The Offshore Mooring Systems Global Market Report 2023, provides comprehensive information on the offshore mooring systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Offshore Mooring Systems Global Market Report 2023, the global offshore mooring systems market size is expected to grow from $1.66 billion in 2022 to $1.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The offshore mooring systems market size is expected to grow to $2.06 billion in 2027 at a CAGR of 4.3%.
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Technological developments are a key trend gaining popularity in the offshore mooring systems market. Major companies operating in the offshore mooring systems market are focused on developing new technological solutions to strengthen their market position. For instance, in September 2021, Imenco AS, a Norway-based engineering company engaged in various subsea projects, launched ‘Pacu’, its innovative and transformational cathodic protection technology for mooring systems used in floating wind platforms or offshore aquaculture installations. Pacu is designed to be attached to the mooring chains to extend their lifespan by slowing down the rate of corrosion reducing the risk of mooring system failures to provide a cost-effective solution that can be retrofitted to existing chains. As a result, operations require less handling, shipping, and installation equipment, which lowers their overall carbon footprint. Additionally, numerous maritime sectors, such as offshore wind, as well as the oil and gas sector, including near-shore moorings and permanently anchored offshore buildings, can use Pacu.
The offshore mooring systems market is segmented:
1) By Type: Single Point Mooring, Taut Leg System, Semi-taut Leg System, Spread Mooring, Dynamic Positioning, Other Types
2) By Anchorage: Suction Anchors, Vertical Load Anchors, Drag Embedment Anchors, Other Anchors
3) By Depth of Operation: Shallow Water, Deepwater
4) By Application: Floating Production Storage and Offloading (FPSO), Floating Liquefied Natural Gas (FLNG), SPAR Platform, Tension Leg Platform (TLP), Semi-Submersible Platforms, Other Applications
Asia-Pacific was the largest region in the offshore mooring systems market in 2022.
The table of contents in TBRC’s offshore mooring systems market report includes:
1. Executive Summary
2. Offshore Mooring Systems Market Characteristics
3. Offshore Mooring Systems Market Trends And Strategies
4. Offshore Mooring Systems Market – Macro Economic Scenario
5. Offshore Mooring Systems Market Size And Growth
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26. Africa Offshore Mooring Systems Market
27. Offshore Mooring Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Offshore Mooring Systems Market
29. Offshore Mooring Systems Market Future Outlook and Potential Analysis
30. Appendix
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