DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Mooring Inspection Market by Type (BWI, AWI), Technology (CVI, MPI, UT, Electromagnetic Detection, Mooring Line Dimension Measurement, Others), Region (APAC Latin America, North America, Middle East & Africa, Europe) - Global Forecast to 2020" report to their offering.
The global mooring inspection market is projected to reach USD 362.5 Million by 2020, at a CAGR of 3.4% from 2015 to 2020. The market will grow due to the regulatory requirements for periodic inspection and rising concerns towards increasing mooring safety.
Among all technology segment, the close visual inspection segment is the most popular and fastest-growing segment owing to its reliability in the inspection process. It is considered as the most reliable inspection technique and is commonly used in mooring inspection process. It can be used for both below and above water inspection. In below water inspection, both ROV and diver can perform CVI inspection for the detection of any degradation or failure in mooring systems.
The BWI segment accounted for the largest share of the mooring inspection market in 2014. BWI is the largest segment of the market owing to the higher inspection cost of BWI as compared to AWI; underwater inspection requires sophisticated equipment, diving experts, and risk-based assessment of mooring components.
Offshore industry relies on regular mooring inspection of mooring components for assuring the reliability of these systems, but the available technologies are not always reliable or suitable enough. Various techniques that are used for examining the mooring components by the offshore industry includes CVI, MPI, UT, and electromagnetic detection, among others.
Asia-Pacific held the largest share of the global mooring inspection market in 2014 and is expected to continue doing so during the forecast period. Southeast Asia dominated the Asia-Pacific mooring inspection market, in 2014. The market in Australia is projected to grow at the highest CAGR between 2015 & 2020 in Asia-Pacific.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Mooring Inspection Market, By Type
7 Mooring Inspection Market, By Technology
8 Mooring Inspection Market, By Region
9 Competitive Landscape
10 Company Profiles
- Acteon Group Ltd.
- Deep Sea Mooring As
- Deepocean Group Holding Bv
- Delmar Systems, Inc.
- Dof Subsea
- Moffatt & Nichol
- Oceaneering International, Inc.
- Viking Seatech Ltd.
- Welaptega Marine Limited
For more information visit http://www.researchandmarkets.com/research/sjq36t/mooring
Research and Markets
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mooring-inspection-market-2016---global-forecast-to-2020-rising-concerns-towards-increasing-mooring-safety-drives-the-market---research-and-markets-300269857.html
SOURCE Research and Markets