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.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Type
Application
End-User
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Country scope
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Germany, United Kingdom, France, Italy, Spain, Poland, Netherlands,
Norway, Russia, Sweden, Denmark
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Key companies profiled
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DOF Group, Solstad Shipping, Havila
Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar
Offshore B.V., Fletcher Group
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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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:
- Europe Offshore Support Vessel Market, By End-User:
- 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).
Europe offshore support vessel market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]