Offshore Mooring Systems Market Research Report, By Type (Spread, SPM, Dynamic Positioning, Tendons), Anchorage (DEA, Suction Anchors, Vertical Load Anchors), Application (TLP, SPAR, FPSO, Drill Ships, and Others), and Region — Global Forecast till 2023
Market Synopsis: Global Offshore Mooring Systems Market
Mooring Systems support the anchorage of the ships or floating vessels and platforms across all sorts of water depths. The market of offshore mooring systems has seen a huge growth from the last few years. The factors which affect the market of offshore mooring systems are growth in oil and gas production and growing demand for energy. As the population is continuously growing mainly in the countries such as China and India, the demand of energy is also growing high, which lead the market of offshore mooring systems. Along with this, purchasing power of consumers are also increasing, which leads the high demand of transportation fuels. Demand for transportation fuels further boost the market of offshore mooring systems. However, lack of technological knowledge among the players may be a major challenge for the growth of the market.
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Global Offshore Mooring Systems Market: Regional Analysis
The global offshore mooring systems market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-pacific held the largest share in the offshore mooring systems market, followed by North America and Europe. This is attributed to the presence of high population in this region and growing the demand of energy and clean electricity. Hence, Asia-Pacific region has witnessed an overwhelming increase in the demand for offshore mooring systems market. China accounted for the largest market share in 2018 and India is anticipated to exhibit maximum growth over the forecast period. North America and Europe accounted for the second and third largest market, respectively, for offshore mooring systems and are expected to witness moderate growth over the forecast period. The Global offshore mooring systems market is expected to grow at a CAGR of 4.7% during the forecast period
The global offshore mooring systems market has been segmented on the basis of type, anchorage, and application. The type segment is classified into spread, SPM (Single Point Mooring), dynamic positioning, tendons, and others. The anchorage segment is classified into Drag Embedment Anchors (DEA), suction Anchors, vertical Load Anchors, driven pile, and others. The application segment is classified into Tension Leg Platform (TLP), semi-Submersible, SPAR, FPSO, drill Ships, and others.
On the basis of type, spread mooring systems accounted the largest share in 2017 and is expected to retain this position till 2023. These moors can be utilized in a various range of platforms such as mobile offshore drilling units (MODU).
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On the basis of anchorage, the market is segmented into Drag Embedment Anchors (DEA), suction anchors, vertical load anchors, driven pile, and others. The suction anchors segment accounted for the largest market share in 2017 and is also projected to experience maximum growth from 2018 to 2023. This is attributed to its cost-effective and more safely nature.
Key players operating in the global offshore mooring systems 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).
The global offshore mooring systems market is highly competitive with many companies, across the globe. The companies adopted various strategies to expand their global presence and increase their foothold in the overal market. Some of the key strategies adopted by the companies include expansions & investments, acquisitions, and new product developments.
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Abstract: Offshore Mooring Systems report focuses on volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Offshore Mooring Systems market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.Offshore Mooring Systems market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/31160/global-offshore-mooring-systems-2019-836 The following manufacturers Of Offshore Mooring Systems are covered: SBM OffshoreBW OffshoreDelmar SystemsMampaey Offshore IndustriesModecGrup Servicii PetroliereNational Oilwell VarcoTrellborgBluewater HoldingCargotec CorporationTimberland EquipmentUsha Martin LimitedVolkerwesselsGet the Complete Report @ https://www.24chemicalresearch.com/reports/31160/global-offshore-mooring-systems-2019-836Offshore Mooring Systems Segment by Regions North AmericaEuropeChinaJapanOffshore Mooring Systems Segment by Type SPM Mooring SystemsSMS Mooring SystemsTM Mooring SystemsDP Mooring SystemsOffshore Mooring Systems Segment by Application Floating Production Storage & Offloading (FPSO)Tension Leg Platform (TLP)SPARSemi-SubmersibleFloating Liquefied Natural Gas (FLNG) Get more information from Table of Content@ https://www.24chemicalresearch.com/reports/31160/global-offshore-mooring-systems-2019-836#tocCONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 8329744015Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
The global offshore mooring systems market size is expected to reach USD 2.66 Billion by 2028 and register a CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data.
Rising demand for energy globally and maturity of a number of onshore gas and oilfields has resulted in increased offshore field exploration activities, which are major factors driving market revenue growth.
Rapidly increasing global population and rising demand for energy are major factors expected to continue to drive market growth over the forecast period.Get Free Sample of this report : https://www.reportsanddata.com/sample-enquiry-form/4090Mooring systems are composed of mooring lines, anchors, wires, and chains and provide anchorage to ships, floating vessels, and platforms over water.
Rapid depletion of onshore oil and gas reserves has result in increasing investment in FLNG, FPSO, and SPAR among others for expanding offshore exploration activities.
Some Key Highlights From the Report:Spread mooring type segment is expected to register significant growth rate over the forecast period due to its use in any water depth, on vessels of different sizes, and in applications that necessitate high service life and quality.
Growth can also be attributed to its increasing use in unidirectional environment on floating offshore platforms that can endure severe environmental factors.Major companies operating in the market include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, ScanaIndustrier ASA, Delmar Systems, Inc., Sofec, Moorsure Mooring Systems Solutions Pty Ltd, and Blue Water Energy, among others.In March 2021, Jebb Smith Ltd. formed Oasis Marine Power as a subsidiary to build on company’s expertise in marine mooring systems.
The global offshore mooring systems market size is expected to reach USD 2.66 Billion by 2028 and register a CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data.
Rapidly increasing global population and rising demand for energy are major factors expected to continue to drive market growth over the forecast period.Mooring systems are composed of mooring lines, anchors, wires, and chains and provide anchorage to ships, floating vessels, and platforms over water.
Rapid depletion of onshore oil and gas reserves has result in increasing investment in FLNG, FPSO, and SPAR among others for expanding offshore exploration activities.
Mooring lines or anchors attach the ship or floating structure to sea floor and is imperative in subsea production facilities.
Increasing investment in Floating Liquefied Natural Gas (FLNG), Floating Production Storage Offloading (FPSO), and Single Point Anchor Reservoir (SPAR) among others, for expanding offshore exploration activities has been increasing significantly due to rapid depletion of onshore oil and gas reserves.
Increasing number of mature onshore oil and gas fields have also been boosting offshore exploration and production, and this is expected to fuel revenue growth of the market over the forecast period.Request A Free Sample Of Offshore Mooring Systems Market Report : https://www.reportsanddata.com/sample-enquiry-form/4090Some Key Highlights From the Report:Spread mooring type segment is expected to register significant growth rate over the forecast period due to its use in any water depth, on vessels of different sizes, and in applications that necessitate high service life and quality.
