Offshore Mooring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Offshore Mooring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 144 pages •
  • Report ID: 6185719 •
  • Format: PDF
The global offshore mooring systems market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of 6.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Offshore mooring systems comprise mooring lines, anchors, and connectors for berthing ships in floating structures, including piers, bridges, dry docks, and oil drilling and production facilities. At present, several manufacturers are focusing on developing new offshore mooring systems for safe and secure oil and gas exploration and production in unfavorable environmental conditions. This, along with the rapid expansion of the oil and gas industry, is driving the demand for offshore mooring systems around the world to support oil exploration in deeper water.

Offshore Mooring Systems Market Trends:
The escalating demand for energy across the globe and a significant decrease in the number of shallow and onshore gas reserves have resulted in the shifting oil and gas extraction activities to deep-water areas. This represents one of the primary factors bolstering the growth of the offshore mooring systems market. Moreover, the development of advanced features, such as high-temperature gas hydrate basins, to enable precise operations while maximizing safety measures and reducing human efforts is catalyzing the demand for offshore mooring systems. Apart from this, several leading manufacturers are introducing a new generation of deep-water mooring and anchoring vessels and systems. These systems provide solutions to different issues arising on account of seabed conditions, vessel anchoring capabilities, and higher weights and tensions. This, in confluence with the rising adoption of renewable energy sources due to growing environmental concerns and the implementation of stringent regulation by government authorities of numerous countries, is anticipated to fuel the market growth in the forthcoming years.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global offshore mooring systems market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, anchorage and application.

Breakup by Product Type:
Spread Mooring
Single Point Mooring
Dynamic Positioning
Tendons and Tension Mooring

Breakup by Anchorage:
Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors
Driven Pile

Breakup by Application:
Tension Leg Platforms
Semi-Submersible Platforms
SPAR Platforms
Drill Ships

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Balltec Ltd., Balmoral Comtec Ltd, Bluewater Energy Services B.V. (Aurelia Energy N.V.), BW Offshore Limited, Delmar Systems Inc, Lamprell plc, Mampaey Offshore Industries B.V, MODEC Inc., NOV Inc., Offspring International Limited and SBM Offshore N.V. Key Questions Answered in This Report:
How has the global offshore mooring systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global offshore mooring systems market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the anchorage?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global offshore mooring systems market and who are the key players?
What is the degree of competition in the industry?