Dynamic positioning (DP) is a computer-controlled system to automatically maintain a vessel's position and heading by using its own propellers and thrusters. Position reference sensors, combined with wind sensors, motion sensors and gyrocompasses, provide information to the computer pertaining to the vessel's position and the magnitude and direction of environmental forces affecting its position.
The expected downturn in the offshore industry and the weakening shipbuilding industry are anticipated to impact the overall marine dynamic positioning system market in the coming years. The deterioration in the market conditions for offshore oil & gas industry and decline in oil prices are some of the reasons that restrain the market growth. In addition, global oversupply, recessions, and change in economic fundamentals limit the growth of the shipbuilding industry.
The growth of the marine dynamic positioning system industry is driven by the growth in offshore windmill installations, increase in the number of offshore patrol vessels, and rise in deployment of research vessels.
Africa is one of the fastest-growing markets for dynamic positioning systems due to increase in the end users of dynamic positioning systems. Africa’s economic development was fueled by activities related to extraction of massive energy sources. Due to the presence of a significant number of natural resources, various non-African companies are willing to contribute towards the development of the African maritime sector.
The global Marine Dynamic Positioning System market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Marine Dynamic Positioning System volume and value at global level, regional level and company level. From a global perspective, this report represents overall Marine Dynamic Positioning System market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Marine Dynamic Positioning System in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Marine Dynamic Positioning System manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Kongsberg Maritime
General Electric
WÄRTSILÄ
Marine Technologies
Moxa
Navis Engineering
Volvo Penta
Praxis Automation Technology
Rolls-Royce
Twindisc
Reygar
Guidance Marine
NAUDEQ Company
Comex
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Thruster Systems
DP Control Systems
Sensors
Power Systems
Summary: Get latest Market Research Reports on Marine Dynamic Positioning System. Industry analysis & Market Report on Marine Dynamic Positioning System is a syndicated market report, published as Global Marine Dynamic Positioning System Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Marine Dynamic Positioning System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.