Germany dredging hose market is estimated to grow at a CAGR of nearly 3.4% during the forecast period. Germany has the largest natural gas production capacity among EU5 economies. In 2018, Germany produced 4.8 Mtoe of total natural gas. However, oil and gas exploration in Germany is a small industry compared to top producer countries all across the globe, although German exploration and supplier companies do play an important role on the international level. Therefore, there is a significant demand for dredging by the oil & gas exploration companies. Along with this, the tidal Elbe estuary in northern Germany serves as one of the major sediment transport and management estuaries in the country. There were some of the new projects and developments announced in 2019-2020, regarding the exploration of dredging in Germany.
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For instance, in February 2020, Belgian-based dredging company, DEME Group has been awarded a contract as part of a joint venture to widen a 4 km stretch of Kiel Canal in Germany. Work was started in January 2020 and expected to end by 2023. The widening will significantly increase the efficiency of the waterway, which is important for international shipping. The work was commissioned by the Federal Waterways & Shipping Administration, represented by WSA Kiel-Holtenau. The contract has a total value of approximately $109.3 million. Further, in September 2019, The German Shipowners’ Association, Verband Deutscher Reeder (VDR), and the German Federal Chamber of Pilots, Bundeslotsenkammer (BLK), called for the urgent improvements to mobile network coverage in German coastal waters. The broadband infrastructure necessary for maritime digitization in the country’s coastal waters is still underdeveloped.
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Germany Dredging Hose Market Segmentation
By Type
- Floating Dredge Hose
- Non-Floating Dredge Hose
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
