IMARC Group, a leading market research company, has recently releases report titled “United States Offshore Support Vessels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.” The study provides a detailed analysis of the industry, including the United States offshore support vessels market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the United States offshore support vessels market?
The United States offshore support vessels market is expected to exhibit moderate growth during 2021-2026.
What is United States offshore support vessels?
Offshore support vessels represent various marine vessels that are utilized to transport goods, equipment, and supplies during subsea exploration and construction activities. They are of numerous types, such as diving support, fast supply intervention vessels, crane and pipe laying vessels, seismic survey ships, platform supply vessels (PSVs), etc. These offshore support vessels help to locate and inspect oil and gas-bearing areas, tow and position rigs or platforms and offer maintenance facilities.
They are even equipped with powerful small-sized boats that effectively respond to emergencies at offshore installations and facilitate several other services, including transportation, anchor management, platform support, etc. As a result, offshore support vessels find extensive applications in the United States.
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What are the growth prospects and trends in the United States offshore support vessels?
The growing number of oil and gas explorations, owing to the inflating energy demand, is among the key factors driving the United States offshore support vessels market. In addition to this, the escalating product utilization during the production stage of offshore drilling and for transporting cement, casting, drilling pipes, completion fluids, etc., is acting as another significant growth-inducing factor. Apart from this, the increasing technological advancements in the manufacturing processes of the vessels and the rising integration of dynamic positioning or DP systems in marine vessels are further augmenting the market growth.
Moreover, the elevating emphasis among leading market players on producing computer-controlled vessels, which can automatically control their propellers and thrusters to maintain a specific position, is also positively influencing the market across the country. Besides this, the launch of favorable policies by the government bodies aimed at encouraging offshore wind activities to promote clean energy generation is expected to bolster the United States offshore support vessels market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 Geography:
- Northeast
- Midwest
- South
- West
Who are the key players operating in the industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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