According to Stratistics MRC, the Global Offshore Support Vessel Market is accounted for $19.44 billion in 2020 and is expected to reach $29.83 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Increasing oil and gas exploratory activities, rising demand for PSVs across the globe, and extensive research and development (R&D) activities are the major factors propelling the market growth. However, huge capital requirements for offshore projects and fluctuations in the oil prices are hampering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the increasing offshore exploration across the region. In addition, the offshore wind power sector is seen as the major area of development, as the large coastal area is available for leasing, where wind power plants can be built. As a result, the increasing offshore wind activities in the United States are likely to increase the need for construction, operation, maintenance, and other activities, which, in turn, is expected to increase the use of offshore support vessels in the country in the next few years.
Some of the key players profiled in the Offshore Support Vessel Market include Abdon Callais Offshore LLC, Bourbon Corporation SA, Edison Chouest Offshore, GulfMark Offshore Inc, Havila Shipping, Maersk Supply Service A/S, Ostenjso Rederi, Seacor Marine Holdings Inc, Siem Offshore AS, Solstad Offshore ASA, Tidewater Inc, and Vroon Group.
Types Covered:
• Anchor Handling Tug/Anchor Handling Towing Supply (AHT/AHTS) Vessels
• Cable and Pipe Laying Vessels
• Chase Vessels
• Crew Vessels
• Diving Support Vessels (DSVs)
• Emergency Response/Standby and Rescue Vessels
• Multipurpose Support Vessels (MPSV)
• Platform Support Vessels (PSV)
• Remotely Operated Vessels (ROVs)
• Seismic Vessels
• Well Intervention Vessels
• Well Stimulation Vessels
Service Types Covered:
• Anchor Handling, Towage & Offshore Positioning
• Assistance, Salvage, & Pollution Remediation
• Crew Management
• Financial Services
• Technical Services
• Inspections & Survey
• Logistic & Cargo Management
• Seismic Supports
• Subsea Services
Water Depths Covered:
• Shallow water
• Deepwater
• Ultra Deepwater
Fuels Covered:
• Fuel Oil
• Liquefied Natural Gas (LNG)
Applications Covered:
• Offshore Wind
• Oil & Gas
• Patrolling
• Research & Surveying
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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