According to the research report titled ‘Asia Pacific Offshore Support Vessel Market Size By Fuel, Water Depth, Vessel, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 a?? 2026’, available with Market Study Report, Asia-Pacific offshore support vessel market is expected to register significant growth between 2020 and 2026.
 

Increasing exploitation of existing hydrocarbon reserves coupled with rising number offshore rigs have impelled the demand for operational and logistical support infrastructure, which in turn is a prime factor driving the growth of Asia-Pacific offshore support vessel market. Escalating investments towards ultra-deep and deep water E&P activities is also propelling the market expansion.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2609868/
 

As per vessel type, the report cites that PSV (platform supply vessel) segment is expected to grow substantially during the estimated timeframe. Growing demand for transportation and logistics services along with rising number of new projects in high seas are boosting Asia-Pacific offshore support vessel market share from PSV segment. Moreover, inclination towards dynamic fleet posting in order to achieve high flexibility during deep sea operations is favoring the market scenario.
 

Based on water depth, deep water segment of Asia-Pacific offshore support vessel industry is estimated to generate lucrative revenues in the forthcoming years. Focus towards exploring deep and ultra-deep oilfields coupled with depleting onshore reserves are positively impacting the growth of the segment. Favorable tax incentives and government regulations which promote the amplification of offshore oil production infrastructure and emergence of unconventional sources like shale oil and gas hydrants are facilitating the business scenario in Asia-Pacific.
 

From the regional point of view, offshore support vessel market in China is reckoned to witness remunerative growth in the ensuing years. Surging investments towards subsea oil production and rising exploration activities are augmenting the regional demand for offshore support vessels. In addition, growing population and government initiatives towards minimizing import dependency are complementing the business outlook in China.
 

Vroon B.V., Solstad Offshore ASA, Siem Offshore Inc., A.P. Møller – Mærsk A/S, Havila Shipping ASA, Gulfmark Offshore Inc., Tidewater Inc., Swire Group, SEACOR Marine Holdings Inc., and   Bourbon Offshore are the key participants in Asia-Pacific offshore support vessel market.