Offshore Mooring Systems Market Projected To Grow by 2025
The global
offshore mooring systems market is anticipated to witness sustainable
growth during the forecast period. Rapid technological advancements, demand
& supply scenario of crude oil, growing population, and rise in per capita
energy usage are some of the factors which is anticipated to boost the market
of global offshore mooring systems. However, stringent government regulations,
mainly on inspection & maintenance of mooring system, design of mooring
system, on its operations and lack of technological knowledge among the
players, hinder the growth of the offshore mooring systems market.
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Asia-Pacific
region, to see a gradual increase in the offshore mooring systems market over the
forecast period
Based on
region, the global offshore mooring systems market has been segmented into
North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific
region dominated the global market, followed by North America, primarily due to
the increasing the demand of energy and growing populations, which has led to
the demand for offshore mooring systems market. Asia-Pacific is projected to be
the most lucrative region with presence of various industry players in offshore
mooring systems. Furthermore, Several projects have been initiated in the
region for enegry and electricity, which is anticipated to boost the market
growth.
Spread mooring
systems segment, to witness maximum growth rate in the overall offshore mooring
systems market
Based on type,
the Spread mooring systems segment is expected to exhibit maximum growth rate
from 2018 to 2023, as this is the most common used moors, utilising in the
various range of platfom.
Suction
Anchors segment, to occupy larger market share in the overall offshore mooring
systems market
Suction
anchors segment held largest market share in 2017, which is expected to retain
this position till 2023. Suction anchors are safer in the comparison of others
and cost-effective in nature.
FPSO segment,
to occupy larger market share in the overall offshore mooring systems market
FPSO segment
held largest market share in 2017, which is expected to retain this position
till 2023, owing to the growing investments for deep-water drilling activities
from operators and increase in demand for global energy.
Scope of the
Report
This study
provides an overview of the global offshore mooring systems market, tracking
two market segments across four geographic regions. The report studies key
players, providing a five-year annual trend analysis that highlights market
size, volume and share for North America, Europe, Asia-Pacific and the rest of
the world (ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study
segments the global offshore mooring systems market by type, by anchorage, by
application, and by region.
By Type
- Spread
- SPM (Single Point Mooring)
- Dynamic Positioning
- Tendons
- Others
By Anchorage
- Drag Embedment Anchors (DEA)
- Suction Anchors
- Vertical Load Anchors
- Driven pile
- Others
By Application
- Tension Leg Platform (TLP)
- Semi-Submersible
- SPAR
- FPSO
- Drill Ships
- Others
Key Players
The prominent
players in the global offshore mooring systems are includes DELMAR SYSTEMS
INC (US), SBM Offshore (Netherlands), MODEC, Inc. (Japan), Offspring
International Limited (UK), Mampaey Offshore Industries B.V. (Netherlands),
Balltec Ltd. (UK), BW Offshore (Norway), Bluewater (Netherlands), Trelleborg
Marine Systems (UAE), and Timberland Equipment Limited (Canada).
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