The increasing demand for renewable energy is supporting offshore crane adoption for the erection and construction of large wind turbines in offshore environment. The industry players are making huge investments in R&D activities to produce innovative and fuel-efficient offshore crane products to support their product portfolio and gain a competitive edge.
MARKET PLAYERS: HEILA Cranes S.p.a., Huisman Equipment B.V., Kenz Figee Group, Konecranes, Liebherr Group, Manitowoc Cranes, National Oilwell Varco, PLM Cranes B.V., Seatrax, Inc., Sormec
The growth of offshore renewable industry and expansion in offshore exploration and production activities are some of the major factors driving the growth of the offshore crane industry. Moreover, an increase in offshore spending is anticipated to boost the growth of the offshore crane industry.