Report overview
Decommissioning of an offshore asset refers to the process of ending the operations on the asset and returning the ocean or seafloor to the pre-lease condition. Decommissioning is necessary for minimizing the risks to safety and the environment that can occur from leaving unused structures in the ocean. A strict legal framework of national, regional and international regulations governs how disused offshore facilities are decommissioned. A growing part of today?s offshore oil & gas assets is fast approaching the end of their design-specified life, and this is driving the growth of the offshore oil & gas decommissioning industry. With a number of idle offshore wells approaching decommissioning age globally, the global market for decommissioning of offshore oil & gas installations is anticipated to grow during the forecast period.
This report aims to provide a comprehensive presentation of the global market for Offshore Decommissioning Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Offshore Decommissioning Services. This report contains market size and forecasts of Offshore Decommissioning Services in global, including the following market information:
Global Offshore Decommissioning Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Offshore Decommissioning Services market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Offshore Surveys Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Offshore Decommissioning Services include Amec Foster Wheeler, Aker Solutions, Bureau Veritas, EPIC Companies (EPIC), Bibby Offshore, Maersk Decom, Proserv Group, Linch-pin Offshore Management Services and AF Gruppen, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Offshore Decommissioning Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Offshore Decommissioning Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Offshore Decommissioning Services Market Segment Percentages, by Type, 2022 (%)
Offshore Surveys
Well Plugging & Abandonment
Removal Engineering
Others
Global Offshore Decommissioning Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Offshore Decommissioning Services Market Segment Percentages, by Application, 2022 (%)
Shallow Water
Deepwater
Global Offshore Decommissioning Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Offshore Decommissioning Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Offshore Decommissioning Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Offshore Decommissioning Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Amec Foster Wheeler
Aker Solutions
Bureau Veritas
EPIC Companies (EPIC)
Bibby Offshore
Maersk Decom
Proserv Group
Linch-pin Offshore Management Services
AF Gruppen
Outline of Major Chapters:
Chapter 1: Introduces the definition of Offshore Decommissioning Services, market overview.
Chapter 2: Global Offshore Decommissioning Services market size in revenue.
Chapter 3: Detailed analysis of Offshore Decommissioning Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Offshore Decommissioning Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
