Increasing oil and gas production, growing demand for energy globally, and increasing purchasing power of consumers are key factors driving the growth of the market
NEW YORK, NY, UNITED STATES, Dec. 31, 2021 /EINPresswire.com/ – Global Offshore Mooring Systems Market Size Expected to Reach $ 2.66 Billion by 2028, Registering a CAGR of 4.1% over the forecast period, according to the latest Reports and Data report. Growing demand for energy globally and the maturity of a number of onshore oil and gas fields have led to an increase in offshore field exploration activities, which are major drivers of market revenue growth. The rapid growth of the world population and the increasing demand for energy are major factors which are expected to continue to drive the market growth during the forecast period.
Mooring systems are made up of mooring lines, anchors, cables and chains and provide anchorage to ships, floating vessels and platforms above water. The rapid depletion of onshore oil and gas reserves has resulted in increased investment in FLNG, FPSO and SPAR, among others, to expand offshore exploration activities. This is expected to fuel the market revenue growth over the forecast period. Mooring systems depend mainly on the strength of the anchors. Mooring lines or anchors tie the vessel or floating structure to the seabed and are imperative in subsea production facilities. Increasing investments in Floating Liquefied Natural Gas (FLNG), Floating Production Offloading (FPSO) and Single Point Anchor Reservoir (SPAR), among others, for the expansion of offshore exploration activities has increased dramatically due to the rapid depletion of onshore oil and gas reserves. The increasing number of mature onshore oil and gas fields has also boosted offshore exploration and production, which is expected to fuel the market revenue growth during the forecast period.
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Major companies operating in the market include Offspring International, Mampaey Offshore Industries BV, 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.
However, the lack of technical expertise and the shortage of skilled manpower are key factors which are expected to restrain the growth of the market to some extent during the forecast period. The high initial investments to produce new mooring systems and for exploration and production activities are also expected to hamper the market growth to a large extent in the future.
Some highlights of the report:
â¢ The extended mooring type segment is expected to register a significant growth rate during the forecast period due to its use at any water depth, on vessels of various sizes and in applications requiring length of service. high life and quality. The growth can also be attributed to its increasing use in a one-way environment on floating offshore platforms which can withstand severe environmental factors.
â¢ FPSO segment is expected to account for the largest revenue share in the global market during the forecast period. The growth can be attributed to several advantages of FPSOs such as storage, fast unloading and high profitability compared to other permanent platforms.
â¢ Vertical Load Anchors segment revenue is expected to increase significantly over the forecast period due to their increased ability to withstand horizontal and vertical mooring forces. This feature is similar to the DEA, but the vertical load anchors penetrate deeper. These anchors are also used on most offshore drilling rigs which is expected to drive the growth of the segment during the forecast period.
â¢ Asia-Pacific is expected to account for nearly 30% of the global market revenue during the forecast period, owing to increased offshore exploration and production activity in the South China Sea and growing demand. of FPSOs from countries like Australia, Indonesia and China.
â¢ In March 2021, Jebb Smith Ltd. created Oasis Marine Power as a subsidiary to build on the company’s expertise in marine mooring systems. Oasis Marine Power is expected to launch Oasis Power Buoy, a mooring buoy with power supply for installation in offshore wind farms.
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For the purpose of this report, Reports and Data has segmented the global offshore mooring systems market on the basis of type, application, anchorage, and region:
Type Outlook (Revenue, Billions USD; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Anchorage Outlook (Revenue, USD Billion; 2018-2028)
Drag anchor anchors
Vertical load anchors
Regional Outlook (Revenue, USD Billion; 2018-2028)
The rest of europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of the MEA
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key questions this report answers:
â¢ How will the market for offshore mooring systems grow?
â¢ What are the main parameters determining the size of the global offshore mooring systems market?
â¢ Who are the major manufacturers of the offshore mooring systems market?
â¢ What are the key opportunities, risk elements, and industry overview of the global Offshore Mooring Systems Market?
â¢ Who are the distributors and traders of the Offshore Mooring Systems market?
â¢ What are the threats facing players in the global offshore mooring systems market?
Chapter 1. Methodology and scope
1.1. Research methodology
1.2. Scope of research and hypotheses
1.3. List of data sources
Chapter 2. Executive summary
2.1. Market Snapshot
Chapter 3. Outlook of the Offshore Mooring Industry
3.1. Market segmentation
3.2. Market size and growth outlook, 2018 – 2028
3.3. Value chain analysis
3.4. Technological framework
3.5. Regulatory scenario
3.6. Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Analysis of market constraints
3.7. Prioritized key opportunities
3.8. Industry Analysis – Porter ‘s
3.9. PESTEL analysis, 2015
Chapter 4. Offshore Mooring Systems: Product Type Outlook
4.1. Global Offshore Mooring Systems Market Share by Product Type, 2021 and 2028
4.2. Global Offshore Mooring Systems Market Estimates and Forecasts by Product Type, 2018-2028
4.3. Extended mooring
4.3.1. Market estimates and forecasts by region, 2018 – 2028 (USD Billion)
4.4. Single point mooring
4.4.1. Market estimates and forecasts by region, 2018 – 2028 (USD Billion)
4.5. Dynamic positioning
4.5.1. Market estimates and forecasts by region, 2018 – 2028 (USD Billion)
4.6. Tendons and tension anchoring
4.6.1. Market estimates and forecasts by region, 2018 – 2028 (USD Billion)
4.7.1. Market estimates and forecasts by region, 2018 – 2028 (USD billion) Continue â¦â¦.
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