World offshore mooring market is expected to witness a significant growth over next six years. This growth is attributed to increased demand for energy across the globe that has resulted in increased subsea exploration and production. Other factors that drive offshore mooring market are maturity of onshore oil & gas fields, rise in offshore field exploration, emergence of FPSO technology, growing importance of new clean electricity, and high investments from Middle East and Latin America. However, high initial CAPEX, harsh deep sea environmental conditions could limit the growth of the market.
The world offshore mooring market is anticipated to reach a market value of $1,408 million by 2022, registering a CAGR of 5.0% between 2016 and 2022.
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Some of the prominent key players operating in the world offshore mooring market include:
Viking Sea Tech
Baltec Systems Pvt. Ltd.
KTL Offshore Pte Ltd.
Mampaey Offshore Industries B.V.
Mooring Systems Inc.
SBM Offshore N.V.
BW Offshore Ltd.
Sustained growth in offshore mooring technology is a significant factor in ensuring a favorable commercial environment for oil and gas related offshore projects. Moreover, the rise in offshore field exploration has boosted the offshore mooring market. Approximately, one-third portion of the oil and gas extraction worldwide is drawn out from offshore sources.
The report segments the world offshore mooring market on the basis of application, anchorage, mooring type, and geography. On the basis of applications, the market is further segmented into floating production storage & offloading (FPSO) vessels, floating drilling production storage and offloading (FDPSO) vessels, floating liquefied natural gas (FLNG) vessels, tension leg platform (TLP), SPAR platforms, semi-submersibles, and others (conductor support systems, fixed platform and compliant towers). Based on anchor, the market is further divided into drag embedment anchors, suction anchors, and vertical load anchors. On the basis of mooring type segment, the market is further sub-segmented into catenary mooring, taut leg mooring, semi-taut mooring, spread mooring, single point mooring, and dynamic positioning mooring system. By Geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The market is segmented on the basis of pumping system, chemicals, membrane systems, and geography.
MARKET BY PUMPING SYSTEM
Valves and Controls
MARKET BY CHEMICALS
Coagulants and flocculants
Antifoamants and defoamers
Corrosions and scale inhibitors
MARKET BY MEMBRANE SYSTEMS
MARKET BY GEOGRAPHY
Rest of Europe
Rest of Asia Pacific
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