Offshore Decommissioning Market Growth Analysis with Leading Key Players: Tetra Technologies, Inc., , BP P.L.C. , Statoil ASA , DNV GL , TechnipFMC PLC , AF Gruppen ASA

Global Market Overview:-

The Global Offshore Decommissioning Market is growing with the rapid pace; mainly due to the aging oil and gas platforms. According to a recent study report published by the Market Research Future, The global market of Offshore Decommissioning is booming and expected to gain prominence over the forecast period. The global Offshore Decommissioning market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2023). The Global Offshore Decommissioning Market is expected to grow at a CAGR of 6.93% during the forecast period.

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Dominant Players:

The leading vendors operating in the market are Statoil ASA (Norway), Ramboll Group A/S (Denmark), Tetra Technologies, Inc., (U.S.), TechnipFMC PLC (U.K.), Claxton Engineering Services (U.K.), AF Gruppen ASA (Norway), Aker Solutions ASA (Norway), Amec Foster Wheeler (U.K.), BP P.L.C. (U.K.), John Wood Group Plc. (Scotland), Allseas group SA (Switzerland) and DeepOcean Group (Netherlands), DNV GL (Norway) and others.

Offshore Decommissioning Global Market - Segmentation

Global Offshore Decommissioning Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises - Topside, Substructure, sub Infrastructure.
Segmentation By Service Type : Comprises - Well Plugging and Abandonment, Conductor Removal, Platform Removal and Others.
Segmentation By Application : Comprises - Shallow Water and Deep-water.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.


Asia pacific will be the largest market:-

Asia pacific is dominating the HVAC insulation market. China, and India are the leading countries for HVAC insulation market. Growth in demand for HVAC system and increasing awareness of energy efficiency are the major factors which spur the market in this segment. Moreover, the high-tech sound absorbing materials in modern systems make it easy and noise free as compared to older models as well as it helps to remove air impurities and create more pleasant and healthy breathing environment.


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Regional Analysis:

Europe accounts for the most significant share of 70 % regarding global offshore decommissioning market value in 2016, based on the size and volume of the structures, especially in the North Sea. Europe is followed by the North America region led by Mexico owing to the aging platforms most of which are more than 30 years old. The Gulf of Mexico accounts for the most substantial number of facilities requiring decommission with a lower cost structure between USD 0.5 million to 4 million for shallow water structures. The Gulf of Mexico has historically been the most significant region regarding the volume of platforms decommissioned, which is around 4,000. North America offshore decommissioning market was valued at USD 877.1 million in 2016 and which is expected to grow to USD 1,383.3 million by 2023, at a CAGR of 6.83 %.

Major Points From TOC:-

1 Executive Summary
2 Introduction
3 Research Methodology

4 Market Dynamics
4.1 Market Drivers
4.1.1 Aging Oil And Gas Fields – A New Source Of Revenue
4.1.2 Aging Offshore Infrastructure
4.1.3 Reduced Environmental And Regulatory Liabilities
4.2 Market Inhibitors
4.2.1 High Cost Of Decommissioning
4.2.2 Lack Of Clear Regulations For Decommissioning Activities
4.3 Opportunities
4.3.1 Rigs To Reef Programs
4.3.2 Reducing Risk By Recycling
4.4 Major Offshore Decommissioning Projects Around The World
4.4.1 North Sea Region 22
4.4.2 Table Of Approved Offshore Decommissioning Programmes 2015-20
4.5 Regulations For Offshore Decommissioning
4.5.1 Introduction
4.5.2 International Conventions

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5 Market Factor Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Threat Of New Entrants
5.1.2 Bargaining Power Of Suppliers
5.1.3 Threat Of Substitutes
5.1.4 Bargaining Power Of Buyers
5.1.5 Rivalry
5.2 Supply Chain Analysis
5.3 Technology Progress
5.4 Technology Risk
5.5 Economic Change
5.6 Political And Environmental Change
Continued..............

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