MarketInsightsReports has published a report entitled Global Offshore Decommissioning Services Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The Offshore Decommissioning Services Market is projected to reach USD 8.76 billion by 2025, growing at a CAGR of 5.05%, from 2019 to 2025.
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Key Players Profiled In The Offshore Decommissioning Services Market Report Are Amec Foster Wheeler, Aker Solutions, Bureau Veritas, EPIC Companies (EPIC), Bibby Offshore, Maersk Decom, Proserv Group, Linch-pin Offshore Management Services, AF Gruppen and Others.
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.
Offshore Decommissioning Services Market Breakdown Data By Type:
Well Plugging & Abandonment
Offshore Decommissioning Services Market Breakdown Data By Application:
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Market segmented by Regions: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Global Offshore Decommissioning Services Market these regions, from 2019 to 2025 (forecast), covering:
North America (United States, Canada, Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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The Offshore Decommissioning Services Market research provides answers to the following key questions:
-What will be the General Offshore Decommissioning Services Market size and the growth rate in 2025?
-What are the key factors driving the market?
-Who are the key market players and what are their strategies in the Offshore Decommissioning Services market?
-What are the key market trends impacting the growth of the market?
-What trends, challenges and barriers are influencing its growth?
-What are the market opportunities and threats faced by the vendors in the Offshore Decommissioning Services market?
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This post was originally published on Space Market Research