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Offshore Support Vessel Market to reach revenue of US$ 26.7 Bn by 2033 expand at 7.2% CAGR

02-06-2023 04:37 PM CET | Logistics & Transport

Press release from: Persistence Market Research Pvt. Ltd

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Offshore Support Vessel Market

Offshore Support Vessel Market

Offshore Support Vessel Market

The global offshore support vessel market will be valued at close to US$ 13.3 Bn. Demand for offshore support vessel is slated to expand at 7.2% CAGR to reach a market revenue of US$ 26.7 Bn by 2033. Growing Seaborne Trade, growth in the ship building industry and increased offshore oil and gas exploration activities are key trends being observed in the market.

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Offshore support vessels are used to provide logistical services for offshore oil and gas operations, as well as for transportation and installation of offshore structures. These vessels also help to maintain safety standards during offshore operations.

Offshore support vessels play a vital role in facilitating efficient resource utilization and operational efficiency in the oil and gas industry. These vessels have become increasingly sophisticated over time, due to technological advancements in vessel design, manufacturing, navigation and communication systems, propulsion systems, automation systems, maintenance practices and other areas. This has enabled operators to develop specialized Offshore Support Vessels that are able to fulfill their mission requirements more efficiently and cost-effectively than ever before.

The Offshore Support Vessel Market is expected to witness further growth over the coming years on account of increasing demand from the Offshore Drilling & Production sector. Offshore production activities are estimated to increase significantly over the forecast period due to rising demand for deepwater drilling & production activities as well as exploration activities across geographies such as Asia-Pacific & North Sea regions. Moreover, there is growing demand for Offshore Support Vessels from subsea construction activities such as pipe laying and cable laying among others which is further expected to bolster the Offshore Support Vessel Market growth in upcoming years.

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Key Market Segments Covered

By Vessel Type

• Platform Supply Vessel (PSV)
• Multirole field & ROV Supply Vessel (MRSV)
• Offshore Subsea Construction Vessel (OSCV)
• Anchor Handling Tig Supply Vessel (AHTS)
• Emergency Response and Rescue Vessel (ERRSV)
• Chase & Seismic Vessel
• Standby Crew Vessels
• Others

By Service Type

• Financial Services
o Chartering & Brokerage
o Consulting
• Technical Services
o Repair & Maintenance
o Technical Support
• Inspection & Survey
• Building & Design
• Crew Management
o Manpower Supply
o Training & Support
• Logistic & Cargo Management
• Anchor Handling towage & offshore positioning
• Seismic Support
• Assistance, Salvage & Pollution Remediation
• Subsea Services

By End Use Industry

• Offshore Oil & Gas
• Military
• Civil & Commercial
• Offshore Wind
• Others

Complete Report Details@https://www.persistencemarketresearch.com/market-research/offshore-support-vessel-market.asp

Key Companies- 

• BOURBON Corporation
• A.P. Møller - Mærsk A/S
• Falcon Energy Group
• Delta marine Industries Inc
• Swire Pacific Limited
• Edison ChouestOffshore(Offshore Service Vessels L.L.C. )
• Greatship (India) Limited
• VroonOffshore Services PteLtd
• Vallianz Holdings. Limited
• Bumi Armada Berhad
• SolstadFarstad ASA
• Seacor Holdings Inc.
• GulfMarkOffshore, Inc
• Tidewater Inc
• Pacific Radiance Ltd
• Hornbeck
• M3 Marine Group Pte. Ltd and more

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