Offshore Mooring Systems Market Segment Forecasts up to 2021

by Wayne Collins Research Analyst

The global offshore mooring system market stood at US$0.93 bn in 2014 and is predicted to reach US$1.1 bn by 2021. It is predicted to expand at a CAGR of 3.60% from 2015 to 2021

According to the report, the market for offshore mooring systems is propelled by the rising subsea production and exploration and the consistent introduction of technologically advanced products. In addition, factors such as the growing demand for energy and the rise in the prices of gas and oil have also stimulated the growth of the offshore mooring systems market. In addition, the lucrative high-investment areas of the Middle East, Africa, and Latin America have also impacted the market positively. On the other hand, the soaring costs involved in developing the infrastructure of offshore mooring systems may impede the growth of the market in the coming years.

The report segments the market on the basis of type, application, anchorage, and geography.On the basis of type, the market for offshore mooring systems is segmented into taut leg, catenary, semi taut, spread mooring, single point mooring, and dynamic mooring. Amongst these, the segment of catenary systems is at present the most commonly used mooring system utilized in shallow waters. Conventional catenary systems, on the other hand, cannot be used in deepwater facilities.

In terms of application, the market is segmented into spar platforms, tension leg platforms, semi-submersible platforms, production, storage, and offloading (FDPSO), floating production, storage, and offloading (FPSO) vessels, floating liquefied natural gas (FLNG) vessels, and others. Amongst these, FPSOs are being highly demanded owing to them being economical as compared with permanent platforms. Additionally, other benefits associated with the use of FPSOs such as quick offloading and storage are also fuelling their demand within the offshore gas and oil production industry.

Ask of Brief Illustration of this Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3756

In terms of anchorage, the offshore mooring systems market is segmented into suction anchors, drag embedment anchors, and vertical load anchors. Amongst these, to carry on ultra-deepwater drilling, suction anchors have proven to be cost-effective and safe globally. In terms of geography, the report segments the market for offshore mooring systems into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. Amongst these, the region of Asia Pacific emerged as the prime offshore mooring systems market in 2015. This is due to the promising performance of the market in the emerging nations of Japan, Indonesia, China, and Australia.

According to this report, the chief players operating in the offshore mooring systems market are MODEC Inc., SBM Offshore N.V., Delmar Systems Inc., Mampaey Offshore Industries B.V., and BW Offshore Ltd., among others.

The market is segmented as below:

Offshore Mooring Systems Market, by Types

Catenary
Taut Leg
Semi Taut
Single Point mooring
Spread mooring
Dynamic positioning

Offshore Mooring Systems Market, by Application

Tension Leg platforms
Semi Submersible platforms
SPAR platforms
FPSO
FDPSO
FLNG

Offshore Mooring Systems Market, by Anchorage

Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr.Sudip.S

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/

Visit : http://researcherville.blogspot.in/