Offshore Mooring Market Estimated to Experience a Hike in Growth By 2031

Offshore mooring is the process or act of tying a floating structure or ships to a submerged anchoring point. Offshore mooring system is made up of a mooring line, anchor & connectors, and mooring layout, and is used for station keeping of a ship or floating platform in all water depths. The global offshore mooring market size was valued at $1.2 billion in 2021, and is projected to reach $1.8 billion by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/1824

Increase in applications of offshore mooring in floating production, storage, & offloading (FPSOs) and semisubmersibles is expected to fuel the growth of the market in the near future. Moreover, growth in demand for energy and rise in offshore exploration and production are factors that drive the market. Their impact is expected to increase significantly due to increase in maturity of onshore oil & gas fields. Mature onshore oil & gas fields are expected to lead to offshore exploration and production and in turn drive the market. Some of the restraints associated with the market are high initial CAPEX and harsh deep sea environmental conditions.

The offshore mooring market plays a pivotal role in supporting the global energy and maritime industries, providing critical solutions for the secure and stable anchoring of offshore structures. As demand for energy resources continues to grow, particularly in the offshore sector, the importance of reliable and efficient mooring systems becomes increasingly evident.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/offshore-mooring-market

On the basis of the mooring type, the spread segment garnered the highest market share of about 29.5% in 2021, and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for spread mooring systems from various applications, including offshore drilling applications, floating LNG structures, and others. In addition, rise in exploration and production activities in offshore fields are anticipated to fuel the growth of the global offshore mooring market in the future.

By anchors, the Drag Embedment anchors segment garnered the largest share in 2021, in terms of revenue, and is expected to grow at a CAGR of 3.9%, owing to rise in demand for Drag Embedment anchors from deep water drilling applications across the globe. In addition, advantages associated with Drag Embedment anchors, including cost effectiveness, efficiency, and resistance towards both, horizontal and vertical surfaces are expected to fuel the growth of the market during the forecast period.

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/offshore-mooring-market.html

On the basis of applications, the floating production, storage and offloading (FPSO) vessels segment garnered the largest share in 2021, in terms of revenue, and is expected to grow at a CAGR of 3.8%, owing to rise in demand for offshore mooring systems from FPSO vessels across the globe. In addition, rise in demand for FPSO platforms from oil and gas offshore exploration and production facilities is anticipated to drive the growth of the market in the coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:https://www.alliedmarketresearch.com/purchase-enquiry/1824

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Offshore Mooring industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐌𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Offspring International
• Blue Water Energy LLP
• Mampaey Offshore Industries B.V.
• Rigzone Mooring Systems
• Delmar Systems, Inc.
• Moorsure Mooring Systems Solutions Pty Ltd.
• Balltec Ltd.
• SOFEC, Inc.
• SBM Offshore N.V.

Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, and is anticipated to maintain this offshore mooring market trend during the forecast period. This is attributed to rise in investment towards offshore oil & gas exploration & production and reducing dependence on imports from other countries. In addition, emergence of offshore fields in the South China sea, Australia, and others regions is further anticipated to fuel the growth of the market in the coming years.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

• In 2021, the spread mooring segment accounted for about 29.5% of the share in the global offshore mooring market, and is expected to maintain its dominance during the forecast period.
• In 2021, the taut mooring segment accounted for 13.8% market share, and is anticipated to grow at a rate of 4.5% in terms of revenue.
• In 2021, the Drag Embedment anchors segment accounted for 44.8% market share, and is anticipated to grow at a rate of 3.9% in terms of revenue.
• Floating liquefied natural gas (FLNG) vessels is the rapidly growing segment in the global offshore mooring market, and is expected to grow at a CAGR of 4.6% during 2022-2031.
• North America is expected to grow at the fastest rate, registering a CAGR of 4.2%, during the forecast period.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐃𝐫𝐢𝐥𝐥𝐢𝐧𝐠 𝐅𝐥𝐮𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/02/15/2608884/0/en/Offshore-Drilling-Fluid-Market-Is-Expected-to-Reach-4-8-Billion-by-2031-Says-AMR.html

𝟐. 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐖𝐢𝐧𝐝 𝐓𝐮𝐫𝐛𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/07/19/2481608/0/en/Offshore-Wind-Turbine-Market-to-Hit-39-2-Billion-by-2031-Allied-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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