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Maritime

PUBLISHER: TechSci Research | PRODUCT CODE: 1901797

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PUBLISHER: TechSci Research | PRODUCT CODE: 1901797

Platform Supply Vessel Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By DWT, By Applications, By Type, By Fuel, By Region & Competition, 2021-2031F

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Description

Table of Contents

The Global Platform Supply Vessel (PSV) Market will grow from USD 3.95 Billion in 2025 to USD 5.52 Billion by 2031 at a 5.74% CAGR. Platform Supply Vessels are specialized maritime assets designed to transport essential stores, equipment, and drilling fluids from onshore bases to offshore production platforms and drilling rigs. The primary drivers fueling market expansion include the resurgence of deepwater oil and gas exploration and the rapidly increasing logistical requirements of the offshore wind energy sector.

Market Overview
Forecast Period2027-2031
Market Size 2025USD 3.95 Billion
Market Size 2031USD 5.52 Billion
CAGR 2026-20315.74%
Fastest Growing SegmentDiesel
Largest MarketNorth America

Key Market Drivers

The resurgence in offshore oil and gas exploration activities serves as a primary catalyst for the Platform Supply Vessel market, driven by renewed confidence in long-term energy projects. As major energy companies redirect capital toward deepwater and ultra-deepwater assets, the demand for specialized logistical support to transport drilling fluids, pipes, and provisions has intensified.

Key Market Challenges

The significant challenge regarding the aging global fleet and limited shipyard slots serves as a primary constraint hampering the growth of the Global Platform Supply Vessel (PSV) Market. As the industry cannot swiftly commission new vessels due to full shipyard order books, operators are compelled to extend the operational life of older tonnage. This reliance on aging assets results in lower mechanical reliability and increased maintenance requirements, which directly disrupts the precise logistical schedules required by offshore clients.

Key Market Trends

The widespread adoption of hybrid and battery-electric propulsion systems is reshaping the operational profile of the Global Platform Supply Vessel (PSV) Market as operators actively retrofit fleets to reduce carbon footprints and operating costs. This technical shift is distinct from general fleet expansion; it prioritizes the installation of energy storage systems (ESS) to optimize engine loads during dynamic positioning and standby operations, thereby lowering maintenance needs and emissions. Shipowners are increasingly leveraging these upgrades to secure premium contracts with energy majors that now mandate strict environmental performance criteria.

Key Market Players

  • Cosco Shipping Lines Co., Ltd
  • Vard Group
  • Xiamen Shipbuilding Industry Co., Ltd.
  • Nam Cheong Limited
  • VT Halter Marine, Inc
  • Damen Shipyards Group
  • Sinopacific Offshore & Engineering Co. Ltd
  • Eastern Shipbuilding Group
  • Remontowa Shipbuilding S.A
  • Harvey Gulf International Marine LLC

Report Scope:

In this report, the Global Platform Supply Vessel (PSV) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Platform Supply Vessel (PSV) Market, By DWT:

  • PSV below 3000 DWT
  • PSV above 3000 DWT

Platform Supply Vessel (PSV) Market, By Applications:

  • Oil and Gas Production
  • Offshore Construction
  • Military
  • Others

Platform Supply Vessel (PSV) Market, By Type:

  • Cargo and Support

Platform Supply Vessel (PSV) Market, By fuel,:

  • Diesel
  • LNG
  • Electric
  • Hybrid

Platform Supply Vessel (PSV) Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Platform Supply Vessel (PSV) Market.

Available Customizations:

Global Platform Supply Vessel (PSV) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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Product Code: 15981

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Platform Supply Vessel (PSV) Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By DWT (PSV below 3000 DWT, PSV above 3000 DWT)
    • 5.2.2. By Applications (Oil and Gas Production, Offshore Construction, Military, Others)
    • 5.2.3. By Type (Cargo and Support)
    • 5.2.4. By fuel, (Diesel, LNG, Electric, Hybrid)
    • 5.2.5. By Region
    • 5.2.6. By Company (2025)
  • 5.3. Market Map

6. North America Platform Supply Vessel (PSV) Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By DWT
    • 6.2.2. By Applications
    • 6.2.3. By Type
    • 6.2.4. By fuel,
    • 6.2.5. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Platform Supply Vessel (PSV) Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By DWT
        • 6.3.1.2.2. By Applications
        • 6.3.1.2.3. By Type
        • 6.3.1.2.4. By fuel,
    • 6.3.2. Canada Platform Supply Vessel (PSV) Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By DWT
        • 6.3.2.2.2. By Applications
        • 6.3.2.2.3. By Type
        • 6.3.2.2.4. By fuel,
    • 6.3.3. Mexico Platform Supply Vessel (PSV) Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By DWT
        • 6.3.3.2.2. By Applications
        • 6.3.3.2.3. By Type
        • 6.3.3.2.4. By fuel,

7. Europe Platform Supply Vessel (PSV) Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By DWT
    • 7.2.2. By Applications
    • 7.2.3. By Type
    • 7.2.4. By fuel,
    • 7.2.5. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Platform Supply Vessel (PSV) Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By DWT
        • 7.3.1.2.2. By Applications
        • 7.3.1.2.3. By Type
        • 7.3.1.2.4. By fuel,
    • 7.3.2. France Platform Supply Vessel (PSV) Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By DWT
        • 7.3.2.2.2. By Applications
        • 7.3.2.2.3. By Type
        • 7.3.2.2.4. By fuel,
    • 7.3.3. United Kingdom Platform Supply Vessel (PSV) Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By DWT
        • 7.3.3.2.2. By Applications
        • 7.3.3.2.3. By Type
        • 7.3.3.2.4. By fuel,
    • 7.3.4. Italy Platform Supply Vessel (PSV) Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By DWT
        • 7.3.4.2.2. By Applications
        • 7.3.4.2.3. By Type
        • 7.3.4.2.4. By fuel,
    • 7.3.5. Spain Platform Supply Vessel (PSV) Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By DWT
        • 7.3.5.2.2. By Applications
        • 7.3.5.2.3. By Type
        • 7.3.5.2.4. By fuel,

8. Asia Pacific Platform Supply Vessel (PSV) Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By DWT
    • 8.2.2. By Applications
    • 8.2.3. By Type
    • 8.2.4. By fuel,
    • 8.2.5. By Country
  • 8.3. Asia Pacific: Country Analysis
    • 8.3.1. China Platform Supply Vessel (PSV) Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By DWT
        • 8.3.1.2.2. By Applications
        • 8.3.1.2.3. By Type
        • 8.3.1.2.4. By fuel,
    • 8.3.2. India Platform Supply Vessel (PSV) Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By DWT
        • 8.3.2.2.2. By Applications
        • 8.3.2.2.3. By Type
        • 8.3.2.2.4. By fuel,
    • 8.3.3. Japan Platform Supply Vessel (PSV) Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By DWT
        • 8.3.3.2.2. By Applications
        • 8.3.3.2.3. By Type
        • 8.3.3.2.4. By fuel,
    • 8.3.4. South Korea Platform Supply Vessel (PSV) Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By DWT
        • 8.3.4.2.2. By Applications
        • 8.3.4.2.3. By Type
        • 8.3.4.2.4. By fuel,
    • 8.3.5. Australia Platform Supply Vessel (PSV) Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By DWT
        • 8.3.5.2.2. By Applications
        • 8.3.5.2.3. By Type
        • 8.3.5.2.4. By fuel,

9. Middle East & Africa Platform Supply Vessel (PSV) Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By DWT
    • 9.2.2. By Applications
    • 9.2.3. By Type
    • 9.2.4. By fuel,
    • 9.2.5. By Country
  • 9.3. Middle East & Africa: Country Analysis
    • 9.3.1. Saudi Arabia Platform Supply Vessel (PSV) Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By DWT
        • 9.3.1.2.2. By Applications
        • 9.3.1.2.3. By Type
        • 9.3.1.2.4. By fuel,
    • 9.3.2. UAE Platform Supply Vessel (PSV) Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By DWT
        • 9.3.2.2.2. By Applications
        • 9.3.2.2.3. By Type
        • 9.3.2.2.4. By fuel,
    • 9.3.3. South Africa Platform Supply Vessel (PSV) Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By DWT
        • 9.3.3.2.2. By Applications
        • 9.3.3.2.3. By Type
        • 9.3.3.2.4. By fuel,

10. South America Platform Supply Vessel (PSV) Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By DWT
    • 10.2.2. By Applications
    • 10.2.3. By Type
    • 10.2.4. By fuel,
    • 10.2.5. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Platform Supply Vessel (PSV) Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By DWT
        • 10.3.1.2.2. By Applications
        • 10.3.1.2.3. By Type
        • 10.3.1.2.4. By fuel,
    • 10.3.2. Colombia Platform Supply Vessel (PSV) Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By DWT
        • 10.3.2.2.2. By Applications
        • 10.3.2.2.3. By Type
        • 10.3.2.2.4. By fuel,
    • 10.3.3. Argentina Platform Supply Vessel (PSV) Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By DWT
        • 10.3.3.2.2. By Applications
        • 10.3.3.2.3. By Type
        • 10.3.3.2.4. By fuel,

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Merger & Acquisition (If Any)
  • 12.2. Product Launches (If Any)
  • 12.3. Recent Developments

13. Global Platform Supply Vessel (PSV) Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. Cosco Shipping Lines Co., Ltd
    • 15.1.1. Business Overview
    • 15.1.2. Products & Services
    • 15.1.3. Recent Developments
    • 15.1.4. Key Personnel
    • 15.1.5. SWOT Analysis
  • 15.2. Vard Group
  • 15.3. Xiamen Shipbuilding Industry Co., Ltd.
  • 15.4. Nam Cheong Limited
  • 15.5. VT Halter Marine, Inc
  • 15.6. Damen Shipyards Group
  • 15.7. Sinopacific Offshore & Engineering Co. Ltd
  • 15.8. Eastern Shipbuilding Group
  • 15.9. Remontowa Shipbuilding S.A
  • 15.10. Harvey Gulf International Marine LLC

16. Strategic Recommendations

17. About Us & Disclaimer

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