Offshore Support Vessel Market will achieve 5.5% growth to surpass $60 billion by 2024

Eminent players in the Offshore Support Vessel Market include Maersk, Island Offshore, Edison Chouset, Solstad, Bourbon, Seacor Marine, Tidewater, Havila Shipping, Harvey Gulf, Vroon, Siem, REM Maritime, Farstad, Gulfmark Offshore and Swire.

OCEAN VIEW, Del., Nov. 17, 2017 /PRNewswire-iReach/ -- Global Offshore Support Vessel Market share is projected to cross USD 60 billion by 2024, as reported in the latest study by Global Market Insights, Inc. Shifting trends toward exploration and production across subsea coupled with ongoing expansion of deep-water projects will drive the offshore support vessel market size. Growing measures to untap the unexplored hydrocarbon reserves will further stimulate the business outlook. As per EIA, in 2016, Gulf of Mexico accounted for 16% of total U.S. crude production and 4.5% of dry natural gas production.

Rising demand for floating production units and drillships will foster the platform supply vessel market growth. Growing installation of FPSOs and FLNG platforms on account of its large production and storage capacity will complement the industry outlook. In 2016, Petronas' first FLNG unit commenced its operation with a processing capacity of 1.2 mtpa at the Kanowit deep-water field in Malaysia.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1306

Norway offshore support vessel market is predicted to surpass 400 OSV fleet by 2024. Strong orderbook of Norwegian shipyards to cater the O&G industry will positively influence the industry landscape. As per the U.S. Energy Information Administration, in 2016, 7% of global offshore oil production was originated from Norwegian fields.

 Shifting trends towards ecofriendly hydrocarbons owing to rising environmental concerns will embellish the offshore support vessel market growth. Adoption of LNG as fuel by major fleet owners owing to government regulations toward reduction of marine emissions will stimulate the product demand. In 2015, IMO implemented a legislation that focusses toward reduction of NOx content in fuel to 0.5% for the fleets sailing in emission control areas.

Browse key industry insights spread across 870 pages with 1600 market data tables & 10 figures & charts from the report, "Offshore Support Vessel Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/offshore-support-vessel-market

U.S. offshore support vessel market is predicted to witness strong growth on account of mature industry and low-risk investment region. Availability of resources across untapped fields along with large ongoing projects will supplement the product demand. A manned tripod structure with a capacity of 5 million cubic feet of gas per day and 4,500 barrels of oil per day is planned to be installed in the U.S. Gulf of Mexico by end of 2017.

Saudi Arabia offshore support vessel market is set to witness gain over 4% by 2024. Ongoing drilling activities along with new subsea E&P projects will augment the industry landscape. The country has several fields including Safaniya oil field that produces 1.1 to 1.5 million barrels per day and holds 13% of the world total offshore oil production.

Brazil in 2016, accounted for over 60% of the Latin America offshore support vessel market share. Predominant expansion of deep-water pre-salt projects along with positive outlook towards subsea E&P will embellish the industry outlook of offshore support vessel market.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1306

Notable players in global offshore support vessel market include Bourbon, Seacor Marine, Farstad, Swire, Tidewater, Gulfmark, Hornbeck, Havila Shipping, Maersk, REM Maritime, Siem, Solstad, Vroon, Edison Chouset, Harvey Gulf and Island Offshore.

Browse Related Reports:

Electric Insulator Market Size 2017 – 2024

Global Electric Insulator Market size is anticipated to witness significant growth owing to refurbishment and replacement of existing grid infrastructure. Implementation of innovative technologies to improve reliability and efficiency of grid will further augment the global electric insulator market growth.

https://www.gminsights.com/industry-analysis/electric-insulator-market

Precious Metals Market Size 2017 – 2024

Precious Metals Market size is expected to witness a surge in demand owning to their rare or high economic value. Higher comparative values of these products are driven by several factors including use in industrial different industrial processes, their rarity and consideration as investment vehicles with the intention of gaining positive returns.

https://www.gminsights.com/industry-analysis/precious-metals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter

Media Contact: Arun Hegde, Global Market Insights, Inc., +13028467766, sales@gminsights.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Global Market Insights, Inc.



2017

Categories

Business, Science & Tech


Tags

Oil & Energy, Utilities, Surveys, Polls and Research



Need Help