Deep Water Support Vessel Market Report 2025 (Global Edition)

Global Deep Water Support Vessel Market Report 2025 Market Size Split by Fuel (Fuel Oil, LNG), by Type (Anchor-handling Tug Supply Vessels, Platform Support Vessels, Multipurpose Support Vessels, Stan...

Deep Water Support Vessel Market Report Description

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Deep Water Support Vessel Market Insights Video

Competitive Landscape of the Deep Water Support Vessel Market

The competitive landscape of the deepwater support vessel market is characterized by several key players offering a range of vessel types and services to support offshore oil and gas exploration and production activities.

March 2023: Maersk entered into a three-year contract with Petrobras, a state-owned Brazilian multinational corporation in the petroleum industry, to use three L- class anchor handlers to carry out a range of anchor handling activities and rig movements. (Source: https://www.maersksupplyservice.com/2023/03/07/petrobras-contract-brazil/) March 2023: Tidewater Inc. announced a definitive agreement to purchase 37 of Solstad Offshore ASA's (SOFF) platform supply vessels (PSVS). (Source:https://investor.tdw.com/news/news-details/2023/Tidewater-Announces-the-Acquisition-of-37-Platform-Supply-Vessels-from-Solstad-Offshore/default.aspx)

Top Companies Market Share in Deep Water Support Vessel Industry: (In no particular order of Rank)

• A.P. Moller-Maersk
• BOURBON
• Ostenjso Rederi
• MMA Offshore Limited
• Harvey Gulf International Marine
• LLC
• SEACOR Marine LLC
• Solstad Offshore ASA
• Tidewater
• Inc.
• PACC Offshore Services Holdings
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Deep Water Support Vessel Market

Which Region Dominates the Deep Water Support Vessel Market in 2024?

According to Cognitive Market Research, North America stands out as the dominant region in the Deep Water Support Vessel (DWSV) market for several key reasons. Firstly, the region boasts a mature offshore oil and gas industry, particularly in the Gulf of Mexico, which drives substantial demand for DWSVs for exploration, production, and maintenance activities. Additionally, North America's stringent safety and environmental regulations necessitate the use of specialized vessels, further boosting the demand for DWSVs. Moreover, the region benefits from advanced technology and expertise in offshore operations, supporting the deployment of sophisticated DWSVs.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific region is experiencing rapid growth in the Deep Water Support Vessel Market due to several key factors. Firstly, the increasing demand for energy resources, particularly oil and gas, has led to a rise in deep-water exploration and production activities in the region. This has created a need for specialized vessels capable of supporting these operations efficiently. Additionally, the region's robust shipbuilding industry and skilled workforce have enabled the construction of high-quality, cost-effective vessels, further driving market growth.

 

The current report Scope analyzes Deep Water Support Vessel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Deep Water Support Vessel Market Analysis

According to Cognitive Market Research, the global Deep Water Support Vessel market size was estimated at USD 17581.9 Million out, of which North America held the major market of more than 40% of the global revenue with a market size of USD 7032.76million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Deep Water Support Vessel market with a market size of USD 5548.85 million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The demand is amplified by the nation's essential role in complex offshore operations.
• The Canada Deep Water Support Vessel market had a market share of USD 843.93 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's robust increasing offshore exploration and production activities.
• The Mexico Deep Water Support Vessel market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 639.98 million in 2024.

Europe Deep Water Support Vessel Market Analysis

According to Cognitive Market Research, the global Deep Water Support Vessel market size was estimated at USD 17581.9 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 5274.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5%from 2024 to 2031.

• The United Kingdom Deep Water Support Vessel market had a market share of USD 886.13 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, Deep Water Support Vessel sales witness an upswing due to the nation's increased offshore energy activities.
• The France Deep Water Support Vessel market is projected to witness growth at a CAGR of 1.7% during the forecast period with a market size of USD 485.26 million in 2024.
• According to Cognitive Market Research, the Germany Deep Water Support Vessel market size was valued at USD 1044.36 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, Deep Water Support Vessel sales surge due to the focus on sustainable energy has accelerated investments in offshore wind farms.
• The Italy Deep Water Support Vessel market is projected to witness growth at a CAGR of 1.9%during the forecast period with a market size of USD 453.61 million in 2024.
• The Russia Deep Water Support Vessel market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD 817.56 million in 2024.
• The Spain Deep Water Support Vessel market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD 432.51 million in 2024
• The LuxembourgDeep Water Support Vessel market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 163.51 million in 2024.
• The PortugalDeep Water Support Vessel market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD 110.77 million in 2024.
• The GreeceDeep Water Support Vessel market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 63.29 million in 2024.
• Rest of Europe Deep Water Support Vessel market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD 817.56 million in 2024.

Asia Pacific Deep Water Support Vessel Market Analysis

According to Cognitive Market Research, the global Deep Water Support Vessel market size was estimated at USD 17581.9 Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 4043.84million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0%from 2024 to 2031.

• According to Cognitive Market Research, the China Deep Water Support Vessel market size was valued at USD 1819.73 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Deep Water Support Vessel sales surge in China due to the need for efficient transportation of personnel to and from offshore sites.
• The Japan Deep Water Support Vessel market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 558.05 million in 2024.
• The India Deep Water Support Vessel market had a market share of USD 485.26 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. The demand is augmented by India's increasing offshore oil and gas exploration activities.
• The South Korea Deep Water Support Vessel market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 404.38 million in 2024.
• The Australia Deep Water Support Vessel market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 210.28 million in 2024.
• The South East Asia Deep Water Support Vessel market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 279.02 million in 2024.
• The Rest of Asia Pacific Deep Water Support Vessel market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 287.11 million in 2024.

South America Deep Water Support Vessel Market Analysis

According to Cognitive Market Research, the global Deep Water Support Vessel market size was estimated at USD 17581.9 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 879.10 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4%from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Deep Water Support Vessel market size was valued at USD 376.25 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Deep Water Support Vessel sales flourish in Brazil due to the extensive offshore oil and gas developments.
• Argentina Deep Water Support Vessel market had a market share of USD 147.69 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The demand is augmented by Argentina's increasing offshore oil and gas exploration activities.
• Colombia Deep Water Support Vessel market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 78.24 million in 2024.
• Peru Deep Water Support Vessel market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 72.09 million in 2024.
• Chile Deep Water Support Vessel market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 63.29 million in 2024.
• The Rest of Latin America Deep Water Support Vessel market is projected to witness growth at a CAGR of 2.5% during the forecast period with a market size of USD 141.53 million in 2024.

Middle East Deep Water Support Vessel Market Analysis

According to Cognitive Market Research, the global Deep Water Support Vessel market size was estimated at USD 17581.9 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 351.64million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7%from 2024 to 2031.

• The GCC Countries Deep Water Support Vessel market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 150.50 million in 2024. Deep Water Support Vessel sales flourish due to the extensive offshore exploration and production activities.
• The Egypt Deep Water Support Vessel market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 36.92 million in 2024.
• The South Africa Deep Water Support Vessel market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 55.56 million in 2024. Deep Water Support Vessel sales flourish in the South Africa due to the stringent safety regulations.
• The Turkey Deep Water Support Vessel market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 30.24 million in 2024.
• The Nigeria Deep Water Support Vessel market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 36.92 million in 2024.
• The Rest of MEA Deep Water Support Vessel market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 41.49 million in 2024.

Deep Water Support Vessel Market Analysis

Deep Water Support Vessel Market Fuel type Segment Analysis

According to Cognitive Market Research, the dominant category in the Deep Water Support Vessel (DSV) market is diesel fuel. Diesel-powered vessels hold a significant share due to their widespread availability, established infrastructure, and reliability in offshore operations. Diesel engines offer robust performance and efficiency, essential for the demanding conditions of deep-water activities. Additionally, the extensive global network of diesel supply chains ensures uninterrupted operations, making it the preferred choice for many operators.

LNG fuel is emerging as the fastest-growing category in the Deep Water Support Vessel market. The push towards decarbonization and stringent environmental regulations are propelling the adoption of LNG as a clean and sustainable fuel alternative. LNG vessels produce zero emissions, aligning with global efforts to reduce the carbon footprint of maritime operations. Technological advancements and increasing investments in LNG infrastructure are accelerating its deployment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Deep Water Support Vessel Industry. Request a Free Sample PDF!

Deep Water Support Vessel Market Type Segment Analysis

According to Cognitive Market Research, Anchor-handling tug supply (AHTS) vessels dominate the Deep Water Support Vessel market due to their critical role in offshore oil and gas operations. These vessels are essential for handling anchors for oil rigs, towing them to different locations, and positioning them on the seafloor. Their versatility and robust design enable them to operate in harsh deep-water environments, making them indispensable for offshore activities.

The Seismic vessels represent the fastest-growing category in the Deep Water Support Vessel market. The increasing demand for oil and gas exploration in deep and ultra-deep waters is propelling the need for advanced seismic surveys. These vessels are equipped with sophisticated technology to map underwater geological structures, which is crucial for identifying potential hydrocarbon reserves. As exploration activities intensify globally, the adoption of seismic vessels is accelerating.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Deep Water Support Vessel End-user industry Segment Analysis

According to Cognitive Market Research, the Offshore Oil & Gas industry dominates the Deep Water Support Vessel market. This sector heavily relies on a wide range of support vessels, including platform supply vessels, anchor-handling tug supply vessels, and multipurpose support vessels, to facilitate exploration, drilling, and production activities. The constant demand for deep-water oil and gas resources drives the need for these specialized vessels.

Other sector is the fastest-growing category in the Deep Water Support Vessel market. With the global shift towards sustainable energy sources, the deployment of offshore wind farms and other renewable energy projects is accelerating. Support vessels are crucial for the installation, maintenance, and operation of these renewable energy structures. The increasing emphasis on reducing carbon emissions and the rising investments in offshore renewable energy projects are propelling the growth of this category.

• Offshore Oil & Gas
• Other

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Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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