Press release
Offshore Support Vessel Market Revenue to Reach of US$ 23.2 Bn by 2031
Offshore Support Vessel Market 2022
The global offshore support vessel services market is currently valued at close to US$ 11.7 Bn. Demand for offshore support vessel services is slated to expand at 7.1% CAGR to reach a market revenue of US$ 23.2 Bn by 2031. Growing Inclination toward sustainability, lower operational costs, and lesser cost of capital and are key trends being observed in the market. Surge in global sea trade, offshore wind market, and vast prospects for offshore oil & gas exploration activities will generate continued demand for offshore support vessel services.
Request for Free Sample Copy of Offshore Support Vessel Market Report@https://www.persistencemarketresearch.com/samples/11302
The offshore renewables (wind) business has continued to grow strongly, with solid revenues and a record number of new projects sanctioned, which is projected to complement market growth over the coming years.
2020 was a year of stark differences for offshore support vessel services as the traditional offshore market is mostly centered on the oil & gas industry, which had a disappointing year with considerable drop in activity, utilization, and day rates. However, the oil & gas industry is in a recovery mode, which bodes well for the OSV market over the coming years. Considering the possibility of a stimulus in many countries, the long-term outlook of the market remains positive.
In October 2020, Edison Chouest Offshore affiliate entered into a long-term charter agreement with Orsted and Eversource for the provision of the first U.S. Jones Act-compliant windfarm service operation vessel.
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
Complete Report Details@https://www.persistencemarketresearch.com/market-research/offshore-support-vessel-market.asp
Key Takeaways from Market Study
• With a growing wind energy industry, demand for support vessels to build and service wind farms is on the rise. Because of the rapid growth of wind farms, new vessels will be required to support their installation and operation on a never-before-seen scale.
• Although each type of offshore service vessel holds fairly important positions in assisting development, exploring and learning, and navigating the ocean, market participants should focus on deploying existing fleets of PSVs and AHTSs.
• In the last decade, there has been an increase in the need for aftersales services. Due to increased demand from this industry, the market for high-value-added retrofits and aftersales services has grown increasingly crucial for equipment suppliers.
• Companies are heading in the direction of a data-driven industry. Operators of OSVs are working together to enhance digitalization. The goal is to test and deploy various digital technologies in order to reduce emissions, improve safety, and lower costs.
• According to service type, technical services account for around 23% market share in 2021.
Based on regional analysis, Europe is expected to hold the highest market value share in the global market. Faced with production halts, temporary layoffs, and liquidity concerns as a result of the COVID-19 epidemic, the European shipbuilding and maritime equipment manufacturing industry called for sector-specific support measures in addition to horizontal industrial policy and financial support.
"Increasing offshore wind business and several government initiatives for stimulating and cultivating an indigenous industry in recent years are expected to drive demand for offshore support vessel services over the coming years," says a Persistence Market Research analyst.
Get Full Access of this Report@https://www.persistencemarketresearch.com/checkout/11302
Key Questions Answered in the Offshore Support Vessel Market Report -
• What is the size of the global market for offshore support vessel services at present?
• What is the demand outlook for offshore support vessel services through 2031?
• At what CAGR did the offshore support vessel services industry expand over the last 5 years?
• What are the key trends being witnessed in this landscape?
• What is driving demand for offshore support vessel services across the world?
• What is the market share of the top 5 offshore support vessel service providers?
• Which are the top 5 countries driving demand for offshore support vessel services?
• At what percentage is the market in Germany expected to register growth in Europe?
• Which countries are key providers of offshore support vessel services?
Request you to Read More-
Loader Crane Market - https://www.persistencemarketresearch.com/market-research/loader-crane-market.asp
Dust Control Market - https://www.persistencemarketresearch.com/market-research/dust-control-market.asp
About us: -
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Contact Us:
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Germany Office:
Persistence Market Research
Potsdamer Platz 10 Haus 2, 5th Floor Berlin,
Germany 10785
Call +1 888-863-4084
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Offshore Support Vessel Market Revenue to Reach of US$ 23.2 Bn by 2031 here
News-ID: 2788953 • Views: …
More Releases from Persistence Market Research.
Plastic Compounding Market to Reach a Revenue of Around US$ 645 Bn by the End of …
Plastic Compounding Market 2022
The global plastic compounding market is estimated to be worth over US$ 420 Bn by the end of 2017 and is projected to grow at a CAGR of 5.2% during the forecast period (2017-2025) to reach a market value of about US$ 645 Bn by 2025. The growth of the global plastic compounding market is mainly driven by the increasing demand from end-use industries such as automotive,…
Vessel Mooring System Market SWOT Analysis of Top Kay Players Forecast to 2031
Vessel Mooring System Market 2022
Mooring systems are used to secure vessels to a pier, dock, or other stationary object. There are several types of mooring systems, but all share common features: they use anchors and cables to attach the vessel to the ground. Mooring systems are used in both commercial and recreational settings, and there are several different types of mooring systems available depending on the situation.
Request for Free Sample…
Drywall & Building Plaster Market Sales to Top US$ 65 Bn by 2025
Drywall & Building Plaster Market 2022
The global drywall and building plasters market is expected to grow at a CAGR of 5.4% during the forecast period to reach a revenue of US$ 65 Bn by 2025. This growth can be attributed to the increasing demand for drywall and plaster products in the construction industry. In addition, the growing awareness about the benefits of using these products is also expected to boost…
Protective Coatings Market to Cross US$ 54.1 Bn Revenues between 2022-2032
Protective Coatings Market 2022
The protective coatings market is expected to grow at a robust CAGR of more than 7% over the next ten years. The market is currently worth around US$ 27.6 Bn and is estimated to be worth more than US$ 54.1 Bn by the end of the decade. The protective coatings industry in Japan is valued at nearly US$ 1.9 Bn at present.
This latest Persistence Market Research report…
More Releases for Offshore
Offshore Supply Vessels Market Competitive Analysis By 2025 : Maersk, Siem Offsh …
This industry study presents the global Offshore Supply Vessels market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Offshore Supply Vessels production, revenue and market share by manufacturers, key regions and type. The consumption of Offshore Supply Vessels in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated…
Offshore Supply Vessels Market Outlook to 2025: Maersk, Siem Offshore, SEACOR Ma …
Offshore Supply Vessels Market report, industry trends have been explained on the macro level which makes it possible outline market landscape and probable future issues. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis.
The report analyses and estimates general market drivers in the form of consumer demand, government policy…
Offshore Supply Vessels Market Outlook to 2025 - Edison Chouest Offshore, Maersk …
With several global sectors and several top players churning the revenue mill in the Offshore Supply Vessels market in the Global industry with the help of their skills and knowledge in the Offshore Supply Vessels market, it is important to have an in-depth knowledge of their marketing strategies. This Offshore Supply Vessels report provides the same amount of knowledge of the Offshore Supply Vessels market regardless of marketing terminologies like…
Offshore Support Vessels Market Outlook to 2025: BOURBON, Tidewater Marine, Siem …
According to this study, the Offshore Support Vessels Market research report is a professional and in-depth research on the current state of the global market. Report gives comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the offshore support vessels market.
Offshore Support Vessels is a ship specially designed to supply offshore oil and gas platforms. These ships range from 50 to 100…
Offshore Supply Vessel Market to 2025 - Edison Chouest Offshore, Maersk Global S …
Offshore Supply Vessels market is also presented to the readers as a holistic snapshot of the competitive landscape within the given forecast period. The report also educates about the market strategies that are being adopted by your competitors and leading organizations. The report also focuses on all the recent industry trends. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of…
Global Offshore Mooring Systems Market 2018-2025: SBM Offshore, BW Offshore, Del …
ResearchMoz include new market research report "Global Offshore Mooring Systems Market Insights, Forecast to 2025" to its huge collection of research reports.
The Offshore Mooring Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to…
