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Exploration and Production Activities in the Deep & Ultra-Deep-Water Across the Globe Boost the Mooring Systems Market

Mooring systems are combined package that includes mooring lines, anchors, connectors, winches, fairleads, which is installed onto the vessels for the station keeping of the floating platforms. Mooring systems includes applications related to type of production vessels such as FPSO’s, SPAR’s, semi-submersibles, tension leg platforms, and to depth like shallow and deep/ultra-deep. The mooring systems market is estimated to be USD 1.58 Billion in 2015. The market is projected to grow at a CAGR of 3.7% from 2015 to 2020. Rapid technological developments improving the drilling and production capability of rigs and vessels aid exploration and production activities in the deep-water and ultra-deep-water areas across the globe. These provide the boost for the mooring systems market.

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Exploration and Production Activities in the Deep & Ultra-Deep-Water Across the Globe Boost the Mooring Systems Market

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  1. Exploration and Production Activities in the Deep & Ultra-Deep-Water Across the Globe Boost the Mooring Systems Market Mooring systems are combined package that includes mooring lines, anchors, connectors, winches, fairleads, which is installed onto the vessels for the station keeping of the floating platforms. The mooring systems market has also been classified on the basis of mooring type into single point mooring, spread mooring, tendon mooring, and dynamic positioning. The global Mooring Systems Market is expected to grow from USD 1.58 Billion in 2015 to USD 1.89 Billion by 2020, at a CAGR of 3.7%. Asia-Pacific accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. To Know More about Mooring System Industry, Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=133224764 The market is driven by rising demand for oil & gas, which is met by increasing investments in emerging economies with proven oil & gas reserves preferably in deepwater & ultra-deepwater locations. Rapid technological developments improving the drilling and production capability of rigs and vessels aid exploration and production activities in the deep-water and ultra-deep-water areas across the globe. Market Drivers: • Rapid Technological Advancements • Increasing Focus on Deep & Ultra-Deepwater Locations 1. Demand & Supply Scenario of Crude Oil Request Sample@ http://www.marketsandmarkets.com/requestsample.asp?id=133224764 Recent discoveries of oil & gas in the offshore basins in Australia, Gulf of Thailand, and South China Sea and high demand from China and India are expected to drive the exploration and production activities in the region, thereby pushing the mooring systems in this region. There has been increasing deepwater oil discoveries in India, Africa, Australia, the U.S., Russia, and Norway. Oil discoveries in African region especially Ghana, Congo, Mozambique, and Angola are creating business opportunities, where market players are trying to focus on enhancing their revenue. Key Players: The Leading Market Players of Mooring System Market are Modec Inc. (Japan), Bluewater Holding B.V. (Netherlands), Cargotec Corporation (Finland), Delmar Systems, Inc. (U.S.), and Timberland Equipment limited (Canada). For More Discussion on above Findings, Speak to Our Experts@ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=133224764 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers

  2. worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Email: sales@marketsandmarkets.com

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