A mooring system comprises mooring line, anchor, and connectors installed on the vessels to facilitate the station keeping away from 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 oil & gas industry. Moreover, it helps in extracting oil from sea beds, has more holding power, causes less damage to the marine environment and is convenient.
World offshore mooring market is expected to witness a significant growth over next six years. This growth is attributed to increased demand for energy across the globe that has resulted in increased subsea exploration and production. Other factors that drive offshore mooring market are maturity of onshore oil & gas fields, rise in offshore field exploration, emergence of FPSO technology, growing importance of new clean electricity, and high investments from Middle East and Latin America. However, high initial CAPEX, harsh deep sea environmental conditions could limit the growth of the market. The world offshore mooring market is anticipated to reach a market value of $1,408 million by 2022, registering a CAGR of 5.0% between 2016 and 2022.
Sustained growth in offshore mooring technology is a significant factor in ensuring a favourable commercial environment for oil and gas related offshore projects. Moreover, the rise in offshore field exploration has boosted the offshore mooring market. Approximately, one third portion of the oil and gas extraction worldwide is drawn out from offshore sources.
The report segments the world offshore mooring market on the basis of application, anchorage, mooring type, and geography. On the basis of applications, the market is further segmented into floating production storage & offloading (FPSO) vessels, floating drilling production storage and offloading (FDPSO) vessels, floating liquefied natural gas (FLNG) vessels, tension leg platform (TLP), SPAR platforms, semi-submersibles, and others (conductor support systems, fixed platform and compliant towers). Based on anchor, the market is further divided into drag embedment anchors, suction anchors and vertical load anchors. On the basis of mooring type segment, the market is further subsegmented into catenary mooring, taut leg mooring, semi-taut mooring, spread mooring, single point mooring, and dynamic positioning mooring system. By Geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the prominent key players operating in the world offshore mooring market include:
Key market segments
MARKET BY PUMPING SYSTEM
MARKET BY CHEMICALS
MARKET BY MEMBRANE SYSTEMS
MARKET BY GEOGRAPHY
Some of the other players involved in the manufacture and supply of offshore mooring include (not profiled in this report):
PV Solar charge controllers, also known as PV solar charge regulators, are used in solar energy systems to protect the battery from being overcharged and over-discharged. The main types of solar charge controllers in this report covered MPPT and PWM. Scope of the Report: This report focuses on the PV Solar Energy ...
January 2018 | $4880 |View Details>>
Submarines need large amounts of electricity to operate safely under water. They charge their batteries using diesel or nuclear-driven generators. Diesel subs must surface to recycle their batteries because carbon monoxide fumes are deadly. Nuclear ones can remain under water for months and even years. Scope of the Report: This report focuses ...
January 2018 | $4880 |View Details>>
This report studies the Biogas market. Biogas is the gaseous product of anaerobic digestion, a biological process in which microorganisms break down biodegradable material in the absence of oxygen. Scope of the Report: This report focuses on the Biogas in Asia-Pacific market, especially in China, Japan, Korea, Taiwan, Southeast Asia, India ...
January 2018 | $4480 |View Details>>
In this report, the global Medium Voltage Fuses market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, ...
January 2018 | $2900 |View Details>>
UPCOMING MARKET RESEARCH REPORTS
2018 © Copyright Big Market Research