Global Offshore Decommissioning Services Market Growth (Status and Outlook) 2023-2029

Global Offshore Decommissioning Services Market Growth (Status and Outlook) 2023-2029

Decommissioning of an offshore asset refers to the process of ending the operations on the asset and returning the ocean or seafloor to the pre-lease condition. Decommissioning is necessary for minimizing the risks to safety and the environment that can occur from leaving unused structures in the ocean. A strict legal framework of national, regional and international regulations governs how disused offshore facilities are decommissioned. A growing part of today’s offshore oil & gas assets is fast approaching the end of their design-specified life, and this is driving the growth of the offshore oil & gas decommissioning industry. With a number of idle offshore wells approaching decommissioning age globally, the global market for decommissioning of offshore oil & gas installations is anticipated to grow during the forecast period.

LPI (LP Information)' newest research report, the “Offshore Decommissioning Services Industry Forecast” looks at past sales and reviews total world Offshore Decommissioning Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Offshore Decommissioning Services sales for 2023 through 2029. With Offshore Decommissioning Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Offshore Decommissioning Services industry.

This Insight Report provides a comprehensive analysis of the global Offshore Decommissioning Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Offshore Decommissioning Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Offshore Decommissioning Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Offshore Decommissioning Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Offshore Decommissioning Services.

The global Offshore Decommissioning Services market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Offshore Decommissioning Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Offshore Decommissioning Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Offshore Decommissioning Services is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Offshore Decommissioning Services players cover Amec Foster Wheeler, Aker Solutions, Bureau Veritas, EPIC Companies (EPIC), Bibby Offshore, Maersk Decom, Proserv Group, Linch-pin Offshore Management Services and AF Gruppen, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Decommissioning Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Offshore Surveys
Well Plugging & Abandonment
Removal Engineering
Others

Segmentation by application
Shallow Water
Deepwater

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amec Foster Wheeler
Aker Solutions
Bureau Veritas
EPIC Companies (EPIC)
Bibby Offshore
Maersk Decom
Proserv Group
Linch-pin Offshore Management Services
AF Gruppen

Please note: The report will take approximately 2 business days to prepare and deliver.