| Product Code: ETC4535245 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India mooring systems market import shipments exhibited a strong compound annual growth rate of 17.9% from 2020 to 2024. However, there was a slight decrease in growth momentum between 2023 and 2024, with a growth rate of 3.2%. Overall, the market expanded significantly but showed signs of stabilization towards the end of the period.
The India mooring systems market is a crucial segment supporting the nation`s offshore oil and gas industry. Mooring systems are essential for securing offshore platforms, vessels, and other structures in open waters. These systems include anchor lines, chains, and other components that keep floating structures in position, ensuring their stability and safety. As India explores and produces oil and gas in offshore locations, the need for reliable mooring systems has grown substantially. The market encompasses a wide range of technologies and services, including mooring design, installation, and maintenance. The India mooring systems market plays a pivotal role in securing the safety and stability of offshore facilities, supporting the nation`s energy exploration and production activities.
The mooring systems market in India is being propelled by the country`s burgeoning offshore industries, such as oil and gas, wind energy, and aquaculture. Mooring systems are crucial for keeping offshore structures and vessels in place, ensuring stability and safety in harsh marine environments. As India expands its offshore activities, particularly in the oil and gas sector and offshore wind energy generation, the demand for reliable and innovative mooring systems is increasing. Technological advancements, including dynamic positioning and automation, are also playing a significant role in market growth.
In the India Mooring Systems Market, challenges include the need for robust mooring solutions for offshore structures, addressing environmental concerns related to anchoring, and adapting to changing offshore regulations.
The mooring systems market faced disruptions as offshore operations were affected. With a resurgence in offshore activities, the market for mooring systems for vessels and platforms is expected to recover.
Key players in the mooring systems market include SBM Offshore, BW Offshore, Delmar Systems, Mampaey Offshore Industries, and Timberland Equipment Limited.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Mooring Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mooring Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Mooring Systems Market - Industry Life Cycle |
3.4 India Mooring Systems Market - Porter's Five Forces |
3.5 India Mooring Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Mooring Systems Market Revenues & Volume Share, By Anchorage, 2021 & 2031F |
3.7 India Mooring Systems Market Revenues & Volume Share, By Mooring Type, 2021 & 2031F |
4 India Mooring Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing offshore oil and gas exploration activities in India |
4.2.2 Growth in demand for floating production storage and offloading (FPSO) vessels |
4.2.3 Rising investments in renewable energy projects, such as offshore wind farms |
4.2.4 Government initiatives to boost maritime trade and port infrastructure |
4.2.5 Technological advancements in mooring systems improving efficiency and safety |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with mooring systems |
4.3.2 Environmental concerns and regulatory challenges related to offshore projects |
4.3.3 Volatility in oil and gas prices impacting investment decisions |
4.3.4 Limited availability of skilled labor for installation and maintenance of mooring systems |
4.3.5 Geopolitical risks affecting offshore operations in the region |
5 India Mooring Systems Market Trends |
6 India Mooring Systems Market, By Types |
6.1 India Mooring Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Mooring Systems Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Mooring Systems Market Revenues & Volume, By FPSO, 2021-2031F |
6.1.4 India Mooring Systems Market Revenues & Volume, By TLP, 2021-2031F |
6.1.5 India Mooring Systems Market Revenues & Volume, By SPAR, 2021-2031F |
6.1.6 India Mooring Systems Market Revenues & Volume, By Semi-submersible , 2021-2031F |
6.1.7 India Mooring Systems Market Revenues & Volume, By FLNG, 2021-2031F |
6.2 India Mooring Systems Market, By Anchorage |
6.2.1 Overview and Analysis |
6.2.2 India Mooring Systems Market Revenues & Volume, By DEA, 2021-2031F |
6.2.3 India Mooring Systems Market Revenues & Volume, By VLA, 2021-2031F |
6.2.4 India Mooring Systems Market Revenues & Volume, By Suction, 2021-2031F |
6.3 India Mooring Systems Market, By Mooring Type |
6.3.1 Overview and Analysis |
6.3.2 India Mooring Systems Market Revenues & Volume, By Spread, 2021-2031F |
6.3.3 India Mooring Systems Market Revenues & Volume, By SPM, 2021-2031F |
6.3.4 India Mooring Systems Market Revenues & Volume, By DP, 2021-2031F |
6.3.5 India Mooring Systems Market Revenues & Volume, By Tendon, 2021-2031F |
7 India Mooring Systems Market Import-Export Trade Statistics |
7.1 India Mooring Systems Market Export to Major Countries |
7.2 India Mooring Systems Market Imports from Major Countries |
8 India Mooring Systems Market Key Performance Indicators |
8.1 Average utilization rate of mooring systems in Indian waters |
8.2 Rate of adoption of dynamic positioning systems in conjunction with mooring systems |
8.3 Number of new contracts awarded for mooring system installations in India |
8.4 Percentage of renewable energy projects using advanced mooring technologies |
8.5 Maintenance cost reduction achieved through technology upgrades and innovations in mooring systems |
9 India Mooring Systems Market - Opportunity Assessment |
9.1 India Mooring Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Mooring Systems Market Opportunity Assessment, By Anchorage, 2021 & 2031F |
9.3 India Mooring Systems Market Opportunity Assessment, By Mooring Type, 2021 & 2031F |
10 India Mooring Systems Market - Competitive Landscape |
10.1 India Mooring Systems Market Revenue Share, By Companies, 2024 |
10.2 India Mooring Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |