The latest Offshore Mooring Systems Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Offshore Mooring Systems Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Offshore mooring is the system that offers a temporary or permanent berth framework for ships or floating platforms in offshore fields. Mooring systems are used in floating structures such as dry docks, bridges, piers, and oil drilling and production facilities. Mooring systems enable the movement of platforms, floating objects, and ships over water and offer much-needed anchorage. The mooring system’s strength is decided by the anchors. Anchors, steel or synthetic materials, shackles, mooring lines, cables, and chains comprise the mooring system. The components and equipment to be used in a certain mooring system are determined by environmental factors and the type of vessel, such as drifting forces/wave swell, wind, and current forces. The key factors driving the market growth are rising expansion of oil and gas exploration and production from the offshore fields and growing technological advancements in the field of mooring systems.
The rising oil and gas production is anticipated to influence the rapid expansion of oil and gas exploration and production from offshore fields that are anticipated to support the market growth. According to the IOGP’s new Global Production Report, oil consumption was 30% higher in 2018 than it was in 2000, while natural gas demand rose by 60% during the same period. Also, according to the International Energy Agency’s (IEA) publication “Oil 2020- Analysis,” global oil production capacity is expected to exceed 5.9 million barrels per day by 2025. Additionally, the discoveries of oil & gas fields in the African and Asia-Pacific regions are anticipated to create a lucrative opportunity for the market during the forecast period. However, the fluctuation in oil prices and high costs associated with deep water projects stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Offshore Mooring Systems Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, owing to the increasing investment towards oil & gas exploration and production and reducing dependence on imports is projected to fuel the market’s growth in the region. Whereas, Europe is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as increasing demand in industries such as renewable energy, subsea exploration, and petroleum which would create lucrative growth prospects for the Offshore Mooring Systems market across Europe region.
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Major market players included in this report are:
SBM Offshore NV
Intermoor, Inc,
BW Offshore Ltd
FMC Technologies Inc
Trelleborg Marine Systems
Mooring Systems Inc
Mampaey Offshore Industries BV
Timberland Equipment Ltd
Delmar Systems
Viking Sea Tech
Recent Developments in the Market:
In Jan. 2019, TechnipFMC granted Lankhorst Offshore an agreement to provide mooring systems for Energean Power FPSO that would be working in Karish and Tanin Gas Fields.
In Nov. 2021, CNOOC Energy Technology & Services and Blue Water Energy Services have an agreement in place. This arrangement was made in order to engineer, purchase, and build turret mooring systems, including a brand-new mooring system for an FPSO that would be located off the coast of China. As a result, the company’s presence in the Asia-Pacific area has expanded.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product Type:
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning
Tendons & Tension Mooring
By Anchorage:
Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors
Driven pile
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By Application:
Tension Leg Platforms
Semi-Submersible Platforms
SPAR Platforms
FPSO
Drill Ships
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Offshore Mooring Systems Market Report:
- What is the projected size of the global Offshore Mooring Systems market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Offshore Mooring Systems industry?
- What are the major market trends that are affecting the expansion of the Offshore Mooring Systems market?
- What obstacles must be overcome in order to achieve sustained growth in the Offshore Mooring Systems market?
- What opportunities and threats do vendors in the global Offshore Mooring Systems market face?
- What are the raw materials and manufacturing equipment used in the production of Offshore Mooring Systems, and what is the manufacturing process?
- What are the different types and applications of Offshore Mooring Systems, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Offshore Mooring Systems market?
- What factors are driving the growth of the Offshore Mooring Systems market in the top regions worldwide?
- Who are the major players in the global Offshore Mooring Systems market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Offshore Mooring Systems market?
- What are the main findings of a five forces analysis of the global Offshore Mooring Systems market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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