AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Offshore Helicopter Services Market Growth, Trends, and Forecast Report 2019-2024 - ResearchAndMarkets.com

December 20, 2019 GMT

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

Companies Mentioned

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/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 12/20/2019 04:05 AM/DISC: 12/20/2019 04:05 AM

http://www.businesswire.com/news/home/20191220005132/en