Welaptega, & Oceaneering International are two top players for Global Mooring Inspection Market
The report "Mooring Inspection Market by Type (BWI, AWI), Technology (CVI, MPI, UT, Electromagnetic Detection, Mooring Line Dimension Measurement, Others), Region (APAC Latin America, North America, Middle East & Africa, Europe) - Global Forecast to 2020", The global mooring inspection market is projected to reach USD 362.5 Million by 2020, growing at a CAGR of 3.4%. The market is growing due to regulatory requirements and escalated awareness regarding the necessity of an inspection process in the oil & gas industry.
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The global mooring inspection market is projected to reach USD 362.5 Million by 2020, at a CAGR of 3.4% from 2015 to 2020. The market will grow due to the regulatory requirements for periodic inspection and rising concerns towards increasing mooring safety.
Among all technology segment, the close visual inspection segment is the most popular and fastest-growing segment owing to its reliability in the inspection process. It is considered as the most reliable inspection technique and is commonly used in mooring inspection process. It can be used for both below and above water inspection. In below water inspection, both ROV and diver can perform CVI inspection for the detection of any degradation or failure in mooring systems.
The BWI segment accounted for the largest share of the mooring inspection market in 2014. BWI is the largest segment of the market owing to the higher inspection cost of BWI as compared to AWI; underwater inspection requires sophisticated equipment, diving experts, and risk-based assessment of mooring components.
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Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Regional Scope
1.3.2 Markets Covered
1.3.3 Years Considered in the Report
1.4 Currency & Pricing
1.5 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Research Data
2.1.1 Key Data From Secondary Sources
2.1.2 Key Data From Primary Sources
2.1.2.1 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Market Share Estimation
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 22)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in the Mooring Inspection Market
4.2 Global Mooring Inspection System Market
4.3 Mooring Inspection System Market Scenario in Asia-Pacific
4.4 Mooring Inspection Market Attractiveness, By Type (2020)
5 Market Overview (Page No. - 30)
5.1 Introduction
5.1.1 Mooring Inspection
5.1.2 Drivers
5.1.2.1 Rising Concerns Towards Increasing Mooring Safety
5.1.2.2 Regulations Driving Scheduled Inspection Practices
5.1.3 Restraints
5.1.3.1 Decrease in Oil Prices
5.1.4 Opportunities
5.1.4.1 Development of Accurate and Reliable Inspection Technology and Process
5.1.5 Challenges
5.1.5.1 Lack of Reliable Mooring Tension Monitoring Systems
5.1.5.2 Lack of Financial Support to Develop Advanced Inspection Technology
6 Mooring Inspection Market, By Type (Page No. - 35)
6.1 Introduction
6.2 BWI Mooring Inspection
6.2.1 BWI Mooring Inspection Market in Diver Inspection
6.2.2 BWI Mooring Inspection Market in Rov Inspection
6.3 AWI Mooring Inspection
7 Mooring Inspection Market, By Technology (Page No. - 41)
7.1 Introduction
7.2 By Technology
7.2.1 Close Visual Inspection
7.2.2 Magnetic Particle Inspection
7.2.3 Ultrasonic Testing
7.2.4 Electromagnetic Detection
7.2.5 Mooring Line Dimension Measurement
8 Mooring Inspection Market, By Region (Page No. - 48)
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Latin America
8.6 Middle East & Africa
9 Competitive Landscape (Page No. - 69)
9.1 Overview
9.2 Future Trends
9.3 Expansions
9.4 New Product/Technology Launches
9.5 Agreements/Contracts/Partnerships
9.6 Mergers & Acquisitions
10 Company Profiles (Page No. - 73)
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 Introduction
10.2 Oceaneering International, Inc.
10.3 DOF Subsea
10.4 Welaptega Marine Limited
10.5 Deepocean Group Holding Bv
10.6 Acteon Group Ltd.
10.7 Delmar Systems, Inc.
10.8 Moffatt & Nichol
10.9 Deep Sea Mooring as
10.10 Viking Seatech Ltd.
*Details Might Not Be Captured in Case of Unlisted Companies
11 Appendix (Page No. - 94)
11.1 Other Developments
11.2 Available Customizations
11.3 Discussion Guide
11.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.5 Related Reports
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Asia-Pacific held the largest share of the global mooring inspection market in 2014 and is expected to continue doing so during the forecast period. Southeast Asia dominated the Asia-Pacific mooring inspection market, in 2014. The market in Australia is projected to grow at the highest CAGR between 2015 & 2020 in Asia-Pacific.
The factors inhibiting the global mooring inspection market are lack of advanced inspection technologies in the industry and lack of financial support towards R&D from service companies as well as government bodies. The key market players such as Welaptega (Canada), Oceaneering International (U.S.), DeepOcean (Netherlands), Acteon Group (U.K.), InterMoor (U.S.), Deep Sea Mooring (Norway), DOF Subsea (Norway), Moffatt & Nichol (U.S.), and Delmar (U.S.) have adopted various strategies to increase their market shares.
Agreements/contracts/partnerships, new product/technology launches, expansions, acquisitions, and research & development are some of the important strategies adopted by the market players to achieve growth in the mooring inspection market.
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