In 2023, the market size of offshore Black Sea service providers was estimated to be USD 9874.48 million. The Offshore Black Sea service providers Market industry is anticipated to experience a compound annual growth rate (CAGR) of 5.62% from USD 10429.43 Million in 2024 to USD 14,478.24 Million by 2030.
Management, operations, construction, and exploration comprise the four primary categories of offshore employment. A diverse array of responsibilities is available to offshore oil workers, such as conducting health and safety inspections, surveying, diving, and drilling.
The market for offshore Black Sea service providers is segmented according to the type of location and the services provided. The market is segmented into the following categories: maintenance and operations, diving services, supply vessels, helicopter services, construction services, and others. Supply vessels services comprised the greatest market share in 2023. Additionally, the segment is anticipated to maintain its dominance throughout the forecast period. The market is segmented into government-operated ports and private-operated ports, with the former dominating the market in 2023. Nevertheless, it is anticipated that private ports will experience the maximum CAGR during the forecast period.
Market segment insights
Maintenance & operations, diving services, supply vessels, helicopter services, construction services, and other services comprise the Offshore Black Sea service providers market segmentation that is based on services.
The Offshore Black Sea service providers Market is divided into private ports and government ports based on the category of port.
Country Perspectives
Bulgaria, Georgia, Romania, Russia, Turkey, Ukraine, and the Rest of the World comprise the Offshore Black Sea service providers market, which is segmented by country. During the forecast period, the Russia Offshore Black Sea service providers market is anticipated to account for a substantial revenue share and maintain the highest market share. The World Bank estimated that the technical potential for offshore wind in the Black Sea was 435 MW last year. Of this amount, 269 GW would be fixed-bottom turbines, while the remaining 166 GW would be floating turbines. Romania, the neighboring nation on the Black Sea, has announced that it will enact an offshore wind law by the end of the year. The European Union aims to install 300 GW of offshore wind by 2050.
Bulgaria has the potential to capitalize on the expansion of offshore energy by establishing new technology clusters, fostering employment creation, and establishing country-wide supply chains for equipment. Burgas and Varna, Bulgaria's two largest ports, have the potential to become centers for the reduction of carbon emissions, which would stimulate the growth of the offshore wind industry in the Black Sea Country.
Major Players
Able UK, Aker Solutions ASA, AF GRUPPEN ASA, John Wood Group PLC, DNV GL, Heerema Marine Contractors (HMC), Allseas Group, TECHNIPFMC PLC, DeepOcean Group Holding B.V., and Equinor ASA are the primary participants in the Offshore Black Sea service providers market.
- 1 Executive Summary
- 1.1 Global Offshore Black Sea Service Providers Market, By Services
- 1.3 Global Offshore Black Sea Service Providers Market, By Port Type
- 1.5 Global Offshore Black Sea Service Providers Market, By Country
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Market Structure
- 2.4 Key Buying Criteria
- 3 Research Methodology
- 3.1 Research Process
- 3.2 Primary Research
- 3.3 Secondary Research
- 3.4 Market Size Estimation
- 3.5 Top Down & Bottom-up Approach
- 3.6 Forecast Model
- 3.7 List Of Assumptions
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Revitalization Of Oil & Gas Industry
- 4.2.2 Rise In Number Of Rigs/Offshore Leases
- 4.2.3 Drivers Impact Analysis
- 4.3 Restraints
- 4.3.1 Industry Volatility, Operational Risk And Market Entry Barrier
- 4.3.2 Restraints Impact Analysis
- 4.4 Opportunities
- 4.4.1 Overall Rise In Offshore Activity In Black Sea
- 4.5 Impact Of Covid-19 On Global Offshore Black Sea Service Providers Market
- 4.6 Impact Of Covid-19 On The Global Offshore Black Sea Service Providers Market
- 4.7 Supply Chain Impact
- 4.7.1 Impact On Manufacturer/Developer
- 4.7.2 Impact On Component/Services Supplier
- 4.7.3 Impact On Distribution/Logistics
- 5 Market Factor Analysis
- 5.1 Supply/Value Chain Analysis
- 5.1.1 Raw Materials And Components Suppliers
- 5.1.2 Manufacturing & Assembly
- 5.1.3 Distribution & Sales
- 5.1.4 Retailers And Port Type
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Bargaining Power Of Buyers
- 5.2.4 Threat Of Substitutes
- 5.2.5 Intensity Of Rivalry
- 6 Global Offshore Black Sea Service Providers Market, By Services
- 6.1 Overview
- 6.2 Global Offshore Black Sea Service Providers Market Size, Market Estimates & Forecast By Services, 2018-2030
- 6.2.1 Global Offshore Black Sea Service Providers Market Size: Market Estimates & Forecast By Services, 2018-2030
- 8 Global Offshore Black Sea Service Providers Market, By Port Type
- 8.1 Overview
- 8.2 Global Offshore Black Sea Service Providers Market Size, Market Estimates & Forecast By Port Type, 2018-2030
- 8.2.1 Global Offshore Black Sea Service Providers Market Size: Market Estimates & Forecast By Port Type, 2018-2030
- 10 Global Offshore Black Sea Service Providers Market, By Country
- 10.1 Overview
- 10.2 Bulgaria
- 10.3 Georgia
- 10.4 Romania
- 10.5 Russia
- 10.6 Turkey
- 10.7 Ukraine
- 10.8 Rest Of The World
- 11 Competitive Landscape
- 11.1 Competitive Overview
- 11.2 Competitive Benchmarking
- 11.3 Major Players In The Global Offshore Black Sea Service Providers Market
- 11.4 Leading Players In Terms Of The Number Of Developments In The Global Offshore Black Sea Service Providers Market
- 11.5 Key Developments & Growth Strategies
- 11.5.1 Product Launch/Product Development/Approval
- 11.5.2 Acquisition/Partnership
- 12 Company Profiles
- 12.1 Able Uk
- 12.1.1 Company Overview
- 12.1.2 Financial Overview
- 12.1.3 Products Offered
- 12.1.4 Key Developments
- 12.1.5 Swot Analysis
- 12.1.6 Key Strategies
- 12.2 Aker Solutions Asa
- 12.2.1 Company Overview
- 12.2.2 Financial Overview
- 12.2.3 Products Offered
- 12.2.4 Key Developments
- 12.2.5 Swot Analysis
- 12.2.6 Key Strategies
- 12.3 Af Gruppen Asa
- 12.3.1 Company Overview
- 12.3.2 Financial Overview
- 12.3.3 Products Offered
- 12.3.4 Key Developments
- 12.3.5 Swot Analysis
- 12.3.6 Key Strategies
- 12.4 John Wood Group Plc
- 12.4.1 Company Overview
- 12.4.2 Financial Overview
- 12.4.3 Products/Services Offered
- 12.4.4 Key Developments
- 12.4.5 Swot Analysis
- 12.4.6 Key Strategies
- 12.5 Dnv Gl
- 12.5.1 Company Overview
- 12.5.2 Financial Overview
- 12.5.3 Products/Services Offered
- 12.5.4 Key Developments
- 12.5.5 Swot Analysis
- 12.5.6 Key Strategies
- 12.6 Heerema Marine Contractors (Hmc)
- 12.6.1 Company Overview
- 12.6.2 Financial Overview
- 12.6.3 Products/Services Offered
- 12.6.4 Key Developments
- 12.6.5 Swot Analysis
- 12.6.6 Key Strategies
- 12.7 Allseas Group
- 12.7.1 Company Overview
- 12.7.2 Financial Overview
- 12.7.3 Products/Services Offered
- 12.7.4 Key Developments
- 12.7.5 Swot Analysis
- 12.7.6 Key Strategies
- 12.8 Technipfmc Plc
- 12.8.1 Company Overview
- 12.8.2 Financial Overview
- 12.8.3 Products Offered
- 12.8.4 Key Developments
- 12.8.5 Swot Analysis
- 12.8.6 Key Strategies
- 12.9 Deepocean Group Holding B.V.
- 12.9.1 Company Overview
- 12.9.2 Financial Overview
- 12.9.3 Products Offered
- 12.9.4 Key Developments
- 12.9.5 Swot Analysis
- 12.9.6 Key Strategies
- 12.10 Equinor Asa
- 12.10.1 Company Overview
- 12.10.2 Financial Overview
- 12.10.3 Products Offered
- 12.10.4 Key Developments
- 12.10.5 Swot Analysis
- 12.10.6 Key Strategies
- 13 Appendix
- 13.1 References
- List Of Tables
- Table 1 List Of Assumptions
- Table 2 Global Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 4 Global Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 6 Global Offshore Black Sea Service Providers Market Size, By Country, 2018-2030 (Usd Million)
- Table 16 Bulgaria Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 18 Bulgaria Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 25 Georgia Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 27 Georgia Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 29 Romania Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 31 Romania Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 33 Russia Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 35 Russia Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 37 Turkey Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 39 Turkey Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million) Port Type
- Table 41 Ukraine Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 43 Ukraine Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 45 Rest Of The World Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Services, 2018-2030 (Usd Million)
- Table 47 Rest Of The World Offshore Black Sea Service Providers Market Size Estimates & Forecast, By Port Type, 2018-2030 (Usd Million)
- Table 116 Major Players In The Global Offshore Black Sea Service Providers Market
- Table 117 The Most Active Players In The Global Offshore Black Sea Service Providers Market
- Table 118 Product Launch/Product Development/Approval
- Table 119 Acquisition/ Partnership
- Table 120 Able Uk: Products Offered
- Table 121 Able Uk: Key Developments
- Table 122 Aker Solutions Asa: Products Offered
- Table 123 Af Gruppen Asa: Products Offered
- Table 124 John Wood Group Plc: Products/Services Offered
- Table 125 Dnv Gl: Products/Services Offered
- Table 126 Heerema Marine Contractors (Hmc): Products/Services Offered
- Table 127 Allseas Group: Products Offered
- Table 128 Technipfmc Plc: Products Offered
- Table 129 Deepocean Group Holding B.V.: Products Offered
- Table 130 Equinor Asa: Products Offered
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Global Offshore Black Sea Service Providers Market Analysis By Services
- Figure 4 Global Offshore Black Sea Service Providers Market Analysis By Port Type
- Figure 6 Global Offshore Black Sea Service Providers Market Analysis By Country
- Figure 7 Global Offshore Black Sea Service Providers Market: Market Structure
- Figure 8 Key Buying Criteria Of Turbine In Thermal Power
- Figure 9 Research Process Of Mrfr
- Figure 10 Dro Analysis Of Global Offshore Black Sea Service Providers Market
- Figure 11 Drivers Impact Analysis: Offshore Black Sea Service Providers Market
- Figure 12 Restraints Impact Analysis: Offshore Black Sea Service Providers Market
- Figure 13 Supply / Value Chain: Global Offshore Black Sea Service Providers Market
- Figure 15 Global Offshore Black Sea Service Providers Market, By Services, 2023 (% Share)
- Figure 16 Global Offshore Black Sea Service Providers Market, By Services, 2018 To 2030 (Usd Million)
- Figure 19 Global Offshore Black Sea Service Providers Market, By Port Type, 2023 (% Share)
- Figure 20 Global Offshore Black Sea Service Providers Market, By Port Type, 2018 To 2030 (Usd Million)
- Figure 23 Global Offshore Black Sea Service Providers Market, By Country, 2023 To 2030 (Usd Million)
- Figure 24 Global Offshore Black Sea Service Providers Market, By Country, 2023 (% Share)
- Figure 25 Bulgaria: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 26 Georgia: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 27 Romania: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 28 Russia: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 29 Turkey: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 28 Ukraine: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 28 Rest Of The World: Offshore Black Sea Service Providers Market Share, By Country, 2023 (% Share)
- Figure 30 Benchmarking Of Major Competitors
- Figure 31 Able Uk: Financial Overview Snapshot
- Figure 32 Able Uk: Swot Analysis
- Figure 33 Aker Solutions Asa: Swot Analysis
- Figure 34 Af Gruppen Asa: Swot Analysis
- Figure 35 John Wood Group Plc: Swot Analysis
- Figure 36 Dnv Gl: Swot Analysis
- Figure 37 Heerema Marine Contractors (Hmc): Financial Overview Snapshot
- Figure 38 Heerema Marine Contractors (Hmc): Swot Analysis
- Figure 39 Allseas Group: Swot Analysis
- Figure 40 Technipfmc Plc: Financial Overview Snapshot
- Figure 41 Technipfmc Plc: Swot Analysis
- Figure 42 Deepocean Group Holding B.V.: Swot Analysis
- Figure 43 Equinor Asa: Swot Analysis
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