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China Ocean Engineering Equipment Industry

  • Date Submitted: 08/24/2016 01:22 AM
  • Flesch-Kincaid Score: 36 
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Aug, 24, 2016, Mumbai, India: Market Reports on China presents the report, on “China Ocean Engineering Equipment Industry Overview, 2016-2020”. The ocean engineering equipment industry is long in chain and wide in range.

The output volume of ocean petroleum accounts for over one third in the globe while that accounts for 85% in China. The output volume of crude oil and natural gas increased to 214.56 million tons and 134.61 billion cubic meters respectively with an increasing absolute value by the end of 2015 compared to that of 2011, and increased by 1.48% and 3.42% respectively compared to that of 2014. The ocean engineering equipment industry is increasing in importance as a platform and tool to obtain maritime resources. "http://www.marketreportsonchina.com/industry-mfg-market-research-reports-23136/china-ocean-engineering-equipment-industry.html"

The ocean engineering equipment is usually classified internationally into three types including offshore oil & gas development equipment, other maritime resource development equipment and maritime floating body structure. Meanwhile, offshore oil & gas development equipment is the major part including various drilling platforms, production platforms, oil storage ships, offloading vessels, floating cranes and diving boats.

It includes drilling platforms, production devices and ocean engineering auxiliary vessels with a respective market share of 45%, 20% and 35% in the equipment manufacturing industry.

The ocean engineering equipment industry is long in chain and wide in range. The R&D and design as well as the supply of raw materials are in the upstream, while the equipment manufacturing is at the core and petroleum drilling together with production is in the downstream mainly providing surveying, drilling, production and other services for oil companies. Enterprises in developed countries possess unique advantages in R&D and design while those in China possess advantages in manufacturing.

The ocean...

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