Offshore Mooring System Market to Reach US$1.1 bn by 2021 owing to Introduction of Technologically A
Based on the applications of offshore mooring systems, the market is segmented into seven types: Floating Production, Storage and Offloading (FPSO) Vessels, Floating Drilling, Production, Storage and Offloading (FDPSO) Vessels, Floating Liquefied Natural Gas (FLNG) Vessels, Tension Leg Platform, Semi-submersibles, Spar platforms and others.
Market Research Reports Search Engine (MRRSE) announces the addition of a new research study titled “Offshore Mooring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”. This 91-page research publication gives clients a detailed assessment of the structure, scope, and dynamics of the overall offshore mooring systems market.
According to the report, the global offshore mooring systems market is forecast to develop at a modest CAGR of 3.60% from 2015 to 2021, rising from a value of US$928.3 mn in 2014 to US$1,159.6 mn in 2021. Latin America, the Middle East, and West Africa have some of the most prominent offshore production facilities and the demand for offshore mooring systems in these regions is rather high.
In order to give clients a 360-degree perspective of what drives and restricts the offshore mooring systems market, the research report identifies the key factors from the demand side, the supply side, and the economic side. The offshore mooring systems market is fueled by rising subsea exploration, drilling, and production activities, availability of technologically enhanced products, hike in oil and gas prices, and surge in global energy demands. On the down side, high investment in offshore mooring infrastructure threatens to impede the offshore mooring systems market.
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The offshore mooring systems market is reviewed by segmenting it on the basis of certain parameters: Types, application, anchorage, and geography. By type, the offshore mooring systems market is categorized into taut leg, single point mooring, dynamic positioning, catenary, semi taut leg, and spread mooring. By application, the offshore mooring systems market is segmented into floating drilling, production, storage, and offloading vessels, tension leg platform, spar platforms, floating production, storage, and offloading vessels, semi-submersibles, and floating liquefied natural gas vessels, others. By anchorage, the offshore mooring systems market is divided into suction anchors, drag embedment anchors, and vertical load anchors. By geography, the offshore mooring systems market is segmented into Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific.
The research report identifies the top companies operating in the global offshore mooring systems market and assesses their past and future performance based on aspects such as business overview, recent developments, product and service portfolio, and business strategies. With the help of a SWOT analysis, each company’s strengths, opportunities, weaknesses, and threats are highlighted and discussed. Using Porter’s Five Forces analysis gives readers a clearer picture regarding the impact of substitutes, new entrants, suppliers, buyers, and competitors on individual companies and the overall vendor landscape.
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Some of the prominent players competing in the global offshore mooring systems market are MODEC Inc., Delmar Systems, Inc., Grup Servicii Petroliere S.A., FMC Technologies Inc., Trelleborg Marine Systems, Mooring Systems Inc., BW Offshore Ltd., Timberland Equipment Ltd., Mampaey Offshore Industries B.V., and SBM Offshore N.V.
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