Global Offshore Helicopter Services Market Growth, Trends, and Forecast Report 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--
The “Offshore Helicopter Services Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The market for offshore helicopter services is expected to grow at a CAGR of approximately 1.93% during the forecast period of 2019 - 2024.
Major factors driving the market studied are rising deepwater offshore exploration and development activities, due to the growing crude oil demand and little scope for new discovery in land and shallow water areas. A further decline in offshore oil and gas activities, through re-engineering and cost-cutting measures by offshore oil and gas operators, have resulted in improved viability of offshore oil and gas projects, especially in deepwater regions. The low dayrates of crew transfer vessel, coupled with lack of offshore oil and gas activities, have forced the helicopter service providers to reduce their dayrates, which negatively impacted their annual revenue.
Key Market Trends
Offshore Wind Power Industry Expected to Witness Fastest Growth
Europe to Dominate the Market
For more information about this report visit https://www.researchandmarkets.com/r/nw8voh
View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005132/en/
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INDUSTRY KEYWORD: TRANSPORT AIR
SOURCE: Research and Markets
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PUB: 12/20/2019 04:05 AM/DISC: 12/20/2019 04:05 AM