Market Overview:
The global offshore power vessel market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric power and desalination across the globe. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The stationary type vessel segment is expected to dominate the global offshore power vessel market during the forecast period. This segment accounted for a majority share of the global offshore power vessel market in 2017 and is projected to maintain its dominance duringthe forecast period owingto its advantages such as low installation cost, easy maintenance, and long life span as comparedto other types of vessels.
Product Definition:
An offshore power vessel is a large boat or ship that is used to generate electricity from wind turbines or solar panels. These vessels are important for providing clean and renewable energy to coastal communities and offshore oil and gas platforms.
Stationary Type Vessel:
Stationary type vessel is a self-propelled, floating structure used for storing oil and gas. They are built in a way so that they can be moored to the seabed by means of their drilling equipment. The most common form of stationary type vessel is the concrete drilling platform (CDP).
The global offshore power vessels market size was valued at USD 66.8 billion in 2016.
Floating Type Vessel:
Floating type vessel (FTV) is a ship that is built either as a whole or in part on the water, and then float off the completed product into an inland body of water. It can be used for transportation of goods between two points on land. The goods can be transported in both loaded and empty condition. In some cases, it may also involve carrying oil from one point to another in order to transport it as fuel for other machinery/equipment present on board.
Application Insights:
The electric power segment dominated the global offshore power vessel market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity from countries such as China, India, and Brazil among others. Countries such as Saudi Arabia are also planning to invest in large scale solar plants which will increase the need for electricity generation capacity leading to an increased focus on renewable energy sources such as wind and solar which will further propel demand over the forecast period.
The desalination application segment is expected register a significant CAGR of XX% during the same period owing to rising investments by countries like Saudi Arabia in desalination plants along with other water re-use applications across various regions globally including Middle East & Africa, Asia Pacific, North America among others.
Regional Analysis:
Asia Pacific offshore power vessels market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing investments in various countries such as China, India, South Korea and Japan for developing their electricity generation capacities. For instance, in June 2017, state-owned China General Nuclear Power Corp (CGN) and National Offshore Oil Corporation (NOC) signed a contract with Russia's Atomstroyexport company for delivery of two Floating Nuclear Power Units (FNPP). These units are expected to be delivered by 2020s.
North America accounted for the second-largest share in terms of volume after Asia Pacific owing to growing demand from desalination applications on account of rising water scarcity issues coupled with stringent environmental regulations by EPA regarding discharge into marine environment. In addition, rising government initiatives such as “Powering Past Coal†program initiated by U.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising concerns over climate change and its impact on the environment
- Proliferation of renewable energy sources such as solar and wind power
- Government initiatives to promote offshore power generation through subsidies and other incentives
- Technological advancements that have made offshore power generation more efficient, economical, and environmentally friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Power Vessel Market Research Report
By Type
Stationary Type Vessel, Floating Type Vessel
By Application
Electric Power, Desalination, Other
By Companies
A2SEA, MPI-Offshore, Seajacks, Fred. Olsen Windcarrier, Geosea, Van Oord, SEAFOX, Swire Blue Ocean, Gaoh Offshore, A2SEA
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Power Vessel Market Report Segments:
The global Offshore Power Vessel market is segmented on the basis of:
Types
Stationary Type Vessel, Floating Type 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
Electric Power, Desalination, Other
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:
- A2SEA
- MPI-Offshore
- Seajacks
- Fred. Olsen Windcarrier
- Geosea
- Van Oord
- SEAFOX
- Swire Blue Ocean
- Gaoh Offshore
- A2SEA
Highlights of The Offshore Power Vessel 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:
- Stationary Type Vessel
- Floating Type Vessel
- By Application:
- Electric Power
- Desalination
- Other
- 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 Offshore Power Vessel 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An offshore power vessel (OPV) is a type of floating platform used for the construction, maintenance and operation of offshore oil and gas platforms. OPVs are also used for other purposes such as marine transportation, naval support services and renewable energy production.
Some of the major players in the offshore power vessel market are A2SEA, MPI-Offshore, Seajacks, Fred. Olsen Windcarrier, Geosea, Van Oord, SEAFOX, Swire Blue Ocean, Gaoh Offshore, A2SEA.
The offshore power vessel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Offshore Power Vessel 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 Offshore Power Vessel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Offshore Power Vessel 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 Offshore Power Vessel 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 Offshore Power Vessel Market Size & Forecast, 2018-2028
4.5.1 Offshore Power Vessel Market Size and Y-o-Y Growth
4.5.2 Offshore Power Vessel Market Absolute $ Opportunity
Chapter 5 Global Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Type
5.2.1 Stationary Type Vessel
5.2.2 Floating Type Vessel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Applications
6.2.1 Electric Power
6.2.2 Desalination
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Offshore Power Vessel 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 Offshore Power Vessel 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 Offshore Power Vessel Analysis and Forecast
9.1 Introduction
9.2 North America Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Type
9.6.1 Stationary Type Vessel
9.6.2 Floating Type 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 Offshore Power Vessel Market Size Forecast by Applications
9.10.1 Electric Power
9.10.2 Desalination
9.10.3 Other
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 Offshore Power Vessel Analysis and Forecast
10.1 Introduction
10.2 Europe Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Type
10.6.1 Stationary Type Vessel
10.6.2 Floating Type 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 Offshore Power Vessel Market Size Forecast by Applications
10.10.1 Electric Power
10.10.2 Desalination
10.10.3 Other
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 Offshore Power Vessel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Type
11.6.1 Stationary Type Vessel
11.6.2 Floating Type 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 Offshore Power Vessel Market Size Forecast by Applications
11.10.1 Electric Power
11.10.2 Desalination
11.10.3 Other
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 Offshore Power Vessel Analysis and Forecast
12.1 Introduction
12.2 Latin America Offshore Power Vessel 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 Offshore Power Vessel Market Size Forecast by Type
12.6.1 Stationary Type Vessel
12.6.2 Floating Type 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 Offshore Power Vessel Market Size Forecast by Applications
12.10.1 Electric Power
12.10.2 Desalination
12.10.3 Other
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) Offshore Power Vessel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Offshore Power Vessel 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) Offshore Power Vessel Market Size Forecast by Type
13.6.1 Stationary Type Vessel
13.6.2 Floating Type 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) Offshore Power Vessel Market Size Forecast by Applications
13.10.1 Electric Power
13.10.2 Desalination
13.10.3 Other
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 Offshore Power Vessel Market: Competitive Dashboard
14.2 Global Offshore Power Vessel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A2SEA
14.3.2 MPI-Offshore
14.3.3 Seajacks
14.3.4 Fred. Olsen Windcarrier
14.3.5 Geosea
14.3.6 Van Oord
14.3.7 SEAFOX
14.3.8 Swire Blue Ocean
14.3.9 Gaoh Offshore
14.3.10 A2SEA
