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Marine And Ports Construction Market Analysis: Forecast Growth, Competitive Landscape, And Key Regions - By The Business Research Company
The marine and ports construction market is fairly concentrated, with a small number of players dominating the market. . was the with 17.1% share of the market, followed by Grupo ACS, China State Construction Engineering Corporation Ltd., Hyundai Engineering and Construction Co. Ltd., Strabag SE, DEME Group, Ningbo Zhoushan Port Company Limited, Boskalis, Bechtel Corporation, and McCarthy Building Companies Inc.
Companies operating in the marine and ports construction market are focusing on developing to reduce carbon emissions. For example, in December 2021 , COSCO Shipping Ports, a China -based port operator launched zero-carbon port terminal at the northern port of Tianjin, China that is powered by wind and photovoltaic energy (PV), achieving zero carbon emission in energy consumption and production. The smart green energy system was connected to the grid at the Second Container Terminal of Tianjin Port. It includes two 4.5 MW (megawatt) distributed wind turbines, which can generate 23.3 million kWh (kilowatt-hour) of electricity annually and reduce the carbon emission by 20,600 tons per year.
In addition, marine and ports construction market companies are focusing on to grow in the market. For example, in July 2022 , Boskalis, a Dutch dredging and heavy lift company, expanded its presence in the USA with opening of new offshore renewables office in providence, Rhode Island to support the rapidly developing US offshore wind market along the east coast.
According to The Business Research Company, was the in the marine and ports construction market and was worth $15.3 billion in 2022.
The marine and ports construction market in Western Europe is supported by the increase in trade activities and expansion of old terminals. For example, in 2022, Port of Helsinki, Finland -based general port for foreign trade, handled 492,000 TEUs (twenty-foot equivalent units) volume, a 5.4% growth compared with the previous year.
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