Market Highlights

The global market of offshore supply vessels around the world is growing rapidly. Increasing demand for automation in different energy verticals is the key factor which driving the market of offshore supply vessels. North America leads the global offshore supply vessels market. It offers benefits such as real time detection of faults in machineries, decrease the amount of defects in output as well as decrease production cost. Offshore supply vessels systems are being deployed in countries like India and China for smart grid techniques and to reduce power transmission and distribution losses. The existing supply and demand gap in the oil and gas sector has increased the need for efficient search and extraction of oil and gas. Offshore supply vessels systems are implemented to maximize oil and gas extraction. Additionally, the renewed interest in shale gas extraction has also driven the offshore supply vessels systems market.

The global offshore support vessel market is projected to reach USD 25.0 billion by 2023 at a CAGR of more than 5.0% during the forecast period. Deep-water and ultra-deep water exploration activities in Middle East in Europe increased, helping the global offshore support vessel market, grow.

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Leading Players

The prominent players in the OFFSHORE SUPPLY VESSELS includes- Rem Maritime As, Bass Marine Pty Ltd. Harvey Gulf, Bourbon SA, Tidewater, ExxonMobil, Island Offshore Management, Havila Shipping ASA, and Intermarine LLC.

Worldwide Offshore Supply Vessels Market – Segments

The Global Offshore Supply Vessels Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

By Type: Comprises Anchor Handling Tug Supply, Platform Supply Vessel, Multipurpose Support Vessel, Standby & Rescue Vessel and other.

By Depth/Process: Shallow Water, Deep Water.

By Regions: North America, Europe, APAC and Rest of the World.

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Regional Outlook

The demand for offshore supply vessels in the Asia Pacific region is expected to rise the demand for growing exploration activities in Southeast Asia. Moreover, Australia, Malaysia, and China are likely to emerge as leading consumers of offshore supply vessels. The market is also expected to gain from the rising investments in oil and gas activities. Asia pacific is leading the market of offshore supply vessels due to equipped with increased cargo capacity and enhanced crew amenities and automation system. Whereas, North America stood second in the offshore supply vessels. North America is one of the most explored and oldest regions for oil. The demand for oil and application of enhanced oil recovery techniques are the major drivers for the offshore support vessels market.

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