Press release
Offshore Support Vessel Services Market 2022 Global Key Players are BOURBON Corporation, A.P. Møller - Mærsk A/S and more
Offshore Support Vessel Services Market SWOT Analysis 2022 - 2031Global Offshore Support Vessel (OSV) service sales are set to be valued at nearly US$ 11.7 Bn in 2021 and it is expected to reach value of US$ 23.2 Bn with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 7% CAGR from 2021 to 2031. Growing Inclination toward sustainability, lower operational costs, and lesser cost of capital and are key trends being observed in the market.
Request for Free Sample Copy of Offshore Support Vessel Market Report@https://www.persistencemarketresearch.com/samples/11302
Offshore support vessel services are used for various purposes such as transporting personnel, supplies, and equipment to offshore installations; providing accommodation, food, and other comfort facilities to offshore workers; conducting search and rescue operations; and carrying out firefighting duties. Offshore support vessels are also used for laying pipelines and cables, well-servicing operations, diving support, seismic survey work, and construction support. The growth of the global oil & gas industry is expected to drive the demand for offshore support vessels in the coming years.
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.
Company Profiles-
• 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.
Get Full Access of this Report and Get Up to 20% Discount@https://www.persistencemarketresearch.com/checkout/11302
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.
Complete Report Details@https://www.persistencemarketresearch.com/market-research/offshore-support-vessel-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 Services Market 2022 Global Key Players are BOURBON Corporation, A.P. Møller - Mærsk A/S and more here
News-ID: 2811903 • Views: …
More Releases from Persistence Market Research

Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but…

Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Marke …
The automatic labeling machine market is witnessing steady growth as industries across food & beverage, pharmaceuticals, cosmetics, consumer goods, and logistics increasingly adopt automation to improve efficiency, reduce labor costs, and ensure labeling accuracy. In recent years, pressures such as regulatory compliance (e.g. traceability and serialization in pharma), branding demands, higher SKU complexity, and growth in e-commerce have pushed manufacturers to upgrade from manual or semi-automatic labeling to fully automatic…

Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Globa …
The solar cells & modules market is witnessing unprecedented growth as nations accelerate their transition toward clean and renewable energy. According to the latest study by Persistence Market Research, the global solar cells & modules market size is projected to expand from US$ 163.7 billion in 2023 to US$ 360.8 billion by 2033. This reflects a robust CAGR of 8.2% during the forecast period, underscoring solar technology's role as the…

Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persi …
The global power bank market has become one of the most dynamic segments within the consumer electronics ecosystem, driven by the increasing penetration of smartphones, digital devices, and mobile lifestyles. According to the latest study by Persistence Market Research, the power bank market size is projected to be valued at US$12.4 Bn in 2025 and is expected to reach US$20.6 Bn by 2032, growing at a healthy CAGR of 7.4%…
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…