Offshore Mooring Systems Market Size, Share, Trends, Growth 2032

Offshore Mooring Systems Industry Prospective:

The global offshore mooring systems market size was evaluated at $2010.24 million in 2023 and is slated to hit $2873.6 million by the end of 2032 with a CAGR of nearly 4.05% between 2024 and 2032.

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Offshore Mooring Systems Market: Overview

In order to offer the users of this report, a comprehensive read of the offshore mooring systems market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for offshore mooring systems market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

The study also includes the market share of the key participants operating in the offshore mooring systems market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of the key players within the market on a regional basis.

Offshore Mooring Systems Market: Growth Factors

Offshore mooring systems are used to keep offshore structures, such as ships and floating platforms, in their desired place. Offshore mooring systems have become an integral part of the marine renewable energy sector. The rapid developments witnessed in the marine renewable sector due to the ever-increasing demand for energy and more complex subsea developments are fuelling the need for mooring systems. The global offshore mooring systems market is projected to witness substantial growth over the next few years, owing to the rising demand for sea exploration activities.

Moreover, the increasing oil and gas exploration demand is likely to fuel the consumption of offshore mooring systems, thereby, propelling the market growth. However, environmental restrictions and high initial investments may hamper this market. Conversely, the marine renewable energy industry is projected to offer numerous growth opportunities to the global offshore mooring systems market.

Offshore Mooring Systems Market: Segmentation

The study provides a crucial view of the offshore mooring systems market by segmenting it based on application, anchor type, mooring type, and region.

The application segment of the offshore mooring systems market is divided into floating liquefied natural gas (FLNG), floating, production, storage and offloading (FPSO), floating drilling, production, storage and offloading (FDPSO) vessels, semi-submersibles, tension leg platform (TLP), SPAR platforms, and others. The FPSO segment has recorded major growth in recent years. Due to the increasing demand for oil and gas exploration and production, the demand for FLNG, TLP, and semi-submersible mooring systems are likely to grow further in the years ahead.

Based on mooring type, the offshore mooring systems market includes catenary, taut leg, single point, spread, dynamic positioning, and semi taut. Spread mooring held the largest market share in 2018 and will be dominating the market in the upcoming years.

The anchor type segment of the offshore mooring systems market is divided into drag embedment anchors, suction anchor, and vertical load anchors.

Offshore Mooring Systems Market: Report Scope

Offshore Mooring Systems Market: Regional Insights

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2018, the Asia Pacific region contributed the largest share to the global offshore mooring systems market due to the increased number of sea transportation and subsea oil and gas exploration. The areas near the South China Sea accounted for maximum offshore activities in the Asia Pacific region. Moreover, the region is also anticipated to grow at the fastest pace in the future, owing to the rising number of oil and gas exploration and production, owing to increasing oil and gas demand. The rising application of offshore mooring systems in the renewable energy industry is projected to drive the European and North American market for offshore mooring systems. In Latin America, the growing discovery of new natural resources will boost the offshore activities, which will eventually boost the region’s offshore mooring systems market.

Offshore Mooring Systems Market: Competitive Space

The global offshore mooring systems market profiles key players such as

• Mampaey Offshore Industries
• KTL Offshore
• Viking Sea Tech
• Delmar Systems
• Intermoor
• Baltec Systems
• MODEC
• BW Offshore
• SBM Offshore
• Mooring Systems

The report segments the global offshore mooring systems market into:

Global Offshore Mooring Systems Market: Application Analysis

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

• Conductor Support Systems,
• Fixed Platform
• Compliant Towers

Global Offshore Mooring Systems Market: Anchor Type Analysis

• Drag Embedment Anchors (DEA)
• Vertical Load Anchors (VLA)
• Suction Anchor

Global Offshore Mooring Systems Market: Mooring Type Analysis

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

Global Offshore Mooring Systems Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa