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.
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.
Browse full research report on Offshore Mooring Systems
Market: http://www.grandviewresearch.com/industry-analysis/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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
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
- U.S.
- Canada
- Mexico
- Europe
- UK
- Norway
- Asia
Pacific
- China
- Indonesia
- India
- Middle
East
- Saudi
Arabia
- UAE
- Africa
- Nigeria
- Angola
- Central
& South America
- Brazil
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-offshore-mooring-systems-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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