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Offshore Support Vessel Market Trends, Companies, Driver, Segmentation, Forecast to 2024

New research report on Offshore Support Vessel market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Offshore Support Vessel market also includes an in-depth study of the industry's competitive scenario.

Shifting trends toward exploration and production across subsea coupled with ongoing expansion of deep-water projects will drive the offshore support vessel market . Growing measures to untap the unexplored hydrocarbon reserves will further stimulate the business outlook. As per EIA, in 2016, Gulf of Mexico accounted for 16% of total U.S. crude production and 4.5% of dry natural gas production.

Rising demand for floating production units and drillships will foster the platform supply vessel market growth. Growing installation of FPSOs and FLNG platforms on account of its large production and storage capacity will complement the industry outlook. In 2016, Petronas' first FLNG unit commenced its operation with a processing capacity of 1.2 mtpa at the Kanowit deep-water field in Malaysia.

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Global Offshore Support Vessel Market will exceed USD 60 billion by 2024, as reported in the latest study

Offshore Support Vessel Market Trends, Companies, Driver, Segmentation, Forecast to 2024
Offshore Support Vessel Market Trends, Companies, Driver, Segmentation, Forecast to 2024

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Shifting trends towards ecofriendly hydrocarbons owing to rising environmental concerns will embellish the offshore support vessel market growth. Adoption of LNG as fuel by major fleet owners owing to government regulations toward reduction of marine emissions will stimulate the product demand. In 2015, IMO implemented a legislation that focusses toward reduction of NOx content in fuel to 0.5% for the fleets sailing in emission control areas.

U.S. offshore support vessel market is predicted to witness strong growth on account of mature industry and low-risk investment region. Availability of resources across untapped fields along with large ongoing projects will supplement the product demand. A manned tripod structure with a capacity of 5 million cubic feet of gas per day and 4,500 barrels of oil per day is planned to be installed in the U.S. Gulf of Mexico by end of 2017.

Norway offshore support vessel market is predicted to surpass 400 OSV fleet by 2024. Strong orderbook of Norwegian shipyards to cater the O&G industry will positively influence the industry landscape. As per the U.S. Energy Information Administration, in 2016, 7% of global offshore oil production was originated from Norwegian fields.

Saudi Arabia offshore support vessel market is set to witness gain over 4% by 2024. Ongoing drilling activities along with new subsea E&P projects will augment the industry landscape. The country has several fields including Safaniya oil field that produces 1.1 to 1.5 million barrels per day and holds 13% of the world total offshore oil production.

Brazil in 2016, accounted for over 60% of the Latin America offshore support vessel market share. Predominant expansion of deep-water pre-salt projects along with positive outlook towards subsea E&P will embellish the industry outlook.

Major Highlights from Table of contents are listed below for quick lookup into Offshore Support Vessel Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Offshore Support Vessel Market
  • Product trends
  • Application trends

Chapter 3. Offshore Support Vessel Industry Insights

  • Offshore Support Vessel Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Offshore Support Vessel industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Offshore Support Vessel Market Technology & innovation landscape
  • Industry impact forces
  • Offshore Support Vessel Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Offshore Support Vessel Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Offshore Support Vessel Market
  • SWOT Analysis

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