The latest report by IMARC Group, titled “Offshore Mooring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global offshore mooring systems market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.61% during 2023-2028.

Offshore mooring systems are specialized equipment used to maintain the position of ships or floating platforms in all water depths. They typically consist of an anchor system, mooring line, and connectors, and their layout is designed to suit the specific environmental conditions and purpose of the offshore unit. They are crucial in providing permanent or temporary berthing for ships and various floating structures, including dry docks, piers, bridges, and oil drilling or production facilities. As a result, offshore mooring systems find extensive applications as an indispensable component of numerous floating facilities in the oil, gas, and renewable energy industries across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/offshore-mooring-systems-market/requestsample

Offshore Mooring Systems Market Trends and Drivers:

The global offshore mooring systems market is primarily driven by rapid expansion in the oil and gas sector. Moreover, the shifting focus toward deep-water oil and gas extraction due to the depletion of shallow and onshore gas reserves and rising demand for energy is positively influencing the market growth. Additionally, the implementation of stringent policies and regulations by various governments to address offshore complexities and prevent adverse mooring accidents has catalyzed market growth. Furthermore, the development of advanced deep-water mooring and anchoring vessels and systems by key players to tackle problems, such as vessel anchoring capabilities, seabed conditions, higher weights, and tensions, are contributing to the market growth. Other factors, including the emerging floating production storage and offloading (FPSO) technology, heavy investments in deep-water drilling activities, and the surging need for subsea explorations, are also anticipated to propel the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

  • Spread Mooring
  • Single Point Mooring
  • Dynamic Positioning
  • Tendons and Tension Mooring
  • Others

Breakup by Anchorage:

  • Drag Embedment Anchors
  • Suction Anchors
  • Vertical Load Anchors
  • Driven Pile
  • Others

Breakup by Application:

  • Tension Leg Platforms
  • Semi-Submersible Platforms
  • SPAR Platforms
  • FPSO
  • Drill Ships
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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
  • SBM Offshore N.V.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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