Mooring systems are combined package that includes mooring lines, anchors, connectors, winches, fairleads, which is installed onto the vessels for the station keeping of the floating platforms.

The mooring systems market has also been classified on the basis of mooring type into single point mooring, spread mooring, tendon mooring, and dynamic positioning.

The global mooring systems market is expected to grow from USD 1.58 Billion in 2015 to USD 1.89 Billion by 2020, at a CAGR of 3.7%. Asia-Pacific accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period.

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The market is driven by rising demand for oil & gas, which is met by increasing investments in emerging economies with proven oil & gas reserves preferably in deepwater & ultra-deepwater locations.

Rapid technological developments improving the drilling and production capability of rigs and vessels aid exploration and production activities in the deep-water and ultra-deep-water areas across the globe.

Scope of the Report:

This study estimates the global market of mooring systems, in terms of dollar value, till 2020
It offers a detailed qualitative and quantitative analysis of this market
It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market
It covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the mooring systems market.
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Recent discoveries of oil & gas in the offshore basins in Australia, Gulf of Thailand, and South China Sea and high demand from China and India are expected to drive the exploration and production activities in the region, thereby pushing the mooring systems in this region.

Leading Market Players:

The mooring systems market, in terms of developments was dominated by Modec Inc. (Japan), Bluewater Holding B.V. (Netherlands), Cargotec Corporation (Finland), Delmar Systems, Inc. (U.S.), and Timberland Equipment limited (Canada) in 2014.

Premium Insights:

Asia-Pacific is Expected to Account for The Largest Market Share During The Forecast Period
Mooring Systems Market, By Depth
Mooring Systems Market Anchorage vs. Components, 2015
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