanical Engineering
  • Electronic Engineering
  • Computer Science
  • Electrical Engineering

By Application

  • Oil Rigs
  • Boats
  • Ships

By End-User

  • Oil & Gas
  • Marine Construction
  • Wind Energy

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Demand for Deepwater Drilling and Exploration

Key Market Restraints:

  • High Capital Expenditure Required for Purchasing Boats or Equipment

Key Opportunities:

  • Rising Demand for Subsea Infrastructure Maintenance and Decommissioning Services

Companies Covered in the report:

  • Baker Hughes Company (U.S.), Cameron International Corporation (U.S.), Shell (U.S.), McDermott (U.S.), TechnipFMC plc (U.K.), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MARINE (OFFSHORE) ENGINEERING MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MARINE (OFFSHORE) ENGINEERING MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MARINE (OFFSHORE) ENGINEERING MARKET COMPETITIVE RIVALRY
TABLE 005. MARINE (OFFSHORE) ENGINEERING MARKET THREAT OF NEW ENTRANTS
TABLE 006. MARINE (OFFSHORE) ENGINEERING MARKET THREAT OF SUBSTITUTES
TABLE 007. MARINE (OFFSHORE) ENGINEERING MARKET BY TYPE
TABLE 008. MECHANICAL ENGINEERING MARKET OVERVIEW (2016-2028)
TABLE 009. ELECTRICAL ENGINEERING MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRONIC ENGINEERING MARKET OVERVIEW (2016-2028)
TABLE 011. COMPUTER SCIENCE MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. MARINE (OFFSHORE) ENGINEERING MARKET BY APPLICATION
TABLE 014. APPLICATION A MARKET OVERVIEW (2016-2028)
TABLE 015. APPLICATION B MARKET OVERVIEW (2016-2028)
TABLE 016. APPLICATION C MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET, BY APPLICATION (2016-2028)
TABLE 019. N MARINE (OFFSHORE) ENGINEERING MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE MARINE (OFFSHORE) ENGINEERING MARKET, BY TYPE (2016-2028)
TABLE 021. EUROPE MARINE (OFFSHORE) ENGINEERING MARKET, BY APPLICATION (2016-2028)
TABLE 022. MARINE (OFFSHORE) ENGINEERING MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC MARINE (OFFSHORE) ENGINEERING MARKET, BY TYPE (2016-2028)
TABLE 024. ASIA PACIFIC MARINE (OFFSHORE) ENGINEERING MARKET, BY APPLICATION (2016-2028)
TABLE 025. MARINE (OFFSHORE) ENGINEERING MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA MARINE (OFFSHORE) ENGINEERING MARKET, BY TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA MARINE (OFFSHORE) ENGINEERING MARKET, BY APPLICATION (2016-2028)
TABLE 028. MARINE (OFFSHORE) ENGINEERING MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET, BY TYPE (2016-2028)
TABLE 030. SOUTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET, BY APPLICATION (2016-2028)
TABLE 031. MARINE (OFFSHORE) ENGINEERING MARKET, BY COUNTRY (2016-2028)
TABLE 032. SHELL: SNAPSHOT
TABLE 033. SHELL: BUSINESS PERFORMANCE
TABLE 034. SHELL: PRODUCT PORTFOLIO
TABLE 035. SHELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. PETROBRAS: SNAPSHOT
TABLE 036. PETROBRAS: BUSINESS PERFORMANCE
TABLE 037. PETROBRAS: PRODUCT PORTFOLIO
TABLE 038. PETROBRAS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. PTTEP: SNAPSHOT
TABLE 039. PTTEP: BUSINESS PERFORMANCE
TABLE 040. PTTEP: PRODUCT PORTFOLIO
TABLE 041. PTTEP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. CONOCOPHILIPS: SNAPSHOT
TABLE 042. CONOCOPHILIPS: BUSINESS PERFORMANCE
TABLE 043. CONOCOPHILIPS: PRODUCT PORTFOLIO
TABLE 044. CONOCOPHILIPS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. CHEVRON: SNAPSHOT
TABLE 045. CHEVRON: BUSINESS PERFORMANCE
TABLE 046. CHEVRON: PRODUCT PORTFOLIO
TABLE 047. CHEVRON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. SAMSUNG HEAVY INDUSTRIES: SNAPSHOT
TABLE 048. SAMSUNG HEAVY INDUSTRIES: BUSINESS PERFORMANCE
TABLE 049. SAMSUNG HEAVY INDUSTRIES: PRODUCT PORTFOLIO
TABLE 050. SAMSUNG HEAVY INDUSTRIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. EXXON MOBIL: SNAPSHOT
TABLE 051. EXXON MOBIL: BUSINESS PERFORMANCE
TABLE 052. EXXON MOBIL: PRODUCT PORTFOLIO
TABLE 053. EXXON MOBIL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. EQUINOR: SNAPSHOT
TABLE 054. EQUINOR: BUSINESS PERFORMANCE
TABLE 055. EQUINOR: PRODUCT PORTFOLIO
TABLE 056. EQUINOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. SHI: SNAPSHOT
TABLE 057. SHI: BUSINESS PERFORMANCE
TABLE 058. SHI: PRODUCT PORTFOLIO
TABLE 059. SHI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. HUI: SNAPSHOT
TABLE 060. HUI: BUSINESS PERFORMANCE
TABLE 061. HUI: PRODUCT PORTFOLIO
TABLE 062. HUI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. DSME: SNAPSHOT
TABLE 063. DSME: BUSINESS PERFORMANCE
TABLE 064. DSME: PRODUCT PORTFOLIO
TABLE 065. DSME: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY TYPE
FIGURE 012. MECHANICAL ENGINEERING MARKET OVERVIEW (2016-2028)
FIGURE 013. ELECTRICAL ENGINEERING MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRONIC ENGINEERING MARKET OVERVIEW (2016-2028)
FIGURE 015. COMPUTER SCIENCE MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY APPLICATION
FIGURE 018. APPLICATION A MARKET OVERVIEW (2016-2028)
FIGURE 019. APPLICATION B MARKET OVERVIEW (2016-2028)
FIGURE 020. APPLICATION C MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA MARINE (OFFSHORE) ENGINEERING MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Marine (Offshore) Engineering Market research report?

The forecast period in the Marine (Offshore) Engineering Market research report is 2024-2032.

Who are the key players in the Marine (Offshore) Engineering Market?

Baker Hughes Company (U.S.), Cameron International Corporation (U.S.), Shell (U.S.),McDermott (U.S.), Weatherford International (U.S.), NOV Inc. (U.S.), thyssenkrupp AG (Germany),Petrofac Limited (U.K.), TechnipFMC plc (U.K.), Fugro (Netherlands), Transocean Ltd (Switzerland), Kongsberg Maritime (Norway), Saipem (Italy), Worley (Australia),Keppel Corporation (Singapore), Mitsubishi Heavy Industries, Ltd (Japan), Yinson Holdings Berhad (Malaysia), Hyundai Heavy Industries Co., Ltd (South Korea), and Other Major Players.

What are the segments of the Marine (Offshore) Engineering Market?

The Marine (Offshore) Engineering Market is segmented into Type, Application, End-User, and region. By Type, the market is categorized into Mechanical Engineering, Electronic Engineering, Computer Science, and Electrical Engineering. By Application, the market is categorized into Oil Rigs, Boats, and Ships. By End-User, the market is categorized into Oil & Gas, Marine Construction, and Wind Energy. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Marine (Offshore) Engineering Market?

Marine engineering, also known as offshore engineering, involves the design, construction, and maintenance of structures and systems used in the marine environment. This field encompasses a wide range of disciplines, including naval architecture, offshore platform design, marine propulsion systems, and underwater technology.

How big is the Marine (Offshore) Engineering Market?

Global Marine (Offshore) Engineering Market Size Was Valued at USD 108.4 Billion in 2023 and is Projected to Reach USD 180.21 Billion by 2032, Growing at a CAGR of 5.81% From 2024-2032.