Offshore Mooring Market By Mooring Type (Catenary, Taut, Semi Taut, Spread, Single Point, Dynamic Positioning), By Anchors (Gravity Anchors, Drag Embedment Anchors, Vertical Load Anchors), By Application (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, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global offshore mooring market was valued at $1.2 billion in 2020, and is projected to reach $1.7 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030.
Offshore mooring system forms a predominant part of subsea production facilities. It comprises mooring line, anchor, and connectors installed on the vessels to facilitate the station keeping off the floatation platforms. The emergence of this technology has addressed the soaring needs for floating production, storage, & offloading (FPSOs), and production facilities in deep water and ultra-deep-water projects. It has outpaced the conventional technology of temporary anchors by use of synthetic mud ropes, which has now become a standard in the oil & gas industry. Moreover, it not only helps in extraction of oil from seabed but also has more holding power, causes less damage to the marine environment, and is convenient.
Increase in demand for energy across the globe results in increase in subsea exploration and production, which in turn is expected to drive the growth of the market during the forecast period. In addition, maturity of onshore oil & gas fields, thereby rising offshore field exploration & production is anticipated to be the driving factor during the forecast period. However, high initial capital cost associated with offshore mooring is expected to hamper the growth of the market during the forecast period. On the contrary, rise in investment towards exploration and production of offshore fields is projected to create opportunity for key players in the offshore mooring market in the coming years.
The offshore mooring market is segmented on the basis of mooring type, anchors, application, and region. On the basis of mooring type, it is categorized into catenary, taut, semi-taut, spread, single point, and dynamic positioning. By anchors, it is classified into drag embedment anchors, gravity anchors, and vertical load anchors. On the basis of application, it is classified into 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. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
A comprehensive analysis of the factors that drive and restrict the growth of the global offshore mooring market is provided.
Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
Estimations and forecast are based on factors impacting the global offshore mooring market growth, in terms of value.
Key market players are profiled to gain an understanding of the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
Key Market Segments
By Mooring Type
Catenary
Taut
Semi Taut
Spread
Single Point
Dynamic Positioning
By Anchors
Gravity Anchors
Drag Embedment Anchors
Vertical Load Anchors
By Application
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
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Spain
Italy
Rest of Europe
Asia-Pacific
Japan
India
Australia
South Korea
Rest of Asia-Pacific
China
LAMEA
Latin America
Middle East
Africa
Key Market Players
SOFEC, Inc.
SBM Offshore N.V.
Offspring International
Blue Water Energy, LLP
Mampaey Offshore Industries B.V.
Rigzone Mooring Systems
Delmar Systems Inc
Lamprell Energy
Moorsure Mooring Systems Solutions Pty Ltd
Balltec Ltd
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