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Global Offshore Decommissioning Market 2018-2022

Global Offshore Decommissioning Market 2018-2022

  • April 2018
  • 116 pages
  • ID: 5389640
In this report:
The offshore decommissioning market in the Americas amounted to $##,##.## million in 2017 and is expected to reach $##,##.## million by 2022, growing at a CAGR of ##.##% during the forecast period.
The global offshore decommissioning market was valued at $##,##.## million in 2017 and is expected to reach $##,##.## million by 2022, growing at a CAGR of ##.##% during the forecast period.

Summary

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About Offshore Decommissioning

Offshore decommissioning consists of a series of steps to close an oil and gas facility. Major processes in offshore decommissioning include dismantling, waste transportation, and site treatment and reuse. An offshore oil and gas facility takes several decades to be completely decommissioned depending on the process chosen, with these processes spread out over the years.

Technavio’s analysts forecast the global offshore decommissioning market to grow at a CAGR of 4.96% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global offshore decommissioning market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
•Americas
•APAC
•EMEA

Technavio’s report, Global Offshore Decommissioning Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
•AF Gruppen
•Aker Solutions
•HEEREMA MARINE CONTRACTORS
•John Wood Group
•Oceaneering International
•Ramboll Group

Market driver
• Maturing oil and gas fields and aging platforms
• For a full, detailed list, view our report

Market challenge
• High cost associated with offshore decommissioning projects
• For a full, detailed list, view our report

Market trend
• Rising investments in renewable energy
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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