Offshore Decommissioning Services Market to Reach $9.90 Billion by 2030
The Offshore Decommissioning Services Market is projected to grow from $6 billion in 2023 to $9.90 billion by 2030, registering a CAGR of 7.4% during the forecast period. This growth underscores the increasing importance of safely and responsibly removing and disposing of offshore oil and gas facilities that have reached the end of their productive life.
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Offshore Decommissioning Services Market Scope and Methodology:
The report offers a detailed view of the Offshore Decommissioning Services market segments formed by combining various aspects. In addition, the report also discusses key drivers, restraints, potential growth opportunities, and challenges of the market. The report provides a comprehensive overview of the competitive market and in-depth analysis that helps companies identify significant changes in industry practices. The market report also studies the current state of the Offshore Decommissioning Services industry with projected future growth, technological developments, investment outlook, market economics and financial data. The study provides an in-depth description of each regional market size, growth rates and provides an overall picture. It provides in-depth information on key players in the industry and explains their approach to maintaining and growing Offshore Decommissioning Services market share.
Offshore Decommissioning Services Market Regional Insights:
Offshore Decommissioning Services market is segmented into major regions such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. These regions are divided into countries like the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Offshore Decommissioning Services Market Segmentation:
by Service
Project Management
Platform Removal
Material Disposal
Others
by Water Depth
Shallow Water
Deep Water
by Structure
Topside
Substructure
Subsea Infrastructure
Shallow water had the highest market share for offshore decommissioning services in 2023, according to water depth. The low functional price and the cost of recovering oil in the oil and gas industry are the main drivers of this expansion. Since deepwater operations have evolved in the upcoming years, many of the seaward activities that are being deactivated are in shallow water due to the fact that advanced offshore products were largely produced in shallow water. The average cost per well for disassembly has significantly increased over the last few years. The requirement for decommissioning is expected to grow significantly during the projected time due to a number of seaward oil and gas activities and the rising costs in offshore oil and gas zones.
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Table of Content: Offshore Decommissioning Services Market
Part 01: Executive Summary
Part 02: Scope of the Offshore Decommissioning Services Market Report
Part 03: Global Offshore Decommissioning Services Market Landscape
Part 04: Global Offshore Decommissioning Services Market Sizing
Part 05: Global Offshore Decommissioning Services Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Offshore Decommissioning Services Market Key Players:
1. AG Gruppen
2. Acteon
3. Ramboll Group
4. John wood Group PLC
5. Aker Solutions ASA
6. Amec Foster Wheeler, PLC
7. Tetra Technologies, Inc.
8. DeepOcean Group
9. Able U.K., Ltd.
10. Allseas Group
11. Heerema Marine
12. Petrofac Corporation
13. BP Plc
14. Statoil ASA
15. TechnipFmc PLC
16. Worley
17. Wood Group
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Key questions answered in the Offshore Decommissioning Services Market are:
- What is Offshore Decommissioning Services?
- What is the growth rate of the Offshore Decommissioning Services Market?
- Which is the fastest-growing region in the Offshore Decommissioning Services market?
- Which are the factors expected to drive the Offshore Decommissioning Services market growth?
- What is the CAGR at which the Offshore Decommissioning Services market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Offshore Decommissioning Services?
- What are the upcoming opportunities and trends for the Offshore Decommissioning Services Market?
- What are the different segments of the Offshore Decommissioning Services Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Offshore Decommissioning Services Market?
- What segments are covered in the Offshore Decommissioning Services Market?
- Who are the key players in the Offshore Decommissioning Services market?
- Who are the leading companies and what are their portfolios in Offshore Decommissioning Services Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by Different Segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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