Offshore Decommissioning Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Offshore Decommissioning Market is expected to grow at a CAGR of over 4% over the forecast period 2022-2028. The oil and gas industry’s aging offshore infrastructure, increased offshore oil and gas production activity, and oil and gas demand are expected to be the major drivers of the market. However, in recent years, volatility in oil prices has slowed down market research as capital expenditures in the upstream oil and gas industry have declined.

Company Profile

• Acteon Group Ltd
• AF Gruppen
• Aker Solutions
• DeepOcean Group, Inc.
• DNV GL (Det Norske Veritas group)
• Heerema Marine Contractors
• John Wood Group PLC
• Petrofac Limited

Market Segmentation

By service:

• Project management, engineering & planning
• Permitting & regulatory compliance
• Platform preparation
• Well plugging & abandonment
• Conductor removal

By removal:

• Leave in place
• Partial removal (includes toppled in place)
• Complete removal

By depth:

• Shallow water
• Deepwater
• By structure:

Scope of the Report

The research study analyzes the Offshore Decommissioning industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Offshore Decommissioning Market Report

1. What was the Offshore Decommissioning Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Offshore Decommissioning Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Offshore Decommissioning Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.