Press release
Global Offshore Supply Vessel (OSV) Market Industry Challenges and Future Scope 2023 to 2028 | Edison Chouest, Hornbeck, DOF
In 2023, the Offshore Supply Vessels Market was estimated to be worth USD 9.8 billion. The offshore supply boats market is expected to increase from USD 10.3 billion in 2023 to USD 14.9 billion by 2028, with a compound annual growth rate of 5.11% between 2023 and 2028. The primary market factor driving the market's rise is an increase in oil and gas exploration operations. Furthermore, the rising demand for PSVs globally is propelling the offshore supply vessel market forward. Diverse technical advancements in the building of offshore supply boats, as well as the use of Dynamic Positioning (DP) systems in marine vessels, are also contributing to the industry's growth.
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The Key companies profiled in the Offshore Supply Vessel (OSV) Market:
The study examines the Offshore Supply Vessel (OSV) Market's competitive landscape and includes data on Edison Chouest, Hornbeck, DOF, Tidewater, Farstad Shipping, Bourbon Offshore, Island Offshore Management, Maersk Supply Service, Swires, Cosl, Gulf Mark, Havila Shipping & Others.
Global Offshore Supply Vessel (OSV) Market Split by Product Type and Applications
This report segments the Offshore Supply Vessel (OSV) Market on the basis of Types:
Anchor Handling Tug Supply
Platform Supply Vessel
Multipurpose Support Vessel
Standby & Rescue Vessel
Others
On the basis of Application, the Offshore Supply Vessel (OSV) Market is segmented into:
Shallow Water
Deep Water
Increased expenditures in the deployment of non-renewable and renewable energy infrastructure, particularly offshore wind capacity in uncharted sea depths, will enhance global market development in the coming years. An OSV is a ship that is used to transport crew members and supplies to offshore locations for mid-sea activities. These boats transport vital reinforcing commodities and services to industrial structures, anchored platforms, and floating rigs. The different governments are concentrating on increasing offshore wind capacity in order to reduce overall carbon emissions.
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The OSV market is segmented into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Due to the favorable clean energy outlook and increased hydrocarbon activity, Asia Pacific is expected to lead the market with USD 3.57 billion in 2020. For example, the National Institute of Wind Energy in India announced a 1 G.W. expression in offshore wind in August 2021, with a target of 30 G.W. by 2030. China, India, Japan, Australia, and numerous Southeast Asian nations are all important players in the region. A growing number of renewable energy projects, as well as significant hydrocarbon reserves, are propelling market expansion in Europe.
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Market Segmentation:
Offshore Supply Vessel (OSV) Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Various industry participants are concentrating on delivering innovative vessel designs and structures to improve fleet integration across a wider variety of applications. Furthermore, the firms concentrate on reinforcing their vessel offerings in order to survive harder circumstances and adapt to distinct worldwide demands. Offshore Support Vessel construction necessitates a large amount of money as well as technical skills to meet the specific requirements. To construct and store support boats, shipowners must develop specific facilities such as docking units and shipbuilding divisions. A dry dock unit area is used to construct, maintain, and repair various capacity boats.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Offshore Supply Vessel (OSV) Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Offshore Supply Vessel (OSV) Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Offshore Supply Vessel (OSV) Market Analysis
Chapter 6 East Asia Offshore Supply Vessel (OSV) Market Analysis
Chapter 7 Europe Offshore Supply Vessel (OSV) Market Analysis
Chapter 8 South Asia Offshore Supply Vessel (OSV) Market Analysis
Chapter 9 Southeast Asia Offshore Supply Vessel (OSV) Market Analysis
Chapter 10 Middle East Offshore Supply Vessel (OSV) Market Analysis
Chapter 11 Africa Offshore Supply Vessel (OSV) Market Analysis
Chapter 12 Oceania Offshore Supply Vessel (OSV) Market Analysis
Chapter 13 South America Offshore Supply Vessel (OSV) Market Analysis
Chapter 14 Company Profiles and Key Figures in Offshore Supply Vessel (OSV) Business
Chapter 15 Global Offshore Supply Vessel (OSV) Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
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