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Share this article Share this article NEW YORK, Jan. 19, 2021 /PRNewswire/ Despite sluggish returns in 2020 due to unprecedented COVID-19 outbreak, the global dredging market is expected to report 3.3% YOY growth in 2021, a significant improvement over 3.5% y-o-y exhibited in 2020, finds Fact MR in a new study. The overall growth outlook remains positive, especially as applications in trade activity, maintenance, and urban development among others continue to rise. The market will vastly gain with demand in government sector rising. Fact MR in a new study has forecast government to account for over 43% of overall share through 2031. Besides this, demand in the oil and gas industry will continue rising through the course of the report s forecast period. According to the Oil 2020- Analysis , published in March 2020 by the International Energy Agency (IEA), the global oil production capacity is expected to rise by 5.9 mb/d through 2025. It was also stated in the report that suppl

United arab emiratesUnited statesSouth koreaRockville pikeUs sales officeCorporation of indiaNational marine dredging coGreat lakes dredge dock corporationHyundai engineering construction co ltdChina harbour engineering companyNon organization of the petroleum exporting countriesGreat lakes dredge dock coJan de nul groupPenta ocean construction co ltdInternational energy agencyNon organization