openPR Logo
Press release

Offshore Mooring Systems Market Predicted to Grow at a Moderate Pace Through 2016 – 2024

09-11-2017 02:56 PM CET | Energy & Environment

Press release from: Transparency Market Research

Offshore Mooring Systems Market Predicted to Grow at a Moderate

The West Africa offshore mooring market is highly competitive, thanks to the presence of a large pool of players, finds a new research report by Transparency Market Research (TMR). Innovation and technological advancements in mooring systems is the key strategy adopted by the leading companies looking to strengthen their position in this market. A shift in their focus towards mergers, acquisitions, and partnerships can also be observed over the next few years.

Browse Market Research Report: http://www.transparencymarketresearch.com/west-africa-offshore-mooring-systems-market.html

Grup Servicii Petroliere S.A., Mampaey Offshore Industries B.V., FMC Technologies Inc., BW Offshore Ltd., and Trelleborg Marine Systems are some of the prominent vendors of offshore mooring systems in West Africa, states the research report.

west africa offshore mooring systems market

According to the market study, the overall opportunity in the West Africa offshore mooring system market was worth US$169.70 mn in 2015. Analysts expect it to rise at a CAGR of 4.90% during the period from 2015 to 2024 and reach a value of US$470.2 mn by the end of the period of the forecast. The demand for spread mooring systems is much higher than other products available in this market. The scenario is anticipated to remain same throughout the forecast period.

West Africa Offshore Mooring Systems Market to be Led by Angola

The report further present an exhaustive analysis of the West Africa market for offshore mooring systems on the basis of its geographical presence. As per the study, Mauritania, Senegal, Guinea, Ivory Coast, Ghana, Cameroon, Equatorial Guinea, Gabon, D.R. Congo, Angola, and Congo Brazzaville are the main geographical segments of the West Africa offshore mooring system market. Among these, Angola dominated the overall market in 2015 with a revenue contribution of US$45.1 mn. Researchers anticipate this domestic market to maintain its leadership over the period of forecast.

Get TOC Of This Report @ http://www.transparencymarketresearch.com/report-toc/22532

The markets for offshore mooring systems in Ghana, Gabon, and Ivory Coast are also projected to witness significant growth over the forthcoming years, thanks to the surging emphasis on energy conservation, increasing investments in their respective oil and gas industry, and the continued rise in exploration and production activities, notes the study.

Drag embedment, suction, and vertical load anchors are considered as the key type of anchors used in offshore mooring in this research report. With 30.7%, the drag embedment anchors segment led the West Africa offshore mooring systems market in 2015 and is expected to remain doing so over the next few years, states the report.

Need for Efficient Management of Marine Fuel to Boost Demand

“The increase in the demand for energy in West Africa despite fluctuating prices of oil has been the most prominent factor behind the growth of the offshore mooring systems market in this region,” says an analyst in TMR. As marine fuel cost accounts for a heavy portion of the vessel operating cost, the need for an efficient management of marine fuel has increased considerably. With offshore mooring systems being highly effective in monitoring, controlling, and reporting of marine fuel consumption, their demand is likely to augment remarkably in the oil and gas industry of West Africa in the near future, reflecting positively on this market.

Get accurate market forecast and analysis on the Offshore Mooring Systems market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=22532

The technological advancement in mooring products is also projected to boost this market over the forecast period. However, the high cost of investments needed for exploration and production activities may hamper the market’s growth in the coming years, states the report.

The study presented here is based on a report by Transparency Market Research (TMR), titled “Offshore Mooring Systems Market (Type - Catenary, Taut Leg, Semi-taut, Spread, Single Point, and Dynamic Positioning; Application - Floating Production, Storage and Offloading (FPSO) Vessels, Floating Drilling, Production, Storage and Offloading (FDPSO) Vessels, Floating Liquefied Natural Gas (FLNG) Vessels, TLP, Semi-submersibles, and Spar Platforms; Anchorage - Drag Embedment Type Anchors, Suction Type Anchors, and Vertical Load Type Anchors) - West Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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 Mooring Systems Market Predicted to Grow at a Moderate Pace Through 2016 – 2024 here

News-ID: 708861 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for West

Exciting Opportunities to Work with West LA's Finest: West LA Computer Expert
Image: https://www.globalnewslines.com/uploads/2025/01/1736345552.jpg Welcome to West LA Computer Expert: You're in good hands! Join the Leading Force in Computer Repair and Support West LA Computer Expert, a renowned name in the technology sector, is thrilled to announce exciting opportunities for individuals and small businesses to work with the best in the industry. Known for its exceptional same-day computer repair and support services, the company is expanding its versilility to meet growing demand. With
West LA Computer Expert: Trusted Provider of PC and Network Support in West Los …
Offering Comprehensive Computer Repair and Website Design Services West LA Computer Expert, a highly acclaimed 5-star company, is proud to announce its readiness to tackle all types of PC and network support issues for residents and businesses in the West Los Angeles area. Known for its same-day computer repair and support services, the company continues to expand its offerings to meet the evolving needs of its clientele. With a reputation built
DictaTeam goes West
Dublin, Ireland / Westerkappeln, Germany: April 24th 2012 – The Irish dictation specialist Finlay Digital Solutions Ltd., Dublin / Cork / Belfast / London, will represent the Smartphone-App voice recording software developer DictaTeam UG from Westerkappeln, Germany, on the irish and british market. As a distributor, Finlay Digital Solutions will offer DictaTeam’s worldwide well renowned dictation and voice recording solution family dictate on demand to value added resellers and end
“Go West” – Mox boosts Sales Power on US West Coast
Expansion of US-Team increases presence in biggest calling card market in the world Ratingen, Germany, December 1st 2008 – In November 2008 Mox Telecom welcomed Mr. Bjoern Risse who has been supporting the US Sales Team since. Mr. Risse, who draws on vast Sales experience in both, the Telecommunications – and the Prepaid sector, will set the stage for further promotion of Mox products in the US. After the success of its
Santa Goes West
SAN ANTONIO – This December, Enchanted Springs Ranch invites families to celebrate the holidays the Old West way at its annual Cowboy Christmas. Vicki Schmidt, co-owner of Enchanted Springs Ranch with her husband Steve, calls the event a chance for guests to see the Old West in a new way. “We’re going to have the whole place decorated,” she says. “Imagine spending the holidays in an authentic Old West town
West End Comes to West Coast - Bat Boy Lands in San Pedro
The Relevant Stage Theatre Company is the first authorized company to get permission from the authors, in cooperation with licensing from Dramatists Play Service to produce the 2004 London/Toronto revival of BAT BOY THE MUSICAL in the United States. This production of BAT BOY has numerous changes to the script and music not reflected in the Off-Broadway soundtrack. One notable change is the inclusion of a new song,