Europe offshore support vessel market is expected to grow at a steady CAGR during the forecast period, 2023-2027. Decommissioning of aging offshore infrastructure, increasing investments in developing the renewable energy sector, and the rise in deep-water activities are the major factors driving the growth of the Europe offshore support vessel market.

Offshore support vessel is specifically used for oil exploration and construction work at the high seas. These provide the necessary support in the form of manpower, technical equipment, and other supplies to assist the continuance of operations on high seas smoothly and without interruptions.  Offshore support vessel transports the crucial structural components and the required assistance to supply freight. Various offshore support vessels include anchor handling towing supply vessels, power supply vessels, fast supply intervention vessels, and multi-purpose service vessels.

High-End Investments in Renewable Sector and Oil & Gas Industry Supports Market Growth

The population around the globe is growing at an exponential rate are fueling the demand for more energy generation to live a quality life. The growing expenditure capacity of consumers enables them to afford consumer electronic devices, automobiles, and others that require energy as a power source. The flourishing automotive industry and the high sales of vehicles owing to change in preference of consumers for private vehicle ownership and growing disposable income are bolstering the demand for oil & gas reserves. The high energy demands have to be met by thermal, nuclear, oil & gas, geothermal and other conventional and non-conventional sources. Leading authorities are making investments to explore oil & gas reserves and find new unexplored resources. The discovery of new reserves leads to the creation of demand for well drilling and production activities, which is expected to fuel the Europe offshore support vessel market. 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 transform it into electricity and then supply it to the main supply network, is projected to accelerate the growth of Europe offshore support vessel market.

Technological Advancements Holds 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 surging 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 work properly in deep and ultra-deep water due to extreme conditions that may adversely affect the oil exploration activities. Market players are indulging in research and development activities to find innovative solutions and advance the existing infrastructure to develop technology-equipped vessels facing harsh weather conditions. The dynamic positioning system is a new invention for marine vessels. It is gaining momentum across the globe as it provides the necessary support to offshore vessels to work even in fluctuating weather conditions.


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Market Segmentation

The Europe offshore support vessel market is segmented on the basis of type, application, end-user, competitional landscape, and regional distribution. Based on the type, the market is divided into anchor handling towing supply vessels, power supply vessels, fast supply intervention vessel, multi-purpose service vessel and others. Based on the application, the market is divided 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 devise country-based share segmentation analyzing, Germany, United Kingdom, France, Italy, Spain, Poland, Netherlands, Norway, Russia, Sweden, and Denmark.

Market Players

DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore B.V., Fletcher Group are among the major market players in the Europe region leading the growth of the Europe offshore support vessel market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Application

·         End-User

Country scope

Germany, United Kingdom, France, Italy, Spain, Poland, Netherlands, Norway, Russia, Sweden, Denmark

Key companies profiled

DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore B.V., Fletcher Group

Customization scope

10% free report customization with purchase. Addition or alteration to country & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Europe offshore support vessel market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Europe Offshore Support Vessel Market, By Type:
    • Anchor Handling Towing Supply Vessels
    • Power Supply Vessels
    • Fast Supply Intervention Vessel
    • Multi-Purpose Service Vessel
    • Others
  • Europe Offshore Support Vessel Market, By Application:
    • Shallow water
    • Deepwater
  • Europe Offshore Support Vessel Market, By End-User:
    • Oil & Gas
    • Offshore Wind
  • Europe Offshore Support Vessel Market, By Country:
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Poland
    • Netherlands
    • Norway
    • Russia
    • Sweden
    • Denmark

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe offshore support vessel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Europe Offshore Support Vessel Market

4.    Executive Summary

5.    Voice of Customers

6.    Europe Offshore Support Vessel Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Anchor Handling Towing Supply Vessels, Power Supply Vessels, Fast Supply Intervention Vessel, Multi-Purpose Service Vessel, Others)

6.2.2.     By Application (Shallow water and Deepwater)

6.2.3.     By End-User (Oil & Gas and Offshore Wind)

6.2.4.     By Country  

6.2.5.     By Company

6.3.  Product Market Map

7.    Germany Offshore Support Vessel Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By End-User

8.    United Kingdom Offshore Support Vessel Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Application

8.2.3.     By End-User

9.    France Offshore Support Vessel Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Application

9.2.3.     By End-User

10.  Italy Offshore Support Vessel Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Application

10.2.3.  By End-User

11.  Spain Offshore Support Vessel Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Type

11.2.2.  By Application

11.2.3.  By End-User

12.  Poland Offshore Support Vessel Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Type

12.2.2.  By Application

12.2.3.  By End-User

13.  Netherlands Offshore Support Vessel Market Outlook

13.1.              Market Size & Forecast

13.1.1.  By Value

13.2.              Market Share & Forecast

13.2.1.  By Type

13.2.2.  By Application

13.2.3.  By End-User

14.  Norway Offshore Support Vessel Market Outlook

14.1.              Market Size & Forecast

14.1.1.  By Value

14.2.              Market Share & Forecast

14.2.1.  By Type

14.2.2.  By Application

14.2.3.  By End-User

15.  Russia Offshore Support Vessel Market Outlook

15.1.              Market Size & Forecast

15.1.1.  By Value

15.2.              Market Share & Forecast

15.2.1.  By Type

15.2.2.  By Application

15.2.3.  By End-User

16.  Sweden Offshore Support Vessel Market Outlook

16.1.              Market Size & Forecast

16.1.1.  By Value

16.2.              Market Share & Forecast

16.2.1.  By Type

16.2.2.  By Application

16.2.3.  By End-User

17.  Denmark Offshore Support Vessel Market Outlook

17.1.              Market Size & Forecast

17.1.1.  By Value

17.2.              Market Share & Forecast

17.2.1.  By Type

17.2.2.  By Application

17.2.3.  By End-User

18.  Market Dynamics

18.1.  Drivers

18.2.  Challenges

19.  Market Trends & Developments

20.  Company Profiles

20.1.  DOF Group

20.2.  Solstad Shipping

20.3.  Havila Shipping

20.4.   Maersk

20.5.  Siem Offshore

20.6.  DEME

20.7.  Northern Offshore Services AB

20.8.  Vroon

20.9.  Glomar Offshore B.V.

20.10.            Fletcher Group

21.  Strategic Recommendations

 22. About Us & Disclaimer

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