Europe Offshore Support Vessel Market, By Type, By Application, By End User, By Region, Competition Forecast And Opportunities, 2027 | Popgen Tech
Europe Offshore Support Vessel Market, By Type (Anchor Handling Tug Supply Vessels, Power Supply Vessels, Fast Supply Intervention Vessel, Multipurpose Service Vessel, Others), By Application (Shallow Water & Deep Water), By End User (Oil & Gas & Offshore Wind), By Region, Competition Forecast and Opportunities, 2027
New York, Dec. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Europe Offshore Support Vessel Market, Per Type, Per Application, Per End-User, Per Region, Competition Forecast & Opportunities, 2027 ” – https://www.reportlinker.com/p06316243/?utm_source=GNW
The European offshore support vessel market is expected to grow at a steady CAGR during the forecast period, 2023-2027. The decommissioning of aging offshore infrastructure, increasing investments in the development of the renewable energy sector and the increase in deepwater activities are the major factors driving the growth of the European offshore support vessel market.
Offshore support vessels are specifically used for offshore oil exploration and construction work. It provides the necessary support in the form of manpower, technical equipment and other supplies to help the continuation of operations on the high seas smoothly and without interruption.
Offshore support vessel carries the crucial structural components and the necessary assistance to provide cargo. Various offshore support vessels include anchor handling tugs, power supply vessels, fast supply intervention vessels and multi-purpose service vessels.
High-end investments in the renewable sector and oil and gas industry are supporting market growth
The population around the world is growing at an exponential rate, fueling the demand for more energy generation to lead a quality life. The growing spending capacity of consumers enables them to afford consumer electronic devices, cars and others that require energy as a power source. .
The booming automotive industry and the high sales of vehicles due to change in consumer preference for private vehicle ownership and growing disposable income are strengthening the demand for oil and gas reserves. The high energy needs must be through thermal, nuclear, oil and gas, geothermal and other conventional and non-conventional sources.
Leading authorities are making investments to explore oil and gas reserves and find new untapped resources. The discovery of new reserves leads to the creation of a demand for drilling and production activities, which is expected to fuel the European market for offshore support vessels.
The installation of offshore wind farms, which is a type of power plant by the leading authorities to capture the wind power by using the facilities to convert it into electricity and then supply it to the main supply network, is expected to boost the growth of Europe in the foreign country accelerates. to support the cruise ship market.
Technological advancements hold potential for market growth
The existing reserves are gradually maturing due to high oil and gas exploration activities, creating the need for deep and ultra-deep water exploration to meet the rising energy demand in the region. Market players are increasing investments in offshore and subsea activities.
Shallow water exploration holds the largest market share. Still, the offshore support vessels cannot operate properly in deep and ultra-deep water due to extreme conditions that may adversely affect the oil exploration activities.
Market players are enjoying research and development activities to find innovative solutions and advance the existing infrastructure to develop technology-equipped vessels that face harsh weather conditions. The dynamic positioning system is a new invention for marine vessels.
It is gaining momentum around the world as it provides the necessary support to offshore vessels to operate even in varying weather conditions.
The Europe offshore support vessels market is segmented on the basis of type, application, end user, competitive landscape, and regional distribution. On the basis of type, the market is segmented into anchor handling tugs, power supply vessels, rapid supply intervention vessel, multi-purpose service vessel and others.
Based on the application, the market is segmented into shallow water and deep water. Based on the end user, the market is divided into oil & gas and offshore wind.
The market analysis also studies the country analysis segmentation to analyze country based share segmentation, Germany, United Kingdom, France, Italy, Spain, Poland, Netherlands, Norway, Russia, Sweden and Denmark.
DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore BV, Fletcher Group are some of the major market players in the Europe region leading the growth of the European offshore support vessel market.
In this report, the European Offshore Support Vessel market has been segmented into the following categories, in addition to the industry trends also detailed below:
• Europe Offshore Support Vessel Market, by Type:
o Anchor handling Towing supply vessels
o Power supply vessels
o Rapid Supply Intervention Vessel
o Multipurpose Service Vessel
• Europe’s offshore support vessel market, by application:
o Shallow water
o Deep water
• Europe’s offshore support vessel market, by end user:
o Oil and gas
o Offshore wind
• Europe’s offshore support vessel market, by country:
o United Kingdom
Company Profiles: Detailed analysis of the main companies present in the European offshore support vessel market.
With the given market data, we offer adjustments according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06316243/?utm_source=GNW
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