keyboard_arrow_up

Offshore Support Vessel Market worth 38.53 Billion USD by 2020

The report "Offshore Support Vessel Market by Type (Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel, Crew Vessel, & Others), by Depth (Shallow & Deepwater), & by Region - Global Forecast to 2020” , defines and segments the global offshore support vessel market with an analysis and forecast of the market size.

Browse 79 market tables and 55 figures spread through 195 pages and in-depth TOC on "Offshore Support Vessel Market - Global Forecast to 2020"

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1212

The offshore support vessel market is expected to reach USD 38.53 Billion by 2020, at a CAGR of 5.8% from 2015 to 2020. The market is driven by rising demand for oil & gas, which is met by increasing investments in emerging economies with proven oil & gas reserves offshore.

Offshore support vessel market for AHTS vessel to grow at the highest rate

The market has been segmented into vessel type, depth, and region. By vessel type, the market has been subsegmented into Anchor Handling Tug Supply (AHTS), Platform Supply Vessel (PSV), Multipurpose Support Vessel (MPSV), standby & rescue vessel, crew vessel, and others. The AHTS vessel segment is expected to exhibit the highest growth rate during the forecast period. The growth can be attributed to offshore ultra-deepwater E&P activities which have increased production from basins with proven oil reserves in deepwater environments.

Deep water application is estimated to drive the offshore support vessel market with the highest growth rate

On the basis of application, the market has been segmented into shallow and deepwater segments. The shallow water application of offshore support vessel is estimated to lead the market, whereas deepwater application is projected to witness the highest growth. Asia-Pacific and South America are expected to drive this subsegment, due to rising exploration activities and new discoveries of oil & gas reserves in deepwater sedimentary basins.

Asia-Pacific is estimated to be the global leader in offshore support vessel market, by value, for the next five years.

Asia-Pacific is among the largest consumers of oil & gas, followed by North America. Recent discoveries of oil & gas in the offshore basins in Australia, Gulf of Thailand, and South China Sea, and high demand from Malaysia & Indonesia are expected to drive the market for offshore support vessel in this region.

The offshore support vessel market was dominated by Tidewater Inc. (U.S.), Edison Chouest Offshore (U.S.), Bourbon SA (France), and Hornbeck Offshore (U.S.), in 2014. These market players have also been active in the competitive developments of the offshore support vessel market.

Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1212

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com