Offshore Mooring Market Size, Share and Forecast (2019-2026)

SKU: DOT46 | Last Updated On: 2019-09-10 | No. of Pages: 195 | Available Formats

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In August 2019, MODEC announced that it had developed the "MODEC NOAH" and "M350", next-generation hulls for Floating Production Storage and Offloading (FPSO) vessels.

Market Overview

The global Offshore Mooring market expected to reach $XX billion by 2026, at a CAGR of over 5% during the forecast period. Mooring systems keep offshore structures in place by withstanding all environmental loads as currents, winds and waves. Rising mooring installation in the renewable energy sector such as wind energy has played a pivotal role in the steady growth of the market.

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The offshore mooring line or anchor rode is the means of connecting the anchor on the seafloor to a large ship or a floating structure at the surface. The mooring line is also called mooring wire, anchor rode, mooring chain, mooring rope, mooring hawser or mooring warp. The continuous exploration of the offshore sector due to the increasing demand for energy and the growth of deeper and more complex subsea installations will further fuel growth in the market.

The report covers all the major trends and drivers playing a vital role in the growth of the global Offshore Mooring market. The global Offshore Mooring market has been segmented based on region, product type, anchorage, and application.

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Market Dynamics

The global Offshore Mooring market growth is primarily driven by a rapid expansion of the oil and gas industry across the globe. According to OPEC National Statistics Bulletin in 2017, the total world proved crude oil reserves increased from 1487 Billion barrels in 2015 to 1,492 billion barrels in 2016. According to the data published in organization of the petroleum exporting countries in 2017, the total world proved natural gas reserve increased from 199.742 billion cubic meters in 2015 to 200.539 billion cubic meters in 2016.

Besides, renewable energy is gaining traction across the world, which is expected to encourage growth in the Offshore Wind Power systems, further resulting in growth of the offshore mooring market. According to International Energy Agency (IEA), Grid-connected offshore wind capacity additions reached almost 4.5 GW in 2018, 15% higher than in 2017. Expansion shifted from the European Union to China: while EU additions declined by 16%, in China they more than tripled to 1.6 GW in 2018. For the first time, China installed more offshore capacity than any other country (1.6 GW), followed by the United Kingdom (1.3 GW) and Germany (0.9 GW). Moreover, New growth markets for offshore wind are emerging in the United States, Chinese Taipei, and Japan. For instance, Chinese Taipei completed an auction for 5.5 GW of offshore wind capacity, and the utility already signed power purchase agreements for 1 GW, with the revised feed-in tariff announced in late February 2019.

Therefore, rising exploration in oil & gas sector coupled with increased investment for offshore wind power systems is expected to further boost growth in global offshore mooring market.

Market Segmentation

Based on product type, the global Offshore Mooring market can be classified into Spread Mooring, Single Point Mooring, Dynamic Positioning, Tendons & Tension Mooring, and Others. In 2018, Spread mooring accounted for the majority share in the market and was expected to retain its dominant position over the forecast period. Spread mooring systems are multi-point mooring systems that moor vessels to the seabed using multiple mooring lines. These are the most common used moors which can be utilized in a wide range of platforms ranging from mobile offshore drilling units (MODU) to the ships with catenary systems being the major product category.

Based on anchorage, the global Offshore Mooring market can be classified into Drag Embedment Anchors (DEA), Suction Anchors, Vertical Load Anchors, Driven pile, and Others. In 2018, the vertical load anchors segment accounted for more than 1/4th market share in the global offshore mooring market. Vertical load anchors are similar to drag anchors as they are installed in the same way. However, the vertical load anchor can withstand both horizontal and vertical mooring forces. It is used primarily in taut leg mooring systems, where the mooring line arrives at an angle at the seabed.

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Regional Analysis

By geography, the global Offshore Mooring Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

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In 2018, APAC held the majority share in the market. China is one of the leading countries in the region as well as globally. Most of the demand in the Asia Pacific is fulfilled by China, India, Malaysia, Australia, and Indonesia.

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Additionally, countries such as Australia, Vietnam, China, and Indonesia have emerged as the leading FPSO markets globally. The regional market is anticipated to witness overwhelming growth over the forecast period owing to increasing oil and gas E&P to boost domestic production and reduce the dependence on imports.

Moreover, Offshore drilling industry in the Middle East is anticipated to grow over the forecast period in spite of challenges faced in deepwater drilling worldwide. Key players including BP and Total are investing in the region and have become the leading stakeholders. Countries such as Qatar and Saudi Arabia are developing their shallow and deep-sea reserves for offshore drilling. High investments in offshore operation and profitable business conditions in Latin America and Middle East & Africa are propelling the growth of the mooring systems market. Technological advancements in the production and drilling capability of vessels and rigs in deep water and ultra-deepwater are estimated to boost the global offshore mooring market over the forecast period.

Competitive Analysis

Global Offshore Mooring Market is moderately fragmented with the presence of global and regional players in the market. The market players in the Offshore Mooring market are focusing on expanding through strategic interventions, such as acquisitions, and collaborations in the Offshore Mooring market.  

Some major players in the market are Offspring International, Mampaey Offshore Industries B.V., Single Point Mooring Systems, ScanaIndustrier ASA, Delmar Systems, Inc., Sofec, Moorsure Mooring Systems Solutions Pty Ltd, Blue Water Energy, AMOG Engineering Services, and among others.

In March 2019, Delmar Systems, Inc. completed an 8-line disconnect of the mooring system on Seadrill’s West Phoenix semi-submersible drilling rig on the UK Continental Shelf. The rig disconnection was performed in an impressive two and a half hours without needing AHTS vessel assistance. The West Phoenix is currently under contract with Equinor for a three-well campaign all of which are using Delmar’s Releasable Anchor Mooring System.

In August 2019, MODEC announced that it had developed the "MODEC NOAH" and "M350", next-generation hulls for Floating Production Storage and Offloading (FPSO) vessels utilizing its extensive knowledge, experience and proven successes in engineering, construction, operations and maintenance of FPSOs.

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  • Comprehensive details on factors that will drive or challenge the growth of market players.
  • Deep Sector-Specific Intelligence
  • Highlights of the competitive landscape

 

**The global Offshore Mooring market report would provide access to an approx., 92 market data table,76 figures, and 188 pages.

 

Target Audience:

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
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  1. Offshore Mooring Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Offshore Mooring Market – Market Definition and Overview

  3. Offshore Mooring Market – Executive Summary

    1. Market Snippet by Product type
    2. Market Snippet by Anchorage
    3. Market Snippet by Application
    4. Market Snippet by Region
  4. Offshore Mooring Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rapid expansion of oil and gas industry
      2. Restraints
        1. High setup and initial cost
      3. Opportunity Analysis
      4. Impact Analysis
  5. Offshore Mooring Market – Industry Analysis

    1. Porter's Five Forces Analysis
  6. Offshore Mooring Market – By Product Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      2. Market Attractiveness Index, By Product Type
    2. Spread Mooring*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Single Point Mooring
    4. Dynamic Positioning
    5. Tendons & Tension Mooring
    6. Others
  7. Offshore Mooring Market – By Anchorage

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      2. Market Attractiveness Index, By Anchorage
    2. Drag Embedment Anchors (DEA)*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Suction Anchors
    4. Vertical Load Anchors
    5. Driven pile
    6. Others
  8. Offshore Mooring Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Tension Leg Platform (TLP)*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Semi-Submersible Platforms
    4. SPAR Platform
    5. FPSO
    6. Drill Ships
    7. Others
  9. Offshore Mooring Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Chile
        4. Colombia
        5. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Indonesia
        6. Australia
        7. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Anchorage
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  10. Offshore Mooring Market – Competitive Landscape.

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Company Profiles

    1. Delmar Systems, Inc*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. SBM Offshore
    3. FMC Technologies, Inc
    4. MODEC
    5. Offspring International Ltd.
    6. Mampaey Offshore Industries B.V
    7. Lamprell
    8. Balltech Engineered Solutions
    9. BW Offshore Ltd.
    10. Blue Water Energy B.V.( ** List not exhaustive)
  12. Offshore Mooring Market – Premium Insights

  13. Offshore Mooring Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables
Table 01 Global Offshore Mooring Market Value, By Product Type, 2018,2022 & 2026 ($ Million)
Table 02 Global Offshore Mooring Market Value, By Anchorage, 2018,2022 & 2026 ($ Million)
Table 03 Global Offshore Mooring Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 04 Global Offshore Mooring Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 05 Global Offshore Mooring Market Value, By Product Type, 2018,2022 & 2026 ($ Million)
Table 06 Global Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 07 Global Offshore Mooring Market Value, By Anchorage, 2018,2022 & 2026 ($ Million)
Table 08 Global Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 09 Global Offshore Mooring Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 10 Global Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 11 Global Offshore Mooring Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 12 Global Offshore Mooring Market Value, By Region, 2017-2026 ($ Million)
Table 13 North America Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 14 North America Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 15 North America Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 16 North America Offshore Mooring Market Value, By Country, 2017-2026 ($ Million)
Table 17 South America Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 18 South America Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 19 South America Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 20 South America Offshore Mooring Market Value, By Country, 2017-2026 ($ Million)
Table 21 Europe Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 22 Europe Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 23 Europe Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 24 Europe Offshore Mooring Market Value, By Country, 2017-2026 ($ Million)
Table 25 Asia-Pacific Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 26 Asia-Pacific Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 27 Asia-Pacific Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 28 Asia-Pacific Offshore Mooring Market Value, By Country, 2017-2026 ($ Million)
Table 29 Middle East & Africa Offshore Mooring Market Value, By Product Type, 2017-2026 ($ Million)
Table 30 Middle East & Africa Offshore Mooring Market Value, By Anchorage, 2017-2026 ($ Million)
Table 31 Middle East & Africa Offshore Mooring Market Value, By Application, 2017-2026 ($ Million)
Table 32 Delmar Systems, Inc: Overview
Table 33 Delmar Systems, Inc: Product Portfolio
Table 34 Delmar Systems, Inc: Key Developments
Table 35 SBM Offshore: Overview
Table 36 SBM Offshore: Product Portfolio
Table 37 SBM Offshore: Key Developments
Table 38 FMC Technologies, Inc: Overview
Table 39 FMC Technologies, Inc: Product Portfolio
Table 40 FMC Technologies, Inc: Key Developments
Table 41 MODEC: Overview
Table 42 MODEC: Product Portfolio
Table 43 MODEC: Key Developments
Table 44 Offspring International Ltd.: Overview
Table 45 Offspring International Ltd.: Product Portfolio
Table 46 Offspring International Ltd.: Key Developments
Table 47 Mampaey Offshore Industries B.V: Overview
Table 48 Mampaey Offshore Industries B.V: Product Portfolio
Table 49 Mampaey Offshore Industries B.V: Key Developments
Table 50 Lamprell: Overview
Table 51 Lamprell: Product Portfolio
Table 52 Lamprell: Key Developments
Table 53 Balltech Engineered Solutions: Overview
Table 54 Balltech Engineered Solutions: Product Portfolio
Table 55 Balltech Engineered Solutions: Key Developments
Table 56 BW Offshore Ltd.: Overview
Table 57 BW Offshore Ltd.: Product Portfolio
Table 58 BW Offshore Ltd.: Key Developments
Table 59 Blue Water Energy B.V.: Overview
Table 60 Blue Water Energy B.V.: Product Portfolio
Table 61 Blue Water Energy B.V.: Key Developments 

List of Figures
Figure 01 Global Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 02 Global Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 03 Global Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 04 Global Offshore Mooring Market Share, By Region, 2018 & 2026 (%)
Figure 05 Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 06 Global Offshore Mooring Market Y-o-Y Growth, By Product Type, 2018-2026 (%)
Figure 07 Spread Mooring: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 08 Single Point Mooring: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 09 Dynamic Positioning: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 10 Tendons & Tension Mooring: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 11 Others: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 12 Global Offshore Mooring Market Y-o-Y Growth, By Anchorage, 2018-2026 (%)
Figure 13 Drag Embedment Anchors (DEA): Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 14 Suction Anchors: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 15 Vertical Load Anchors: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 16 Driven pile: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 17 Others: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 18 Global Offshore Mooring Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 19 Tension Leg Platform (TLP): Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 20 Semi-Submersible Platforms: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 21 SPAR Platform: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 22 FPSO: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 23 Drill Ships: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 24 Others: Global Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 25 Global Offshore Mooring Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 26 North America Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 27 North America Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 28 North America Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 29 North America Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 30 North America Offshore Mooring Market Share, By Country, 2018 & 2026 (%)
Figure 31 South America Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 32 South America Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 33 South America Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 34 South America Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 35 South America Offshore Mooring Market Share, By Country, 2018 & 2026 (%)
Figure 36 Europe Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 37 Europe Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 38 Europe Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 39 Europe Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 40 Europe Offshore Mooring Market Share, By Country, 2018 & 2026 (%)
Figure 41 Asia-Pacific Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 42 Asia-Pacific Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 43 Asia-Pacific Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 44 Asia-Pacific Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 45 Asia-Pacific Offshore Mooring Market Share, By Country, 2018 & 2026 (%)
Figure 46 Middle East & Africa Offshore Mooring Market Value, 2017-2026 ($ Million)
Figure 47 Middle East & Africa Offshore Mooring Market Share, By Product Type, 2018 & 2026 (%)
Figure 48 Middle East & Africa Offshore Mooring Market Share, By Anchorage, 2018 & 2026 (%)
Figure 49 Middle East & Africa Offshore Mooring Market Share, By Application, 2018 & 2026 (%)
Figure 50 Delmar Systems, Inc: Financials
Figure 51 SBM Offshore: Financials
Figure 52 FMC Technologies, Inc: Financials
Figure 53 MODEC: Financials
Figure 54 Offspring International Ltd.: Financials
Figure 55 Mampaey Offshore Industries B.V: Financials
Figure 56 Lamprell: Financials
Figure 57 Balltech Engineered Solutions: Financials
Figure 58 BW Offshore Ltd.: Financials
Figure 59 Blue Water Energy B.V.: Financials
 

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