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Global offshore decommissioning market 2017 to grow at a 3.41%CAGR according to new research report

Global offshore decommissioning market 2017 to grow at a 3.41%CAGR according to new research report

Market Synopsis of Global Offshore Decommissioning Market offshore decommissioning refers to the decommissioning of oil and gas facilities that are approaching the end of their useful design life or economic operation. Aging offshore oil and gas structures are a major environmental concern and liability to countries, operators, contactors and affects surrounding marine environment. 

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Offshore Decommissioning Market 2017 Make an Inquiry about this news   

Description

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The market is driven by a number of factors such as increasing oil and gas platform around the world.

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Especially in the North Sea region and Gulf of Mexico, the oil and gas industry is determined to remove these structures to reduce environmental penalties and also to reduce operating cost of these aging wells.

However, the growth of this market is expected to be hindered by the uncertain cost and strict environmental and regulation laws surrounding the offshore decommissioning projects. 
The global offshore decommissioning market is expected to grow at 6.93% CAGR during the forecast period. In 2016, the market was led by Europe, with a 70.1% share, followed by North America and Asia-Pacific with shares of 18.9% and 8.9%, respectively. 
The global offshore decommissioning market has been segmented based type, service type, application and by region. On the basis of type, topside structures accounted for the largest market share of 56 % in 2016, with a market value of USD 2,586.4 million and is projected to grow at the highest CAGR of 9.05% during the forecast period.

Based on application, shallow water accounted for the largest market share of 71.2 % in 2016, with a market value of USD 3,294.3 million and is projected to grow at a CAGR of 7.98% during the forecast period.


Study Objectives of Global Offshore Decommissioning Market:
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments as well as sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on type, and capacity.
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
Target Audience
• Manufactures 
• Raw materials suppliers
• Aftermarket suppliers
• Research institute & education institute 
• Potential investors

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  • Key executive (CEO and COO) and strategy growth manager
    Regional Analysis of Global Metal Packaging Market 
    Europe accounted for the largest market share of 70% in 2016, followed by North America which is expected to grow at a CAGR of 6.83% during the forecast period. North America is expected to grow from a market size of USD 877.1 million in 2016 to USD 1,383.3 million by the end of 2023. Asia-Pacific accounted for a market share of 8.83% in 2016 and is expected to grow at a CAGR of 3.41% during the forecast period.  
    The regional analysis also includes 
    • Europe
    o U.K.
    o Norway
    o Rest of Europe
    • North America
    o U.S.
    o Canada
    • Asia-Pacific
    o Indonesia
    o Malaysia
    o Australia
    o Rest of Asia-Pacific
    • Rest of the world 
    o Latin America
    o Middle East 
    o Africa

Continued…..

 

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