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(USGovernment-News.Com, February 02, 2018 ) Extensive research carried out by the analyst at Technavio has shown that the global offshore support vessel (OSV) market will witness steady growth and post a moderate CAGR of more than 5% over the forecast period. With the increasing demand for oil and oil products, the market for offshore support vessel is anticipated to have a positive outlook over the next four years. The majority of demand for oil and oil products is expected to come from sectors such as transportation, power, and manufacturing industries. Of these, transportation is expected to generate the maximum demand for diesel. Moreover, a stagnant growth in diesel demand is also expected from manufacturing and power sectors during the predicted period. Moreover, the overall demand for diesel is likely to grow in the road transportation, aviation, and waterways sectors. The decline in the prices of crude oil will, in turn, spur this market’s growth in the future.
The report covers the present scenario and the growth prospects of the global offshore support vessel market for 2017-2021. To calculate the market size, the report considers the revenue generated by vendors of OSV service providers in the different OSV type.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Publisher's report, Global Offshore Support Vessel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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