The increasing demand for oil and gas coupled with continued deep-water development activities, declining onshore production, reduced operating costs, and increasing viability of offshore projects are the significant factors driving the demand for the global offshore construction market.
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The continued exploration activity coupled with growing environmental concerns, stringent government regulations, and rising groundwater contamination is some of the significant factors that are driving the demand for the drilling waste management market. The report also addresses present and future market opportunities, market trends, developments, important commercial developments, regions, and segments poised for the fastest-growth, competitive landscape, and impact of Covid-19 on the market.
The COVID-19 pandemic has slowed battery supply chains as most of the battery cells are manufactured in China, thereby highlighting the overwhelming dependence on China and the associated supply chain risks. This has spurred interest among various stakeholders for localization/regionalization of supply chains in the US and EU regions to mitigate the supply chain risks.