Global Offshore Supply Vessel (OSV) Market by Product Types, Depth, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global offshore supply vessel (OSV) market is estimated to expand at a CAGR of around 8% during the forecast period, from 2020 to 2026. The growth of the market is attributed to the increasing demand for energy and fuel.

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Offshore Supply Vessel (OSV) is a marine engine container used to transport cargo, equipment, commodities, personnel and overseas oil and gas exploration machinery across oil rigs. It promotes overseas offshore drilling operations via the conveyance of offshore energy supplies. It also promotes the deployment of drilling rigs. It is mainly used in the companies for oil and gas exploration (E&P) operations. OSV is controlled by owners of ships or by corporations which lease them. In addition, it also promotes maritime supply chain operations for multiple other business sectors, including deep water mining and subsea mining.

Market Trends, Drivers, Restraints, and Opportunities:

Excessive offshore exploration & production events are estimated to boost the growth of the market.
Increased exploration in the Golden Triangle such as the Brazil, West Africa, and the Gulf of Mexico is predicted to facilitate the market growth.
Key factors including carrier volume, longevity, horse power, and trade limitations is anticipated to push the growth of the market.
Increase in deep and ultra-deep hydrocarbon exploration activities particularly in the South China Sea is expected to stimulate the market growth.
Technological advances concerning innovations in a wide range of products is predicted to drive the growth of the market.
Ecological reliability is estimated to propel the growth of the market.
Improved growth of regasification stations as well as intra-regional gas pipeline equipment is anticipated to spur gas procurement agreements. The rise in the number of LNG factories and the increase in usage is expected to have a positive impact on the growth of the market.
Strong environmental laws on the use and extraction of fossil fuels are predicted to encourage the growth of reliable LNG bunkering channels. This provides new borders for tank proprietors to secure agreements with different regions located near to offshore oil production units. This, in turn is expected to push the growth of the market.
The necessity for extremely sustainable and quicker freight vessels is expected to enhance R&D projects to optimize the technical aspects of AHTS, PSV, and MPSV. Thereby, encouraging the market growth.
Fall in oil prices which is worsened by the COVID-19 is predicted to hamper the market growth.

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Competitive Landscape:

Major companies in the global offshore supply vessel (OSV) market include Total SA, Bourbon, Tidewater, ExxonMobil, Zamil Co., Maersk Supply, Swire Pacific, Edison Chouest, Homebeck, Abdon Callais, and Harvey Gulf. Tidewater has invested in the modification and addition of new vessels and has sealed agreements with multiple respondents in the oil industry. The manufacturing organizations are engaging in various types of activities such as product launches, acquisitions, research & development, agreements, collaborations, and alliances to gain market share.

The global offshore supply vessel (OSV) market has been segmented on the basis of

Product Types

Anchor Handling Tug Supply (AHTS)
Platform Supply Vessel(PSV)
Others

Depth

Shallow Water
Deep Water

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Offshore Supply Vessel (OSV) Market Overview
Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Type
Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Application
Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Sales Channel
Global Offshore Supply Vessel (OSV) Market Analysis and Forecast by Region
North Offshore Supply Vessel (OSV) Market Analysis and Forecast
Latin Offshore Supply Vessel (OSV) Market Analysis and Forecast
Europe Offshore Supply Vessel (OSV) Market Analysis and Forecast
Asia Pacific Offshore Supply Vessel (OSV) Market Analysis and Forecast
Middle East & Africa Offshore Supply Vessel (OSV) Market Analysis and Forecast
Competition Landscape

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