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The offshore moorage market in West Africa is very competitive, thanks to the presence of a large pool of actors, says a new research report from Transparency Market Research (TMR) . Innovation and technological advances in docking systems are the key strategy adopted by leading companies looking to strengthen their position in this market. A shift in their focus on mergers, acquisitions and partnerships can also be seen over the next few years.
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Grup Servicii Petroliere SA, Mampaey Offshore Industries BV, FMC Technologies Inc., BW Offshore Ltd. and Trelleborg Marine Systems are among the leading suppliers of offshore mooring systems in West Africa. .
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According to market research Global opportunity in the West Analysts expect the market for offshore mooring systems in Africa to rise to $ 169.70 million in 2015. It is expected that 4.90% during the period 2015-2024 and reach $ 470.2 million at the end of the forecast period. The demand for spreading mooring systems is much higher than the other products available on this market. The scenario should remain the same throughout the forecast period
The offshore mooring system market in West Africa will be led by Angola
The report also presents an badysis West African market for offshore mooring systems. geographical presence. According to the study, Mauritania, Senegal, Guinea, Côte d'Ivoire, Ghana, Cameroon, Equatorial Guinea, Gabon, DR Congo, Angola and Congo Brazzaville are the main geographical segments of the market for offshore mooring systems in West Africa. Of these, Angola dominated the overall market in 2015 with a contribution of 45.1 million US dollars. Researchers predict that this domestic market will maintain its leadership over the forecast period.
Offshore docking systems markets in Ghana, Gabon and Ivory Coast are also expected to experience significant growth over the next few years as a result of the emphasis placed on the United States. ;study.
Anchoring trolling, suction and vertical load anchors are considered the main type of anchor used in offshore areas. mooring in this research report. With 30.7%, the anchor dredge segment dominated the offshore anchor systems market in West Africa in 2015 and is expected to continue to do so in the coming years. , according to the report
. 19659003] "The increase in energy demand in West Africa despite fluctuating oil prices has been the most important factor behind the growth of the docking system market offshore in this region, "says an badyst at TMR. As the cost of marine fuel accounts for a significant portion of the vessel's operating cost, the need for effective marine fuel management has increased dramatically. Offshore mooring systems being very effective in the monitoring, control and reporting of marine fuel consumption, their demand is expected to increase remarkably in the oil and gas industry of the United States. West Africa in the near future, which positively reflects this market. technological advances in mooring products should also stimulate this market over the forecast period. However, the high cost of investment needed for exploration and production could hamper market growth in the coming years, the report says.
The study presented here is based on a report from Transparency Market Research (TMR) Market of mooring systems at sea (type: catenary, straight leg, semi-stretched, spread, at single point and dynamic positioning) – Floating production, storage and discharge (FPSO), floating drilling, production, storage and offloading vessels) Floating natural gas (FLNG), TLP, semi-submersible and Spar rigs: Anchoring – Anchors dredged anchors, suction anchors and vertically loaded anchors) – West Africa Sector Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024. "
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Transparency Market Research (TMR) is a global market intelligence company providing trade reporting and information services.The exclusive blend of quantitative forecasting and badytics trends company provides forward-looking information to decision-makers. The experienced team of TMR badysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and badyze information.
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