The global offshore mooring systems market is expected to reach USD 1.32
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing oil and gas production and exploration from the offshore fields
rather than the onshore and the rising development of shale drilling regions
for sustainable growth in future is expected to drive the demand for offshore
mooring market.
U.S. offshore mooring systems market revenue by type, 2014 - 2025 (USD Million) |
Innovation of new technologies for development of new systems in order to
cater to the increasing complexity of offshore platforms along with maximum
cost cutting is the major trend in the industry. The industry players are
focusing on developing driverless latching systems in order to increase safety
level during operations.
Spread systems were the largest product type while accounting for over
32% market revenue in 2016. These systems are majorly utilized in a wide range
of applications such as mobile offshore drilling units (MODU) to the ships with
catenary type being the major product category.
Single buoy moors consist of a loading/floating substance anchored
offshore, which serves as an anchorage point and an interconnection for tankers
stocking or offloading oil or gas or any other liquid products. The segment is
anticipated to witness the fastest growth over the next eight years at a CAGR
of 2.6% from 2016 to 2025.
In depth research report on Offshore Mooring
Systems Market
Further key findings from the report suggest:
·
Tension leg
platform (TLP) dominated the global offshore mooring systems industry and was
valued at over USD 350.0 million in 2015
·
The drag
embedment anchors (DEA) are anticipated to witness the highest growth, growing
at a CAGR of over 2.6% from 2016 to 2025
·
North America
market is projected to witness a steady growth rate over the forecast period
and is estimated to generate revenue exceeding USD 320 million by 2025
·
The U.S.
dominated the North America market with a market share of 81.4% in 2015, and
anticipated to observe the fastest growth in the region over the forecast
period
·
The offshore
mooring demand for FPSO in the U.S. is projected to grow at a high CAGR of 1.9%
over the forecast period
·
Middle East is
anticipated to emerge as the fastest growing regional market with a CAGR of
3.1% from 2016 to 2025, in spite of challenges faced in deep-water drilling
worldwide. Key players including BP and Total are investing in the region and
have become the leading stakeholders.
·
Some of the
major prominent equipment suppliers to mooring service providers include
Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring
Systems, Rigzone Mooring Systems, Fossen Shipping, and Scana Industrier ASA
For the purpose of this report, Grand View Research has segmented the
global offshore mooring systems market on the basis of product, end-use and
region:
Offshore Mooring Product Type Outlook (USD
Million, 2014 - 2025)
·
Spread Mooring
·
Single Point
Mooring (SPM)
·
Dynamic
Positioning
·
Tendons &
Tension Mooring
·
Others
Offshore Mooring Anchorage Outlook (USD
Million, 2014 - 2025)
·
Drag Embedment
Anchors
·
Suction
Anchors
·
Vertical Load
Anchors
·
Driven pile
·
Others
Offshore Mooring Application Outlook (USD
Million, 2014 - 2025)
·
Tension Leg
Platforms
·
Semi-Submersible
Platforms
·
SPAR Platforms
·
FPSO
·
Drill Ships
·
Others
Offshore Mooring Regional Outlook (USD
Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Norway
·
Asia Pacific
o
China
o
Indonesia
o
India
·
Middle East
o
Saudi Arabia
o
UAE
·
Africa
o
Nigeria
o
Angola
·
Central &
South America
o
Brazil
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed business
decisions, the company offers market intelligence studies ensuring relevant and
fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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