Offshore Support Vessel Market to Reach $20 Billion by 2022 - Analysis by Type, Depth & Region - Increasing Focus on Offshore Field Exploration & Development - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Offshore Support Vessel Market by Type, Depth, and Region - Global Forecast to 2022" report to their offering.

The offshore support vessel market is projected to reach USD 20.15 billion by 2022, growing at a CAGR of 4.92%, from 2017 to 2022.

Offshore support vessels are ships that are used for transporting supplies, equipment, and personnel to offshore oil & gas production facilities. Increasing focus on offshore field exploration and development, particularly in the deep-water sector, all around the globe is a major driver for the offshore support vessel market. The discovery of large oil reserves in the offshore regions of South-East Asia and Africa are other major drivers for this market.

North America is the largest market, by value, for offshore support vessels, followed by Asia-Pacific. The North American market is also projected to be the fastest growing market, during the forecast period, owing to continuing production and exploration activities, particularly in the U.S. and the Gulf of Mexico. As oil prices remain stable, the North American market will grow at the highest pace, as it will witness the quickest rise in exploration and production spending in response to any future recovery in oil prices, with its well-developed offshore industry and status as a low-risk investment region.

Companies Mentioned

  • Bourbon Corporation SA
  • Bumi Armada Berhad
  • Deep Sea Supply PLC
  • Delta Logistics Limited
  • Edison Chouest Offshore
  • Farstad Shipping ASA
  • Grupo CBO
  • Grupo Coremar S.A.
  • Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Offshore Support Vessel Market, By Type

7 Offshore Support Vessel Market, By Depth

8 Offshore Support Vessel Market, By Region

9 Competitive Landscape

10 Company Profiles

11 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/66m6rk/offshore_support

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Maritime

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Maritime