DUBLIN, Jan. 20, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/svt6q6/mooring_systems) has announced the addition of the "Mooring Systems Market by Application, by Anchorage, by Mooring type, by Depth, & by Region - Global Trends & Forecast to 2020" report to their offering.
The increase in the energy demand has resulted in the rise in oil & gas production from the regions such as North America and the Middle East. Due to the maturing onshore oil & gas fields there has been a shift of exploration & production activities towards offshore reserves.
The global mooring systems market is expected to grow from $1.58 Billion in 2015 to $1.89 Billion by 2020, at a CAGR of 3.7%. Asia-Pacific accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period.
The recent decline of oil prices have affected the exploration & production activities across various regions and so the revenues of oil & gas operators. Trickling down the effect, there has been decline in new vessel installation in the field and so the growth of mooring systems is sluggish in 2015. Various players in the market are focusing on contracts & agreements for their geographical expansion and surge in the customer base.
The mooring systems market has also been classified on the basis of mooring type into single point mooring, spread mooring, tendon mooring, and dynamic positioning. Single point mooring occupy the major share among mooring types and is expected to grow at a steady rate during the forecast period.
It finds its major application in the vessel type FPSO and FLNG. It is preferred over the spread mooring due to its ability of easy weathervane, requirement of less mooring legs, and easy offloading. The single point mooring market is expected to grow from an estimated size of $0.68 billion in 2015 to $0.83 billion by 2020.
- BW Offshore Ltd.
- Bluewater Holding B.V.
- Cargotec Corporation
- Delmar Systems, Inc.
- Grup Servicii Petroliere S.A.
- Mampaey Offshore Industries
- Modec, Inc.
- National Oilwell Varco, Inc.
- SBM Offshore N.V.
- Timberland Equipment Limited
- Trellborg AB
- Usha Martin Limited
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Mooring Systems Market, By Depth
7 Mooring Systems Market, By Application
8 Mooring Systems Market, By Type
9 Mooring Systems Market, By Anchorage Type
10 Mooring Systems Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/svt6q6/mooring_systems
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets