#north america offshore support vessels market size

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North America Offshore Support Vessels Market is poised to grow at CAGR of 2 % by 2027. Factors driving North America Offshore Support Vessels Market are less period of investment return from offshore and upcoming offshore wind farm projects in countries such as the United States and Canada.

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Jack-Up Rig Market Forecast 2024-2033

Overview and Scope Jack-up rig refers to an elevated platform with a floating hull and extendable legs that can be lowered to the ocean floor, and raised above sea level as well. It is used in oil and gas extraction, especially drilling oil from deep-sea reservoirs.

Sizing and Forecast The jack-up rig market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to oil and gas exploration activities, regulatory support and approvals, expansion of offshore oil and gas production, renewal and modernization, increased focus on arctic exploration..

The jack-up rig market size is expected to see strong growth in the next few years. It will grow to $4.41 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to growing offshore wind energy sector, recovery in oil prices, regional market expansion, stringent environmental standards, increasing offshore e&p investments.. Major trends in the forecast period include upgradation of aging fleets, deepwater and ultra-deepwater exploration, integration of digital technologies, cost-efficiency measures, market consolidation and collaboration..

Segmentation & Regional Insights The jack-up rig market covered in this report is segmented -

1) By Type: Mobile Offshore Drilling Units, Turbine Installation Vessel, Barges 2) By Water Depth: Shallow Water, Deepwater, Ultra-Deep Water 3) By Application: Oil And Gas, Construction

North America was the largest region in the jack-up rig market in 2023. The regions covered in the jack-up rig market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Driver Impacting Market Growth An increase in demand for oil and gas is expected to propel the growth of the jack-up rig market going forward. Oil and gas refer to natural resources that are extracted from the earth’s subsurface and that are formed over millions of years from the remains of dead plants and animals. The jack-up platform’s support ensures a solid foundation for the uninterrupted oil drilling process, so the increase in demand for oil and gas will propel the growth of the Jack-Up Rig market. For instance, in March 2021, according to the International Energy Agency, a France-based autonomous intergovernmental organization that shapes energy policies, the global oil demand increased from 42.1 million barrels per day, in 2020 to 44.7 million barrels per day, in 2021, whereas the oil demand in Non-OECD countries also increased gradually to reach 51.7 million barrel per day, in 2021 from 48.9 million barrel per day, in 2020. Further, in July 2022, according to IEA, the global gas demand is set to rise by a total of 140 billion cubic meters (BCM) between 2021 and 2025. Therefore, an increase in demand for oil and gas is driving the growth of the jack-up rig market.

Key Industry Players

Major companies operating in the jack-up rig market report are Transocean Ltd., Diamond Offshore Drilling Inc., Nabors Industries Ltd., Rowan Companies Inc., Shelf Drilling Ltd., China Oilfield Services Limited, Seadrill Limited., Noble Corporation, Halliburton Co., ENSCO Inc., KCA Deutag Group, A.P. Moller — Maersk A/S, Schlumberger Ltd., Prosafe SE, Stena Drilling Ltd., AKITA Drilling Ltd., Seajacks Limited, Van Oord Dredging and Marine Contractors BV, Ulstein Group ASA, Abbot Group Limited, Acteon Group Ltd., Sevan Drilling, Pacific Drilling, Northern Offshore Ltd., Maersk Drilling AS, Lamprell PLC, Technical Systems Company, Keppel Offshore & Marine, Sembcorp Marine, GustoMSC

The jack-up rig market report table of contents includes:

1. Executive Summary 2. Jack-Up Rig Market Characteristics 3. Jack-Up Rig Market Trends And Strategies 4. Jack-Up Rig Market — Macro Economic Scenario 5. Global Jack-Up Rig Market Size and Growth . . . 31. Global Jack-Up Rig Market Competitive Benchmarking 32. Global Jack-Up Rig Market Competitive Dashboard 33. Key Mergers And Acquisitions In The Jack-Up Rig Market 34. Jack-Up Rig Market Future Outlook and Potential Analysis 35. Appendix

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Offshore Support Vessel Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027

Originally published on Technavio: Offshore Support Vessel Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027

### **Offshore Support Vessel (OSV) Market Research Report**

#### **1. Executive Summary**

- Overview of the Offshore Support Vessel (OSV) market. - Key findings and market trends. - Growth prospects and emerging opportunities.

#### **2. Introduction**

- Definition and significance of Offshore Support Vessels. - Historical development and evolution of the OSV market.

#### **3. Market Size and Forecast**

- Historical market size and growth. - Current market size and trends. - Future projections and factors influencing growth.

#### **4. Market Segmentation**

- Types of Offshore Support Vessels (Anchor Handling Tug Supply vessels, Platform Supply Vessels, Multi-Purpose Support Vessels, etc.). - Key players and market share in each segment.

#### **5. Competitive Landscape**

- Major OSV manufacturers and suppliers. - SWOT analysis of key companies. - Innovations, partnerships, and technological advancements.

#### **6. Industry Applications**

- Trends in industry applications for OSVs (oil and gas exploration, offshore wind support, subsea construction, etc.). - Market share and growth in each application sector.

#### **7. Technology Trends**

- Trends in technology adoption in OSVs (automation, dynamic positioning systems, fuel efficiency, etc.). - Impact on efficiency, safety, and environmental sustainability.

#### **8. Regulatory Standards**

- Overview of regulatory standards for OSVs. - Compliance challenges and advancements.

#### **9. Global Market Trends**

- Overview of global OSV market trends. - Comparative analysis with other regions and regional considerations.

#### **10. Energy Market Dynamics**

- Drivers of market growth (increased offshore exploration, renewable energy projects, demand for deep-sea drilling). - Challenges and obstacles (fluctuating oil prices, regulatory uncertainties, market saturation). - Opportunities for market expansion (diversification of services, innovative vessel designs, regional market growth).

#### **11. Impact of COVID-19 on the OSV Market**

- Assessment of the impact of the COVID-19 pandemic on the market. - Trends in disrupted operations, delayed projects, and market recovery.

#### **12. Environmental and Sustainability Impact**

- Trends in environmentally friendly and sustainable OSV technologies. - Impact on resource conservation, emissions reduction, and corporate social responsibility.

#### **13. Customer Case Studies**

- Successful implementations of OSV solutions. - Challenges faced by users and lessons learned.

#### **14. Future Technologies in OSVs**

- Trends in emerging technologies impacting OSVs. - Impact on vessel design, propulsion systems, and remote operations.

#### **15. Future Outlook**

Anticipated trends in the OSV market. - Potential disruptions and areas for future growth.

To Learn deeper into this report , View Sample PDF

#### **16. Recommendations**

- Strategic recommendations for OSV manufacturers and operators. - Areas for further research, development, and collaboration.

#### **17. Conclusion**

- Summarize key findings. - Concluding thoughts on the future of the Offshore Support Vessel market.

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Navigating the Future: Floating Production, Storage, and Offloading Market Trends

Floating production storage and offloading market is an offshore production facility that consists of processing equipment and storage for produced hydrocarbons. In the storage facility, oil is stored and handled until it is moved to a big tanker for refining and transporting. It is a floating vessel that is a converted oil big hauler, which is similar to a ship, equipped with production and handling facilities onboard. Furthermore, oil & gas from FPSO is transported to onshore through a big hauler in vessels. These vessels are utilized to extricate or get crude hydrocarbons from ocean beds, which are then handled in locally available preparing facilities.

COVID-19 scenario analysis:

Transportation limitations and stringent government policies toward limited movement of vehicles cause a downturn in the FPSO market in the midst of the COVID-19 pandemic.

Oil companies face problems such as halting of production and decline in oil prices. The U.S. oil prices went negative for the first time in history of the oil industry. For instance, in May, 2020, traders were paying customers to buy oil in the U.S., which imbalanced the oil market, thereby negatively impacting the market growth.

Implementation of lockdown and social distancing norms are expected to delay many oil & gas projects, including complex deep-sea projects that rely on labor and material from across the globe to processing plant extension and pipe-laying.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The FPSO market size is expected to observer vigorous development, owing to increase in focus on offshore exploration and production activities and rise in exploration in deep & ultra-deep-water. As per the International Energy Agency (IEA), yearly capital spending toward offshore oil & gas production exercises is estimated to grow significantly, thereby positively impacting the market growth. In addition, exhausting onshore oil reserves support the organizations of FPSOs. However, the adoption of FPSO systems has declined due to decrease in prices of oil & gas.

Increase in exploitation activities of marginal oil reserves at remote offshore areas combined with the capacity of FPSOs to work without a fixed structure support are anticipated to have a positive impact on the market development. For example, in 2018, an oil field was found in North Western Shelf of Australia. Furthermore, capability of such units to withstand extreme weather conditions is expected to boost the market growth.

Expansion analysis across various regions

North America and the Middle East are the major undiscovered areas, which have negligible quantities of FPSOs and are expected to offer remunerative opportunities for the expansion of the FPSO market in the coming years. North America and Europe hold considerable market share and are expected to witness steady growth in the next few years due to increase in number of oil & gas reserves.

Brazil is anticipated to serve as a lucrative market for FPSOs, owing to increase in oil & gas exploration activities along with adequate government support toward the development of upstream operations, including energy and power. Presence of shallow water oil & gas fields in China, Indonesia, & India and presence of ultra-deep ocean reserves in these areas are evaluated to offer lucrative opportunities over the forecast timeframe for new production storage and offloading market.

Key benefits of the report

This study presents the analytical depiction of the FPSO market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the FPSO market share.

The current market is quantitatively analyzed to highlight the FPSO market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in coming years.

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Marine Engines Market Insights & Future Scope: 2028

Marine Engines Market by Power (<1, 1-5, 5-10, 10-20 & >20) 000 hp, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel and Gas Oil), Engine (Propulsion & Auxiliary), Type and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The Marine Engines Market size is projected to reach a CAGR of 3.9% from 2022 to 2028.

Marine propulsion is the system or mechanism used to generate thrust that allows a small boat or even a ship to move across waterways. Modern ships are usually equipped with mechanical systems consisting of an electric motor turning a propeller, or even pump-jets or an impeller, and they use reciprocating engines as the main source of power.

Growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety are some of the factors that have supported long-term expansion for Marine Engines Market.

The Outbreak of COVID-19 has hindered the growth of the marine propulsion engine market with continuous lockdowns and the subsequent economic slowdown across the world. The most significant near-term impact on marine engines will be felt through supply chains. However, post-pandemic as restrictions eased market expected to gain momentum during the forecast period.

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Regional Analysis

Asia Pacific is expected to be the largest marine engines market during the forecast period. Asia Pacific comprises China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific.

Competitive Landscape

Key Players

MAN Diesel & Turbo

Wartsila

Hyundai Heavy Industries Co. Ltd

Daihatsu Diesel Mfg. Co. Ltd

Caterpillar

Mitsubishi Heavy Industries

Volvo Penta

Rolls-Royce

Cummins

GE Transportation

Deutz AG

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Recent Developments

In August 2021, Yanmar Marine International commenced installations of its new high horsepower 6LF diesel engines, with outstanding results reported from the first project completed in Europe. In the milestone installation, certified Yanmar dealer Motonáutica Balear in Mallorca repowered Magnum 40 motorboat Adriana with two Yanmar 6LF530 models and upgraded the electronics and controls.

In February 2019, MAN Diesel & Turbo SE won the contract to supply the engines for a new harbor tug in Spain, which would be operated by P&O Reyser in the Port of Barcelona, which is expected to enter service from mid-2020.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Marine Engines Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Marine Engines Market is segmented into range, engine, vessel, type, fuel and region.

On the basis of Range

Up to 1000 hp

1001 – 5000 hp

5001 – 10000 hp

10001 – 20000 hp

Above 20000 hp

On the basis of Engine

Propulsion Engine

Auxiliary Engine

On the basis of Vessel

Commercial Vessel

Offshore Support Vessel

Others

On the basis of Type

Two-stroke

Four-stroke

On the basis of Fuel   

Heavy Fuel oil

Intermediate Fuel Oil

Marine Diesel Oil

Marine Gas Oil

Other

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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Offshore Support Vessels (OSV) Market 2021 Latest Insights, Growth Rate, Future Trends and Forecast

Detailed study and analysis of the Offshore Support Vessels (OSV) Market highlights new trends in the Offshore Support Vessels (OSV) industry and provides companies with trading insights. This study helps manufacturers, service providers, suppliers and investors, CEOs to identify opportunities and business optimization strategies to improve their value in the Offshore Support Vessels (OSV) market. Provides important information for well-known companies that are one of the top performing companies. The report provides comprehensive coverage of existing and potential markets as well as an assessment of competitiveness in changing market scenarios.

The report also presents data in the form of charts, tables and figures together with contact details and sales contact information for the major market players in the global market. There is a detailed overview of the competitive landscape of the Offshore Support Vessels (OSV) industry, with all the information gathered and deepened with the SWOT analysis. Opportunities for potential industrial growth have been discovered and the competition risks involved have also been structured.

Top Key Players Profiled in this report are:

Anchor-handling tug supply vessels.

Platform support vessels.

Multipurpose support vessels.

Emergency response/standby and rescue vessels.

Crew vessels.

Seismic vessels.

Report Details : https://cagrreports.com/manufacturing-machinery-equipments-market-research-report/global-offshore-support-vessels-osv-market-status-trends-and-covid-19-impact-report-2022/

The report is an assortment of direct information, subjective and quantitative assessment by industry specialists, contributions from industry examiners and Offshore Support Vessels (OSV) market industry members over the worth chain. The report offers a top to bottom investigation of parent market patterns, macroeconomic measures, and control components. Besides, the report likewise overviews the subjective effect of unmistakable market factors on Offshore Support Vessels (OSV) market sections and geologies.

 The Study Objectives are:

 ●      To analyze global Offshore Support Vessels (OSV) market status, future forecast, growth opportunity, key market and key players.

●      To present the Offshore Support Vessels (OSV) market development in North America, Europe, Asia Pacific, Latin America & Middle East and Africa.

●      To strategically profile the key players and comprehensively analyze their development plan and strategies.

●      To define, describe and forecast the market by product type, market applications and key regions.

 This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Offshore Support Vessels (OSV) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

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Floating LNG Power Vessel Industry Growth, Trends, Demand and Size by 2030

Floating LNG Power Vessel Market is projected to be valued at USD 668.8 Million by 2025, with 4.16% CAGR during the forecast period, 2019–2025. Floating LNG power vessels are specialized offshore vessels that use LNG to generate electricity through onboard components such as steam generators and gas turbines. The lack of power generation infrastructure and shortage of capital investments is the primary factor driving the demand for such temporary power generation solutions.

The global floating LNG power vessel market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. This is because industrialization in the region is growing at a tremendous pace due to the lower cost of labor and materials in the region. However, the cost of installing land-based power generation infrastructure is high. Hence, countries in the region are increasing the installation of floating LNG power vessels. The key players in the region are increasing their presence in the market by introducing a new offering for the region. For instance, in July 2019, Kawasaki Heavy Industries (Japan) introduced a power barge with a generation capacity of 100,000 kW. The power barge has been developed targeting remote areas in South East Asia.

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The floating LNG power vessel market in Europe is expected to be dominated by Germany, owing to the increasing demand for electricity in the country. Furthermore, as the country is focused on reducing its carbon emissions, temporary floating LNG power vessels are expected to witness higher installations in the country to support the grid in Germany.

The Global Floating LNG Power Vessel Market has been segmented based on vessel type, power output, and component. Based on vessel type, the global market is divided into power barge and power ship. The power ship segment is expected to hold a larger share of the market during the forecast period. Based on power output, the global market is segmented into up to 70 MW, 70 MW–350 MW, and above 350 MW. The 70 MW–350 MW segment is expected to grow with the highest CAGR during the forecast period as the engines in this segment are mostly powered by liquid fuel or gas. Based on components, the global floating LNG power vessel market has been divided into power generation system and power distribution system. The power generation system segment is expected to hold a larger share of the market due to the increasing demand for integrated IC engines and gas turbine-powered vessels.

The Global Floating LNG Power Vessel Market is expected to grow at 4.16% CAGR during the forecast period.

Key Players

The Key Players operating in the Global Floating LNG Power Vessel Market are Wartsila (Finland), Mitsubishi Heavy Industries, Ltd (Japan), Samsung Heavy Industries Co., Ltd (South Korea), General Electric (US), Siemens (Germany), Man Diesel & Turbo SE (Germany), Waller Marine Inc (US), Power Barge Corporation (US), Chiyoda Corporation (Japan), Hyundai Heavy Industries Co., Ltd. (South Korea), IHI Corporation (Japan), and Caterpillar, Inc. (US).

Scope of the Report

This report provides an in-depth analysis of the global floating LNG power vessel market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global floating LNG power vessel market by vessel type, power output, component, and region.

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Vessel Type

Power Barge

Power Ship

Power Output

Up to 70 MW

70 MW–350 MW

Above 350 MW

Component

Power Generation System

Steam Turbine & Generator

Gas Turbine & IC Engine

Power Distribution System

By Region

North America

Asia-Pacific

Europe

Middle East & Africa

South America

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Indoor Positioning And Indoor Navigation (ipin) Market Scope And Size By Application By 2016 – 2024

Top Drive Systems Market: Overview

Top drive is a mechanical system on a drilling rig that simplifies drilling of borehole for extraction of petroleum, gases and water. Top drive systems are used for mineral exploration, underground storage of unwanted substances, environmental site assessment, geothermal installation, geotechnical investigation and temperature measurement for installing underground utilities. Different components of top drive systems are body (pipe handling system, slurry circulating passage and power swivel), guide rail and block, hydraulic drive, electric drive and control system.

Top drive systems are more favorable than traditional Kelly drive systems as they save time and provide efficiency of drilling operation. The characteristics that make top drive systems popular than traditional Kelly systems are safer drilling operation, back reaming, reduction possibility of stuck pipe incidents and detachable connections.

The major driving factors for global top drive systems market growth are rise in number of drilling rigs, drilling activities and increase in exploration activities. The other factors contributing to the growth of top drive systems market are rise in demand for oil rigs, increase in energy consumption and emerging technologies for extraction of natural resources. Moreover, use of top drive systems for on-shore and off-shore purpose and safety concerns also boosting the growth of top drive systems market. Its machinery reduces substantial time of drilling operation making it suitable for broad adoption in applications such as land drills, ocean drills and offshore drills.

However, development of unconventional reserves, political issues, technological incompetence, environmental concerns and oil spills could restrain the growth of global top drive market.

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The global top drive systems market is segmented on the basis of technology, application, design of vessel and the geography. On the basis of technology, the global top drive systems market is segmented as hydraulic top driver systems and electric top driver systems. The hydraulic top drive systems technology is appropriate for complicated working conditions as it has the ability to resist sand storm, pollution and huge temperature variation. The electric top drive systems are further categorized on the basis of control type into one-to-one, many-to-one, one-to-many and many-to-many control methods.

Different applications of global top drive systems market include onshore and offshore applications. The offshore applications include ultra-deepwater, deep water and shallow water applications. In terms of design of vessel the global top drive systems market is segmented as semi-submersibles, drill ships and jack-up top drive systems. Moreover, on the basis of geography the global top drive systems market is segmented into North America, Europe, Middle East and Africa, Latin America and Asia Pacific.

Top Drive Systems Market: Key Players

The key players of global top drive systems market are Tesco Corporation, Warrior Manufacturing Services Ltd, National Oilwell Varco., China National Petroleum Corporation (CNPC), Cameron International Corporation, Honghua Group Limited, Aker Solutions AS, Bentec GMBH Drilling & Oilfield Systems, Axon Energy Products and Canrig Drilling Technology Limited.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

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Offshore Support Vessel On-board Fuel Monitoring System Market Comprehensive Analysis and Future Estimations by 2026 | ABB, Ascenz Solutions Pte Ltd., Aquametro Oil & Marine AG, BOURBON, CMR Group

Coherent Market Insights has announced the release of a new report titled Offshore Support Vessel On-board Fuel Monitoring System Market 2022, which provides regional and global market data that is expected to grow in value between 2022 and 2026. The insights can help business executives make more cost-effective strategic decisions. It provides a detailed and impartial assessment of current patterns, factors, obstacles, limits, development, prospects, and excessive growth regions, provides a detailed study of global market scope, regional and country-level market size, segmentation, growth, share, competitive landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding and technological innovations all of which will assist stakeholders in developing business strategies.

The global Offshore Support Vessel On-board Fuel Monitoring System market is estimated to account for US$ 910.2 Million by 2026

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁- https://www.coherentmarketinsights.com/insight/request-sample/2577

It establishes the industry's standards of behaviour. The primary purpose of this Offshore Support Vessel On-board Fuel Monitoring System research is to provide industry data and to assist our clients in attaining natural domain expansion. The report provides a realistic overview of the global market and its changing environment to help readers make informed decisions about market changes. This research focuses on the market's prospective opportunities for expanding its operations in present markets. In addition, based on input from industry experts, the research gives actionable insights into the market's future growth to assist readers in establishing successful strategies.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲: ABB, Ascenz Solutions Pte Ltd., Aquametro Oil & Marine AG, BOURBON, CMR Group, DNV GL, EMA Group (BlueTracker), Emerson Electric Co., Ian-Conrad Bergan, LLC (Bergan Blue), Insatech A/S, Krill Systems, Inc., KROHNE Messtechnik GmbH, Marorka Ehf., Nautical Control Solutions (FUELTRAX), Navis, Opsealog, Power Instruments Pte Ltd., Royston Limited, The Triscan Group, World Fuel Services Corporation, and Yxney Maritime AS.

Detailed Segmentation:

Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Vessel Type:

Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Component:

Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Application:

Anchor Handling Towing and Supply Vessel (AHTS)Seismic Vessel

Platform Supply Vessel (PSV)

Well Intervention Vessel

Diving Support Vessel (DSV)

Inspection, Maintenance and Repair Vessel (IMR)

Remote Operating Vessel (ROV)

Others

Hardware

Software

Services

Flow Meters

Sensors

Others

Installation

Training, Maintenance & Support

Consulting

Data Analytics

Performance Optimization

Predictive Maintenance

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

» North America: United States, Canada, and Mexico » South & Central America: Argentina, Chile, Brazil and Others » Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA. » Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe. » Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.

𝗚𝗲𝘁 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘄𝗶𝘁𝗵 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗱𝗮𝘁𝗮 𝘁𝗮𝗯𝗹𝗲𝘀, 𝗮𝗹𝗼𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘁𝗮𝗯𝗹𝗲 𝗼𝗳 𝗰𝗼𝗻𝘁𝗲𝗻𝘁𝘀: https://www.coherentmarketinsights.com/insight/request-pdf/2577

Market Drivers:

The Offshore Support Vessel On-board Fuel Monitoring System Market is primarily driven by a few important aspects, including increasing product appeal among consumers, effective promotional techniques in previously untapped markets, and significant investments in product development. Furthermore, businesses are attempting to keep up with rising demand and deliver the appropriate volume of products to the market.

Key Growths in the Market:

This piece of the report covers the key advancements in the market, including assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and partnerships of key market participants. The study explores the market's main opportunities and identifies the elements that are and will continue to drive industry growth.

Research Methodology:

Porter's Five Forces Model is used to evaluate the global Offshore Support Vessel On-board Fuel Monitoring System market in this study. In order to manage the attractiveness of the Offshore Support Vessel On-board Fuel Monitoring System sector in terms of productivity, the study is undertaken by industry specialists utilising the parameters of Porter's Five Force Model technique. To give a balanced appraisal of the market, the study is guided on the basis of facts and figures. The study also includes a SWOT analysis of the industry, which highlights the market's strengths, weaknesses, opportunities, and threats.

Report Highlights:

• Market size and rate of growth throughout the projection period. • Factors driving the market for Offshore Support Vessel On-board Fuel Monitoring System . • Industry trends that are slowing the growth of the Offshore Support Vessel On-board Fuel Monitoring System market. • Obstacles to market expansion. • Offshore Support Vessel On-board Fuel Monitoring System Market key vendors. • A thorough SWOT analysis. • Existing suppliers' opportunities and threats in the Global Offshore Support Vessel On-board Fuel Monitoring System Market. • Market-influencing elements in different geographical regions. • Strategic campaigns aimed at the top vendors. • Porter Five Force’s analysis of the market in the five major region.

𝗚𝗲𝘁 𝟮𝟬𝟬𝟬 𝗨𝗦𝗗 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗕𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.coherentmarketinsights.com/promo/buynow/2577

FAQ’S:

➣ What are the current market conditions and significant trends in Offshore Support Vessel On-board Fuel Monitoring System industry? ➣ What important strategies are businesses doing to expand their customer base? ➣ What are the important categories in the Offshore Support Vessel On-board Fuel Monitoring System Market, as well as their future potential? ➣ What are the main drivers of the Offshore Support Vessel On-board Fuel Monitoring System Market, and how do they affect the market in the short, medium, and long term? ➣ What is the market size of Offshore Support Vessel On-board Fuel Monitoring System and what are the opportunities for the key player? ➣ What factors are impacting the need for Offshore Support Vessel On-board Fuel Monitoring System in the near future? ➣ What is the influence of various variables on the growth of the global Offshore Support Vessel On-board Fuel Monitoring System market? ➣ What are the most current regional market trends and how successful are they?

𝗧𝗮����𝗹𝗲 𝗢𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:

1. Market Overview

¤ Research Objective and Assumption ¤ Research Objectives ¤ Assumptions ¤ Abbreviations

2. Market Purview

¤ Report Description ¤ Market Definition and Scope ¤ Executive Summary • Market Snippet, By Function • Market Snippet, By Application • Market Snippet, By Region ¤ Coherent Opportunity Map (COM)

3.Market Dynamics, Regulations, and Trends Analysis

¤ Market Dynamics • Drivers • Restraints • Market Opportunities • Regulatory Scenario • Industry Trend • Merger and Acquisitions • New system Launch/Approvals • Value Chain Analysis • Porter’s Analysis • PEST Analysis

Continue...

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[marryp]

Trending now: Marine Gensets Market Size, Share, Industry Trends, Growth Insight, Share, Competitive Analysis, Statistics, Regional, And Industry Forecast | Cummins, Mitsubishi Heavy Industries, Caterpillar, etc.

Marine Gensets Market Growing Demand and Growth Opportunity 2027

Marine Gensets Market research is an intelligence report with Research Allied efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. “Marine Gensets Market is growing at a High CAGR during the forecast period 2020-2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. Get the PDF Sample Copy of This Report @ https://www.researchallied.com/request-sample/5658-marine-gensets-market Top Key Players Profiled in this report: Cummins, Mitsubishi Heavy Industries, Caterpillar, Man Diesel & Turbo, Valley Power Systems, Volvo, Kohler, Deutz, Yanmar, ABB, Wartsila, Dresser Rand, Daihatsu Diesel MFG, Rolls-Royce Power System, Sole Diesel Detailed Segmentation: • Global Marine Gensets Market, By Product Type: • Diesel Fuel Marine Gensets, Gas Fuel Marine Gensets, Hybrid Fuel Marine Gensets, Others. • Global Marine Gensets Market, By End User: • Commercial Vessels, Offshore Support Vessels, Defense Vessels, Others.

North America held dominant position in the global Marine Gensets market in 2020, accounting for XX% share in terms of value, followed by Europe and Asia Pacific, respectively.

Key Influence of the Marine Gensets Market: • Comprehensive assessment of all opportunities and risk in the Marine Gensets Market.• Marine Gensets Market recent innovations and major events. • Detailed study of business strategies for growth of the Marine Gensets Market-leading players. • Conclusive study about the growth plot of Marine Gensets Market for forthcoming years.• In-depth understanding of Marine Gensets Market-particular drivers, constraints and major micro markets. • Favourable impression inside vital technological and market latest trends striking the Marine Gensets Market. • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW). • To provide country level analysis of the market with respect to the current market size and future prospective. Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Marine Gensets market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Marine Gensets market’s trajectory between forecast periods.

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Marine Gensets Market

Table of Contents: Report Overview: It includes major players of the global Marine Gensets market covered in the research study, research scope, years considered for the research study, and objectives of the report. Global Growth Trends: It also provides growth rates of key producers operating in the global Marine Gensets market. Market Share by Manufacturers: Here, the Marine Gensets report provides detail about revenue by manufacturers, distribution, and market areas of key companies. Market Size by Type: This section concentrates on product type segments where production value market share by product type are discussed. Market Size by Application: Besides an overview of the global Marine Gensets market by application, it gives a study on the consumption in the global Marine Gensets market by application. Consumption by Region: This segment provides information on the spending in every regional market study in the report. Company Profiles: Almost all leading players of the global Marine Gensets market are profiled in this section. The analysts have provided information about their recent developments in the global Marine Gensets market, products, revenue, production, business, and company. Market Forecast by Production: The production and production value forecasts included in this section are for the global Marine Gensets market as well as for key regional markets. Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the global Marine Gensets market. Want Full Report? Enquire Here @ https://www.researchallied.com/enquire-before/5658-marine-gensets-market If you have any special requirements, please let us know and we will offer you the report as you want. About Us We are a market research and consulting service provider which is supported by numerous groups of people having extensive experience in their respective domains. We have collaboration with the industry’s leading research providers who works continuously to meet the ever-growing demand for market research throughout the year. Having people from various industries in our team and extensive experience in market research enables our people to address, understand, and offer exact solutions to our clients and satisfy their needs and demands. We understand the value of data and authenticity and how any business needs to grow, thus we have collaborated with several brands and outsourcing companies who are a click ready to identify the gaps between any solution which is offered to you and lacks any insight. Contact: Research Allied Mangalam Chamber, Office No – 16, Paud Road Sankalp Society, Kothrud, Pune, Maharashtra 411038 Phone: +1 650-646-3808 Email: sales@researchallied.com Website: https://www.researchallied.com

[dsiddhant]

The global Offshore Support Vessel Market is projected to reach a size of USD 26.8 billion by 2026, at a CAGR of 4.0%, from an estimated USD 22.0 billion in 2021. The market growth is driven by robust investments in the offshore oil & gas and renewable sectors. Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative opportunities for the Offshore Support Vessel Market. The Asia Pacific is estimated to be the largest offshore support vessel market, followed by Europe and North America in 2020. This trend is expected to continue until 2026. Also, the North American market is projected to be the fastest-growing market during the forecast period. The growth of the offshore support vessel market is driven...

[alex121world]

Seismic Support Vessels Market Revenue, Driving Factors, Key Players, Strategies 2027

Market Overview:

Seismic support vesselsare vessels that are particularly designed to transport oil and gas, personnel and drilling equipment to offshore. Offshore support vessels are designed as anchor handling vessels, platform supply vessels, crew boats, seismic vessels, combination vessels and other. The seismic support vessels operate mostly in seas and oceans to help the oil companies to study the subsea geological structures and to recognize possible hydrocarbon reserves. Seismic support vessels market is projected to grow in the coming years, in 2017 market size of the seismic support vessels was XX million and in 2028 is expected to reach at XX million with the CAGR of XX%.

Market Dynamics:

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With the advancement of technologies in the offshore oil & gas industry, activities such as seismic surveys are on the rise to minimize the environmental impact of oil and gas exploration on Earth as well as to reduce the probability of drilling dry wells. This factor propels the demand for seismic support vessels, which in turn accelerates the growth of the seismic support vessels market. To increase the security and safety of the countries, most nations have increased their defence budgets, which is expected to positively impact the growth of the seismic support vessels market. Seismic support vessels also help determine natural calamities and are useful in research surveys. Manufacturers of seismic support vessels continuously focus on integrating advanced technologies and features such as high functionality, large work deck, low noise, low fuel consumption and large accommodation capacity seismic support vessels, which can increase the efficiency, capacity and optimize the accuracy of geological and hydrographic survey in harsh conditions.

Market Players:

Bourbon Corporation SA, Hornbeck Offshore Services, Inc., SEACOR Marine LLC, Tidewater Inc., AbdonCallais Offshore, LLC, Farstad Shipping ASA, Island Offshore Management AS, Halul Offshore Services Company W.L.L., Edison Chouest Offshore, LLC and Maersk Supply Service A/S. are some of the prominent players in the seismic support vessels market.

Market Segmentation:

The seismic support vessels market can be segmented into application, dimension and regions. Based on application the market is segmented into geological survey, oil & gas industry and defence industry. Further on the basis of dimension the seismic support vessels market is segmented into less than 40 m, between 40m – 70m and Greater than 70m. On the basis of region, the seismic support vessels market can be segmented into Europe, North America, APAC, Middle East & Africa and Latin America. In the coming years it is expected that in APAC region, the South East Asia and China will be the most attractive regions in the global seismic support vessels market as they have longer coastlines and these regions show high demand for seismic support vessel from the offshore oil & gas industry.

Market segmented on the basis of application:

- Geological survey - Oil & gas industry - Defence industry

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Market segmented on the basis of fuel used: - Gasoline - Diesel

Market segmented on the basis of region: - North America - US - Canada - Mexico - Europe - UK - Germany - France - Rest of Europe - Asia-Pacific - China - Japan - India - Australia - Rest of Asia-Pacific - Latin America - Brazil - Rest of Latin America - Middle East and Africa (MEA) - South Africa - Saudi Arabia - Rest of MEA

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[vivekbajaj-grs]

Global Offshore Supply Vessel Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027

Offshore Supply Vessel (OSV) is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore exploration and production equipment across oil platforms. OSV supports marine offshore drilling activities through the transportation of offshore energy resources, and it also facilitates oil rigs installation process. It is mostly used by oil and gas companies for exploration and production (E&P) activities. OSV is operated by ship owners or by companies that take OSV on lease. In addition, OSV facilitates the maritime logistics operation for various other industries such as Subsea and Deep Water Mining. The offshore supply vessel industry can be broken down into several segments, anchor handling tug supply, platform supply vessel, etc.

Global Offshore Supply Vessel key players include DOF Group, Bourbon Offshore, Solstad Offshore, Edison Chouest, COSL, etc. Global top five manufacturers hold a share about 30%. Asia Pacific is the largest market, with a share about 30%, followed by Europe and North America, both have a share over 37 percent. In terms of product, Multipurpose Support Vessel is the largest segment, with a share over 37%. And in terms of application, the largest application is Shallow Water, followed by Deep Water, etc.

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Market Analysis and Insights: Global Offshore Supply Vessel Market

In 2020, the global Offshore Supply Vessel market size was US$ 11730 million and it is expected to reach US$ 18840 million by the end of 2027, with a CAGR of 6.8% during 2021-2027.

Global Offshore Supply Vessel Scope and Market Size

Offshore Supply Vessel market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Offshore Supply Vessel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Offshore Supply Vessel market is segmented into

Anchor Handling Tug Supply

Platform Supply Vessel

Multipurpose Support Vessel

Standby & Rescue Vessel

Others

Segment by Application, the Offshore Supply Vessel market is segmented into

Shallow Water

Deep Water

Regional and Country-level Analysis:

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Rest of Asia-Pacific

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Rest of Europe

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

Competitive Landscape and Offshore Supply Vessel Market Share Analysis

Offshore Supply Vessel market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Offshore Supply Vessel product introduction, recent developments, Offshore Supply Vessel sales by region, type, application and by sales channel.

The major companies include:

DOF Group Group

Bourbon Offshore

Solstad Offshore

Edison Chouest

COSL

Tidewater

Swire Pacific Offshore

CBO Group

Maersk Supply Service

Siem Offshore

Hornbeck Offshore Services

SEACOR Marine

Island Offshore Group

Havila Shipping ASA

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Table of content

1 Study Coverage 1.1 Offshore Supply Vessel Product Introduction 1.2 Market by Type 1.2.1 Global Offshore Supply Vessel Market Size Growth Rate by Type 1.2.2 Anchor Handling Tug Supply 1.2.3 Platform Supply Vessel 1.2.4 Multipurpose Support Vessel 1.2.5 Standby & Rescue Vessel 1.2.6 Others 1.3 Market by Application 1.3.1 Global Offshore Supply Vessel Market Size Growth Rate by Application 1.3.2 Shallow Water 1.3.3 Deep Water 1.4 Study Objectives 1.5 Years Considered 2 Executive Summary 2.1 Global Offshore Supply Vessel Market Size Estimates and Forecasts 2.1.1 Global Offshore Supply Vessel Revenue 2016-2027 2.1.2 Global Offshore Supply Vessel Sales 2016-2027 2.2 Offshore Supply Vessel Market Size by Region: 2021 Versus 2027 2.3 Offshore Supply Vessel Sales by Region (2016-2027) 2.3.1 Global Offshore Supply Vessel Sales by Region: 2016-2021 2.3.2 Global Offshore Supply Vessel Sales Forecast by Region (2022-2027) 2.3.3 Global Offshore Supply Vessel Sales Market Share by Region (2016-2027) 2.4 Offshore Supply Vessel Market Estimates and Projections by Region (2022-2027) 2.4.1 Global Offshore Supply Vessel Revenue by Region: 2016-2021 2.4.2 Global Offshore Supply Vessel Revenue Forecast by Region (2022-2027) 2.4.3 Global Offshore Supply Vessel Revenue Market Share by Region (2016-20

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[energycentralmarket]

Global Dynamic Positioning System (DPS) Market Outlook 2021-2026 : Kongsberg Gruppen ASA, General Electric, Wartsila Oyj ABP, ABB

The latest market research report, titled ‘ Dynamic Positioning System (DPS) Market,’ methodically compiles the principal components of the Dynamic Positioning System (DPS) market research study. The report comprises an in-depth investigation of the market, underlining the latest growth trends and market dynamics. The report is intended to help readers make an accurate assessment of the present and future market scenarios.

The Dynamic Positioning System (DPS) industry is poised to witness substantial growth during the projected timeframe, demonstrating a robust CAGR of xx%. As per the latest report published by Market Expertz, the global market development is majorly supported by a considerable rise in the demand for products and services offered by this industry. A detailed synopsis of the Dynamic Positioning System (DPS) market valuation, revenue estimation, and market statistics is a key component of the report.   Hence, the report aims to help readers gain viable insights into the competitive spectrum of the Dynamic Positioning System (DPS) market. It further draws attention to the vital business expansion strategies adopted by the leading market contenders to reinforce their global market positions.

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Competitive Landscape

The report presents a holistic investigation of the Dynamic Positioning System (DPS) business mechanism and growth-oriented approaches undertaken by the leading companies operating in this market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological up-gradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Market segments by Top Manufacturers:

Kongsberg Gruppen ASA, General Electric, Wartsila Oyj ABP, ABB, Rolls-Royce, L-3 Communications, AB Volvo Penta, Navis Engineering, Marine Technologies, Praxis Automation & Technology, NORR Systems, Moxa, Mitsui Energing & Shipbuilding, Guidance Navigation

COVID-19 Impact Analysis:

The COVID-19 impact assessment included in this report makes it highly distinctive from other market reports of the same category. Researchers have drawn a major focus on the significant impact of the COVID-19 pandemic on the Dynamic Positioning System (DPS) market. This section depicts the pandemic’s effects on the global economic scenario, which have further impacted the Dynamic Positioning System (DPS) business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the market’s potential downturn. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Dynamic Positioning System (DPS) market, besides offering a future COVID-19 impact assessment.

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Market split by Type can be divided into:

Passenger Ships, Merchant Vessels, Offshore Vessels, Naval Vessels, Other

Market split by Application can be divided into:

Power System, DP Control System, Thruster System, Others

Geographical Analysis:

The latest business intelligence report analyzes the Dynamic Positioning System (DPS) market in terms of market reach and consumer bases in the market’s key geographical regions. The Dynamic Positioning System (DPS) market can be categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa based on geography. This section of the report precisely evaluates the presence of the Dynamic Positioning System (DPS) market in the major regions. It determines the market share, market size, revenue contribution, sales network, and distribution channels of each regional segment.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region

The estimated increase in the consumption rate

The expected growth rate of the regional markets

Proposed growth of the market share of each region

Geographical contribution to market revenue

Key Highlights of the Dynamic Positioning System (DPS) Market Report:

R&D Analysis

Raw Material Sourcing Strategy

Product Mix Matrix

Supply chain optimization analysis

Vendor Management

Location Quotients Analysis

Regional demand estimation and forecast

Pre-commodity pricing volatility

Technological advancements

Carbon Footprint Analysis

Competitive Analysis

Patent Analysis

Mergers & Acquisitions

Cost-Benefit Analysis

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[dsiddhant]

The global Offshore Support Vessel Market is projected to reach a size of USD 26.8 billion by 2026, at a CAGR of 4.0%, from an estimated USD 22.0 billion in 2021. The market growth is driven by robust investments in the offshore oil & gas and renewable sectors. Increasing deepwater activities and decommissioning of aging offshore infrastructure is likely to offer lucrative opportunities for the Offshore Support Vessel Market. The Asia Pacific is estimated to be the largest offshore support vessel market, followed by Europe and North America in 2020. This trend is expected to continue until 2026. Also, the North American market is projected to be the fastest-growing market during the forecast period. The growth of the offshore support vessel market is driven...

[esglatestmarketnews]

Antifouling Coating Market Growth Analysis And Opportunities Forecast Report till 2022

September 17, 2021: Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.

Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth.

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Application Insights

In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.

Regional Outlook

In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs.

China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.

In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favourable government programs along with growing shipping sector in India is anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy.

In 2014, MEA antifouling coatings market was estimated at USD 22.3 million. With the capital expenditure on a rise majorly attributing to development of offshore vessels in Nigeria, Angola and the market is expected to escalate the usage of this product over the coming years.

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Competitive Insights

Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products.

GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future.

Research and Developments in the coatings market including the natural materials from palm oil for instance, may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.

Market Segment:

Application Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

• Shipping Vessels

• Drilling Rigs & Production Platforms

Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

• North America

• U.S.

• Europe

• Germany

• Asia Pacific

• China

• Latin America

• Brazil

• Middle East Africa (MEA)

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com