Thursday, 28 March 2019

Offshore Supply Vessel Market Size, Share, Segmentation, Application, Trends and Opportunity Forecast From 2019 to 2023 | MRFR


Supply vessel referred as important part for transport and carry out logistics analysis based on their use. Carrying capacity, sailing, loading and unloading capabilities are the main functions for offshore market. Moreover, Delivery platforms help to maintain the requirements of construction and maintenance. Technical innovation of the vessels such as using fiberglass instead of steel provides different companies with substantial benefits from a weight and repair cost perspective. The global offshore supply vessels market is expected to cross USD XX Billion at the end of the forecasted period and is expected to grow at CAGR of approximately XX from 2016 to 2022.
The main drivers of this global offshore support vessel markets are advancement of technology, rapid development in Asian countries, better trade policies, increasing regasification terminals at offshore because of growing LNG demand, and increasing investment in oil and gas and renewable sector worldwide. High operational efficiency is the main challenge that operators need to work upon.  Whereas, government bodies are also revising the equipment safety regulation and increase focus on safe operation of offshore vessel.


Industry Segmentation
The report has analyzed the market based on the three segments: Types, depth, and end-use in the regions of North America, Europe, A.PAC and rest of the world.
On the basis of types, it includes Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel and other. Anchor Handling Towing Vessels forms the majority part of the market.
On the basis of depth, it includes shallow water, Deep water. Shallow water drilling is expected to grow as well as with the advanced technology, operators are entering into deep water and ultra-deep-water zones.
Oil & Gas attributed as holding largest share for offshore supply vessels system. Whereas Asia pacific region shows using offshore supply vessels. The scope of the market has widened over many years owing to the flourishing markets of APAC region.


Regional Analysis
Currently, Asia pacific is dominating the market such as china, Thailand and India countries having the new opportunities for Oil & gas industry. Rapid advancement in process automation and large investments in energy verticals such as oil & gas are driving the growth of Asia pacific. Moreover, Major offshore operators present are expected to play dominant role in market growth over the forecast period. Growing number of deep-water discoveries in this region are estimated to drive subsea drilling and transport activities in the region and driving the market of offshore supply vessels.

Competitive Dashboard
We recognize the key players in the global offshore supply vessels market as Rem Maritime As, Bass Marine Pty Ltd. Harvey Gulf, Bourbon SA, Tidewater, ExxonMobil, Island Offshore Management, Havila Shipping ASA, Intermarine LLC

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