Mooring Inspection Market Competitor Landscape, Opportunity Analysis,Trends & Forecast To 2028 | Welaptega, DeepOcean, InterMoor

According to the report, the global mooring inspection market is projected to reach USD 604.46 million by 2028, at a CAGR of 3.9% from 2016 to 2028.
A mooring is a perennial structure to which a ship, boat or any vessel is secured. These include quays, jetties, wharves, anchors, and mooring buoys. Mooring inspection is of utmost importance considering offshore loading systems. Hence, the rectitude of mooring systems is essential to ensure lifelong service and quality.

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This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Mooring Inspection Market.

Oil & natural gas is the largest end-use industry of mooring inspection systems. Approximately 85% of the global mooring industry is covered by the oil industry. Close visual inspection (CVI) is the most used technology in mooring inspection. Mooring inspection involves above water inspection and below water inspection. Moreover, divers involved in mooring inspection need to physically or visually inspect the mooring sites.

Coral reef mooring inspection for oil & natural gas offshoring is an important function. Franklin Offshore Pvt. Ltd. is the biggest player in the mooring inspection market. It has a presence in all segments of the mooring inspection market. Since mooring inspection is a niche market, there are very few major players.Hence, the market is oligopolistic in nature. Moreover, due to the interdependence of companies on each other, the market is uniform throughout.

The mooring inspection market is dominant in AsiaPacific, especially Australia & New Zealand. The Asia Pacific mooring inspection market is witnessing steady growth due to the growing oil industry in this region. This market in North America is also projected to grow at a steady rate. However, the mooring inspection market is almost non-existent in the Middle East.

Key Factors Impacting Market Growth:
o Growing oil & natural gas industry
o Significant growth in AsiaPacific
o Concerns over degradation of water ecosystem
o Stringent government regulations regarding water pollution

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Key Developments:
o In 2007, 3i invested in Franklin offshore with Intermediate Capital Group providing mezzanine financing to expand in Europe.

What Does This Report Provide?

This report provides a detailed understanding of the global mooring inspection market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:
By Type:
o Below Water Inspection (BWI)
o Above Water Inspection (AWI)

By Technology:
o MPI
o UT
o CVI
o Mooring Line Dimension Measurement
o Electromagnetic Detection

By End-Use Industry:
o Oil
o Natural Gas
o Others

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Type
o By Technology
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Technology
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Technology
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Technology
o By End-Use Industry
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Technology
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Type
o By Technology
o By End-Use Industry

Companies Covered:Welaptega, Oceaneering International, DeepOcean, Acteon Group, InterMoor, Deep Sea Mooring, DOF Subsea, Moffatt & Nichol, Delmar, Viking Seatech, Franklin Offshore Pvt. Ltd., and JIFMAR Offshore Services

Reasons to Buy This Report:
o Market size estimation of the global mooring inspection market on regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

This report provides:
1) An overview of Global Mooring Inspection Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotion plans for Global Mooring Inspection Market devices
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

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This release was published on openPR.