Global Offshore Mooring Systems Market Size, Drivers, Trends, Opportunities And Strategies – Includes Offshore Mooring Systems Market Report
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The offshore mooring systems market is anticipated to be driven by innovation in manufacturing due to the rising energy demand during the forecast period.
The global offshore mooring systems market 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 offshore mooring systems market size is expected to grow to $2.06 billion in 2027 at a CAGR of 4.3%.
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Global offshore mooring systems Market Segments Include:
- By Type: Single Point Mooring, Taut Leg System, Semi-taut Leg System, Spread Mooring, Dynamic Positioning, Other Types
- By Anchorage: Suction Anchors, Vertical Load Anchors, Drag Embedment Anchors, Other Anchors
- By Depth of Operation: Shallow Water, Deepwater
- By Application: Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), SPAR Platform, Tension Leg Platform (TLP), Semi-Submersible Platforms, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global offshore mooring systems market in 2021.
Major Market Players in the offshore mooring systems market include Blue Water Energy LLP, MODEC Inc., Lamprell Plc., SBM Offshore NV, Baltec System Pvt Ltd., FMC Technologies Inc., Rigzone Mooring Systems.
Technological advancements are a significant trend that is gaining traction in the market for offshore mooring systems. Major companies that sell offshore mooring systems are focusing on developing innovative technological solutions in order to strengthen their market position. For example, in September 2021, Imenco AS, a Norwegian engineering firm involved in a number of subsea projects, introduced “Pacu,” a novel and revolutionary cathodic protection solution for mooring systems used in floating wind farms or offshore aquaculture operations. Pacu is a low-cost solution that can be retrofitted to existing chains. It is intended to be attached to mooring chains to extend their lifespan by reducing the risk of mooring system failures and delaying the rate of corrosion. As a result, less handling, shipping, and installation equipment is required, lowering the overall carbon footprint of operations. Pacu can also be used in a variety of maritime industries, including offshore wind and the oil and gas industry, for near-shore moorings and permanently anchored offshore structures.
The Offshore Mooring Systems Global Market Report 2023 provides a offshore mooring systems market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The offshore mooring systems market forecast analyzes offshore mooring systems market size, offshore mooring systems market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An offshore mooring system is a system for mooring or tying up a boat to a subsurface anchoring point that is not close to a dock or coastline. They are used to build and maintain floating production and storage structures.
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