Press release
Multipurpose Support Vessel (MPSV) Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Multipurpose Support Vessel (MPSV)
What Is the Current Multipurpose Support Vessel (MPSV) Market Size and Its Estimated Growth Rate?
In recent times, the market size for the multipurpose support vessel (MPSV) has experienced significant growth. Projections indicate that it will escalate from a value of $4.20 billion in 2024 to reach $4.51 billion in 2025, representing a compound annual growth rate (CAGR) of 7.4%. Factors like the surge in offshore oil and gas exploration, growth of deepwater drilling activities, expansion of subsea infrastructure, an increase in offshore wind projects, and intensified maritime security operations have contributed to its growth during the historic period.
Over the coming years, the multipurpose support vessel (MPSV) market is anticipated to experience robust growth, forecasted to expand to $5.90 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. This growth during the projection period can be associated with the rising demand for offshore energy, the broadening of offshore wind farms, escalating deep-sea mining activities, the growth in subsea cable installations, and investments made by governments in maritime infrastructure. Key trends to observe in the estimated period comprise the adoption of hybrid propulsion systems, the employment of smart vessel technologies, innovations in vessel design, developments in the field of autonomous vessel technology, and the use of AI for remote operations.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=22063
How Are Emerging Segments Shaping the Multipurpose Support Vessel (MPSV) Market Landscape?
The multipurpose support vessel (MPSV) market covered in this report is segmented -
1) By Vessel Type: Dynamic Positioning Vessels, Non-Dynamic Positioning Vessels, Survey Vessels, Heavy Lift Vessels, Construction Support Vessels
2) By Vessel Size And Capacity: Small Vessels (Up To 50 Meters), Medium Vessels (51 To 100 Meters), Large Vessels (Over 100 Meters), Heavy-Capacity Vessels
3) By Operation Type: Exploration And Survey Operations, Construction And Installation, Maintenance And Support, Logistics And Supply Chain Operations, Emergency Response Operations
4) By Delivery And Deployment Location: Offshore Operations, Nearshore Operations, Shallow Water Operations, Deep Sea Operations
5) By End-User Industry: Oil And Gas Industry, Renewable Energy (Wind, Solar), Marine Research And Survey, Telecommunications, Fisheries And Aquaculture
Subsegments:
1) By Dynamic Positioning Vessels: DP1 Vessels, DP2 Vessels, DP3 Vessels
2) By Non-Dynamic Positioning Vessels: Anchor Handling Tug Supply (AHTS) Vessels, Platform Supply Vessels (PSV), Offshore Supply Vessels (OSV)
3) By Survey Vessels: Hydrographic Survey Vessels, Geophysical Survey Vessels, Environmental Survey Vessels
4) By Heavy Lift Vessels: Crane Vessels, Semi-Submersible Heavy Lift Vessels, Dock Ships
5) By Construction Support Vessels: Pipe-Laying Vessels, Cable-Laying Vessels, Diving Support Vessels (DSV)
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=22063&type=smp
Which Growth Factors Are Influencing Multipurpose Support Vessel (MPSV) Market Expansion?
The multipurpose support vessel market is poised for growth due to the expansion of the offshore renewable energy sector. This sector involves the harnessing of energy from renewable resources like wind, solar, and tidal power, often located in aquatic environments such as seas or large lakes. The rising prominence of this sector can be tied to the growing need for eco-friendly energy solutions and the ability of offshore locations to produce substantial power quantities. As the backbone of offshore renewable energy production, multipurpose support vessels are indispensable for equipment installation, ongoing maintenance, and transportation within wind, wave, and tidal energy projects, thereby guaranteeing efficient, secure sea operations. For example, Oceantic Network, a non-profit organization based in the U.S, reported in February 2023 that new investments in the offshore wind market reached $9.8 billion in 2022, more than triple the previous year's amount. Consequently, the expanding offshore renewable energy sector is fuelling the growth of the multipurpose support vessel market.
Who Are the Dominant Players Across Different Multipurpose Support Vessel (MPSV) Market Segments?
Major companies operating in the multipurpose support vessel (MPSV) market are Larsen & Toubro Limited, Damen Shipyards Group, Zamil Offshore, The CSL Group Inc., Seacor Marine, Sea1 Offshore Inc, Mazagon Dock Shipbuilders Limited, Fassmer GmbH & Co. KG, MMA Offshore Pty Ltd., Hornbeck Offshore Services Inc, Island Offshore, Greatship India Ltd., Nam Cheong Limited, Rohde Nielsen A/S, Olympic Subsea ASA, Damen Shipyards, Eidesvik Offshore ASA, Vard Group AS, Oceanteam ASA, DOF Subsea AS
What Are the Latest Developing Trends in the Multipurpose Support Vessel (MPSV) Market?
Leading firms in the multi-purpose support vessel (MPSV) market are concentrating their efforts on creating innovative products like multi-role naval vessels to enhance the effectiveness of different marine operations. A multi-role naval vessel is a versatile military or support vessel engineered to execute a variety of roles to fulfill varying operational needs in a naval environment. For example, the Indian Navy, the nautical division of the Indian Armed Forces based in India, unveiled its first homegrown multi-purpose vessel (MPV), Samarthak, in October 2024. The vessel, suited for an array of applications including towing ships, retrieving targets, managing unmanned vehicles, and assessing indigenous weapons and sensors, spans 106-meters long and can reach speeds of up to 15 knots. The vessel was developed as a part of India's 'Aatmanirbhar Bharat' and 'Make in India' campaigns.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/multipurpose-support-vessel-mpsv-global-market-report
Which Geographic Regions Are Expected to Dominate the Multipurpose Support Vessel (MPSV) Market in the Coming Years?
North America was the largest region in the multipurpose supply vessel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multipurpose support vessel (MPSV) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multipurpose Support Vessel (MPSV) Market?
2. What is the CAGR expected in the Multipurpose Support Vessel (MPSV) Market?
3. What Are the Key Innovations Transforming the Multipurpose Support Vessel (MPSV) Industry?
4. Which Region Is Leading the Multipurpose Support Vessel (MPSV) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Multipurpose Support Vessel (MPSV) Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis here
News-ID: 3987490 • Views: …
More Releases from The Business Research Company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Vessel
UK Vessel Registrar Simplifies Bareboat Charter Registration and Vessel Renewal …
UK Vessel Registrar is a private documentation service supporting vessel owners, brokers, and operators with end-to-end UK maritime registration services. From helping clients register bareboat charter UK vessels to providing a fast, secure UK vessel registration renewal service, the platform delivers accuracy, compliance, and convenience. Designed for both commercial and recreational needs, VesselRegistrar.uk offers a smarter way to manage your boat's legal identity under the UK flag.
VesselRegistrar.uk, a leading UK-based…
Pipelay Vessel Operater Market Size Analysis by Application, Type, and Region: F …
According to Market Research Intellect, the global Pipelay Vessel Operater market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The growing need for gas and oil worldwide, especially in offshore reserves, is driving the market for pipelay…
Global LNG Fuelled Vessel Market Size by Application, Type, and Geography: Forec …
According to Market Research Intellect, the global LNG Fuelled Vessel market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The LNG-fueled vessel market is experiencing significant growth due to the rising emphasis on environmental sustainability and stricter…
Vessel Tracker Market is Booming Worldwide | FleetMon, Shipfinder, Vessel Tracke …
The Latest Released Vessel Tracker - Top Players market study has evaluated the future growth potential of Vessel Tracker - Global and China Top Players market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing…
Vessel Traffic Management Market
According to the Market Statsville Group (MSG), the global Vessel Traffic Management Market size is expected to grow from USD 5,371.8 million in 2021 to USD 10,815.2 million by 2030, at a CAGR of 8.1% from 2022 to 2030.
Vessel traffic services (VTS) are shore-based systems that provide ships with information ranging from simple information messages, such as the position of other traffic or weather-related hazard alerts, to comprehensive traffic control…
Marine Gensets Market: Information by Vessel Type (Commercial Vessel, Defense Ve …
A marine genset is a power unit generator that supplies electricity to ships. It offers reliable and fuel-efficient electric power generation for onboard power, emergency gensets, and diesel-electric propulsion. It can be fueled by gas, diesel, hybrid fuel, and others. It has application in offshore commercial vessels, defense vessels, and offshore vessels, among others. Nowadays, most of the marine gensets are fueled by diesel. However, the introduction of alternative fuels…
