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(India.CityRegions.Com, March 18, 2018 ) The Global Offshore Support Vessel Market was valued at USD 14.95 billion in 2016 and is projected to reach USD 23.00 billion by 2025, growing at a CAGR of 4.89% from 2017 to 2025.
Offshore support vessels are known for providing services to offshore drillings rigs, pipe laying, and oil manufacturing platforms used in production and exploration activities. These support vessels facilitate and support logistics and other activities in the oil and gas drilling processes. Different offshore support vessels have their own features and properties with regards to the type of operation. It is one of the fundamental and most resourceful components of the oil and gas industry. The other facilities that offshore support vessels provide are transportation, standby capacity, anchor management, and platform support. It also helps in the mobility of crew members to offshore sites.
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The major players in the market are as follows: 1. Farstad Shipping Asa 2. Swire Group, Ltd. 3. Gulfmark Offshore, Inc. 4. Hornbeck Offshore Services, Inc 5. Rem Maritime as 6. Solstad Offshore Asa 7. Edison Chouest Offshore 8. Harvey Gulf International Marine, LLC 9. Bourbon Corporation Sa 10. Seacor Marine LLC 11. Tidewater, Inc. 12. Havila Shipping Asa 13. The Maersk Group 14. Siem Offshore, Inc. 15. Vroon Group
Geographically, the global offshore support vessels market has been segmented into Europe, Asia Pacific, North America, and the Rest of the World. The demand for offshore support vessels in the Asia Pacific region is expected to rise owing to the growing exploration activities in Southeast Asia. Australia, Malaysia, and China are likely to emerge as leading consumers of offshore support vessels. The market is also expected to gain from the rising investments in oil and gas activities in regions such as North Sea, West Africa, and the U.S. Gulf of Mexico.
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The market intelligence report provides a thorough overview of the growth trajectory, current scenario, and estimates for the future of the global offshore support vessels market. It further analyses the dynamics that are expected to drive or impede the growth of the global offshore support vessels market. The predominant trends and the elements at play have been further highlighted in the study. A clear understanding of the market has been offered in the report utilizing Porter’s five forces analysis along with insights into the degree of exit and entry in the global offshore support vessels market.
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Source: EmailWire.Com
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