The market is segmented by application, anchor, mooring type, and geography.

Portland, OR -- (SBWire) -- 11/07/2017 --Offshore Mooring Market report, published by Allied Market Research, forecasts that the global market is expected to garner $1,408 Million by 2022, growing at a CAGR of 5.0% during the period 2016 - 2022. The spread segment dominated this market, occupying more than one-fourth of the total share of the market revenue in 2015.

The offshore mooring market is expected to witness significant growth over next six years, owing to increased demand for energy due to extensive subsea exploration and production. The other factors driving the offshore mooring market are maturity of onshore oil & gas fields, rise in offshore field exploration, emergence of FPSO technology, growing importance of new clean electricity, and heavy investments from the Middle East and Latin America to develop infrastructure.

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The report segments the world offshore mooring market on the basis of application, anchorage, mooring type, and geography. By application, the market is subsegmented into floating production storage & offloading (FPSO) vessels, floating drilling production storage & offloading (FDPSO) vessels, floating liquefied natural gas (FLNG) vessels, tension leg platform (TLP), SPAR platforms, semi-submersibles, and others (conductor support systems, fixed platform and compliant towers). Based on anchor, the market is divided into drag embedment anchors, suction anchors, and vertical load anchors.

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The increase in demand for energy, clean electricity and maturity of onshore oil and gas fields have a significant impact on the market. In addition, the increase in use of FPSOs (Floating, Production, Storage, and Offloading) and FLNGs create opportunities for the market growth. However, high initial investments in offshore field exploration could restrict the growth of the market.

Offshore Mooring Market Key Segments

By Application

-Floating, Production, Storage & Offloading (FPSO)
-Floating Drilling, Production, Storage & Offloading (FDPSO) Vessels
-Floating Liquefied Natural Gas (FLNG)
-Tension Leg Platform (TLP)
-Semi-Submersibles
-SPAR Platforms
-Others

By Anchor

-Drag Embedment Anchors (DEA)
-Vertical Load Anchors (VLA)
-Suction Anchors

By Mooring Type

-Catenary Mooring
-Taut Leg Mooring
-Single Point Mooring
-Spread Mooring
-Dynamic Positioning
-Semi Taut Mooring