Offshore Mooring Systems Market Size To Reach $2.0 Billion By 2030

Offshore Mooring Systems Market Growth & Trends

The global offshore mooring systems market size is expected to reach USD 2.0 billion in 2030 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market.

Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations.

Spread mooring systems led the market and accounted for the largest revenue share of 39.6% in 2023. These systems are majorly utilized in a wide range of applications such as mobile offshore drilling units (MODU) to the ships with catenary type being the major product category.

Single buoy moors consist of a loading/floating substance anchored offshore, which serves as an anchorage point and an interconnection for tankers stocking or offloading oil or gas or any other liquid products. 

 Request a free sample copy or view report summary: Offshore Mooring Systems Market Report

Offshore Mooring Systems Market Report Highlights

• The Drag Embedment Anchors (DEA) captured the largest revenue share of 33.9% in 2023

• Asia Pacific offshore mooring systems market dominated the market and accounted for 38.9% of the total revenue in 2023

• North America was valued at USD 356.4 million in 2023 and is projected to grow at a CAGR of 4.1% over the forecast period

• The FPSO segment held a revenue share of 38.8% in 2023

• Middle East and Africa region is expected to grow at the fastest CAGR of 4.9% over the forecast period.

Offshore Mooring Systems Market Segmentation

Grand View Research has segmented the global offshore mooring systems market report based on type, anchorage, application and region.

Offshore Mooring Systems Type Outlook (Revenue, USD Million, 2020 - 2030)

• Spread Mooring

• Single Point Mooring (SPM)

• Dynamic Positioning

• Tendons & Tension Mooring

• Others

Offshore Mooring Systems Anchorage Outlook (Revenue, USD Million, 2020 - 2030)

• Drag Embedment Anchors

• Suction Anchors

• Vertical Load Anchors

• Driven pile

• Others

Offshore Mooring Systems Application Outlook (Revenue, USD Million, 2020 - 2030)

• Tension Leg Platforms

• Semi-Submersible Platforms

• SPAR Platforms

• FPSO

• Drill Ships

• Others

Offshore Mooring Systems Regional Outlook (Revenue, USD Million, 2020 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

 List of Key Players in Offshore Mooring Systems Market 

• Balltec Ltd.

• Balmoral Comtec Ltd

• Bluewater Energy Services B.V. (Aurelia Energy N.V.)

• BW Offshore Limited

• Delmar Systems Inc.

• Lamprell plc

• Mampaey Offshore Industries B.V

• MODEC Inc.

• NOV Inc.

• Offspring International Limited

• SBM Offshore N.V.