New York, April 27, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Europe Hydrographic Survey Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Component and End User” – https: // www .reportlinker. com / p06064952 /? utm_source = GNW
Offshore projects play an important role in oil and gas production. They also contribute significantly to the revival of economic activity and employment. The operations of offshore projects are complex and subcontractors, engineers, equipment suppliers, and software and service providers play an important role in their establishment and start-up of their projects. The growth of the oil and gas industry is pushing the adoption of hydrographic surveys to its peak. To achieve the high levels of offshore oil and gas activities, various potential countries across Europe are investing heavily in this sector. Several large oil and gas companies across Europe are heavily adopting hydrographic survey tools to conduct various surveys. Hence, the increase in the number of oil and gas projects is increasing the demand for hydrographic surveying software, thereby boosting the hydrographic surveying market in Europe.
Russia, UK, France, Spain, Italy and Germany are among worst affected member states in Europe due to COVID-19 outbreak. faced with serious economic difficulties because they had to suspend their activities or considerably reduce their Activities.
Due to trade lockdowns, travel bans and supply chain disruptions, the region has experienced an economic downturn in 2020, and it is highly likely to continue until mid-2021. travel measures and restrictions to limit the spread of the novel coronavirus among its citizens.
European countries represent a major market for hydrographic surveys due to the increasing adoption and growth of maritime safety and the oil and gas industry. have experienced a sharp decline in European countries due to the discontinuation of projects.
These factors are expected to have a direct impact on the growth of the hydrographic surveying market in the European countries. The market in Russia, Italy, Germany, UK and France is expected to experience the worst impact until mid-2021.
On an end-user basis, the oil and gas segment dominated the hydrographic survey market in Europe in 2019, several countries in Europe are experiencing strong growth in the oil and gas sector due to the rise investments in this sector.
The oil and gas industry includes the study of pipeline route, hydropower, power, floating wind farm, floating solar power plants and drilling / exploration platforms. hydrographic data for construction, deployment and operation of seismic surveys, drilling wells and producing pipeline platforms and facilities with greater accuracy.
In this sector, hydrographic surveys are essential before the installation or decommissioning of offshore structures as well as before the deployment and structural inspection of subsea pipelines, wellheads and production platforms. The importance of hydrographic surveys in the oil and gas industry, as mentioned above, is expected to increase its demand in the coming years.
The overall size of the hydrographic surveying market in Europe has been calculated using primary and secondary sources To begin the research process, exhaustive secondary research was conducted using internal and external sources to gain insight qualitative and quantitative on the market.
The process also serves to get an overview and forecast for the hydrographic surveying market in Europe with respect to all segments belonging to the region.Moreover, several primary interviews were conducted with industry participants and commentators to validate the data, as well as to obtain more analytical information on the subject.
Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders specializing in the hydrographic surveying market in Europe. BeamworX BV, Esri, Eye4Software BV, HYPACK / Xylem Inc., IIC Technologies, Moga Software srl, Norcom Technology Limited, OceanWise Limited, Quality Positioning Services BV (QPS) and Teledyne Marine (Teledyne Technologies Incorporated) are among the players operating in the market.
Read the full report: https://www.reportlinker.com/p06064952/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.