The offshore decommissioning involves safe and efficient dismantling and removal of wells and platforms that are no longer useful for companies. A rising number of offshore rigs that are nearing their decommissioning age are contributing profoundly to the market growth. Moreover, improvement in regulatory frameworks and newer guidelines provide favorable opportunities for the key players of the target market over the coming years.
The offshore decommissioning market is anticipated to grow in the forecast period owing to driving factors such as the increasing number of aging offshore infrastructure and maturing oil and gas fields. Stringent government regulations concerning the abandonment and plugging of offshore operations are further likely to fuel the growth of the market. However, the high cost of decommissioning projects is expected to hinder the growth of offshore decommissioning market during the forecast period. On the other hand, technological innovations offer lucrative opportunities for market players.
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Leading Offshore Decommissioning Market Players:
1. Acteon Group Ltd
2. AF Gruppen
3. Aker Solutions
4. DeepOcean Group, Inc.
5. DNV GL (Det Norske Veritas group)
6. Heerema Marine Contractors
7. John Wood Group PLC
8. Petrofac Limited
9. Ramboll Group A/S
10. Subsea 7
The exclusive report on Offshore Decommissioning Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that helps decision-makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SME’s. This model negates any drastic deviation in the market estimation and is used to estimate the Offshore Decommissioning Market size and forecasts until 2027.
The Offshore Decommissioning Market report gives a 360-degree holistic view of the market and highlights the key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. In addition, the report also provides profiles of major companies along with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Offshore Decommissioning Market to 2027 – Global Analysis and forecast is a specialized and in-depth study of the Virtual Reality industry with a focus on the global market trend. The report provides an overview of global Offshore Decommissioning Market with detailed market segmentation by product/application and regions.
The global Offshore Decommissioning Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the key players and offers key trends and opportunities in the market.
The Offshore Decommissioning Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Offshore Decommissioning Market based on product and application. It also provides market size and forecast till 2027 for overall Offshore Decommissioning Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America and Central America (SCAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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Also, key Offshore Decommissioning Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, key development in the past five years.
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