Global Off-Shore Decommissioning Market to Reach $10 Billion by 2030
The global market for Off-Shore Decommissioning estimated at US$6.2 Billion in the year 2022, is projected to reach a revised size of US$10 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Well Plugging & Abandonment, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Project Management, Engineering, & Planning segment is readjusted to a revised 6.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 5.6% CAGR
The Off-Shore Decommissioning market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.Select Competitors (Total 13 Featured) -
- 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.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 232 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6.2 Billion |
Forecasted Market Value ( USD | $ 10 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |