Offshore Support Vessels Market by Vessel Type (Anchor Handling Tug Supply Vessel, Platform Supply Vessels, Crew Vessel, Others), by Water Depth (Shallow Water, Deepwater, Ultra-Deepwater), by Application (Oil & Gas, Offshore Wind, Patrolling, Research & Surveying, Others), by North America (U.S., Canada) Forecast 2024-2032
The Offshore Support Vessels Market size was valued at USD 16.37 USD Billion in 2023 and is projected to reach USD 26.46 USD Billion by 2032, exhibiting a CAGR of 7.1 % during the forecast period. Offshore support vessels are ISO and specialized boats are used to support the exploration of subsea oil and natural gases. They offer logistical services to off-shore structures as well as transport of personnel, materials, equipment and supplies for operations both to and from the off-shore structures, upkeep, repairs and emergency services. OSVs can be further categorized into three principal classes: Platform Supply Vessels (PSVs), Anchor Handling Tug Supply Vessels (AHTSVs) and multipurpose vessels. Some of the benefits that relate to the usage of OSVs include increased operational efficiency, safety and capability to work within the rough marine conditions. The current trends of the OSV market raise issues regarding the innovative equipment application, such as dynamic positioning systems, automation, and environmentally friendly design, including the request of the strict legislation and innovations in the sphere of the offshore operations’ sustainability.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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