Los Angeles, CA -- (SBWIRE) -- 05/15/2019 -- A Platform supply vessel (PSV) is a ship specially designed to supply offshore oil and gas platforms. These ships range from 50 to 100 meters in length and accomplish a variety of tasks. The primary function for most of these vessels is logistic support and transportation of goods, tools, equipment and personnel to and from offshore oil platforms and other offshore structures. In the recent years a new generation of Platform Supply Vessel entered the market, usually equipped with Class 1 or Class 2 Dynamic Positioning System.
Generally, PSV provide support services to offshore drilling (rigs), pipe laying and oil producing assets (production platforms and FPSOs) utilized in E&P activities. It follows then that demand in the PSV market is driven primarily by the underlying demand for oil.
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In the short term, oil prices cannot quickly rebounded, and the entire PSV industry will keep this downturn development, reducing costs through layoffs and wage cuts can help companies ride out the storm to some extent; but it is difficult to enhance the company's competitiveness in the long-term point of view. Appropriate fund-raising or investment will lead to a rapid expansion, in the current environment, decisive acquisitions can quickly enhance corporate brand, and when oil and gas prices rebound, investors will get a huge reward.
The global Platform Supply Vessels (PSV) market was 3440 million US$ in 2018 and is expected to 3520 million US$ by the end of 2025, growing at a CAGR of 0.3% between 2019 and 2025.
This report studies the Platform Supply Vessels (PSV) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Platform Supply Vessels (PSV) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
COSCO Shipping
Vard Group
Xiamen Shipbuilding
Nam Cheong
VT Halter Marine
Americasn SB
Damen
SINOPACIFIC
Shipyard DeHoop
Wuchang Shipbuilding
BAE Systems
Ulstein Verft
Bollinger Shipyards
Bordelon Marine SB
Eastern Shipbuilding Group
Remontowa
Harvey Shipyards
By the product type, the market is primarily split into
PSV < 3000 DWT
PSV > 3000 DWT
By the end users/application, this report covers the following segments
Oil & Gas Production
Offshore Construction
Military
Others
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