PPT for Mooring System Market Share, 2017 - 2024

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Mooring System Market Growth Trend Forecast by
2017 - 2024
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
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Global Market Scenario of Mooring System

• 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 2015.
• 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.

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• 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.

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• 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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