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Global Mooring Systems Market 2017-2021

Global Mooring Systems Market 2017-2021

About Mooring Systems

Mooring systems consist of connectors, risers, synthetic ropes, buoys, shackles, and anchors. These devices help in the anchorage of ships, platforms, and floating vessels across all water depths. A mooring anchor or line attaches the ship or vessel to the sea floor and is important for sub-sea oil and gas production facilities. Various synthetic fiber wires, ropes, and chains together are used for manufacturing mooring lines. Chains are mainly used for permanent moorings in shallow water up to 100 m, whereas steel wire ropes are used for water depths of more than 300 m. However, synthetic fiber ropes are lightest among all mooring system ropes.

Technavio’s analysts forecast the global mooring systems market to grow at a CAGR of 3.64% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global mooring systems market for 2017-2021. To calculate the market size, the report considers the revenue generated by different mooring systems vendors through the sales of mooring systems devices to various applications which are FPSO, TLP, SPAR, and others. The others consist of FLNG and semi-submersible.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Mooring Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Balltec
  • Delmar Systems
  • MODEC
  • Offspring International
  • SBM Offshore
Other prominent vendors
  • BW Offshore
  • Bluewater
  • Cavotec
  • Lamprell
  • Mampaey Offshore Industries
  • Timberland Equipment
  • National Oilwell Varco
  • Usha Martin
Market driver
  • Integration of mooring systems with IT and automation
  • For a full, detailed list, view our report
Market challenge
  • Reduction in crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Surge in LNG trade worldwide
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Mooring Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global mooring systems market: Balltec, Delmar Systems, MODEC, Offspring International, and SBM Offshore

Other Prominent Vendors in the market are: BW Offshore, Bluewater, Cavotec, Lamprell, Mampaey Offshore Industries, Timberland Equipment, National Oilwell Varco, and Usha Martin.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Surge in LNG trade worldwide. In 2016, the worldwide LNG trade reached a new record of more than 256 MT from 244 MT in 2015, which is the third consecutive year of incremental growth. The supply growth was mainly supported by the commercial production of LNG at multiple new liquefaction plants, such as in East and West Australia, and commissioning LNG production train in Malaysia.”

According to the report, one of the major drivers for this market is Integration of mooring systems with IT and automation. Integration of mooring systems with IT and automation is required to reduce human efforts, providing better precision of operations, and maximizing the data collection and safety measures. Mooring analysis of a vessel alongside a pier involves several non-linear mooring lines, which extend at different vectors in both the vertical and horizontal planes with elastic fenders. These systems are acted upon by current, wind, and other forces that vary in direction and time.

Further, the report states that one of the major factors hindering the growth of this market is Reduction in crude oil prices. Crude oil prices have reduced drastically since 2013 from more than $100 per barrel to less than $50 per barrel in 2017. Due to the cut-down in the crude oil prices, the operating cost of oil and gas logistics ship carriers has reduced, and the demand for oil tankers has increased. For instance, the operating cost of tri-fuel diesel electric (TFDE) LNG tankers was averaged at more than $32,000/day during 2016, compared with more than $36,000/day during 2015, which was more than a 6% price decline.

Companies Mentioned

Balltec, Delmar Systems, MODEC, Offspring International, SBM Offshore, BW Offshore, Bluewater, Cavotec, Lamprell, Mampaey Offshore Industries, Timberland Equipment, National Oilwell Varco, Usha Martin

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global mooring systems market overview
    • Market size and forecast
      • Table Global mooring systems market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Segmentation by application
      • Table Global mooring systems market by application – market size and forecast 2016-2021 (% revenue)
      • Table Comparison by application
    • FPSO – market size and forecast
      • Table FPSO – Market size and forecast 2016-2021 ($ millions)
      • Table FPSO – Year-over-year growth 2017-2021
    • TLP – market size and forecast
      • Table TLP – Market size and forecast 2016-2021 ($ millions)
      • Table TLP – Year-over-year growth between 2017-2021
    • SPAR – market size and forecast
      • Table SPAR – Market size and forecast 2016-2021 ($ millions)
      • Table SPAR – Year-over-year growth between 2017-2021
    • Others – market size and forecast
      • Table Others – Market size and forecast 2016-2021 ($ millions)
      • Table Others – Year-over-year growth between 2017-2021
    • Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global mooring systems market by geographical segmentation 2016-2021 (% revenue)
      • Table Regional comparison of global mooring systems market
    • APAC – market size and forecast
      • Table APAC – market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth between 2017-2021
      • Table Top 3 countries in APAC
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth between 2017-2021
      • Table Top 3 countries in EMEA
    • Americas – market size and forecast
      • Table Americas – market size and forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth between 2017-2021
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Simulation method for mooring systems
    • Market challenges
      • Table Crude oil price Jul 2013-Apr 2017 ($ per barrel)
  • Market trends
    • Rising importance of renewable energy
    • Rising use of efficient fleet management
    • Surge in LNG trade worldwide
  • Vendor analysis
    • Vendor overview
    • Competition scenario
    • Balltec
    • Delmar Systems
    • MODEC
      • Table MODEC: Geographical segmentation 2016 (% revenue)
    • Offspring International
    • SBM Offshore
      • Table SBM Offshore: Geographical segmentation 2016 (% revenue)
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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