Top 5 Trends in Dynamic Positioning Systems Market

Published By : 24 May 2016 | Published By : QYRESEARCH

Dynamic positioning systems are majorly utilized for the proper functionality of deep sea vessels. These systems helps in maintaining the position and heading of the vessel using its own thrusters and propellers. Dynamic positioning operated vessels have emerged as the only solution in deep water production and exploration due to the depth and length of mooring lines needed. The key trends in the market have been elaborated as under:

  • Technological Advancements to Enhance Dynamic Positioning Systems: Deep diving support and deep water drilling vessels work in extreme environments such as current, waves, and wind. A dynamic positioning system has wind sensors, position reference sensors, motion sensors, and gyrocompasses for regularly updating position, riser data, and heading. This data owing to it being generated in real-time basis is important for making adjustments in the heading and positioning of the vessel. By taking help from the commands being sent by dynamic positioning systems, a vessel’s propellers, thrusters, and rudders are easily adjusted. 
  • Use of Dynamic Positioning Systems in Offshore Drilling Fuels Market Growth: The utilization of dynamic positioning systems in offshore drilling carried on by oil companies has greatly fuelled the development of the market for dynamic positioning systems. These systems are being extensively employed in offloading vessels and for floating production storage. 
  • Condition-Based Monitoring Systems’ Advancement to Bring Growth Opportunities: Developments in the utilization of condition-based monitoring systems will bring in new growth opportunities in the market. 
  • Dearth of Skilled Operators to Impede Market Growth: On the seabed, the previously installed subsea structures might hamper the accurate functioning of dynamic positioning systems, thus impeding the demand for dynamic positioning systems. In addition, the functioning of dynamic positioning systems will require skilled and competent operators. The absence of technically abled operators has also impeded the utilization of these systems amongst vessel owners. 
  • MEA and APAC Hold Growth Opportunities: The Middle East and Africa and Asia Pacific have experienced deep sea drilling for the exploration of oil and gas. The presence of oil and gas reserves and the availability of cheap labor has resulted in the increased focus of oil and gas companies in these regions.
Back To Top