Global Offshore Mooring Systems Market Will Grow Over USD 1,500 Million By 2025 – ZMR Blog
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Global Offshore Mooring Systems Market Will Grow Over USD 1,500 Million By 2025

Zion Market Research has published a new report titled “Offshore Mooring Systems Market by Application (Floating, Production, Storage & Offloading, Floating Drilling, Production, Storage & Offloading (FDPSO) Vessels, Floating Liquefied Natural Gas, Tension Leg Platform, Semi-Submersibles, SPAR Platforms, and Others), by Anchor Type (Drag Embedment Anchors, Vertical Load Anchors, and Suction Anchor), and by Mooring Type (Catenary, Taut Leg, Single Point, Spread, Dynamic Positioning, and Semi Taut): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global offshore mooring systems market was around 1,190 million in 2018 and is expected to reach around USD 1,500 million by 2025, at CAGR 4.8% between 2019 and 2025.

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Offshore mooring systems help ships and floating structures to dock temporarily or permanently to keep the vessel immobilized. A mooring system maintains the stability of any floating structure and is designed according to floating vessel size, shape, and various environmental factors like wind, wave, etc. The systems have been widely used in subsea oil and gas exploration, underground drilling, and renewable energy applications. The global offshore mooring systems market is projected to witness substantial growth over the next few years, owing to the rising demand for sea exploration activities. Moreover, the increasing oil and gas exploration demand is likely to fuel the consumption of offshore mooring systems, thereby, propelling market growth. Additionally, the upcoming opportunities in subsea level developments and clean energy are also expected to spur the offshore mooring systems market in the future.

The global offshore mooring systems market is classified on the basis of application, anchor type, and mooring type. The application segment of the offshore mooring systems market is divided into floating liquefied natural gas (FLNG), floating, production, storage and offloading (FPSO), floating drilling, production, storage and offloading (FDPSO) vessels, semi-submersibles, tension leg platform (TLP), SPAR platforms, and others. The FPSO segment has recorded major growth in recent years. Due to the increasing demand for oil and gas exploration and production, the demand for FLNG, TLP, and semi-submersible mooring systems are likely to grow further in the years ahead. Based on mooring type, the offshore mooring systems market includes catenary, taut leg, single point, spread, dynamic positioning, and semi taut. Spread mooring held the largest market share in 2018 and will be dominating the market in the upcoming years. The anchor type segment of the offshore mooring systems market is divided into drag embedment anchors, suction anchor, and vertical load anchors.

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The rising application of offshore mooring systems in the renewable energy industry is projected to drive the European and North American market for offshore mooring systems. In Latin America, the growing discovery of new natural resources will boost the offshore activities, which will eventually boost the region’s offshore mooring systems market. In 2018, the Asia Pacific region contributed the largest share to the global offshore mooring systems market due to the increased number of sea transportation and subsea oil and gas exploration. The areas near the South China Sea accounted for maximum offshore activities in the Asia Pacific region. Moreover, the region is also anticipated to grow at the fastest pace in the future, owing to the rising number of oil and gas exploration and production, owing to increasing oil and gas demand.

Some major players of the global offshore mooring systems market are Mampaey Offshore Industries, KTL Offshore, Viking Sea Tech, Delmar Systems, Intermoor, Baltec Systems, MODEC, BW Offshore, SBM Offshore, and Mooring Systems.

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The report segments the global offshore mooring systems market into:

Global Offshore Mooring Systems Market: Application Analysis

  • Floating, Production, Storage, and Offloading (FPSO)
  • Floating Drilling, Production, Storage, and Offloading (FDPSO) Vessels
  • Floating Liquefied Natural Gas (FLNG)
  • Tension Leg Platform (TLP)
  • Semi-Submersibles
  • SPAR Platforms
  • Others
  • Conductor Support Systems,
  • Fixed Platform
  • Compliant Towers

Global Offshore Mooring Systems Market: Anchor Type Analysis

  • Drag Embedment Anchors (DEA)
  • Vertical Load Anchors (VLA)
  • Suction Anchor

Global Offshore Mooring Systems Market: Mooring Type Analysis

  • Catenary Mooring
  • Taut Leg Mooring
  • Single Point Mooring
  • Spread Mooring
  • Dynamic Positioning
  • Semi Taut Mooring

Global Offshore Mooring Systems Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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