Press release
Global Mooring Systems Market Become Dominant At CAGR Of 3.64% By 2021
Mooring systems consist of connectors, risers, synthetic ropes, buoys, shackles, and anchors. These devices help in the anchorage of ships, platforms, and floating vessels across all water depths. A mooring anchor or line attaches the ship or vessel to the sea floor and is important for sub-sea oil and gas production facilities. Various synthetic fiber wires, ropes, and chains together are used for manufacturing mooring lines. Chains are mainly used for permanent moorings in shallow water up to 100 m, whereas steel wire ropes are used for water depths of more than 300 m. However, synthetic fiber ropes are lightest among all mooring system ropes.
Technavios analysts forecast the global mooring systems market to grow at a CAGR of 3.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mooring systems market for 2017-2021. To calculate the market size, the report considers the revenue generated by different mooring systems vendors through the sales of mooring systems devices to various applications which are FPSO, TLP, SPAR, and others. The others consist of FLNG and semi-submersible.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Mooring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Balltec
Delmar Systems
MODEC
Offspring International
SBM Offshore
Other prominent vendors
BW Offshore
Bluewater
Cavotec
Lamprell
Mampaey Offshore Industries
Timberland Equipment
National Oilwell Varco
Usha Martin
Market driver
Integration of mooring systems with IT and automation
For a full, detailed list, view our report
Market challenge
Reduction in crude oil prices
For a full, detailed list, view our report
Market trend
Surge in LNG trade worldwide
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market overview
Market size and forecast
Five forces analysis
PART 06: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
FPSO market size and forecast
TLP market size and forecast
SPAR market size and forecast
Others market size and forecast
Market opportunity by application
PART 07: REGIONAL LANDSCAPE
Geographical segmentation
APAC market size and forecast
EMEA market size and forecast
Americas market size and forecast
Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Rising importance of renewable energy
Rising use of efficient fleet management
Surge in LNG trade worldwide
PART 11: VENDOR ANALYSIS
Vendor overview
Competition scenario
Balltec
Delmar Systems
MODEC
Offspring International
SBM Offshore
Other prominent vendors
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