Global Offshore Mooring Systems Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
12 May, 2023
The global offshore mooring systems market size is expected to grow from $1.66 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore mooring systems market size is expected to grow to $2.06 billion in 2027 at a CAGR of 4.3%.
Global Offshore Mooring Systems Market Key Driver
The escalating demand for energy is expected to propel the offshore mooring systems market growth going forward. Energy refers to the electricity and power that is generated by using natural resources. Offshore mooring systems are used in the floating wind systems for efficient extraction of energy by facilitating and maximizing energy production and transmission of power using cables and umbilical, as a result, escalating demand for energy increases the demand for offshore mooring systems.
Get a Sample of the global offshore mooring systems market reportGlobal Offshore Mooring Systems Market Segments
The global offshore mooring systems market is segmented:
1) By Type: Single Point Mooring, Taut Leg System, Semi-taut Leg System, Spread Mooring, Dynamic Positioning, Other Types
2) By Anchorage: Suction Anchors, Vertical Load Anchors, Drag Embedment Anchors, Other Anchors
3) By Depth of Operation: Shallow Water, Deepwater
4) By Application: Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), SPAR Platform, Tension Leg Platform (TLP), Semi-Submersible Platforms, Other Applications
5) By Geography: The regions covered in the offshore mooring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global offshore mooring systems market.
Major Offshore Mooring Systems Industry Players
Blue Water Energy LLP, MODEC Inc., Lamprell Plc., SBM Offshore NV, Baltec System Pvt Ltd., FMC Technologies Inc., Rigzone Mooring Systems, Mooring Systems Inc., Offspring International Limited.
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Offshore Mooring Systems Market Overview
Offshore mooring systems refer to a system designed for the act of mooring or tying up a boat to a submerged anchoring point that is not close to the dock or shoreline. They are used to position and stabilize floating production and storage.
Offshore Mooring Systems Global Market Report 2023 provides data on the global offshore mooring systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The offshore mooring systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.