Global Offshore Decommissioning Market is estimated to be $6.5 billion in 2022. The research and analytics firm Datavagyanik released the updated version if its report on “Offshore Decommissioning Market – Country wise Detailed Analysis, Business Opportunities and Forecasts”. The updated version of the report is released with latest data, industry trends and competitive benchmarking. The report makes use of analytical models to study country level market patterns and forecast for the next seven years.
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Decommissioning is the end phase of any offshore oil and gas project. The decommissioning process includes safely plugging in the well at land surface and disposing of equipment used in offshore oil and gas exploration. In the Gulf of Mexico, decommissioning an offshore oil and gas platform has become mandatory for oil and gas companies. Factors such as aging offshore infrastructure in the oil and gas industry, increased offshore oil and gas exploration activities and increased demand for oil and gas are expected to be the main drivers. Most of the decommissioned offshore projects are in shallow water, as early offshore products were mainly shallow water, while deep-water projects have emerged in recent years.
The report covers analysis on over 25 market players including the below mentioned players:
- Royal Boskalis Westminster N.V.
- Heerema Marine Contractors
- Halliburton
- Schlumberger
- Petrofac
- Oceaneering International
- Baker Hughes Company
- Amex Foster Wheeler
- Awilco Drilling
- Tetra Technologies, Inc.
- Others
Research Objective
- To provide a comprehensive analysis of the Offshore Decommissioning Industry, thereby providing a detailed structure of the market.
- To provide detailed insights into factors driving and restraining the growth of the Offshore Decommissioning Industry.
- To estimate the market size of each market segment which in turn is responsible for revenue generation of the respective countries.
- To provide strategic profiling of key companies present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market.
- To identify business opportunities in the Offshore Decommissioning Market
- To provide a country wise market forecast for market segments and sub-segments for the period (2021 – 2027).
- Product portfolio analysis and market share analysis.
Insightful findings addressed through this market intelligence report:
- Country-wise market size and forecast is vital in understanding the current market potential and future scenario.
- Helps industry participants/organizations in strategizing their sales decisions.
- Supports organizations in business expansion and setting up a new business across potential geographical regions.
- Helps market participants in identifying potential end users and business segments, thereby, helping them in taking effective business decisions.
- Helps business sectors to align themselves with innovative market trends.
- Strategic recommendations based on global market forecasts over the forecast timeframe is useful in gauging future prospects of the market and planning long term business moves.
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Offshore Decommissioning Market Study Contents:
- Offshore Decommissioning Market executive summary and country wise data tracker.
- North America Offshore Decommissioning Market Analysis, segment level details, historical data and forecast (United States, Canada).
- Europe Offshore Decommissioning Market Analysis, segment level details, historical data and forecast (Germany, France, Italy, Spain, UK, Rest of Europe).
- Asia Pacific Offshore Decommissioning Market Analysis, segment level details, historical data and forecast (China, India, Japan, South Korea, Indonesia, Australia, Rest of Asia-Pacific).
- Rest of the World (Latin America, Middle East, Africa).
- Segment/sub segment level insights, revenue figures and forecast.
- Analysis on over 20 market participants with competitive benchmarking, segment revenues and business strategies.
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Key Questions Answered by This Study
- What was the Offshore Decommissioning market size for historic years?
- How will the Offshore Decommissioning market grow over the forecast years i.e. from 2022 – 2030?
- What is the year-on-year growth rate?
- Who are the key target audiences for the market?
- Analysis derived through consumption perspective and expenditure perspective.
- Micro and macro factors?
- Internal and External Variables?
- Purchasing powers from the perspective of end users.
- What are the marketing techniques that a company should adopt in order to advertise their brand or product or services?
- How will the market drivers, restraints and future opportunities have an impact on the market dynamics and an analysis supporting the ongoing market trends?
- Which segment and region are driving the market growth and how?
- Which are the major countries actively contributing towards the market development?
- What would be market size of each segment in major countries which in turn is responsible for revenue generation of the respective regions?
- Who are the visionaries, leaders, challengers and niche market participants of the Offshore Decommissioning market?
- Strategic initiatives taken by Offshore Decommissioning market participants and their influence in the market growth.
- What are goals that need to be mapped by the Offshore Decommissioning market participants for introducing a product or expanding regional presence?
Key Players Insights:
The research provides a comprehensive analysis of market participants with coverage on company portfolio, growth strategies, target customers, operating geography and other updates. The study provides analysis on over 25 market participants including:
- Royal Boskalis Westminster N.V.
- Heerema Marine Contractors
- Halliburton
- Schlumberger
- Petrofac
- Oceaneering International
- Baker Hughes Company
- Amex Foster Wheeler
- Awilco Drilling
- Tetra Technologies, Inc.
- Others
Offshore Decommissioning Market Segmentation
Offshore Decommissioning Analysis, by Type:
- Well Plugging and Abandonment
- Conductor Removal
- Platform Removal
- Others
Offshore Decommissioning Analysis, by Depth:
- Shallow
- Deepwater
Offshore Decommissioning Analysis, by Type:
- Topside
- Substructure
- Sub Infrastructure
Offshore Decommissioning Market revenue and forecast for the period (till 2030), by Region:
North America Offshore Decommissioning Market
- United States
- Canada
Europe Offshore Decommissioning Market
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific Offshore Decommissioning Market
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
Latin America Offshore Decommissioning Market
- Brazil
- Mexico
- Argentina
Middle East & Africa Offshore Decommissioning Market
- Saudi Arabia
- UAE
- Egypt
- Rest of Middle East & Africa
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