Market Overview:
The global offshore mooring systems 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 oil and gas across the globe. Additionally, the growing number of floating production storage and offloading (FPSO) vessels, tension leg platform (TLP), SPARs, semi-submersible rigs, and floating liquefied natural gas (FLNG) vessels are also contributing to the growth of this market. The type segment for offshore mooring systems is divided into SPM Mooring Systems, SMS Mooring Systems, TM Mooring Systems, DP Mooring Systems. The SPM Mooring System segment is projected to lead the global offshore moorings systems market during the forecast period owing to its high usage in FPSOs and FLNG vessels. The application segment for offshore moorings systems is divided into Floating Production Storage & Offloading (FPSO), Tension Leg Platform (TLP), SPARs Semi-Submersible Rigs And Floating Liquefied Natural Gas(FLNG).
Product Definition:
An offshore mooring system is a collection of components used to secure a floating vessel to the seabed. This can be done for a variety of reasons, such as to keep the vessel in place during drilling or production operations, or to temporarily store it in one location. Offshore mooring systems are important for many reasons, chief among them being safety. By keeping vessels in place, offshore mooring systems minimize the risk of accidents and spills. They also make it easier and safer for crews to conduct operations on or around the vessels.
SPM Mooring Systems:
SPM Mooring Systems are used in the oil & gas industry for various applications such as production storage and offloading, offshore drilling platforms, LNG carriers and FPSO's (floating production storage). SPM moors are widely used in deep water conditions where other systems cannot be used. The key driver for this market is increasing demand from emerging economies of Asia Pacific such as India, China and Japan.
SMS Mooring Systems:
SMS mooring systems are a set of rules and protocols that allow ships to safely moored in port without using traditional methods like chains, cables or ropes. The system was initially designed for inland waterway vessels but is now used globally on oceans and large lakes as well. SMS has gained popularity owing to its ability to provide a safer mooring environment by reducing the risk of ship grounding, which is one of the primary concerns for port authorities across the globe.
Application Insights:
The Asia Pacific offshore mooring systems market is anticipated to register a CAGR of XX% over the forecast period owing to the growing demand for oil & gas in China, India, and Japan. The Latin America offshore moorings system market is expected to witness significant growth over the forecast period due to increasing investments in Brazil and other countries of South America.
The Middle East & Africa offshore mooring systems market has witnessed tremendous development opportunities resulting in an increased number of projects including Saudi Arabia's Marjan Oil Field, UAE's Zuluf offshore project, Iran's Safi Gas Field among others. These projects are likely to increase the requirement for Mooring Systems on account of their complexity and duration which will further boost industry growth across all regions during the study period.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional market is characterized by increasing offshore projects, mainly in China, India, South Korea, Indonesia and Malaysia. Increasing oil & gas exploration activities coupled with rising LNG demand from emerging economies such as China and India are some of the major factors contributing to growth in this region.
Asia Pacific was followed by North America which accounted for a significant market share owing to high penetration of mooring systems used for production facilities such as FPSO's (Floating Production Storage & Offloading) and TLP's (Tension Leg Platforms). Europe also held a considerable market share due to increasing offshore drilling activities along with growing adoption of advanced technologies across countries including UK, Germany France Italy Spain Russia Netherlands Belgium Sweden Norway Finland Estonia Greece Turkey etc., thus boosting industry growth.
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 offshore wind farms as a source of renewable energy
- Development of new technologies that improve the efficiency and safety of offshore mooring systems
- Growing demand for oil and gas exploration in deep waters
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Mooring Systems Market Research Report
By Type
SPM Mooring Systems, SMS Mooring Systems, TM Mooring Systems, DP Mooring Systems
By Application
Floating Production Storage & Offloading (FPSO), Tension Leg Platform (TLP), SPAR, Semi-Submersible, Floating Liquefied Natural Gas (FLNG)
By Companies
SBM Offshore, BW Offshore, Delmar Systems, Mampaey Offshore Industries, Modec, Grup Servicii Petroliere, National Oilwell Varco, Trellborg, Bluewater Holding, Cargotec Corporation, Timberland Equipment, Usha Martin Limited, Volkerwessels
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Mooring Systems Market Report Segments:
The global Offshore Mooring Systems market is segmented on the basis of:
Types
SPM Mooring Systems, SMS Mooring Systems, TM Mooring Systems, DP Mooring Systems
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
Floating Production Storage & Offloading (FPSO), Tension Leg Platform (TLP), SPAR, Semi-Submersible, Floating Liquefied Natural Gas (FLNG)
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:
- SBM Offshore
- BW Offshore
- Delmar Systems
- Mampaey Offshore Industries
- Modec
- Grup Servicii Petroliere
- National Oilwell Varco
- Trellborg
- Bluewater Holding
- Cargotec Corporation
- Timberland Equipment
- Usha Martin Limited
- Volkerwessels
Highlights of The Offshore Mooring Systems 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:
- SPM Mooring Systems
- SMS Mooring Systems
- TM Mooring Systems
- DP Mooring Systems
- By Application:
- Floating Production Storage & Offloading (FPSO)
- Tension Leg Platform (TLP)
- SPAR
- Semi-Submersible
- Floating Liquefied Natural Gas (FLNG)
- 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 Mooring Systems 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.
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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?
Offshore Mooring Systems are a type of mooring system that is typically used in offshore oil and gas production. Offshore Mooring Systems are designed to provide stability and security for vessels while they are moored in the water.
Some of the major players in the offshore mooring systems market are SBM Offshore, BW Offshore, Delmar Systems, Mampaey Offshore Industries, Modec, Grup Servicii Petroliere, National Oilwell Varco, Trellborg, Bluewater Holding, Cargotec Corporation, Timberland Equipment, Usha Martin Limited, Volkerwessels.
The offshore mooring systems market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Mooring Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Mooring Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Mooring Systems Market - Supply Chain
4.5. Global Offshore Mooring Systems Market Forecast
4.5.1. Offshore Mooring Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Mooring Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Mooring Systems Market Absolute $ Opportunity
5. Global Offshore Mooring Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Mooring Systems Market Size and Volume Forecast by Type
5.3.1. SPM Mooring Systems
5.3.2. SMS Mooring Systems
5.3.3. TM Mooring Systems
5.3.4. DP Mooring Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Mooring Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Mooring Systems Market Size and Volume Forecast by Application
6.3.1. Floating Production Storage & Offloading (FPSO)
6.3.2. Tension Leg Platform (TLP)
6.3.3. SPAR
6.3.4. Semi-Submersible
6.3.5. Floating Liquefied Natural Gas (FLNG)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Mooring Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Mooring Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Mooring Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Mooring Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Mooring Systems Demand Share Forecast, 2019-2026
9. North America Offshore Mooring Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Mooring Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Mooring Systems Market Size and Volume Forecast by Application
9.4.1. Floating Production Storage & Offloading (FPSO)
9.4.2. Tension Leg Platform (TLP)
9.4.3. SPAR
9.4.4. Semi-Submersible
9.4.5. Floating Liquefied Natural Gas (FLNG)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Mooring Systems Market Size and Volume Forecast by Type
9.7.1. SPM Mooring Systems
9.7.2. SMS Mooring Systems
9.7.3. TM Mooring Systems
9.7.4. DP Mooring Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Mooring Systems Demand Share Forecast, 2019-2026
10. Latin America Offshore Mooring Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Mooring Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Mooring Systems Market Size and Volume Forecast by Application
10.4.1. Floating Production Storage & Offloading (FPSO)
10.4.2. Tension Leg Platform (TLP)
10.4.3. SPAR
10.4.4. Semi-Submersible
10.4.5. Floating Liquefied Natural Gas (FLNG)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Mooring Systems Market Size and Volume Forecast by Type
10.7.1. SPM Mooring Systems
10.7.2. SMS Mooring Systems
10.7.3. TM Mooring Systems
10.7.4. DP Mooring Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Mooring Systems Demand Share Forecast, 2019-2026
11. Europe Offshore Mooring Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Mooring Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Mooring Systems Market Size and Volume Forecast by Application
11.4.1. Floating Production Storage & Offloading (FPSO)
11.4.2. Tension Leg Platform (TLP)
11.4.3. SPAR
11.4.4. Semi-Submersible
11.4.5. Floating Liquefied Natural Gas (FLNG)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Mooring Systems Market Size and Volume Forecast by Type
11.7.1. SPM Mooring Systems
11.7.2. SMS Mooring Systems
11.7.3. TM Mooring Systems
11.7.4. DP Mooring Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Mooring Systems Demand Share, 2019-2026
12. Asia Pacific Offshore Mooring Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Mooring Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Mooring Systems Market Size and Volume Forecast by Application
12.4.1. Floating Production Storage & Offloading (FPSO)
12.4.2. Tension Leg Platform (TLP)
12.4.3. SPAR
12.4.4. Semi-Submersible
12.4.5. Floating Liquefied Natural Gas (FLNG)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Mooring Systems Market Size and Volume Forecast by Type
12.7.1. SPM Mooring Systems
12.7.2. SMS Mooring Systems
12.7.3. TM Mooring Systems
12.7.4. DP Mooring Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Mooring Systems Demand Share, 2019-2026
13. Middle East & Africa Offshore Mooring Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Mooring Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Mooring Systems Market Size and Volume Forecast by Application
13.4.1. Floating Production Storage & Offloading (FPSO)
13.4.2. Tension Leg Platform (TLP)
13.4.3. SPAR
13.4.4. Semi-Submersible
13.4.5. Floating Liquefied Natural Gas (FLNG)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Mooring Systems Market Size and Volume Forecast by Type
13.7.1. SPM Mooring Systems
13.7.2. SMS Mooring Systems
13.7.3. TM Mooring Systems
13.7.4. DP Mooring Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Mooring Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Mooring Systems Market: Market Share Analysis
14.2. Offshore Mooring Systems Distributors and Customers
14.3. Offshore Mooring Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SBM Offshore
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BW Offshore
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Delmar Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mampaey Offshore Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Modec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Grup Servicii Petroliere
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. National Oilwell Varco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trellborg
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bluewater Holding
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cargotec Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Timberland Equipment
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Usha Martin Limited
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Volkerwessels
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
