Subsea Trencher Market Forecasts to 2028 – Global Analysis By Type (Jet Trenches, Mechanical Trenches, Chain Cutters and Other Types), Application (Oil and Gas, Renewable Energy, Telecommunications and Other Applications), Enduser and By Geography

Subsea Trencher Market Forecasts to 2028 – Global Analysis By Type (Jet Trenches, Mechanical Trenches, Chain Cutters and Other Types), Application (Oil and Gas, Renewable Energy, Telecommunications and Other Applications), Enduser and By Geography

According to Stratistics MRC, the Global Subsea Trencher Market is accounted for $298.86 million in 2022 and is expected to reach $458.67 million by 2028 growing at a CAGR of 7.4% during the forecast period. Subsea trenching is a specialized operation that involves excavating trenches on the seabed for various purposes, such as the installation, burial, and maintenance of subsea cables, pipelines, and other infrastructure. Subsea trenchers are specialized machines designed to perform trenching operations in underwater environments. They use cutting tools, mechanical arms, or jetting systems to excavate the seabed, create trenches, and lay or bury subsea cables and pipelines securely. Subsea trenching is a critical process for industries such as offshore oil and gas exploration, offshore renewable energy, telecommunications, and underwater infrastructure development.

Market Dynamics

Driver

Rising adoption of clean energy along with stringent emission norms

The global focus on reducing greenhouse gas emissions and transitioning towards renewable energy sources has led to a rapid expansion of offshore wind farms, subsea trenching for offshore wind farms offers significant environmental benefits compared to traditional fossil fuel-based energy sources. Offshore wind power is a renewable and clean energy alternative that produces minimal greenhouse gas emissions. By supporting the development of offshore wind farms through trenching operations, subsea trenchers contribute to reducing carbon emissions and combating climate change. The adoption of clean energy sources aligns with global sustainability goals and provides a positive outlook for the subsea trencher market.

Restraint

High initial and operating cost of equipment

Marine trenchers require complex technologies to perform at high underwater pressures and must exert huge effort to construct trenches. The difficult conditions necessitate more powerful and high-quality equipment. The trencher's need for frequent maintenance owing to poor operating circumstances raises its maintenance expenses. Furthermore, the demand for qualified operators raises the equipment's operational costs. As a result, the high cost of marine trenchers is a significant impediment to industry growth.

Opportunity

Growing offshore wind farms

Offshore wind farms are a rapidly growing sector within the renewable energy industry. Subsea trenchers are vital in creating safe and efficient pathways for these cables, ensuring reliable power transmission from offshore wind turbines to onshore grids. As the demand for offshore wind farms continues to rise, the need for subsea trenching services and specialized trenching equipment increases, presenting a significant opportunity for the subsea trencher market.

Threat

Regulatory and environmental constraints

Regulatory standards related to environmental protection, safety, and permitting processes can hinder subsea trenching operations. Compliance with these regulations is crucial for companies operating in the market. However, as regulations become stricter or more complex, it may require additional resources and expertise to meet the compliance requirements. Furthermore, public concerns regarding the potential environmental impacts of subsea trenching and offshore energy projects can lead to opposition and regulatory scrutiny which further limits the market growth.

Covid-19 Impact

The COVID-19 pandemic has had a negative impact on every industry. Businesses have experienced significant losses as a result of the enforcement of tight measures, such as countrywide lockdowns, to limit the virus's spread. As a result, the virus's spread has changed the demand for marine trenchers. Because the market is primarily reliant on offshore activities, the largest fall in the offshore oil and gas industry in a long time has had an impact on market investment. Due to excess supply and poor demand, major oil and gas corporations were obliged to temporarily halt offshore production activities, resulting in an increase in oil prices. This has had a direct influence on the need for subsea pipeline installations and has reduced the demand for subsea cable as well as the use of the equipment during this period.

The Jet trenchers segment is expected to be the largest during the forecast period

The jet trenchers segment is projected to witness the largest growth in the forecast period due to their powerful utilization of water jets to erode the seabed and create trenches. Moreover, ongoing advancements in jet trencher technology aim to enhance their performance and capabilities. These include improvements in cutting efficiency, automation, and integration with ROV or AUV systems. Furthermore, research and development efforts are focused on optimizing the trenching process and reducing power consumption, which could be a major contributor to this segment's growth.

The Pipeline burial segment is expected to have the highest CAGR during the forecast period

Due to their external protection factors such as marine traffic, fishing activities, natural hazards, and erosion, the pipeline burial segment is projected to have highest growth. The demand for pipeline burial services is driven by various factors, including offshore oil and gas exploration and production activities, offshore wind energy projects, and subsea infrastructure development. As these industries continue to expand, the need for efficient and reliable pipeline burial solutions increases, which will propell the market growth.

Region with largest share

In terms of largest share, the Europe region dominated the global market and it is anticipated that this dominance will last throughout the projected period. Europe has a well-developed offshore oil and gas industry. The ongoing maintenance and development of offshore fields in Europe contribute to the demand for subsea trenchers. Additionally, European countries have implemented favourable government policies and regulations to encourage renewable energy development and sustainable offshore operations. These policies, such as feed-in tariffs, green energy targets, and environmental regulations, drive the demand for subsea trenchers in the region.

Region with highest CAGR

During the forecast period, the Asia-Pacific region is expected to witness a rise in offshore oil and gas exploration and production activities. The growing offshore energy sector in the region presents opportunities for the subsea trencher market. Furthermore, as offshore oil and gas fields reach the end of their life cycles, decommissioning activities become necessary. Proper subsea trenching is crucial for decommissioning operations, including cutting and burying pipelines and removing infrastructure. With many aging offshore fields in the region, there is a growing demand for subsea trenchers for decommissioning purposes, which is propelling the market in the region.

Key players in the market

Some of the key players in Subsea Trencher market include Allseas Engineering Technologies Applications Ltd., Barth Hollanddrain , Company Service Swiss, DeepOcean, Delta Subsea LLC, Forum Energy Technologies, Global Offshore, Helix Energy Solutions Group, IKM Subsea, Jan De Nul, Mastenbroek Limited, Miah Inc., Modus Ltd., Oceaneering, Osbit , Royal IHC, SEA S.R.L., Seatools, Seatrench, Soil Machine Dynamics Ltd. and Trident Group

Key Developments

In September 2021, DeepOcean bagged a contract from Equinor to offer contingency equipment, including subsea trenchers, and additional services for handling high voltage subsea cables

In August 2021, SEAJET Systems signed a manufacturing partnership agreement with Soil Machine Dynamics (SMD) for subsea excavation and trenching technology. The partnership will see SMD exclusively build, test, and commission the fleet of CFE equipment in its production facility in Wallsend, Newcastle upon Tyne.

In February 2021, Seatools announced that it completed the delivery of a CT umbilical winch to its client Van Oord. The winch will provide power to Van Oord's new subsea trencher, which will be used for cable installation at an offshore wind farm.

Types Covered
• Jet Trenches
• Mechanical Trenches
• Chain Cutters
• Other Types

Applications Covered
• Oil and Gas
• Renewable Energy
• Telecommunications
• Other Applications

End Users Covered
• Pipeline Burial
• Cable Burial
• Umbilical Burial

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities,Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements Show more