Press release
Offshore Decommissioning Services Market to Reach USD 9.90 Bn by 2029, emerging at a CAGR of 7.4 percent and forecast 2023-2029
Offshore Decommissioning Services Market
The report employs a comprehensive research methodology, incorporating industry-leading techniques to gather and analyze data. Key players such as Nippon Steel Engineering, ABL Group, and 2H Offshore Engineering are highlighted, showcasing their expertise in offshore decommissioning projects.
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What are Offshore Decommissioning Services Market Dynamics:
Relinquished offshore oil and gas policies pose an ultimatum to marine existence, being a crucial origin for marine inhabitants. The oil flow or drip from stranded oil and gas sources presents a potential risk to sea life. Consequently, the decommissioning procedure becomes compulsory, as stranded infrastructures and sources are susceptible to devastation in cyclones, leading to environmental calamities. As a result, decommissioning has evolved into a significant business within the oil and gas industry. In the evolving landscape, companies in the offshore decommissioning sector must strategically position themselves to tap into the opportunities presented by the Offshore Asset Removal Market. Global gas production, which had increased by 4.3% in 2021, remained stable in 2023, in the context of lower gas demand, and as the fall in Russia's production was offset by higher output in North America, the Middle East, China and Australia.
Offshore Decommissioning Services Market Regional Insights:
Europe dominated the market in 2023, with the UK and Norway leading in decommissioning activities. The region is expected to continue its dominance in the forecast period, driven by government initiatives and the high volume of dismantling activities. North America, Asia Pacific, Middle East and Africa, and Latin America also play significant roles in the offshore decommissioning services market.
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What is 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
Who are 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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Table of content for the Offshore Decommissioning Services Market includes:
Global Offshore Decommissioning Services Market: Research Methodology
Global Offshore Decommissioning Services Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Offshore Decommissioning Services Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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