According to the latest report by IMARC Group, titled “United States Offshore Support Vessels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The United States offshore support vessels market is expected to exhibit moderate growth during 2021-2026.
Offshore support vessels are used to transport goods, supplies, and equipment during construction and subsea exploration activities. They are also utilized for locating and inspecting oil and gas-bearing areas, offering maintenance facilities, towing and positioning rigs or platforms, etc. Moreover, they also provide various services, such as platform support and transportation, anchor management, responding to emergencies at offshore installations, etc. Some of the extensively used categories of offshore support vessels include crane, pipe laying vessels, diving support, platform supply vessels (PSV's), seismic survey ships, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The expanding oil and gas sector, along with the growing focus on offshore oil extraction in remote locations, is primarily driving the market growth in the United States. Furthermore, these vessels do not require expensive subsea oil pipelines to export oil/gas and can be easily transported to another location when an existing oilfield is exhausted, thereby experiencing a high demand. Offshore support vessels are also considered suitable for extreme climatic conditions as they comprise of detachable turret systems that can be detached during an emergency and reattached to continue the operations. Moreover, several technological advancements have led to the rapid digitization of offshore support vessels that are further expected to drive the United States market in the coming years.
United States Offshore Support Vessels Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on region, type, water depth, fuel, service type, application.
Breakup by Type:
Breakup by Water Depth:
Breakup by Fuel: