Offshore Mooring Systems Market Size Projected to Surge USD 2.66 Billion by 2028 | Published by Reports and data

Offshore Mooring Systems Market Size To Reach USD 2.66 Bn at a CAGR of 4.1% by 2028 | Increasing offshore oil and gas exploration and production activities

NEW YORK CITY, NEW YORK, UNITED STATES, April 21, 2022 /EINPresswire.com/ -- The global offshore mooring systems market size is expected to reach USD 2.66 Billion by 2028 and register a CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data. Rising demand for energy globally and maturity of a number of onshore gas and oilfields has resulted in increased offshore field exploration activities, which are major factors driving market revenue growth. Rapidly increasing global population and rising demand for energy are major factors expected to continue to drive market growth over the forecast period.

Mooring systems are composed of mooring lines, anchors, wires, and chains and provide anchorage to ships, floating vessels, and platforms over water. Rapid depletion of onshore oil and gas reserves has result in increasing investment in FLNG, FPSO, and SPAR among others for expanding offshore exploration activities. This is expected to fuel revenue growth of market over the forecast period. Mooring systems are primarily dependent on strength of anchors. Mooring lines or anchors attach the ship or floating structure to sea floor and is imperative in subsea production facilities. Increasing investment in Floating Liquefied Natural Gas (FLNG), Floating Production Storage Offloading (FPSO), and Single Point Anchor Reservoir (SPAR) among others, for expanding offshore exploration activities has been increasing significantly due to rapid depletion of onshore oil and gas reserves. Increasing number of mature onshore oil and gas fields have also been boosting offshore exploration and production, and this is expected to fuel revenue growth of the market over the forecast period.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/4090

Major companies profiled in the global market report include - Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, Rigzone Mooring Systems, ScanaIndustrier ASA, Delmar Systems, Inc., Sofec, Moorsure Mooring Systems Solutions Pty Ltd, and Blue Water Energy, among others.

Further key findings from the report suggest

Spread mooring type segment is expected to register significant growth rate over the forecast period due to its use in any water depth, on vessels of different sizes, and in applications that necessitate high service life and quality. Growth can also be attributed to its increasing use in unidirectional environment on floating offshore platforms that can endure severe environmental factors.
FPSO segment is expected to account for largest revenue share in the global market over the forecast period. Growth can be attributed to several advantages of FPSOs such as storage, quick offloading, and high cost-efficiency as compared to other permanent platforms.
Vertical load anchors segment revenue is expected to expand considerably over the forecast period owing to their increased capability to withstand horizontal and vertical mooring forces. This characteristic is similar to DEA, but vertical load anchors penetrate deeper.

To understand how our Offshore Mooring Systems Market report can bring difference to your business strategy:- https://www.reportsanddata.com/download-summary-form/4090

These anchors are also used on most drillings rigs offshore and this is expected to drive segment growth over the forecast period.
Asia Pacific is expected to account for nearly 30% revenue share in the global market over the forecast period, attributable to increasing offshore exploration and production activities in South China Sea and rising demand for FPSOs from countries such as Australia, Indonesia, and China.
In March 2021, Jebb Smith Ltd. formed Oasis Marine Power as a subsidiary to build on company’s expertise in marine mooring systems. Oasis Marine Power is expected to launch Oasis Power Buoy, which is a mooring buoy with electric power supply to be installed at offshore wind farms

To know more about the report @ https://www.reportsanddata.com/report-detail/offshore-mooring-systems-market

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2018-2028)

Spread
SPM
Dynamic Positioning
Tendons

Application Outlook (Revenue, USD Billion; 2018-2028)

TLP
FPSO
Drill Ships
Semi-submersible
SPAR

Anchorage Outlook (Revenue, USD Billion; 2018-2028)

Drag Embedment Anchors
Suction Anchors
Vertical Load Anchors
Others

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/4090

Regional Outlook (Revenue, USD Billion; Volume, Million Tons, 2018-2028)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Take a Look at our Trending Reports by Reports and data:

Structural Adhesives: https://www.reportsanddata.com/report-detail/structural-adhesives-market

Offshore Mooring Systems: https://www.reportsanddata.com/report-detail/offshore-mooring-systems-market

Agricultural Biologicals: https://www.reportsanddata.com/report-detail/agricultural-biologicals-market

Engineered Fluids (Fluorinated Fluids): https://www.reportsanddata.com/report-detail/engineered-fluids-fluorinated-fluids-market

Nickel Sulfate: https://www.reportsanddata.com/report-detail/nickel-sulfate-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Tushar Rajput
Reports and Data
+ 12127101370
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn