According to the latest report by IMARC Group, titled “United States Offshore Support Vessels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is expected to exhibit moderate growth during 2021-2026.
Offshore support vessels are used to transport goods, supplies, and equipment during construction and subsea exploration activities. They are also utilized for locating and inspecting oil and gas-bearing areas, offering maintenance facilities, towing and positioning rigs or platforms, etc. Moreover, they also provide various services, such as platform support and transportation, anchor management, responding to emergencies at offshore installations, etc. Some of the extensively used categories of offshore support vessels include crane, pipe laying vessels, diving support, platform supply vessels (PSV’s), seismic survey ships, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
United States Offshore Support Vessels Market Trends:
The expanding oil and gas sector, along with the growing focus on offshore oil extraction in remote locations, is primarily driving the market growth in the United States. Furthermore, these vessels do not require expensive subsea oil pipelines to export oil/gas and can be easily transported to another location when an existing oilfield is exhausted, thereby experiencing a high demand. Offshore support vessels are also considered suitable for extreme climatic conditions as they comprise of detachable turret systems that can be detached during an emergency and reattached to continue the operations. Moreover, several technological advancements have led to the rapid digitization of offshore support vessels that are further expected to drive the United States market in the coming years.
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United States Offshore Support Vessels Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on region, type, water depth, fuel, service type, application.
Breakup by Type:
- Anchor Handling Towing Supply Vessel
- Platform Supply Vessel
- Fast Supply Intervention Vessel
- Multi-Purpose Service Vessel
Breakup by Water Depth:
- Shallow Water
Breakup by Fuel:
- Fuel Oil
Breakup by Service Type:
- Technical Services
- Inspection & Survey
- Crew Management
- Logistics & Cargo Management
- Anchor Handling & Seismic Support
Breakup by Application:
- Oil and Gas Applications
- Offshore Applications
Breakup by Region:
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Key highlights of the report:
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