Europe Offshore Support Vessels Market Analysis Report 2022: Focus on Anchor Handling Towing Supply Vessels, Power Supply Vessels, Rapid Supply Response Vessels, all-purpose services – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Europe Offshore Support Vessel Market, by Type (Anchor Towing Supply Vessels, Power Supply Vessels, Rapid Supply Response Vessel, Multi-Purpose Service Vessel, Others), By Application , by end-user, by region, competition The “Forecast and Opportunity, 2027” report has been added to from ResearchAndMarkets.com offer.

The European Offshore Support Vessel Market is expected to grow at a terrific rate during the forecast period, 2023-2027

The growth of the market can be attributed to the dismantling of aging offshore infrastructure and rising investment in the development of the renewable energy sector. Additionally, an increase in deep-sea activities is expected to boost the European offshore support vessel market.

Offshore Support Vessels are specially designed for deep sea oil exploration and construction. These offer the manpower, technological equipment and other supplies needed to ensure that offshore operations run smoothly. sea ​​and without interruption. The Offshore Support Vessel carries critical structural components and assistance needed to deliver cargo. Anchor handling towing, power supply, rapid supply response, and general purpose service vessels are examples of offshore support vessels.

The world’s population is growing exponentially, fueling the demand for greater energy production to live a better life. The increased purchasing power of consumers enables them to purchase consumer electronics, automobiles, and other items that require energy as a power source.

The booming automotive sector and strong vehicle sales due to changing customer preferences for private car ownership and increasing disposable income are driving up the demand for oil and gas reserves. Thermal, nuclear, oil and gas, geothermal and other energy sources, conventional and unconventional, must meet the growing energy demand.

Major government authorities are investing in the exploration of oil and gas reserves and discovering new untapped resources. The discovery of new deposits generates demand for well drilling and production activities, which should fuel the European offshore support vessel industry.

The installation of offshore wind farms, which are a type of power station built by major authorities to collect wind energy and convert it into power before supplying it to the main supply grid, is expected to drive the expansion of the European market offshore support vessels.

Due to increased oil and gas exploration activity, current deposits are gradually maturing, requiring deep and ultra-deepwater exploration to meet the region’s growing energy demand. The offshore and subsea industries are seeing increasing investments from market players.

The market is dominated by shallow water exploration. However, offshore support vessels cannot operate properly in deep and ultra-deep waters due to harsh conditions that can compromise oil exploration activities.

Market players are carrying out research and development activities to identify creative solutions and upgrade existing infrastructure to build boats equipped with technologies capable of withstanding adverse weather conditions. A recent invention for marine vessels is the dynamic positioning system.

The European offshore support vessel market is segmented on the basis of type, application, end-user, competitive landscape and regional distribution. Based on type, the market is divided into supply vessels, anchor towing vessels, power supply vessels, rapid supply response vessels, multi-purpose service vessels, and others.

The anchor towing supply vessel segment is expected to hold the largest share in the European offshore support vessel market owing to the increasing discovery of deep-sea oil and gas reserves in the region.

The major players in the European offshore support vessel market are DOF Group, Solstad Shipping, Havila Shipping, Maersk, Siem Offshore, DEME, Northern Offshore Services AB, Vroon, Glomar Offshore BV, Fletcher Group, among others.

Goal of the study:

  • To analyze the historical growth of the European Offshore Support Vessel market size from 2017 to 2021.

  • Estimate and forecast the market size of Europe Offshore Support Vessels Market from 2023 to 2027 and the growth rate till 2027.

  • Classify and forecast the Europe Offshore Support Vessels Market based on type, application, end-user, country and company.

  • To identify the region or segment dominating in the Europe Offshore Support Vessels market.

  • Identify drivers and challenges for the European Offshore Support Vessels Market.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Europe Offshore Support Vessels Market.

  • To identify and analyze the profiles of key players operating in the Europe Offshore Support Vessels Market.

  • Identify the key sustainable strategies adopted by market players in the Europe Offshore Support Vessels Market.

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the European Offshore Support Vessels market.

  • Group DOF

  • Solstad Expedition

  • Havila Expedition

  • Maersk

  • Siem Offshore

  • DEME

  • Northern Offshore Services AB

  • Vroun

  • Glomar Offshore B.V.

  • Fletcher Group

Report Scope:

Europe Offshore Support Vessels Market, By Type:

  • Anchor handling Supply vessel towing

  • Supply vessels

  • Rapid Supply Response Vessel

  • Multipurpose service vessel

  • Others

Europe Offshore Support Vessels Market, By Application:

European Offshore Support Vessels Market, by End User:

Europe Offshore Support Vessels Market, By Country:

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Poland

  • Netherlands

  • Norway

  • Russia

  • Sweden

  • Denmark

Years considered for this report:

  • Historical years: 2017-2020

  • Base year: 2021

  • Estimated year: 2022

  • Forecast period: 2023-2027

For more information about this report visit https://www.researchandmarkets.com/r/l15upk

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