Bow Loading System for Oil & Gas Market Analysis

Type (Hose-Handling System, Hawser-Handling System)

In terms of type, the hose handling segment is set to hold 80% share of the global bow loading system for oil & gas market by the end of 2037. The hose handling system shall be located at the centre of the ship, where the coupler system receives the hose from the unloading vessel or ship and attaches it to the onloading vessel. The system relies on the motion of the hoses, which include a hose winch that can be operated in connection and disconnection phases, to maintain attachment integrity. Growing advancement in automation and remote monitoring technologies enhance the efficiency and safety of house handling systems making them more attractive to oil and gas companies.

Application (Floating Storage & Offloading Vessels, Oil Loading Tankers)

Bow loading system for oil & gas market from the floating storage & offloading vessels segment is expected to garner the largest revenue share during the forecast period. This growth is due to increased oil and gas production from drilling rigs. In the coming years, increasing oil demand is expected to further accelerate the demand for floating storage & offloading vessels In the projections, global oil consumption is expected to grow by 1.8 million b per year in 2023 and 1.3 million b per year in 2024.

Our in-depth analysis of the global market includes the following segments: