Global Mooring Systems Market 2017-2021

NEW YORK, Oct. 17, 2017 /PRNewswire/ --

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.

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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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Read the full report: https://www.reportlinker.com/p05144593

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