Offshore Mooring Market to Reach $1,408 Million, Brief Analysis on Top Key players Viking Sea Tech, Intermoor, Inc., Baltec Systems Pvt. Ltd., Delmar Systems, KTL Offshore Pte Ltd., MODEC, Inc., Mampaey Offshore Industries B.V., Mooring Systems Inc., SBM
The offshore mooring market is expected to witness significant growth over next six years, owing to increased demand for energy due to extensive subsea exploration and production. The other factors driving the offshore mooring market are maturity of onshore oil & gas fields, rise in offshore field exploration, emergence of FPSO technology, growing importance of new clean electricity, and heavy investments from the Middle East and Latin America to develop infrastructure. However, factors such as high initial CAPEX and harsh deep sea environmental conditions hamper the growth of the market.
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The report segments the world offshore mooring market on the basis of application, anchorage, mooring type, and geography. By application, the market is subsegmented into floating production storage & offloading (FPSO) vessels, floating drilling production storage & offloading (FDPSO) vessels, floating liquefied natural gas (FLNG) vessels, tension leg platform (TLP), SPAR platforms, semi-submersibles, and others (conductor support systems, fixed platform and compliant towers). Based on anchor, the market is divided into drag embedment anchors, suction anchors, and vertical load anchors. On the basis of mooring type segment, the market is subsegmented into catenary mooring, taut leg mooring, semi-taut mooring, spread mooring, single point mooring, and dynamic positioning mooring system. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The Asia-Pacific region accounted for the largest share in the global market, while the European region is expected to account for the second largest share due to increasing investments in ports as well as increasing innovations in offshore mooring technologies.
The key players operating in the global offshore mooring market have focused on acquiring local players to strengthen their market outreach and expand their customer base. The prominent players profiled in the report are Viking Sea Tech, Intermoor, Inc., Baltec Systems Pvt. Ltd., Delmar Systems, KTL Offshore Pte Ltd., MODEC, Inc., Mampaey Offshore Industries B.V., Mooring Systems Inc., SBM Offshore N.V., and BW Offshore Ltd.
Offshore Mooring Market Key Benefits
• This report provides an extensive analysis of the current and emerging market trends and future estimations in the offshore mooring market
• This study aims to identify prevalent market opportunities and the competitive environment across the geographies.
• Comprehensive analysis of factors that drive and restrict the growth of the offshore mooring market is provided
• This report entails the detailed quantitative analysis of current market and estimations through 2016-2022, that assist in identifying the prevailing market opportunities to capitalize on the global offshore mooring market.
• Comprehensive analysis on factors that are driving and restraining growth of global offshore mooring market is included.
A mooring system comprises mooring line, anchor, and connectors, which are installed on the vessels to facilitate the station keeping away from the floatation platforms. The emergence of this technology has addressed the need for floating production storage & offloading (FPSOs) and production facilities in deep-water and ultra-deep-water projects. It has outpaced the conventional technology of temporary anchors by use of synthetic mud ropes, which have now become a standard in oil & gas industry. Mooring system manufacturers stress variation of mooring systems’ size, as well as functionality to cater to different segments, trends, and market needs. Since, the demand for energy is driven by increasing population and purchasing power of individuals in developing economies, it is anticipated to increase at a significant rate over the forecast period. These strategies stretch beyond only the renewability aspect and emphasize a differentiated offer to satisfy varying functional and sustainability performance needs in different market segments.
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Strategic practice among the world’s largest multinational mooring enterprises interprets into a trend that they tend to adopt a regional, rather than a global, approach to product offering. The important interplay between corporate standards and local conditions is emphasized not only in products but also adopted business models essential to be successful in emerging markets.
Geographically, the Asia-Pacific offshore mooring market presents promising opportunities for mooring system manufacturers as there exists a high rate of onshore oil and gas fields, owing to the rise in disposable income demographic. North America and Europe are also anticipated to tender promising opportunities for the global offshore mooring market over the forecast period.
List of Tables
TABLE 1 WORLD WATER TREATMENT TECHNOLOGY PUMPS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 2 NORTH AMERICA PUMPS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 3 EUROPE PUMPS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 4 ASIA PACIFIC PUMPS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 5 LAMEA PUMPS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 6 WORLD VALVES AND CONTROLS MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 7 NORTH AMERICA VALVES AND CONTROLS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 8 EUROPE VALVES AND CONTROLS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 9 ASIA PACIFIC VALVES AND CONTROLS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 10 LAMEA VALVES AND CONTROLS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 11 WORLD AUTOMATION SYSTEMS MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 12 NORTH AMERICA AUTOMATION SYSTEMS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 13 EUROPE AUTOMATION SYSTEMS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 14 ASIA PACIFIC AUTOMATION SYSTEMS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 15 LAMEA AUTOMATION SYSTEMS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 16 WORLD COAGULANTS AND FLOCULANTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 17 NORTH AMERICA COAGULANTS AND FLOCULANTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 18 EUROPE COAGULANTS AND FLOCULANTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 19 ASIA PACIFIC COAGULANTS AND FLOCULANTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 20 LAMEA COAGULANTS AND FLOCULANTS MARKET, ($MILLION), GROWTH (%) 2014-2022
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