市场调查报告书
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印度海上支援船市场评估:依船舶类型、材料、应用、水深和地区划分的机会和预测(2017-2031)India Offshore Support Vessel Market Assessment, By Vessel Type, By Material, By Application, By Water Depth, By Region, Opportunities and Forecast, FY2017-FY2031F |
印度海上支援船市场规模将从 2023 年的 4.272 亿美元增长到 2031 年的 9.8449 亿美元,复合年增长率为两位数,在 2024-2031 年预测期内预计将增长至 .
在印度,孟加拉湾和阿拉伯海的石油和天然气项目正在扩大,再生能源日益受到关注,对平台供应船(PSV)的需求不断增加。 PSV 在促进将重要物资和设备运输到偏远的海上设施和钻井平台以及保持营运效率方面发挥着重要作用。
此外,印度对石油和天然气勘探和生产活动的重视促使地震勘探船的使用增加。这艘地震船将勘测海底并收集地质数据,以确定海洋中最适合钻探的区域,同时保护海洋生态系统。印度对永续能源和严格的环境保护政策的承诺正在推动对配备最新技术的最先进的地震船的需求。印度巨大的海上能源储备和向再生能源的过渡也将有助于海上支援船市场的多元化。
因此,印度海上支援船市场预计在预测期内将出现显着成长。深海勘探和生产活动的扩大、离岸风力发电安装量的增加以及自动船舶定位系统和卫星通讯等技术进步等因素正在推动市场成长。
扩大海洋探勘活动:
由于政府优先考虑增加国内能源储备的政策,印度目前的海洋勘探活动正在大幅增加。印度广阔的海岸线正在成为旨在开发海上石油和天然气矿藏的勘探活动的焦点。勘探技术的突破性进步和国家减少对进口能源依赖的要求正在推动对勘探的重视。
新的海上再生能源领域
印度对永续能源解决方案的推动带动了海上再生能源产业的成长,特别是沿着其广阔的海岸线开发离岸风电。政府将离岸风电计画推到了最前沿,目标是到2030年增加30GW的离岸风电容量,这需要专业的基础设施和船舶。海上再生能源计画的激增增加了对海上支援船的需求。
技术进步:
科技进步开创了近海支援船的新时代,大大促进了需求的成长。引进尖端技术对于现代海上作业至关重要,可以提高海上支援船的生产力、安全性和多功能性。自动定位系统、卫星通讯和先进的导航设备改变了船舶的能力,使它们能够在充满课题的海上环境中准确定位和操纵。
本报告调查了印度海上支援船市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素。等等。
India offshore support vessel market is projected to grow at a double-digit CAGR during the forecast period, FY2024-FY2031. The market was valued at USD 427.2 million in FY2023 and will reach USD 984.49 million in FY2031. Offshore Support Vessels (OSVs) are specially designed ships or vessels which provide various services and support to offshore oil and gas exploration and production processes. These vessels play a significant role in the logistics and operations of offshore oil and gas platforms. There are a variety of offshore vessels that help in exploration and drilling as well as providing necessary supplies for the excavation and construction units located in deep seas, from transporting equipment and rigs to repair and maintain offshore wind turbines. Their high adaptability means that they can be assembled for almost any type of project.
India offshore support vessel market presents a dynamic and evolving landscape characterized by the country's significant maritime activities and the rapidly growing energy sector. The market encompasses a range of vessels designed to support offshore operations, including exploration, production, installation, logistics, and maintenance, across the vast expanse of India's oceans and seas.
India with its expanding offshore oil and gas projects in the Bay of Bengal and Arabian Sea as well as its growing focus on renewable energy drives the demand for versatile platform supply vessels (PSVs) equipped with advanced feature such as dynamic positioning systems. PSVs facilitate the transportation of essential supplies and equipment to remote offshore installations and rigs, thus playing a fundamental role in maintaining operational efficiency.
Furthermore, in India, there is a strong emphasis on oil and gas exploration and production activities, hence, the use of seismic vessels is increasing. The seismic vessels conduct underwater surveys and gather geological data to identify optimal subsea areas for drilling while safeguarding the marine ecosystem. India's commitment to sustainable energy and stringent environmental protection policies bolsters the demand for cutting-edge seismic vessels equipped with state-of-the-art technologies. India's vast offshore energy reserves and its progressive transition towards renewable energy sources contribute to the diversification of the offshore support vessel market. While the seismic vessel segment remains relevant due to its role in identifying suitable drilling locations and renewable energy installation sites, the demand for platform support vehicles is rising significantly. As India harnesses its offshore energy potential, both vessel segments share prominence in supporting the country's energy aspirations.
As a result, the offshore support vessel market in India is expected to witness significant growth during the forecast period. Factors such as expansion of deep-water exploration and production activities, increasing installation of offshore wind farms, and technological advancements like dynamic positioning systems and satellite communications will drive the market growth.
For instance, in December 2023, State-run ONGC and Oil India Ltd. (OIL) were in talks with Japan Petroleum Exploration (Japex), Mitsui and Bahrain Petroleum Company (Bapco) to collaborate on increasing domestic exploration and production activities. In the next three years, ONGC plans to establish more than 25 offshore facilities, lay over 1,000 kilometers of sub-sea pipeline, and create offshore infrastructure, requiring an investment of USD 11 billion.
Growing Offshore Exploration Activities
India is currently undergoing a significant increase in offshore exploration activity, spurred by the government's priority on increasing domestic energy reserves. The huge expanse of India's coastline is becoming a focal point for exploration efforts aimed at tapping into offshore oil and gas reserves. The increased emphasis is driven by breakthroughs in exploration technologies and a national imperative to reduce dependence on imported energy sources.
As key participants in the oil and gas sector ramp up their efforts on offshore projects, the need for offshore support vessels has increased significantly. OSVs play an important role in aiding vital services such as seismic surveys, drilling operations, and transporting workers and equipment to and from offshore platforms. As a result, the rising demand for OSVs is intricately linked to the growth of offshore exploration operations. As India positions itself as a prominent player in the global energy landscape, the rise in offshore exploration activities highlight the critical role that OSVs play in supporting and upholding the country's goals for energy security and self-sufficiency. The trend is expected to propel the offshore support vessel market into a period of tremendous growth and innovation, mirroring the dynamic environment of India's growing energy sector.
For instance, in July 2023, ONGC announced its plan to charter up to 18 offshore vessels to support its upstream operations across the western coast. As a part of the government's drive to reduce dependence on imports, ONGC has set out an aggressive plan to spend USD 3.64 billion in FY2023-24, mostly on offshore exploration and development activity.
Emerging Offshore Renewable Energy Sector
India's push towards sustainable energy solutions has given rise to a burgeoning offshore renewable energy sector, particularly in the development of offshore wind farms along its expansive coastline. The government targets an additional 30 GW of offshore wind power capacity by 2030, to bring offshore wind projects to the forefront, necessitating specialized infrastructure and boats. The spike in offshore renewable projects has resulted in a greater need for offshore support vessels.
These vessels are critical in the construction, maintenance, and logistics of offshore wind farms, facilitating the movement of workers, equipment, and supplies to and from the sites. The complexity of offshore wind projects, often located in deep waters, requires the use of advanced vessels equipped with dynamic positioning systems and specialized lifting capacities. These vessels are essential for tasks such as turbine installation, cable laying, and routine maintenance. As India positions itself as a key player in global renewable energy landscape, the demand for versatile and technologically advanced offshore support vessels is set to escalate.
For instance, in May 2023, the Indian government revamped the shipbuilding subsidy scheme to include support for the manufacturing of vessels that help set up offshore wind energy projects and lay undersea cables. Under USD 500 million Shipbuilding Financial Assistance (SBFA), financial assistance of up to 20% of the contract price or the fair price, whichever is lower, is being extended to the Indian shipyards for each specialized vessel built by them.
Technological Advancements
Technological improvements have ushered in a new era for offshore support vessels, adding significantly to their rising demand. The incorporation of cutting-edge technologies has increased the productivity, safety, and versatility of OSVs, making them essential in modern offshore operations. Dynamic positioning systems, satellite communication, and sophisticated navigation aids have changed vessel capabilities, allowing for precise positioning, and maneuvering in challenging offshore environments.
Furthermore, the use of automation and remote sensing technology has improved operating efficiency, reduced human intervention, and increased overall safety. Additionally, to meet the changing demands of the offshore business, OSVs are outfitted with cutting-edge equipment such as specialized cranes, firefighting systems, and oil recovery systems. Companies working in the offshore sector acknowledge the importance of investing in a modern fleet to remain competitive and meet evolving market demands. As offshore projects become more complicated, the requirement for technologically advanced offshore support vessels will continue to rise.
For instance, in October 2023, Praxis Automation, developer of ship automation, electrical propulsion, and dynamic positioning systems, announced that it has been awarded a long-term contract by Rawabi Vallianz Offshore Services, an offshore support service provider. Under the contract, new and existing offshore support vessels will be equipped with Praxis dynamic positioning systems, as well as customized equipment and software integration for digitalization of entire fleet.
Future Market Scenario
India offshore support vessel market is expanding due to the growth of deepwater projects, increasing exploration and production activities, and increased investments by major oil and gas companies.
Technological advancements are expected to play a significant role, with vessels increasingly equipped with sophisticated navigation capabilities, dynamic positioning systems, and eco-friendly features. As the industry adopts digitalization and automation, the efficiency and safety of offshore operations are expected to improve.
Due to the continued push to increase domestic oil and gas production, offshore exploration activities are expected to continue expanding along India's extensive coastline. The rising energy demand and the commitment to renewable energy projects including offshore wind farms, will further contribute to driving the growth of India's offshore support vessel market.
Key Players Landscape and Outlook
Key participants in India offshore support vessel market understand the value of investing in a modern fleet to remain competitive and preserve long-term market growth. To ensure market growth, top market players are employing both organic and inorganic strategies, including product launches, investments, and expansions, as well as collaborations and agreements.
In December 2023, Seamec Ltd. and HAL Offshore signed a Memorandum of Understanding (MoU) for the charter hire of offshore support vessel 'Sea Pearl' at a rate of USD 8,750 per day, stretching over a span of three years, aggregating to USD 9.59 million. The primary goal of the cooperation is to address and fulfill ONGC's operational objectives by providing necessary support and services for its offshore activities.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.