Offshore Decommissioning Market Size, Share and Revenue Analysis to 2025
The global offshore decommissioning market is anticipated to witness an exponential growth in the forecast period. Offshore decommissioning of aging oil & gas platforms and subsea wells is essential in order to save the environment. Decommissioning‘s purpose is the safe elimination of the equipment that is used for oil or gas production and exploration and to dispose them off at the end of their production.
The global offshore decommissioning market is anticipated to witness an exponential growth in the forecast period. Offshore decommissioning of aging oil & gas platforms and subsea wells is essential in order to save the environment. Decommissioning‘s purpose is the safe elimination of the equipment that is used for oil or gas production and exploration and to dispose them off at the end of their production.
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<strong>Offshore</strong> <strong>Decommissioning</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong> <strong>and</strong><br />
<strong>Revenue</strong> <strong>Analysis</strong> <strong>to</strong> <strong>2025</strong><br />
“The fac<strong>to</strong>rs that propel the growth of the offshore<br />
decommissioning market include maturing oil <strong>and</strong> aging<br />
platforms <strong>and</strong> gas fields, increasing oil <strong>and</strong> gas platforms<br />
around the world, low oil price, environmental concerns,<br />
<strong>and</strong> increasingly stringent decommissioning regulations.”<br />
The global offshore decommissioning market is anticipated <strong>to</strong> witness an exponential growth in the forecast period.<br />
<strong>Offshore</strong> decommissioning of aging oil & gas platforms <strong>and</strong> subsea wells is essential in order <strong>to</strong> save the environment.<br />
<strong>Decommissioning</strong>‘s purpose is the safe elimination of the equipment that is used for oil or gas production <strong>and</strong><br />
exploration <strong>and</strong> <strong>to</strong> dispose them off at the end of their production.<br />
The fac<strong>to</strong>rs that propel the growth of the market include maturing oil <strong>and</strong> aging platforms <strong>and</strong> gas fields, increasing oil<br />
<strong>and</strong> gas platforms around the world, low oil price, environmental concerns, <strong>and</strong> increasingly stringent<br />
decommissioning regulations. On the other h<strong>and</strong>, there are fac<strong>to</strong>rs that may hamper the growth of the market<br />
including high cost associated with offshore decommissioning projects, stringent environmental law <strong>and</strong> regulations,<br />
<strong>and</strong> a decline in prices of oil.<br />
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The offshore decommissioning market is anticipated <strong>to</strong> exp<strong>and</strong> at a significant CAGR in the upcoming period as the<br />
scope, product types, <strong>and</strong> its applications are increasing across the globe. The market could be explored by service<br />
type, depth, structure, removal, <strong>and</strong> geography.<br />
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<strong>Market</strong> could be explored by service type as Platform Removal, Well Plugging & Ab<strong>and</strong>onment, Others. The “Well<br />
Plugging <strong>and</strong> Ab<strong>and</strong>onment Service” segment led the offshore decommissioning market in 2016 <strong>and</strong> will continue <strong>to</strong><br />
lead in the forecast period. The key fac<strong>to</strong>rs that could be attributed <strong>to</strong> the growth of the market include increasing<br />
regula<strong>to</strong>ry requirements for appropriate ab<strong>and</strong>onment of unproductive reserves <strong>and</strong> growing environmental<br />
concerns.<br />
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https://www.millioninsights.com/industry/energy<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, revenue (million USD), market<br />
share <strong>and</strong> growth rate of <strong>Offshore</strong> <strong>Decommissioning</strong> in these regions, from 2013 <strong>to</strong> <strong>2025</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India
Global <strong>Offshore</strong> <strong>Decommissioning</strong> market competition by <strong>to</strong>p manufacturers, with production, price, revenue<br />
(value) <strong>and</strong> market share for each manufacturer; the <strong>to</strong>p players including<br />
• Amec Foster Wheeler<br />
• Aker Solutions ASA<br />
• Ramboll Grooup<br />
• AF Gruppen ASA<br />
• Technifmc<br />
• John Wood Group<br />
• Tetra Technologies<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong> growth rate of each<br />
type, primarily split in<strong>to</strong><br />
• Topside<br />
• Substructure<br />
• Sub infrastructure<br />
Key questions answered in the report include<br />
1 What will be the market size in <strong>2025</strong>?<br />
2 How will the market change over the forecast period <strong>and</strong> what will be the market size in <strong>2025</strong>?<br />
3 What are the drivers <strong>and</strong> restraint associated with the market <strong>and</strong> how will these fac<strong>to</strong>rs affect the dynamics over<br />
the forecast period?<br />
4 What are the growth areas within the market space <strong>and</strong> where should a participant focus <strong>to</strong> get maximum ROI?<br />
5 How is the market sub-categorized <strong>and</strong> which are the leading segments?
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