According to IMARC Group’s latest report, titled “Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global offshore support vessels market size reached US$ 43.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 54.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
What is an offshore support vessel?
Offshore support vessels (OSVs) are specialized ships designed to provide support and services to offshore oil and gas exploration and production operations. These vessels are used to transport personnel, equipment, and supplies to offshore installations, and can also be used for various other tasks, including towing, anchor handling, firefighting, and rescue operations. OSVs are typically equipped with advanced navigation and communication systems, as well as specialized equipment, such as cranes, winches, and helidecks. They play a crucial role in the offshore oil and gas industry, ensuring the safe and efficient operation of offshore installations, even in most challenging environments.
Market Growth Drivers:
The increasing offshore oil and gas exploration and production activities represents one of the key factors driving the offshore support vessels market growth across the globe. This, coupled with the rising need for specialized offshore support vessels equipped with advanced technologies, is acting as a major growth-inducing factor. In line with this, the increasing investments in offshore wind energy projects worldwide are driving the demand for OSVs for installation, operation, and maintenance activities, which are further contributing to the growth of the market. Other factors, such as the increasing demand for subsea operations, the rising demand for offshore wind farms, and the growing need for modern and high-capacity vessels with a focus on safety and efficiency, are creating a positive outlook for the market.
Offshore Support Vessels Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bourbon
- Grupo CBO
- Gulfmark
- Havila
- Maersk
- Seacor Marine
- SIEM Offshore
- Solstad
- Swire
- Tayrona Offshore
- Tidewater
- Vroon Group
Key Market Segmentation:
The report has segmented the global offshore support vessels market based on type, water depth, fuel, service type, application and region.
Breakup by Type:
- Anchor Handling Towing Supply Vessel
- Platform Supply Vessel
- Fast Supply Intervention Vessel
- Multi-Purpose Service Vessel
- Others
Breakup by Water Depth:
- Shallow Water
- Deepwater
Breakup by Fuel:
- Fuel Oil
- LNG
Breakup by Service Type:
- Technical Services
- Inspection & Survey
- Crew Management
- Logistics & Cargo Management
- Anchor Handling & Seismic Support
- Others
Breakup by Application:
- Oil and Gas Applications
- Offshore Applications
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/offshore-support-vessels-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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