Global Offshore Support Vessel Market is expected to grow at a CAGR of 7.5% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 07/24/2017 -- Global Offshore Support Vessel Market is expected to grow at a CAGR of 7.5% from 2017 to 2025. Offshore vessels are ships that ergonomically serve the operations, which include offshore drilling rigs, pipe laying, and oil manufacturing platforms used in the production and exploration activities at the high seas. These vessels provide necessary supplies to the excavation and construction units located at the high seas. Anchor management, platform support, standby capacity, transportation, and mobility of crew members to offshore sites are various other facilities provided by the offshore support vessels. These are one of the fundamental and most resourceful components of the oil & gas industry, which provide the necessary manpower and technical reinforcement for smooth operational processes without any undesired interruptions in the high seas.
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The global offshore support vessel market is segmented based on type, depth, and geography. Based on type, the market is divided into anchor handling tug supply (AHTS), platform supply vessel (PSV), multipurpose support vessel (MPSV), standby & rescue vessel, crew vessel, and other vessels, which include construction support vessels, diving support vessels (DSV), ROV support vessels, and others. Based on depth, it is categorized into shallow water and deep-water. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Rise in the demand for oil & gas.
Discovery of new offshore oil & gas fields, such as Filicudi prospect in the Barents Sea, Colombias Llanos, Valemon in the North Sea, and others.
The decommissioning of ageing offshore oil & gas platforms, subsea wells, and related assets have led to an increase in the expenditure in offshore and subsea sites, which is expected to drive the growth of the offshore support vessel market.
Increasing deep and ultra-deep water hydrocarbon exploration activities in the South China Sea in the Asia-Pacific region.
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High capital investment
Volatility in the prices of crude oil
Key market players in the global offshore support vessel market includes BOURBON, Tidewater Inc., Total SA, ExxonMobil Corporation, Rem Maritime AS, Bass Marine Pty Ltd., Harvey Gulf International Marine, LLC, Island Offshore Management AS, Havila Shipping ASA, and Intermarine LLC.
Anchor Handling Tug Supply (AHTS)
Platform Supply Vessel (PSV)
Multipurpose Support Vessel (MPSV)
Standby & Rescue Vessel
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Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
4. Market by Type
4.1. Anchor Handling Tug Supply (AHTS)
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Platform Supply Vessel (PSV)