Mooring Systems Market Forecast: CAGR to Hit 3.7% to 2020 Driven by Ultra Deep Water Exploration
The mooring systems market is estimated to be USD 1.58 billion in 2015 and is expected to hit size of USD 1.89 billion by 2020. TLP type expected to witness highest growth rate. Asia-Pacific is to lead the global market in terms of growth rate.
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Complete report on Mooring Systems Market spread across 140 pages, profiling 13 companies and supported with 68 tables and 63 figures is now available at http://www.rnrmarketresearch.com/mooring-systems-market-by-application-fpso-tlp-spar-semi-submersible-and-flng-by-anchorage-dea-vla-and-suction-by-mooring-type-spread-spm-dp-and-tendon-by-depth-shallow-deep-ultra-deep-by-region-global-trends-forecast-to-2020-market-report.html .
The mooring systems market is estimated to be USD 1.58 billion in 2015 and is expected reach a market size of USD 1.89 billion by 2020. The market is projected to grow at a CAGR of 3.7% from 2015 to 2020. Decrease in oil & gas production in shallow water basins, untapped potential for large hydrocarbon reserves in deep-water, improvement in technology, and economic viability of projects are major drivers for rising investments in deep-water drilling. On-going discoveries of deep-water hydrocarbon reserves create several opportunities for the oil & gas producers as well as service providers along the value chain, are the major driving factors for the market.
The Tension Leg Platforms (TLP) segment expected to be the third-largest in the mooring systems market in 2015 and is expected to be the highest growing application during the forecast period. There is a continuous increase in TLP installations and capex in the past few years supporting the growth of the market. The TLPs are best suited for the harsh ocean conditions and so are mostly installed in the GOM region giving boost to the application.
In regions, Asia-Pacific has taken the lead with the fastest growth rate among all other regions followed by the Middle East & Africa. Rapid technological developments are improving the drilling and production capability of rigs and vessels which aids exploration and production activities in the deep-water and ultra-deep-water areas across the globe. This has given a boost to the mooring systems market.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key opinion leaders in the amines market were conducted. In Tier 1 (45%), Tier 2 (30%), and Tier 3 (25%) companies. The interviews were conducted with various key people such as C-level (20%), Manager Level (25%), and Others (55%) operating in the mooring systems market. The primary interviews were conducted worldwide covering regions such as North America (35%), Europe (20%), APAC (20%), Middle East – (15%) and RoW (5%)
The companies that are profiled in the report include SBM Offshore (Netherlands), BW Offshore Ltd. (Norway), Modec Inc.(Japan), Bluewater Holding B.V. (Netherlands), Cargotec Corporation (Finland), Delmar Systems, Inc. (U.S.), and Timberland Equipment limited (Canada), Usha Martin Ltd. (India), Volkerwessels (Netherlands), Delmar Systems Inc. (U.S.), Mampaey Offshore Industries (Netherlands), Grup Servicii Petroliere S.A. (Luxembourg), and others. Ask for a discount before order a copy of Mooring Systems Market by Application (FPSO, TLP, SPAR, Semi-submersible and FLNG), by Anchorage (DEA, VLA, and Suction), by Mooring type (Spread, SPM, DP, and Tendon), by Depth (Shallow & Deep/Ultra-deep), & by Region – Global Trends & Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=456501 .
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porters analysis), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments of the mooring systems market, high-growth countries and drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
On a related note, another research titled with Distributed Control System (DCS) Market Global Forecast to 2020lobal Forecast to 2020, says The Distributed Control System (DCS) market is expected to reach USD 19.82 billion by 2020, at a CAGR of 4.91% from 2015 to 2020. Continuous process segment is the largest market, by application. Increasing focus towards power generation from nuclear and renewable energy has been boosting the demand for DCS solutions. Companies like Siemens AG Honeywell International Inc., Yokogawa Electric Corporation Emerson Electric Co., Schneider Electric SE, Rockwell Automation, General Electric Company, Metso Corporation, Azbil Corporation, NovaTech Process Solutions LLC, Toshiba International Corporation Pty Ltd have been profiled in this 160 pages research available at http://www.rnrmarketresearch.com/distributed-control-system-market-dcs-by-industry-oil-gas-chemicals-power-generation-metals-mining-pharmaceutical-paper-pulp-food-beverage-by-component-hardware-software-services-by-application-and-by-region-global-forecast-t-market-report.html .
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