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Offshore Mooring Systems Global Market Report 2024 - By Report, Share, Size And Industry Trends, Forecast To 2033
Offshore Mooring Systems Market
As per the report, the offshore mooring systems market size has grown steadily in recent years. It will grow from $1.72 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The offshore mooring systems market size is expected to see steady growth in the next few years. It will grow to $2.17 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%.
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Rising Global Energy Demand Drives Growth In Offshore Mooring Systems Market
The escalating demand for energy is expected to propel the offshore mooring systems market growth going forward. Energy refers to the electricity and power that is generated by using natural resources. Offshore mooring systems are used in the floating wind systems for efficient extraction of energy by facilitating and maximizing energy production and transmission of power using cables and umbilical, as a result, escalating demand for energy increases the demand for offshore mooring systems. For instance, in 2021, According to the International Energy Agency, a Paris-based autonomous intergovernmental organization, the global energy demand is expected to increase by 47% in 2050. Therefore, the escalating demand for energy is driving the growth of the offshore mooring systems market.
Technological Developments In Offshore Mooring Systems Market
Technological developments are a key trend gaining popularity in the offshore mooring systems market. Major companies operating in the offshore mooring systems market are focused on developing new technological solutions to strengthen their market position. For instance, in September 2021, Imenco AS, a Norway-based engineering company engaged in various subsea projects, launched 'Pacu', its innovative and transformational cathodic protection technology for mooring systems used in floating wind platforms or offshore aquaculture installations. Pacu is designed to be attached to the mooring chains to extend their lifespan by slowing down the rate of corrosion reducing the risk of mooring system failures to provide a cost-effective solution that can be retrofitted to existing chains. As a result, operations require less handling, shipping, and installation equipment, which lowers their overall carbon footprint. Additionally, numerous maritime sectors, such as offshore wind, as well as the oil and gas sector, including near-shore moorings and permanently anchored offshore buildings, can use Pacu.
The offshore mooring systems market covered in this report is segmented -
1) By Type: Single Point Mooring, Taut Leg System, Semi-taut Leg System, Spread Mooring, Dynamic Positioning, Other Types
2) By Anchorage: Suction Anchors, Vertical Load Anchors, Drag Embedment Anchors, Other Anchors
3) By Depth of Operation: Shallow Water, Deepwater
4) By Application: Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), SPAR Platform, Tension Leg Platform (TLP), Semi-Submersible Platforms, Other Applications
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Major companies operating in the offshore mooring systems market report are Blue Water Energy LLP, MODEC Inc., Lamprell Plc., SBM Offshore NV, Baltec System Pvt Ltd., FMC Technologies Inc., Rigzone Mooring Systems, Mooring Systems Inc., Offspring International Limited, Mampaey Offshore Industries, Delmar Systems Inc., Trelleborg Marine Systems India Pvt. Ltd., Viking SeaTech, Balmoral Comtec Ltd., Grup Servicii Petroliere, SOFEC INC., Intermoor Inc., NOV Inc., Timberland Equipment Ltd., KTL Offshore Pte Ltd., Scana Industrier ASA, Moorsure Mooring Systems Solutions Pty Ltd., De Haan Mussel Kanaal, Advanced Production and Loading, Multinational Craig Energy Services, Lamprell Energy, LHR Services & Equipment Inc., Ocean Power Technologies Inc., Other Lab Inc., Triton Systems
Contents of the report:
1. Executive Summary
2. Offshore Mooring Systems Market Report Structure
3. Offshore Mooring Systems Market Trends And Strategies
4. Offshore Mooring Systems Market - Macro Economic Scenario
5. Offshore Mooring Systems Market Size And Growth
…..
27. Offshore Mooring Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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