Offshore Mooring Systems Market Insights ,Current Trends And Restraints ForecastPosted by Neha Bora on October 18th, 2019 San Francisco, 18 October 2019: The Report Offshore Mooring Systems Market Analysis By Type (Spread, SPM, Dynamic Positioning, Tendons), By Application (TLP, Semi-Submersible, SPAR, FPSO, Drill Ships), By Anchorage, And Segment Forecasts, 2018 – 2025 The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market. Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations. Spread systems were the largest product type while accounting for over 32% market revenue in 2016. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category. Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. The segment is anticipated to witness the fastest growth over the next eight years at a CAGR of 2.6% from 2016 to 2025. Access Research Report of Offshore Mooring Systems Market @ www.grandviewresearch.com/industry-analysis/offshore-mooring-systems-market Further key findings from the report suggest:
Grand View Research has segmented the global offshore mooring systems market on the basis of product, end-use and region: Offshore Mooring Product Type Outlook (USD Million, 2014 - 2025)
Offshore Mooring Anchorage Outlook (USD Million, 2014 - 2025)
Offshore Mooring Application Outlook (USD Million, 2014 - 2025)
Offshore Mooring Regional Outlook (USD Million, 2014 - 2025)
Access Press Release of Offshore Mooring Systems Market @ www.grandviewresearch.com/press-release/global-offshore-mooring-systems-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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