Offshore Mooring Systems Market Anticipated To Expand At USD 1.32 Billion By 2025 : Grand View Research Inc.
San Francisco, 18 October 2019: The Report Offshore Mooring Systems Market Analysis By Type (Spread, SPM, Dynamic Positioning, Tendons), By Application (TLP, Semi-Submersible, SPAR, FPSO, Drill Ships), By Anchorage, And Segment Forecasts, 2018 – 2025 The global offshore mooring systems market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing oil and gas production and exploration from the offshore fields rather than the onshore and the rising development of shale drilling regions for sustainable growth in future is expected to drive the demand for offshore mooring market. Innovation of new technologies for development of new systems in order to cater to the increasing complexity of offshore platforms along with maximum cost cutting is the major trend in the industry. The industry players are focusing on developing driverless latching systems in order to increase safety level during operations. Spread systems w