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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Offshore Mooring Systems Market Regional Analysis
Asia Pacific to Hold Substantial Share in the Market Growth of Offshore Mooring Systems
The Asia Pacific region is likely to hold a substantial offshore mooring systems market share over the coming years. This is on account of the rise of offshore fields in Australia, the South China Sea, and other territories. The surging demand for energy has enhanced the demand for exploration projects and is likely to fuel the market growth in the region.
An increase in investments toward oil and gas production and exploration coupled with reducing dependence on imports is further expected to propel the market growth of offshore mooring across the Asia Pacific. The surging drilling and offshore activities especially in countries like China, Thailand, Myanmar, and the Philippines, among others are further anticipated to bolster the market growth of across the region.
Offshore Mooring Systems Market Report Snapshots
Offshore Mooring Systems Market Size
Offshore Mooring Systems Market Growth
Offshore Mooring Systems Market Trends
Offshore Mooring Systems Companies
Offshore Mooring Systems Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market is assessed to grow at a CAGR of 5.0% between 2024 and 2032.
The major market drivers are rapid growth in the oil and gas industry, rising investment in drilling activities and growing drilling operations in the oil & gas industry.
The key market trends anticipated to have a global impact include increased expenditure from oil and gas companies in the exploration and developmental activities and surging industrialisation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various products in the market include tendons, spread mooring single point mooring (SPM), dynamic positioning, and tension mooring, among others.
The major anchorage in the market includes drag embedment anchors (DEA), suction anchors, vertical load anchors, and driven pile, among others.
The key depths supported include shallow water depth (<1,000 M) and deep and ultra-deep-water depth (>1000 M).
The various applications in the market include tension leg platforms (TLP), semi-submersible platforms, spar platform, floating production storage and offloading (FPSO), and drill ships, among others.
The major players in the market are Offspring International Limited, Mampaey Offshore Industries B.V., Trelleborg AB, Scana ASA, Cargotec Corporation (MacGregor), and Acteon Group Ltd., among others.
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