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 Decommissioning Market Analysis, Trends, and Forecasts 2019-2025 - ResearchAndMarkets.com

March 5, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Mar 5, 2020--

The “Offshore Decommissioning - Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.

Offshore Decommissioning market worldwide is projected to grow by US$2.6 Billion, driven by a compounded growth of 5.2%.

Project Management, Engineering, and Planning, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$750.7 Million by the year 2025, Project Management, Engineering, and Planning will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$128.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$119.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Project Management, Engineering, and Planning will reach a market size of US$45.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.9% over the next couple of years and add approximately US$430.9 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • Able UK Ltd.
  • Af Gruppen Asa
  • Aker Solutions ASA
  • Allseas Group S.A
  • Amec Foster Wheeler PLC
  • Claxton Engineering Services, Ltd.
  • DeepOcean Group Holding BV.
  • DNV GL Group
  • Heerema Marine Contractors
  • John Wood Group PLC
  • Petrofac Limited (Jersey)
  • Ramboll Group A/S
  • Subsea Tech
  • TechnipFMC PLC
  • Tetra Technologies, Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Offshore Decommissioning Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Introduction
  • Offshore development Expenditure by Activity
  • Major Markets for Decommissioning Services
  • Gulf of Mexico Represents a Major Decommissioning Market
  • North Sea - In the Spotlight
  • Offshore Decommissioning Spend by Region/Country: 2010-2037
  • Emerging Markets with Strong Prospects for Decommissioning: 2018
  • Industry Realizes the Need for Greater Collaboration to Address Challenges
  • A Look into Challenges Confronted

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Decommissioning Enters Deeper Waters
  • Technology Developments in Decommissioning
  • Automation Emerges as a Cost Effective Alternative to Decommissioning
  • Extending Asset Life Emerges as an Effective Alternative
  • Industry Focus Grows on Cutting Decommissioning Costs

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Offshore Decommissioning Market Share (in %) by Company: 2019 & 2025
  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Offshore Decommissioning Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

  • Leading Market for Decommissioning Expenditure
  • Number of Wells Decommissioned in the UK: 1990-2020
  • Wind Farm Decommissioning
  • Decommissioning Expenditure in the UK by Service Type (2018 & 2025)
  • Well Decommissioning in the UK by Service Type (2018 & 2025)
  • Market Analytics

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

  • Decommissioning Opportunities in Brazil
  • Market Analytics

IV. COMPETITION

V. CURATED RESEARCH

For more information about this report visit https://www.researchandmarkets.com/r/f4z3l1

View source version on businesswire.com:https://www.businesswire.com/news/home/20200305005459/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: OIL/GAS ENERGY

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 03/05/2020 08:22 AM/DISC: 03/05/2020 08:22 AM

http://www.businesswire.com/news/home/20200305005459/en