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Offshore Decommissioning Trends and Forecast
The future of the global offshore decommissioning market looks promising with opportunities in the leave in place, partial, and complete markets. The global offshore decommissioning market is expected to reach an estimated $7.7 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing attention from the authorities to well plug and abandoned activities, rising number of abandoned wells and presence of large mature offshore oilfields worldwide, as well as, increase in aging oil & fuel platforms across the world.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Offshore Decommissioning by Segment
The study includes a forecast for the global offshore decommissioning by service type, removal, depth, structure, and region.
Offshore Decommissioning Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
• Project Management, Engineering & Planning
• Permitting & Regulatory Compliance
• Platform Preparation
• Well Plugging & Abandonment
• Conductor Removal
• Mobilization & Demobilization Of Derrick Barge
• Platform Removal
• Pipeline & Power Cable Decommissioning
• Material Disposal
• Site Clearance
Offshore Decommissioning Market by Removal [Shipment Analysis by Value from 2018 to 2030]:
• Leave In Place
• Partial
• Complete
Offshore Decommissioning Market by Depth [Shipment Analysis by Value from 2018 to 2030]:
• Shallow Water
• Deepwater
Offshore Decommissioning Market by Structure [Shipment Analysis by Value from 2018 to 2030]:
• Topside
• Substructure
• Subsea Infrastructure
Offshore Decommissioning Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Offshore Decommissioning Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies offshore decommissioning companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the offshore decommissioning companies profiled in this report include-
• Aker Solutions
• Ramboll
• AF Gruppen
• TechniFMC
• John Wood
• Heerema Marine Contractors
• Royal Boskalis Westminster
• Petrofac
• Oceaneering
• Baker Hughes
Offshore Decommissioning Market Insights
Lucintel forecasts that shallow water will remain the larger segment over the forecast period due to lower operational expenses, and growing quantity of aging structures in the Gulf of Mexico and the North Sea.
Europe will remain the largest region forecast period due to growing number of well-established offshore infrastructures in the North Sea basins and the strict regulatory framework in the main oil and gas-producing nations in the region, such Norway and the United Kingdom.
Features of the Global Offshore Decommissioning Market
Market Size Estimates: Offshore decommissioning market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Offshore decommissioning market size by service type, removal, depth, structure, and region in terms of value ($B).
Regional Analysis: Offshore decommissioning market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different service type, removal, depth, structure, and regions for the offshore decommissioning market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the offshore decommissioning market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the offshore decommissioning market size?
Answer: The global offshore decommissioning market is expected to reach an estimated $7.7 billion by 2030.
Q2. What is the growth forecast for offshore decommissioning market?
Answer: The global offshore decommissioning market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the offshore decommissioning market?
Answer: The major drivers for this market are growing attention from the authorities to well plug and abandoned activities, rising number of abandoned wells and presence of large mature offshore oilfields worldwide, as well as, increase in aging oil & fuel platforms across the world.
Q4. What are the major segments for offshore decommissioning market?
Answer: The future of the global offshore decommissioning market looks promising with opportunities in the leave in place, partial, and complete markets.
Q5. Who are the key offshore decommissioning market companies?
Answer: Some of the key offshore decommissioning companies are as follows:
• Aker Solutions
• Ramboll
• AF Gruppen
• TechniFMC
• John Wood
• Heerema Marine Contractors
• Royal Boskalis Westminster
• Petrofac
• Oceaneering
• Baker Hughes
Q6. Which offshore decommissioning market segment will be the largest in future?
Answer: Lucintel forecasts that shallow water will remain the larger segment over the forecast period due to lower operational expenses, and growing quantity of aging structures in the Gulf of Mexico and the North Sea.
Q7. In offshore decommissioning market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region forecast period due to growing number of well-established offshore infrastructures in the North Sea basins and the strict regulatory framework in the main oil and gas-producing nations in the region, such Norway and the United Kingdom.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the offshore decommissioning market by service type (project management, engineering & planning, permitting & regulatory compliance, platform preparation, well plugging & abandonment, conductor removal, mobilization & demobilization of derrick barge, platform removal, pipeline & power cable decommissioning, material disposal, and site clearance), removal (leave in place, partial, and complete), depth (shallow water and deepwater), structure (topside, substructure, and subsea infrastructure), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Offshore Decommissioning Market, Offshore Decommissioning Market Size, Offshore Decommissioning Market Growth, Offshore Decommissioning Market Analysis, Offshore Decommissioning Market Report, Offshore Decommissioning Market Share, Offshore Decommissioning Market Trends, Offshore Decommissioning Market Forecast, Offshore Decommissioning Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Offshore Decommissioning Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Offshore Decommissioning Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Offshore Decommissioning Market by Service Type
3.3.1: Project management, Engineering & Planning
3.3.2: Permitting & Regulatory Compliance
3.3.3: Platform Preparation
3.3.4: Well plugging & Abandonment
3.3.5: Conductor Removal
3.3.6: Mobilization & Demobilization of Derrick Barge
3.3.7: Platform Removal
3.3.8: Pipeline & Power Cable Decommissioning
3.3.9: Material Disposal
3.4: Global Offshore Decommissioning Market by Removal
3.4.1: Leave in Place
3.4.2: Partial
3.4.3: Complete
3.5: Global Offshore Decommissioning Market by Depth
3.5.1: Shallow water
3.5.2: Deepwater
3.6: Global Offshore Decommissioning Market by Structure
3.6.1: Topside
3.6.2: Substructure
3.6.3: Subsea Infrastructure
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Offshore Decommissioning Market by Region
4.2: North American Offshore Decommissioning Market
4.2.1: North American Offshore Decommissioning Market by Removal: Leave in Place, Partial, and Complete
4.2.2: North American Offshore Decommissioning Market by Depth: Shallow water and Deepwater
4.3: European Offshore Decommissioning Market
4.3.1: European Offshore Decommissioning Market by Removal: Leave in Place, Partial, and Complete
4.3.2: European Offshore Decommissioning Market by Depth: Shallow water and Deepwater
4.4: APAC Offshore Decommissioning Market
4.4.1: APAC Offshore Decommissioning Market by Removal: Leave in Place, Partial, and Complete
4.4.2: APAC Offshore Decommissioning Market by Depth: Shallow water and Deepwater
4.5: ROW Offshore Decommissioning Market
4.5.1: ROW Offshore Decommissioning Market by Removal: Leave in Place, Partial, and Complete
4.5.2: ROW Offshore Decommissioning Market by Depth: Shallow water and Deepwater
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Offshore Decommissioning Market by Service Type
6.1.2: Growth Opportunities for the Global Offshore Decommissioning Market by Removal
6.1.3: Growth Opportunities for the Global Offshore Decommissioning Market by Depth
6.1.4: Growth Opportunities for the Global Offshore Decommissioning Market by Structure
6.1.5: Growth Opportunities for the Global Offshore Decommissioning Market by Region
6.2: Emerging Trends in the Global Offshore Decommissioning Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Offshore Decommissioning Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Offshore Decommissioning Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Aker Solutions
7.2: Ramboll
7.3: AF Gruppen
7.4: TechniFMC
7.5: John Wood
7.6: Heerema Marine Contractors
7.7: Royal Boskalis Westminster
7.8: Petrofac
7.9: Oceaneering
7.10: Baker Hughes
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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