#Offshore Mooring Systems Market size
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Offshore Mooring Market
Offshore Mooring Market Size, Share, Trends: Delmar Systems, Inc. Leads
Growing adoption of synthetic mooring systems revolutionizes offshore operations.
Market Overview:
The global Offshore Mooring Market is projected to grow at a CAGR of 3.8% from 2024 to 2031. The market value is expected to increase significantly during this period. The Asia-Pacific region dominates the market, driven by increasing offshore oil and gas exploration activities and growing investments in renewable energy projects. Key metrics include rising deep-water and ultra-deepwater exploration, increasing floating production storage and offloading (FPSO) deployments, and growing focus on offshore wind energy installations.
The offshore mooring sector is rapidly transitioning to the usage of synthetic mooring systems. These systems, made of materials like as polyester and high-modulus polyethylene (HMPE), have various advantages over traditional steel chain and wire rope systems, including reduced weight, increased fatigue resistance, and decreased maintenance requirements. This study is motivated by the need for more efficient and cost-effective mooring methods, especially in deep-water and ultra-deepwater situations. Over the previous three years, the number of new offshore facilities that use synthetic mooring lines has increased by 25 percent. Industry analysts predict that synthetic mooring systems will account for up to 40% of the global offshore mooring market by 2028, indicating a significant shift in the industry.
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Market Trends:
The offshore mooring sector is rapidly transitioning to the usage of synthetic mooring systems. These systems, made of materials like as polyester and high-modulus polyethylene (HMPE), have various advantages over traditional steel chain and wire rope systems, including reduced weight, increased fatigue resistance, and decreased maintenance requirements. This study is motivated by the need for more efficient and cost-effective mooring methods, especially in deep-water and ultra-deepwater situations. Over the previous three years, the number of new offshore facilities that use synthetic mooring lines has increased by 25 percent. Industry analysts predict that synthetic mooring systems will account for up to 40% of the global offshore mooring market by 2028, indicating a significant shift in the industry.
Market Segmentation:
FPSOs dominate the offshore mooring industry, accounting for more than YY% of the overall market value. The superiority of FPSOs over fixed platforms stems from their agility, ability to work in remote and deep-water zones, and cost-effectiveness.
The global FPSO market is estimated to reach significant levels by 2031, increasing at a 4.8% CAGR between 2024 and 2031. This growth has a direct impact on the need for offshore mooring systems, as each FPSO requires a robust mooring solution.
Major oil and gas companies are increasing spending for FPSO projects. For example, a major oil company recently announced plans to install five new FPSOs in deep-water sites over the next three years, at a cost of more than USD XX billion. This project alone is expected to generate a demand for around 100 km of mooring lines and related equipment.
The Tension Leg Platform (TLP) market is also growing quickly, particularly in ultra-deepwater applications. TLP use in water depths higher than 1,500 metres increased by 15% year on year in 2023, owing to its ability to provide a consistent platform for drilling and production activities in difficult environments. This trend is expected to continue, with industry analysts projecting a 20% CAGR for TLP mooring systems in ultra-deepwater applications over the next five years.
Market Key Players:
Delmar Systems, Inc.
Mampaey Offshore Industries B.V.
Trelleborg AB
Offspring International Limited
Bluewater Energy Services B.V.
Lamprell Energy Limited
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The Ultra High Molecular Weight Polyethylene (UHMWPE) Rope Market is projected to grow from USD 235.7 million in 2023 to an estimated USD 455.7 million by 2032, registering a compound annual growth rate (CAGR) of 8.59% from 2024 to 2032. Ultra High Molecular Weight Polyethylene (UHMWPE) ropes have been gaining significant attention across various industries due to their high-performance attributes. Known for their remarkable strength, durability, and lightweight characteristics, UHMWPE ropes are designed to outperform traditional materials like steel and other synthetic fibers. The market for UHMWPE ropes has been on a steady rise in recent years, driven by growing demand from marine, defense, aerospace, oil & gas, and sports industries. This article explores the key drivers, trends, and future opportunities in the UHMWPE rope market.
Browse the full report at https://www.credenceresearch.com/report/ultra-high-molecular-weight-polyethylene-rope-market
Market Drivers
1. Rising Demand from the Marine Industry: The marine sector has been one of the largest consumers of UHMWPE ropes due to their lightweight and high-strength properties. Applications such as mooring lines, towing ropes, and winches rely heavily on the performance characteristics of these ropes. Additionally, UHMWPE ropes are highly resistant to UV radiation and saltwater, making them a suitable choice for long-term use in maritime environments. As global trade and shipping activities increase, the demand for reliable, durable marine ropes is expected to grow, pushing the UHMWPE rope market upward.
2. Growth in Offshore Oil & Gas Exploration: The offshore oil and gas industry is another significant driver of the UHMWPE rope market. Exploration and drilling activities require equipment that can perform reliably in harsh, remote environments. UHMWPE ropes are used in various offshore applications, such as anchor handling, platform positioning, and rigging operations. Their ability to withstand extreme loads and harsh environmental conditions makes them an ideal choice for these industries. The expansion of offshore oil drilling projects, particularly in regions like the Gulf of Mexico, the North Sea, and offshore Brazil, is expected to drive the demand for UHMWPE ropes further.
3. Defense and Aerospace Applications: In the defense and aerospace sectors, UHMWPE ropes are used for critical applications, including parachute lines, helicopter slings, and high-strength tethering systems. These industries require materials that offer high performance with minimal weight, which makes UHMWPE ropes a preferred option. As defense budgets increase worldwide and demand for advanced aerospace technologies rises, the UHMWPE rope market is expected to see continued growth.
4. Sports and Recreational Use: UHMWPE ropes are also gaining traction in sports and recreational activities, particularly in sailing, rock climbing, and paragliding. The ropes' strength-to-weight ratio, low water absorption, and ease of handling make them ideal for outdoor sports enthusiasts. As these activities become more popular globally, demand for UHMWPE ropes is likely to increase.
Market Trends and Innovations
The UHMWPE rope market is witnessing several emerging trends that are likely to shape its future growth trajectory. These include:
- Sustainability and recycling initiatives: As industries focus more on sustainability, the production of UHMWPE ropes with environmentally friendly practices is becoming more important. Manufacturers are increasingly looking for ways to reduce the carbon footprint of their products and promote recycling initiatives. - Technological advancements: Innovations in manufacturing processes are leading to the development of even stronger and more durable UHMWPE ropes. This includes the use of new coatings and treatments that improve resistance to wear, heat, and UV degradation, further extending the ropes’ lifespan.
- Customization and specialized products: With growing demand from diverse industries, there is an increasing focus on developing customized UHMWPE rope solutions tailored to specific requirements. For example, specialized ropes for extreme environments like deep-sea exploration or high-altitude aerospace applications are seeing growing interest.
Challenges
Despite its numerous advantages, the UHMWPE rope market faces some challenges, including high initial costs compared to traditional materials like steel or polyester ropes. Additionally, although UHMWPE ropes are highly durable, they are sensitive to high temperatures, which can limit their use in certain industrial applications.
Future Outlook
The future of the UHMWPE rope market looks promising, with steady growth anticipated in the coming years. According to market analysts, the global UHMWPE rope market is expected to witness a compound annual growth rate (CAGR) of 7% to 9% over the next decade. This growth will be driven by increasing demand from key industries such as marine, oil & gas, defense, and aerospace, along with innovations in product development.
Key players
Marlow Ropes Ltd.
Yangzhou Hyropes Co., Ltd.
Taizhou Hongda Rope & Net Co., Ltd.
Katradis Marine Ropes Ind. S.A.
Samson Rope Technologies, Inc.
Southern Ropes
Dynamica Ropes ApS
Cortland Limited
Teufelberger Holding AG
Yale Cordage Inc
Segments
Based on Product Type
3 Strands
8 Strands
12 Strands
Based on Application
Oil & Gas
Construction
Marine
Military & Aviation
Mining
Others
Based on Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Browse the full report at https://www.credenceresearch.com/report/ultra-high-molecular-weight-polyethylene-rope-market
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Global Offshore Mooring Systems Market Analysis 2024 – Estimated Market Size And Key Drivers
The Offshore Mooring Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Offshore Mooring Systems Market: https://www.thebusinessresearchcompany.com/report/offshore-mooring-systems-global-market-report
According to The Business Research Company’s Offshore Mooring Systems Global Market Report 2024, 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 growth in the historic period can be attributed to deepwater exploration and production, rise in offshore wind energy projects, increase in floating production systems, focus on safety and environmental protection, government initiatives for offshore development, globalization of offshore exploration, rapid development of offshore infrastructure..
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%. The growth in the forecast period can be attributed to emergence of floating solar farms, focus on reducing carbon footprint, enhanced monitoring and control systems, focus on predictive maintenance, floating production storage and offloading (fpso) dominance, expansion of floating lng facilities.. Major trends in the forecast period include technological advancements in mooring designs, dynamic positioning systems, advancements in offshore drilling technologies, pre-laid mooring systems, integration of automation and robotics, strategic partnerships and collaborations..
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.
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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
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 report table of contents includes:
Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis . . .
Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
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The offshore mooring market is anticipated to witness considerable growth during the forecast period. This is attributed to factors, a rise in demand for energy, an increase in offshore oil & gas exploration & production activities, technical advancements in mooring systems, and others. However, high cost associated with initial investment and maintenance of offshore mooring systems and the rapid growth of the renewable energy sector hinders the growth of the market across the globe. Conversely, an increase in investment in newly emerged offshore oil & gas exploration fields and an increase in subsea drilling activities in Africa are anticipated to provide potential growth opportunities for key players operating in the market in the future.
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Coastal Resilience | GZA
GZA supports Coastal resilience port and terminal owners and their port planning and design consultants by providing specialized expertise in the design and construction of marine structures including mooring and berthing systems, piers and wharves, marine bulkheads, revetments, breakwaters, dry docks and crane foundation systems.
The increasing demand for commercial shipping and port access, larger vessel size and the deterioration of existing structures present port siting, engineering and design challenges. The offshore wind market and other emerging marine initiatives are creating a demand to retrofit existing ports to support those industries’ specific needs.
For more information contact us.
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Offshore Mooring Systems Market Size, Share And Global Trend By Type (Single Point Mooring, Taut Leg System, Semi-taut Leg System), By Anchorage (Suction Anchors,Vertical Load Anchors, Drag Embedment Anchors), By Depth Of Operation (Shallow Water, Deepwater), By Application (Floating Production Storage and Offloading,Floating Liquefied Natural Gas, Semi-Submersible Platforms), And Geography Forecast Till 2022-2029
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Research Nester assesses the growth and market size of the global offshore drilling market which is anticipated to be on account of the growing demand for heat and electricity.
New York – June 2, 2023- Research Nester’s recent market research analysis on “Offshore Drilling Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global offshore drilling market in terms of market segmentation by type, depth, and by region.
Rise in Urban Population to Boost Global Offshore Drilling Market
The global offshore drilling market is estimated to grow on account of the rise in urban population. Compared to rural populations, urban people have significantly higher energy needs. This can be attributed to the greater standard of living and higher energy needs of urban dwellers' lifestyles. In urban areas, the demand for energy has skyrocketed. As a result, there is a growing need for offshore drilling.
The oil and gas industry suffered a decrease as a result of high production costs and low oil prices during the petroleum exploration phase. However, as a result of increased oil prices and considerable investment initiatives, there has been a noticeable growth in recent years. This expansion of the offshore drilling market was brought on by a rise in drilling and well intervention activities in the oil and gas industry. Artificial neural networks, machine learning, and other industry 4.0 technologies have improved the productivity of drilling operators and advanced the supply chain view on drilling sites, which is anticipated to lead to an increase in drilling operations.
Some of the major growth factors and challenges that are associated with the growth of the global offshore drilling market are:
Growth Drivers:
Rise in Investment by the Government
Surge in Demand for Vehicles
Challenges:
Many governments throughout the world have introduced various restrictions and strategies to minimize petrol and diesel car emissions in response to growing environmental concerns. With plans to phase out internal combustion engine (ICE) vehicles, China, the United States, Germany, France, Norway, and the United Kingdom have all set particular goals for the adoption of electric vehicles. Thus, it is anticipated that the market would suffer as a result of the rising use of electric vehicles. In consequence, this would have a negative impact on the market's growth over the predicted period.
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By type, the market for offshore drilling is segmented into jackups, semisubmersible, and drill ships. Amongst these, the jackups segment is expected to garner the highest revenue. However, the drillhips are also estimated to grow after jackups. Drillships have been employed in deep and ultra-deepwater lately; they have grown significantly in size and no longer have a mooring system. Instead, they are outfitted with cutting-edge data processing equipment. By managing their thrusters to fight wind, wave, and current forces, these DP systems keep a drillship's position within a narrow set of tolerance.
By region, the North American market for offshore drilling is set to grow by the end of 2035. In this market growth in the region, the petrochemical industry plays a significant driving role. Since more petrochemical products are being used in end-use industries, the petrochemical sector has grown. As a result of political and economic issues, the price of oil and gas in North America also affects market expansion. Furthermore, there has been a surge in the adoption of automobiles which is demanding more oil further influencing market growth. Moreover, there has been growing exploration of offshore resources in this region which would further boost the demand for offshore drilling in this region.
This report also provides the existing competitive scenario of some of the key players of the global offshore drilling market which includes company profiling of Transocean, Ltd., Nabors Industries, Ltd., Seadrill Limited, Saipem S.p.A., Valaris Limited, Diamond Offshore Drilling, Inc., Noble Corporation, China Oilfield Services Limited, Pacific Drilling Co., KCA Deutag, and other.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Offshore Mooring Systems Market Revenue Analysis, Company Revenue Share, Global Forecast Till 2028
Increasing oil and gas production, rising demand for energy globally, and rising purchasing power of consumers are key factors driving growth of market
Market Size – USD 1.93 Billion in 2020, Market Growth – at a CAGR of 4.1%, Market Trends – Increasing offshore oil and gas exploration and production activities
The global Offshore Mooring Systems Market size is expected to reach USD 2.66 Billion by 2028 and register a CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data. Rising demand for energy globally and maturity of a number of onshore gas and oilfields has resulted in increased offshore field exploration activities, which are major factors driving market revenue growth. Rapidly increasing global population and rising demand for energy are major factors expected to continue to drive market growth over the forecast period.
Mooring systems are composed of mooring lines, anchors, wires, and chains and provide anchorage to ships, floating vessels, and platforms over water. Rapid depletion of onshore oil and gas reserves has result in increasing investment in FLNG, FPSO, and SPAR among others for expanding offshore exploration activities. This is expected to fuel revenue growth of market over the forecast period. Mooring systems are primarily dependent on strength of anchors. Mooring lines or anchors attach the ship or floating structure to sea floor and is imperative in subsea production facilities. Increasing investment in Floating Liquefied Natural Gas (FLNG), Floating Production Storage Offloading (FPSO), and Single Point Anchor Reservoir (SPAR) among others, for expanding offshore exploration activities has been increasing significantly due to rapid depletion of onshore oil and gas reserves. Increasing number of mature onshore oil and gas fields have also been boosting offshore exploration and production, and this is expected to fuel revenue growth of the market over the forecast period.
Major companies operating in the market include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, ScanaIndustrier ASA, Delmar Systems, Inc., Sofec, Moorsure Mooring Systems Solutions Pty Ltd, and Blue Water Energy, among others.
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Some Key Highlights From the Report:
Spread mooring type segment is expected to register significant growth rate over the forecast period due to its use in any water depth, on vessels of different sizes, and in applications that necessitate high service life and quality. Growth can also be attributed to its increasing use in unidirectional environment on floating offshore platforms that can endure severe environmental factors.
FPSO segment is expected to account for largest revenue share in the global market over the forecast period. Growth can be attributed to several advantages of FPSOs such as storage, quick offloading, and high cost-efficiency as compared to other permanent platforms.
Vertical load anchors segment revenue is expected to expand considerably over the forecast period owing to their increased capability to withstand horizontal and vertical mooring forces. This characteristic is similar to DEA, but vertical load anchors penetrate deeper. These anchors are also used on most drillings rigs offshore and this is expected to drive segment growth over the forecast period.
Asia Pacific is expected to account for nearly 30% revenue share in the global market over the forecast period, attributable to increasing offshore exploration and production activities in South China Sea and rising demand for FPSOs from countries such as Australia, Indonesia, and China.
In March 2021, Jebb Smith Ltd. formed Oasis Marine Power as a subsidiary to build on company’s expertise in marine mooring systems. Oasis Marine Power is expected to launch Oasis Power Buoy, which is a mooring buoy with electric power supply to be installed at offshore wind farms.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/offshore-mooring-systems-market
For the purpose of this report, Reports and Data has segmented the global offshore mooring systems market based on type, application, anchorage, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Spread
SPM
Dynamic Positioning
Tendons
Application Outlook (Revenue, USD Billion; 2018-2028)
TLP
FPSO
Drill Ships
Semi-submersible
SPAR
Anchorage Outlook (Revenue, USD Billion; 2018-2028)
Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors
Others
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Regional Outlook (Revenue, USD Billion; 2018-2028)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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#Offshore Mooring Systems Market#Offshore Mooring Systems Industry#Offshore Mooring Systems Market size#Offshore Mooring Systems Market share#Offshore Mooring Systems Market trend#Offshore Mooring Systems Market forecast#Offshore Mooring Systems Market growth#Offshore Mooring Systems Market 2021
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Offshore Mooring Systems Market Is Expected To Reach USD 1.32 Billion By 2025 : Grand View Research Inc.
Offshore Mooring Systems Market Is Expected To Reach USD 1.32 Billion By 2025 : Grand View Research Inc.
San Francisco, 18 October 2019: The Report Offshore Mooring Systems Market Analysis By Type (Spread, SPM, Dynamic Positioning, Tendons), By Application (TLP, Semi-Submersible, SPAR, FPSO, Drill Ships), By Anchorage, And Segment Forecasts, 2018 – 2025
The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc.…
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#Offshore Mooring Systems Industry#Offshore Mooring Systems Market#Offshore Mooring Systems Market 2018#Offshore Mooring Systems Market 2025#Offshore Mooring Systems Market Revenue#Offshore Mooring Systems Market Share#Offshore Mooring Systems Market Size
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Offshore Mooring Systems Market Analysis & Forecast To 2023 By Key Players, Share, Trend, Segmentation
Market Research Future published a research report on “Offshore Mooring Systems Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Market Highlights
Mooring system has become an essential technology for ship, floating vessels and several other water bodies. Growth of the maritime industry has led to a rapid adoption of new-age technologies such as offshore mooring system in water transport. As per the report published by Market Research Future (MRFR), the global offshore mooring systems market is set expand at 4.7% CAGR during the projection period (2018-2023).
Mooring system play an important role in anchorage of ships. It facilitates effective anchorage irrespective of the depth of water. Increased inter-regional trade and globalization are amongst the key factors driving the global offshore mooring systems market. Moreover, factors such as increased demand for energy, growing consumption of fossil fuel and expanding population in countries such as India and China are making a positive impact on the market.
Limited technological awareness in water transport sector in developing countries remain a stumbling block for market players. In addition, complex regulatory norms imposed by government in various parts of the world pose significant challenges for the maritime industry, which in turn impacts the water transportation sector. This is also hampering the potential of offshore mooring systems market to some extent. At the same time, many medium and small sized shipping companies may find the inspection & maintenance expenses a major financial limitation. The market is also hindered by the sluggish technological progress made in mooring systems over the years.
Key Players
The prominent players in the global Offshore Mooring Systems Market are includes DELMAR SYSTEMS INC (US), SBM Offshore (Netherlands), MODEC, Inc. (Japan), Offspring International Limited (UK), Mampaey Offshore Industries B.V. (Netherlands), Balltec Ltd. (UK), BW Offshore (Norway), Bluewater (Netherlands), Trelleborg Marine Systems (UAE), and Timberland Equipment Limited (Canada).Get
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Segments:
This study provides an overview of the global offshore mooring systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global offshore mooring systems market by type, by anchorage, by application, and by region.
By Type
Spread
SPM (Single Point Mooring)
Dynamic Positioning
Tendons
Others
By Anchorage
Drag Embedment Anchors (DEA)
Suction Anchors
Vertical Load Anchors
Driven pile
Others
By Application
Tension Leg Platform (TLP)
Semi-Submersible
SPAR
FPSO
Drill Ships
Others
By Region
North America
Asia-Pacific
Europe
Rest of the World
Market Research Analysis:
The global offshore mooring systems market is segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). APAC held the largest market share due to constant demand for energy and clean fuels, followed by North America and Europe. China and India are expected to be major contributors in the regional market.
The European region is poised to exhibit a modest growth rate due to demand from sectors such as renewable energy, petroleum, and subsea exploration. Regulations encouraging sustainable energy development are expected to be the major driver within the regional offshore mooring systems market growth. Developments which can maximize wind and wave energy in France, U.K., and Germany can present growth opportunities in the market.
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Table of Content:
Chapter 1: Offshore Mooring Systems Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Offshore Mooring Systems Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Offshore Mooring Systems Market Effect Factors Analysis
Chapter 12: Global Offshore Mooring Systems Market Forecast
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#Offshore Mooring Systems Market#Offshore Mooring Systems Market Size#Offshore Mooring Systems Market report
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Analysis on Impact of COVID-19-Offshore Mooring Systems Market- Latest Innovations, Analysis, Top Leaders and Forecast 2023
Market Research Future published a research report on “Offshore Mooring Systems Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Market Highlights
Mooring systems are used of supporting the anchorage of floating vessels, carrier and ships. These systems have a tremendous market, which continuous to be fuelled by increased maritime activities worldwide. Market Research Future (MRFR) projects that the global offshore mooring systems market will growth at 4.7% CAGR between 2018 and 2023. Increased oil and gas production is one of the primary factors supporting the market growth.
The expansion of global population and emergence of India and China as major consumer market of the world has led an increase in energy consumption. At the same time, there has been a substantial rise in demand for consumer products. Such economic phenomena can be factored into the growth of the maritime industry. Advances in technology, population growth, growing international trade, expanding consumer markets are some of important elements that are propelling maritime activities. Nevertheless, stricter regulation on manufacturing of offshore mooring systems that mandate the maintenance of stander is impacting the market growth to certain extent. Also, limited resource that can operate advanced ship technologies is viewed as a market impediment. The market will more or less maintain a steady progress despite the restraints mentioned above.
Key Players
The prominent players in the Analysis on Impact of COVID-19-Offshore Mooring Systems Market are includes DELMAR SYSTEMS INC (US), SBM Offshore (Netherlands), MODEC, Inc. (Japan), Offspring International Limited (UK), Mampaey Offshore Industries B.V. (Netherlands), Balltec Ltd. (UK), BW Offshore (Norway), Bluewater (Netherlands), Trelleborg Marine Systems (UAE), and Timberland Equipment Limited (Canada).Get
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Segments:
This study provides an overview of the global offshore mooring systems market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global offshore mooring systems market by type, by anchorage, by application, and by region.
By Type
Spread
SPM (Single Point Mooring)
Dynamic Positioning
Tendons
Others
By Anchorage
Drag Embedment Anchors (DEA)
Suction Anchors
Vertical Load Anchors
Driven pile
Others
By Application
Tension Leg Platform (TLP)
Semi-Submersible
SPAR
FPSO
Drill Ships
Others
By Region
North America
Asia-Pacific
Europe
Rest of the World
Analysis on Impact of COVID-19-Offshore Mooring Systems Market: Regional Analysis
Key regions assessed in the report include Asia Pacific (APAC), North America, the Middle East & Africa (MEA), Latin America and Europe. APAC is expected to remain the largest market for offshore mooring systems during the assessment period. Market in the region is being driven by several factors. Increased inter-regional trade and the exponential growth of export and import activities using waterways in the APAC has opened new avenues of growth for market players. Countries in APAC are posting a higher demand for energy and crude oil. The tremendous economic growth in the region has bolstered the market prospects. Sales of offshore mooring systems are likely to remain strong in APAC during the assessment period, with China spearheading the growth. Meanwhile, North America and Europe command the second and third position respectively. Market growth in these regions is expected to remain steady during the projection period.
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Table of Content:
Chapter 1: Offshore Mooring Systems Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Offshore Mooring Systems Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Offshore Mooring Systems Market Effect Factors Analysis
Chapter 12: Global Offshore Mooring Systems Market Forecast
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#Analysis on Impact of COVID-19-Offshore Mooring Systems Market#Offshore Mooring Systems Market#Offshore Mooring Systems Market Size
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Offshore Mooring Systems Market Will Witness Growth Based On Rising Development Of Shale Drilling Regions For Sustainable Growth Till 2025:Grand View Research,inc
The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market.
Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations.
Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category.
Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. The segment is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025.
Browse full research report on Offshore Mooring Systems Market: http://www.grandviewresearch.com/industry-analysis/offshore-mooring-systems-market
Further key findings from the report suggest:
Tension leg platform (TLP) dominated the global offshore mooring systems industry and was valued at over USD 350.0 million in 2015
The drag embedment anchors (DEA) are anticipated to witness the highest growth, growing at a CAGR of over 2.6% from 2016 to 2025
North America market is projected to witness a steady growth rate over the forecast period and is estimated to generate revenue exceeding USD 320 million by 2025
The U.S. dominated the North America market with a market share of 81.4% in 2015, and anticipated to observe the fastest growth in the region over the forecast period
The offshore mooring demand for FPSO in the U.S. is projected to grow at a high CAGR of 1.9% over the forecast period
Middle East is anticipated to emerge as the fastest growing regional market with a CAGR of 3.1% from 2016 to 2025, in spite of challenges faced in deep-water drilling worldwide. Key players including BP and Total are investing in the region and have become the leading stakeholders.
Some of the major prominent equipment suppliers to mooring service providers include Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, Fossen Shipping, and Scana Industrier ASA
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
For the purpose of this report, Grand View Research has segmented the global offshore mooring systems market on the basis of product, end-use and region:
Offshore Mooring Product Type Outlook (USD Million, 2014 - 2025)
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning
Tendons & Tension Mooring
Others
Offshore Mooring Anchorage Outlook (USD Million, 2014 - 2025)
Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors
Driven pile
Others
Offshore Mooring Application Outlook (USD Million, 2014 - 2025)
Tension Leg Platforms
Semi-Submersible Platforms
SPAR Platforms
FPSO
Drill Ships
Others
Offshore Mooring Regional Outlook (USD Million, 2014 - 2025)
U.S.
Canada
Mexico
UK
Norway
China
Indonesia
India
Saudi Arabia
UAE
Nigeria
Angola
Brazil
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-offshore-mooring-systems-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
#Offshore Mooring Systems Market#Offshore Mooring Systems Market Size#Offshore Mooring Systems Market Analysis#Offshore Mooring Systems Market Trends#Offshore Mooring Systems Market Share
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The 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. Offshore mooring is the process or act of tying a floating structure or ship to a submerged anchoring point. The 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.
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The global offshore mooring systems market size was USD 1.93 billion in 2020 and is expected to register a CAGR of 4.1% during the forecast period. Increasing disposable income and rising demand for clean electricity are factors expected to support market growth
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