Global Mooring Inspection Market growing at a CAGR of 3.7% due to Demand from Offshore Loading in Shipping Industry | Key Players: Welaptega, Oceaneering International, DeepOcean, Acteon Group, InterMoor, Deep Sea Mooring, DOF Subsea

The Global Mooring Inspection Market to reach USD 468.7 Million in 2028 expanding at a CAGR of 3.7% over the forecast period from 2016 to 2028. Mooring is a perennial structure to which ships, boats or any vessel. Some of the examples include quays, jetties, wharves, anchors and mooring buoys. The mooring inspection market is expected to grow considering high demand for offshore loading systems. Hence, the rectitude of mooring systems is very essential to ensure lifelong service & quality.

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Key Takeaways of the Mooring Inspection Market Study
1. Oil & Natural Gas industry is the biggest end-user industry regarding the mooring inspection systems. Close visual inspection (CVI) is the technology mostly used in mooring.
2. The mooring inspection market is dominant in Asia-Pacific especially Australia & New Zealand. The Asia Pacific market is growing due to the blooming oil industry in these regions.
3. The North American region is also projected to grow at a steady pace.
4. The market will grow due to the regulatory requirements for periodic inspection and rising concerns towards increasing mooring safety.

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Notable Development Trends to Open up New Horizons of Growth for Mooring Inspection Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. In 2007, 3i invested heavily in Franklin offshore with Intermediate Capital Group providing mezzanine financing to expand in Europe.

2. July 25th, 2018 - Mooring chains are a critical item on Floating Assets, with much emphasis being placed on their integrity by class societies and regulators following several failures in recent years. At lower cost and improved safety, EM&I has developed a new approach, with a cleaning tool and a measuring calliper that can complete a class equivalent inspection in less time using a specialized ROV.

Major points covered in the Mooring Inspection Market Study:

1. Macroeconomic factors affecting the Mooring Inspection market and its potential
2. Mooring Inspection Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Mooring Inspection market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are anlyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Mooring Inspection market, including detailed profiles of the top players in this market

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Some of the major players in the Mooring Inspection market are 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.

Market Segmentation:

By Type:
• Below Water Inspection (BWI)
• Above Water Inspection (AWI)

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

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

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Technology
o By End-User Industry
Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Technology
o By End-User Industry

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Technology
o By End-User Industry

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Technology
o By End-User Industry

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Technology
o By End-User Industry

Rest of the World
o By Region (South America, Africa)
o By Type
o By Technology
o By End-User Industry

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