close

Enter

Log in using OpenID

Port Infrastructure Market

embed
Port Infrastructure Market report categorizes global market on the basis of infrastructure project, and facility type - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
Port Infrastructure Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
2018–2026
Globalization has led to increased emphasis on international trade activities that has
in turn led to substantial increase in spending for the development of transport
facilities that include roads, railways, waterways, and airports. Among these, port
infrastructure market is projected to witness highest gains through the forecast
period (2017-2025), primarily owing to increasing proliferation of sea trade and major
investments in infrastructural development in emerging economies of Asia Pacific
and Middle East.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/638
Energy and container ports construction are expected to attract large demands
though the forecast period
International trade was largely influenced by exponential rise in demand for container
shipping, over the last 50 years, specifically owing to the streamlining of processes
and reduction in costs achieved through standardized container shipments. This has
led to unprecedented investment in construction of container hubs and upgrading of
containerized cargo. Moreover, large scale projects for fuel handling, such as
Saldanha Bay (South Africa) and new oil terminals in Mombasa (Kenya), are
expected to find large demands with focus on specific fuel handling that includes oil,
gas or coal. According to International Energy Outlook, by U.S. Department of
Energy, global consumption of natural gas is projected to reach 203 trillion cubic feet
(tcf) by 2040, an increase of around 70% in comparison to 2012 stats. Growing
requirement for fuels, prominently in emerging economies such as China, India,
Mexico and Indonesia, will provide solid growth platform through the forecast period.
Effective waste management is a major challenge for players in the port
infrastructure market
Vibrations and noise generated by cargo operations has an adverse effect on the
people and the flora and fauna in the vicinity. Moreover, large volumes of waste are
generated that include dredged materials, oily mixtures and garbage discharged
from ships, and other solid and liquid wastes. These usually end up disposed of in
the nearby area or sea, in turn polluting the environment. Requirement to reduce the
environment impacts have led to several initiatives such as Clean Air Act Advisory
Committee in the U.S. and Port of the Future agenda by European Commission.
Growing concerns regarding the environmental impacts and requirement to set up
efficient waste management is expected to present major growth challenge.
Construction of these facilities requires large space and workforce to build and
manage smooth operations. This in turn leads to Socio cultural impacts that include
village relocation and formation of slums in the vicinity that can negatively impact the
growth prospects. However, owing to these factors, Greenfield project development
will draw considerable attraction for port infrastructure market owing to lack of
imposed constraints prior to projects. The concept elucidates construction on unused
lands, to reduce the expenses on remodeling and demolishing of an existing
structure.
Geopolitical issues existing in South Asia is projected to drive the port
infrastructure market
Major economies in South Asia such as China, Japan, and India are increasingly
investing in facilities to increase their influence in the Indian Ocean and gain access
to resources and potential high growth markets in Middle East and Central Asia. For
instance, development program of Sagar Mala project in India and deep sea Angola
port in China will present potential growth platform for port infrastructure market in
the region. However, presence of outdated and frequently congested docks in
countries such as India, Pakistan, Myanmar, and Bangladesh has in turn led to
increased trade activities in advanced shipping facilities of China and Japan.
Increasing competition among countries with large coastlines, especially in Asia
Pacific, to establish regional superiority is expected to create a highly lucrative
growth environment for the global port infrastructure market.
Improving economic conditions in Latin America will help the participants gain
strong foothold in the industry
According to Port Technology International journal in November 2014, an estimated
total of US$ 28.7 billion investment were to be made in Brazil, Peru, Chile, and
Colombia for port infrastructure market. Growing investments in Latin America to
improve transportation, strengthen the commodity exports and fulfill the local
consumer demands will present significant growth opportunity over the forecast
period. The region is characterized by the presence of 92 anchorages and 15
terminals, a significant number of which need to be upgraded. This creates a high
growth prospect for the port infrastructure market in the region.
Majority of the big-budget construction projects are lined up by the Gulf Cooperation
Council (GCC) for annexation of shipping activities in the region. For instance,
Fujairah Oil Terminal, Khalifa Port and Industrial Zone (Abu Dhabi), Boubyan Island
(Kuwait), and Sohar Industrial Port (Oman) are few of the major projects. GCC is
likely to remain the key focus of port infrastructure market.
Some of contracting companies include ACS Group, Hyundai Engineering,
Consolidated Engineering Construction Co, Bechtel, and Danube Ports Network
Company. Along with the large number contracting players, industry competition is
also characterized by the equipment manufacturers. Some of them include OAO
Baltkran, Cargotech, C.V.S. SpA, Demag Cranes, Fantuzzi and Liebherr.
For More Information:
https://tinyurl.com/y97hluev
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email​: [email protected]
Author
apeksha motghare
apeksha motghare455   documents Email
Document
Category
Uncategorized
Views
6
File Size
77 KB
Tags
port
1/--pages
Report inappropriate content