Global Mooring Inspection Market: Overview

Mooring anchoring systems are of high importance for the safe operations of offshore loading systems. Therefore, the integrity of mooring components is of utmost importance to ensure breakage-free operations throughout the service life of the facility.

To attain maximum efficiency from offshore loading systems, the best practice is put in place a risk-based inspection plan that can be optimized in terms of both frequency and inspection effort to be cost-effective. Mooring inspection is a routine practice in offshore operations to ensure the reliability of mooring components, however, the available technologies are not completely reliable or may not be suitable for the purpose.

The report presents detailed quantitative and qualitative insights into the development of the global mooring inspection market for the 2016-2024 period. It also looks into market drivers, challenges, opportunities as well as technological developments that will have a bearing on this market over the aforementioned forecast period.

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Global Mooring Inspection Market: Trends and Opportunities

The importance of identifying defects in a mooring system for safe offshore and onshore operations is primarily driving the mooring inspection market. This is because mooring inspection helps detect defects in mooring lines such as mechanical overload, fatigue, erosion, and corrosion. Thus, the integrity of mooring facility during its entire lifespan can be attained by rigorous monitoring and inspection techniques in place.

In terms of type of inspection, water inspection, shore inspection, and partial raising inspection are the segments of the market. Water inspection is done by divers without unfastening the mooring lines. Partial raising inspection is carried out by pulling the mooring component onboard a vessel and then examined. Shore inspects involves completely detaching the mooring line and pulling it onshore and then examined.

On the basis of technique, the market can be divided into ultrasonic techniques, close visual inspection, HD 3-D videos, optical chain measurement systems, rope measurement systems, magnetic particle inspection, 3-D modeling, subsea chain measurement caliper, and ROV based measurement.

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Of these MPI testing is significantly used as it is nondestructive. This method utilizes magnetic fields and magnetic particles to determine defects in mooring components such as swivels, chasers, connecting links, shackles, and hooks. Close visual inspection technology is often integrated with ROV system. It employs modern methods used for subsea damage diagnostics such as HD video inspection and 3-D modeling. Magnetic particle inspection and close visual inspection can be combined to detect corrosion, distortion, surface cracks, and chain breaks.

Global Mooring Inspection Market: Regional Outlook

In terms of geography, the market can be classified into the segments of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America dominates the mooring inspection market led by the large number of operational rigs in the Gulf of Mexico. Europe is also a significantly large market for mooring inspection due to the presence of offshore operations in the North Sea. However, the Middle East and Africa and Southeast Asia are expected to extend attractive opportunities to the mooring inspection market led by an increasing number of offshore operations in the Persian Gulf and Bengal Basin.

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Global Mooring Inspection Market: Competitive Landscape

Key players in the mooring inspection market include Aceton Group Ltd., Welaptega, Viking SeaTech, Franklin Offshore Australia Pty Ltd., DELMAR, and JIFMAR Offshore Services. Of these, Franklin Offshore Australia Pty Ltd. leads the overall market with an extensive service portfolio.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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