Transparency Market Research’s new market study, titled “Offshore Support Vessels Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 – 2023,” presents a qualitative and quantitative analysis of the global offshore support vessels market for the 2015-2023 period. The report delves into the socioeconomic and political reasons for the expansion of offshore exploration across North America, Europe, Asia Pacific, and Rest of the World in this period.
Complete Report with TOC : http://www.transparencymarketresearch.com/offshore-support-vessel-market.html
The report states that increased offshore activities for oil and natural gas exploration and increasing investments for the development of supporting infrastructure are bolstering the offshore support vessels market. The utility of offshore support vessels lies across several functions. These are drilling rigs, offshore pipe laying, and oil production platforms for exploration and production activities. Offshore supporting vessels are also used for logistics facilities and other supporting activities in offshore exploration.
Offshore support vessels (OSV) are of various types and proffer various features as needed for individual operation. Due to this, these vessels are resourceful and fundamental elements of the oil and gas industry. Some other uses of these vessels are as a transport facility, in addition to providing support for anchoring, platforming, and vessel standby needs. These vessels are alos frequently used for transporting crew members to offshore sites.
In the coming years, Asia Pacific will exhibit an enormous demand for offshore vessels. This is because of the increased crude oil and natural gas exploration activities in the Southeast Asia. Apart from Southeast Asia, the increasing offshore E&P in countries such as China and Australia also benefits the global offshore support vessels market. This will result in large growth opportunities for offshore support vessel manufacturers.
With high investments in offshore exploration in the Gulf of Mexico, the North Sea, and West Africa, the offshore support vessels market will receive a boost. North America and South America will contribute significantly to the revenue of the global market in the coming years. The Middle East will be the leading regional market for offshore support vessels during the forecast period.
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Other macro factors that are prompting growth of the offshore support vessels market are high energy demands, robust demand for OSV, and increasing offshore exploration as onshore reserves near exhaustion. The increase in the offshore rig count and an increase in the demand for marine logistics are other factors propelling the global offshore support vessels market.
Top players in the global offshore support vessels market are Intermarine LLC, Gulfmark Offshore Inc., Island Offshore Management AS, Abdon Callais Offshore, Bourbon Offshore Marine Services, Edison Chouest Offshore, Havila Shipping ASA, Harvey Gulf, Farstad Shipping ASA, Bass Marine Pvt Ltd., Rem Maritime As, and China Yantai Salvage, among others.
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