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Research Reports

Offshore Support Vessel Services Market Estimates the market to expand at over 7% CAGR from 2021 to 2031

 

 

Global Offshore Support Vessel (OSV) service sales are set to be valued at nearly US$ 11.7 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 7% CAGR from 2021 to 2031. The offshore renewables (wind) business has continued to grow strongly, with solid revenues and a record number of new projects sanctioned, which is projected to complement market growth over the coming years.

CLICK HERE TO GET A SAMPLE REPORT (INCLUDING FULL TOC, TABLE & FIGURES) – https://www.persistencemarketresearch.com/samples/11302

2020 was a year of stark differences for offshore support vessel services as the traditional offshore market is mostly centered on the oil & gas industry, which had a disappointing year with considerable drop in activity, utilization, and day rates. However, the oil & gas industry is in a recovery mode, which bodes well for the OSV market over the coming years. Considering the possibility of a stimulus in many countries, the long-term outlook of the market remains positive

  • In October 2020, Edison Chouest Offshore affiliate entered into a long-term charter agreement with Orsted and Eversource for the provision of the first U.S. Jones Act-compliant windfarm service operation vessel.

GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED ASK AN EXPERT – https://www.persistencemarketresearch.com/request-customization/11302

Key Takeaways from Market Study

“Increasing offshore wind business and several government initiatives for stimulating and cultivating an indigenous industry in recent years are expected to drive demand for offshore support vessel services over the coming years,” says a Persistence Market Research analyst.

GAIN COMPLETE ACCESS TO THE REPORT – https://www.persistencemarketresearch.com/checkout/11302

Competitive Landscape

The market is fragmented with key players accounting for around one-fourth market share. These players are heading in the direction of a data-driven industry to enhance digitalization and promote remote inspections in order to maintain their market share and position.

Some of the key players in this industry are: BOURBON Corporation, Tidewater Inc, Edison Chouest Offshore(Offshore Service Vessels L.L.C. ), SolstadFarstad ASA, A.P. Møller – Mærsk A/S , Swire Pacific Limited, Seacor Holdings Inc., Bumi Armada Berhad, and VroonOffshore Services Pte Ltd.

Read More Trending “PMR Exclusive Article”-  https://www.prnewswire.com/news-releases/offshore-support-vessel-services-market-to-expand-at-over-7-through-2031-301430769.html

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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