Offshore Mooring Systems Market Analysis, Region & Country Revenue Share, & Forecast Till 2028
Increasing oil and gas production, rising demand for energy globally, and rising purchasing power of consumers are key factors driving growth of market Market Size – USD 1.93 Billion in 2020, Market Growth – at a CAGR of 4.1%, Market Trends – Increasing offshore oil and gas exploration and production activities The global Offshore Mooring Systems Market size is expected to reach USD 2.66 Billion by 2028 and register a CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data. Rising demand for energy globally and maturity of a number of onshore gas and oilfields has resulted in increased offshore field exploration activities, which are major factors driving market revenue growth. Rapidly increasing global population and rising demand for energy are major factors expected to continue to drive market growth over the forecast period. Mooring systems are composed of mooring lines, anchors, wires, and chains and provide anchorage to ships, float...