Offshore Support Vessel Market – Global Industry Insights, Trends, Outlook and Opportunity Analysis,

The development of offshore facilities involves a variety of marine assets. Over the past few decades, there has been a drastic increase in the offshore E&P activities resulting in to increase in development and demand for offshore support vessels. These vessels are used for exploration, development, production and decommissioning phase of an offshore oil, and gas fields. Offshore support vessel (OSV) can be prepared according to the operators specifications. Offshore E&P operations are complex, failure of operations have drastic consequences on economy and environment. Different types of support vessels are required for different offshore environment. Therefore, development in technology has immensely supported the growth of offshore support vessel market.

Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/758

Increase in oil demand is expected to increase the exploration and production, in turn fueling offshore support vessel market. However, fluctuating oil price, high initial investment, lack of skilled labor, and government regulations are the major restrains for the growth of offshore support vessel market.

The major players operating global offshore support vessel market are maEdison Chouest Offshore, Abdon Callais Offshore, Havila Shipping ASA, Farstad Shipping ASA, Gulfmark Offshore Inc., Bourbon Offshore Marine services, and Island Offshore Management AS.

The Anchor Handling Towing and Supply Vessel segment is accounted to have highest demand in the offshore support vessel market. However, demand for Platform Supply Vessel is anticipated to increase over the forecast period.

The shallow water depth segment is accounted to have highest growth in offshore support vessel market, as the expenditure in shallow water is less. However, new projects are established in deep and ultra-deep waters over the last few decades emphasizing on the growth of offshore support vessel market.

• North America is witnessed to have a prominent growth in the offshore support vessel market owing to the increasing production activity in the Gulf of Mexico. Latin America is witnessed to have a burgeoning growth, owing to increase in E&P activities in Golden Triangle (Brazil). According to the U.S. Energy Information Administration, total offshore production has grown by 6.5% in the U.S. In 2016, Gulf of Mexico is anticipated to witness a production of 0.1 million b/d and 0.2 million b/d in 2017.
• Middle East is projected to have a significant growth in the offshore support vessel market owing to the rising offshore production activities in Saudi Arabia. According to the U.S Energy Information Administration, Saudi Arabia is the world’s largest producer in offshore field comprising of 13% of world’s total offshore production including Safaniya oil field, with the highest production of 1.1 to 1.5 million b/d.

For More Information: https://www.coherentmarketinsights.com/ongoing-insight/offshore-support-vessel-market-758

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah

Coherent Market Insights

1001 4th Ave,

#3200

Seattle, WA 98154

Tel: +1-206-701-6702

Email: sales@coherentmarketinsights.com

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis