A new Transparency Market Research report states that 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. The title of the report is “Offshore
Mooring Systems Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 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.
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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.
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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
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