Market Overview:
The global jack-up vessels market is expected to grow from USD 2.5 billion in 2018 to USD 4.1 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for jack-up vessels in the offshore oil & gas and offshore renewables industries, and the increasing investments in civil construction projects across the globe. However, environmental concerns related to offshore drilling may restrain the growth of this market during the forecast period. However , there is a growing demand for jack - up vessels from other sectors such as offshore renewables and off shore civil construction which are anticipatedto register higher CAGRs duringthe forecast period .
Product Definition:
Jack-up vessels are floating platforms that are used to support the installation of offshore oil and gas rigs. They are important because they allow rigs to be installed in water depths that would otherwise be too deep for traditional drilling vessels.
Self-propelled Jack-up Vessel:
Self-propelled jack-up vessel is a type of offshore drilling platform used for oil and gas exploration. It uses the energy from the hydraulic system to drive a rotary drilling mechanism that creates artificial lift, which in turn provides an advantage over conventional rigs as it can continue to operate even if the wind speed increases beyond allowed limits.
The global self-propelled jack-up vessel market size was valued at USD 1,867.1 million in 2016.
Normal Jack-up Vessel:
Normal Jack-up Vessel (NJV) is a type of drilling platform used for oil and gas exploration. It is also known as the conventional rig or conventional wellhead. The normal jack-up vessel consists of a cylindrical steel shell with legs supporting the weight of the drill string at its bottom.
Application Insights:
The offshore oil & gas application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production activities in existing fields, which has resulted in an increased requirement of platforms and pipelines for deep-water drilling operations.
Offshore renewables application segment is expected to witness significant growth over the forecast period owing to rising demand from countries such as China, India, South Korea and Japan for onshore and offshore wind energy generation facilities. Increasing focus on renewable energy generation projects by various governments across various regions will further boost industry expansion during the study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has observed a significant rise in demand for jack-up rigs from offshore oil & gas, offshore wind farms, and other renewable energy projects. Furthermore, increasing investments by various governments for developing new infrastructure such as ports are anticipated to fuel the regional market growth over the forecast period.
The North America market was valued at USD X million in 2017 and is projected to witness considerable growth over the next eight years owing to rising activities pertaining drilling operations along with growing focus on expanding production capacity of unconventional sources such as shale gas.
In recent years, government initiatives have been taken up by countries including Canada (Newfoundland & Labrador), Mexico (Baja California), U.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising oil prices that are encouraging exploration and production activities
- Proliferation of deepwater drilling and ultra-deepwater drilling projects
- Stringent safety regulations for offshore operations that are driving the adoption of jack-up vessels
- Technological advancements in jack-up vessel design and construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Jack-Up Vessels Market Research Report
By Type
Self-propelled Jack-up Vessel, Normal Jack-up Vessel
By Application
Offshore Oil & Gas, Offshore Renewables, Offshore Civil Construction
By Companies
GustoMSC, DEME, Seajacks, Fred. Olsen Windcarrier, Van Oord (MPI-Offshore), GustoMSC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Jack-Up Vessels Market Report Segments:
The global Jack-Up Vessels market is segmented on the basis of:
Types
Self-propelled Jack-up Vessel, Normal Jack-up Vessel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore Oil & Gas, Offshore Renewables, Offshore Civil Construction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GustoMSC
- DEME
- Seajacks
- Fred. Olsen Windcarrier
- Van Oord (MPI-Offshore)
- GustoMSC
Highlights of The Jack-Up Vessels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Self-propelled Jack-up Vessel
- Normal Jack-up Vessel
- By Application:
- Offshore Oil & Gas
- Offshore Renewables
- Offshore Civil Construction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Jack-Up Vessels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Jack-Up Vessels are a type of offshore drilling rig that can be raised and lowered using hydraulic jacks. They are used to drill wells in deep water, and can reach depths of up to 10,000 feet.
Some of the key players operating in the jack-up vessels market are GustoMSC, DEME, Seajacks, Fred. Olsen Windcarrier, Van Oord (MPI-Offshore), GustoMSC.
The jack-up vessels market is expected to grow at a compound annual growth rate of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Jack-Up Vessels Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Jack-Up Vessels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Jack-Up Vessels Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Jack-Up Vessels Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Jack-Up Vessels Market Size & Forecast, 2018-2028
4.5.1 Jack-Up Vessels Market Size and Y-o-Y Growth
4.5.2 Jack-Up Vessels Market Absolute $ Opportunity
Chapter 5 Global Jack-Up Vessels Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Jack-Up Vessels Market Size Forecast by Type
5.2.1 Self-propelled Jack-up Vessel
5.2.2 Normal Jack-up Vessel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Jack-Up Vessels Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Jack-Up Vessels Market Size Forecast by Applications
6.2.1 Offshore Oil & Gas
6.2.2 Offshore Renewables
6.2.3 Offshore Civil Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Jack-Up Vessels Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Jack-Up Vessels Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Jack-Up Vessels Analysis and Forecast
9.1 Introduction
9.2 North America Jack-Up Vessels Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Jack-Up Vessels Market Size Forecast by Type
9.6.1 Self-propelled Jack-up Vessel
9.6.2 Normal Jack-up Vessel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Jack-Up Vessels Market Size Forecast by Applications
9.10.1 Offshore Oil & Gas
9.10.2 Offshore Renewables
9.10.3 Offshore Civil Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Jack-Up Vessels Analysis and Forecast
10.1 Introduction
10.2 Europe Jack-Up Vessels Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Jack-Up Vessels Market Size Forecast by Type
10.6.1 Self-propelled Jack-up Vessel
10.6.2 Normal Jack-up Vessel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Jack-Up Vessels Market Size Forecast by Applications
10.10.1 Offshore Oil & Gas
10.10.2 Offshore Renewables
10.10.3 Offshore Civil Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Jack-Up Vessels Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Jack-Up Vessels Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Jack-Up Vessels Market Size Forecast by Type
11.6.1 Self-propelled Jack-up Vessel
11.6.2 Normal Jack-up Vessel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Jack-Up Vessels Market Size Forecast by Applications
11.10.1 Offshore Oil & Gas
11.10.2 Offshore Renewables
11.10.3 Offshore Civil Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Jack-Up Vessels Analysis and Forecast
12.1 Introduction
12.2 Latin America Jack-Up Vessels Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Jack-Up Vessels Market Size Forecast by Type
12.6.1 Self-propelled Jack-up Vessel
12.6.2 Normal Jack-up Vessel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Jack-Up Vessels Market Size Forecast by Applications
12.10.1 Offshore Oil & Gas
12.10.2 Offshore Renewables
12.10.3 Offshore Civil Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Jack-Up Vessels Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Jack-Up Vessels Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Jack-Up Vessels Market Size Forecast by Type
13.6.1 Self-propelled Jack-up Vessel
13.6.2 Normal Jack-up Vessel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Jack-Up Vessels Market Size Forecast by Applications
13.10.1 Offshore Oil & Gas
13.10.2 Offshore Renewables
13.10.3 Offshore Civil Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Jack-Up Vessels Market: Competitive Dashboard
14.2 Global Jack-Up Vessels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GustoMSC
14.3.2 DEME
14.3.3 Seajacks
14.3.4 Fred. Olsen Windcarrier
14.3.5 Van Oord (MPI-Offshore)
14.3.6 GustoMSC
