© 2016 Global Market Insights. All Rights Reserved Mooring System Market Growth Trend & Forecast by Mooring System Market Size, Industry Analysis Report, Regional Outlook (U.S., UK, Norway, China, Australia, Brazil, UAE, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Global Mooring System Market size is estimated to grow rapidly with the increase in subsea production and exploration activities in deep and ultra-deep waters. Increasing consumption of energy owing to rising population and economies is estimated to boost the mooring system market. Lucrative high investment regions in Middle East and Africa have impacted the industry outlook positively. Rising demand for crude oil owing to excessive consumption will propel the offshore mooring system market. As per the International Energy Agency (IEA), global demand for oil was 92.6 million bpd in 2014 and 94 million bpd in Rapid technological advancements in drilling and production capabilities of rigs to aid production and exploration in deep water areas will drive the mooring system market to generate revenue. Increasing production from offshore fields, economic feasibility of projects, unexplored potential for large hydrocarbon reserves in deep water and rising oil and gas prices are the major drivers for rising demand of mooring system market. Global Market Scenario of Mooring System

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- Mooring System Market can be segmented in Floating Production, Storage and Offloading (FPSO), SPAR platforms, Tension Leg platforms, Semi-Submersible platforms, Floating Liquefied Natural Gas (FLNG). The major share of the mooring system market is occupied by FPSO. Offshore platform is a large structure, which facilitates the extraction and processing of crude oil, subsea drilling and temporary storage of extracted products. Offshore mooring systems find major applications in the offshore platforms and vessels. A mooring system is used for anchoring of ships and platforms in water depths. A floating vessel or platform is connected to the sea floor with the help of mooring lines. The mooring lines are made up of chains, wires, synthetic fiber ropes or combination of the three. Environmental factors including winds, currents and waves govern the type of material to be used in manufacturing the mooring lines. Regional Trends:- By region, Asia Pacific followed by Africa and Middle East dominated the industry demand. The significant offshore production facilities are in West Africa, Middle East and Latin America. Newly discovered oil reserves in Arctic region, Brazil, North Sea are also providing growth opportunities for offshore mooring system market. Oil discoveries in African region especially Ghana, Mozambique, Angola and Congo are expected to stimulate production activities and create lucrative business opportunities by investing in the mooring system market.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Some of the notable players of the mooring system market include SBM Offshore, Modec, Lamprell Energy, Cargotec, Offspring and Bluewater Holding among others.

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