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Mooring Inspection Market - Global Forecast to 2020

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Rohna Patnakar
Mooring Inspection Market  - Global Forecast to 2020

The report "Mooring Inspection Market by Type (BWI, AWI), Technology (CVI, MPI, UT, Electromagnetic Detection, Mooring Line Dimension Measurement, Others), Region (APAC Latin America, North America, Middle East & Africa, Europe) - Global Forecast to 2020", The global mooring inspection market is projected to reach USD 362.5 Million by 2020, growing at a CAGR of 3.4%. The market is growing due to regulatory requirements and escalated awareness regarding the necessity of an inspection process in the oil & gas industry.

Browse 34 market data Tables and 31 Figures spread through 100 Pages and in-depth TOC on "Mooring Inspection Market by Type (BWI, AWI), Technology (CVI, MPI, UT, Electromagnetic Detection, Mooring Line Dimension Measurement, Others), Region (APAC Latin America, North America, Middle East & Africa, Europe) - Global Forecast to 2020"

Among all technology segment, the close visual inspection segment is the most popular and fastest-growing segment owing to its reliability in the inspection process. It is considered as the most reliable inspection technique and is commonly used in mooring inspection process. It can be used for both below and above water inspection. In below water inspection, both ROV and diver can perform CVI inspection for the detection of any degradation or failure in mooring systems.

The BWI segment accounted for the largest share of the mooring inspection market in 2014. BWI is the largest segment of the market owing to the higher inspection cost of BWI as compared to AWI; underwater inspection requires sophisticated equipment, diving experts, and risk-based assessment of mooring components.

Offshore industry relies on regular mooring inspection of mooring components for assuring the reliability of these systems, but the available technologies are not always reliable or suitable enough. Various techniques that are used for examining the mooring components by the offshore industry includes CVI, MPI, UT, and electromagnetic detection, among others.

Asia-Pacific held the largest share of the global mooring inspection market in 2014 and is expected to continue doing so during the forecast period. Southeast Asia dominated the Asia-Pacific mooring inspection market, in 2014. The market in Australia is projected to grow at the highest CAGR between 2015 & 2020 in Asia-Pacific.

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The major market players in mooring inspection market are Welaptega (Canada), Oceaneering International (U.S.), DeepOcean (Netherlands), Acteon Group (U.K.), Deep Sea Mooring (Norway), DOF Subsea (Norway), Moffatt & Nichol (U.S.), Delmar (U.S.), and other global players that are expanding their reach into the mooring inspection market considering the lucrative business opportunities. This market is mainly driven by some of the factors such as rising concerns towards increasing mooring safety and regulatory requirements driving scheduled inspection practices. Among the countries in the Middle East & Africa region, Angola, UAE, and Saudi Arabia are the largest prospects market for mooring inspection.

Read More Information At https://www.marketsandmarkets.com/PressReleases/mooring-inspection.asp

 

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