Navarino announced the collaboration with Vroon, a Netherlands-based operator of 120 offshore support vessels. The collaboration will help Vroon to launch Quazar solutions in their vessels. Quazar offers an easy and effective way of managing and designing the vessel.
Ulstein Group ASA partnered up with ESVAGT for converting two platform supply vessels, Hermit Prosper and Hermit Fighter into emergency response rescue vessels (ERRV) battery hybrid vessels.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5025
Published Date: Jun 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for renewable energy, growing installation of offshore wind farms, and increased exploration of hydrocarbons are the major factors driving the market growth.
The market size of offshore support vessel is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Tidewater Inc., Bourbon Corporation SA, Seacor Marine Holdings Inc., Maersk Supply Service, Solstad Offshore ASA, Swire Pacific Offshore, Vroon Offshore Services, Abdon Callais Offshore LLC, Ulstein Group ASA, and Navarino.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application, end-user, and by region.
The offshore wind farm segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
High implementation cost and disruptive supply chain are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.