Offshore Decommissioning Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023
Market Highlights Low oil prices are negatively affecting the activities in many sectors of oil & gas industry, but decommissioning activity is set to increase in the environment of low oil prices due to the obsoletion of uneconomic platforms. Before the oil prices started falling, the global decommissioning market had been set for gradual growth. Further, ageing offshore infrastructure and increasingly stringent regulations drive investment, particularly in the two primary markets of the Gulf of Mexico and the North Sea. for the largest market share of 55.65% in 2016, with a market value of USD 1,804.6 Topside market is expected to grow at the highest rate. Topside accounted million and is projected to grow at the highest CAGR of 9.94% during the forecast period. Substructure was the second-largest market in 2016, valued at USD 806.8 million in 2016; it is projected to grow at a CAGR of 3.58%. Global Offshore Decommissioning Market is predicted to grow at approximately 6.93% by 2023 Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2993 Key Players: The major players operating in this market, who have adopted these strategies are
Tetra Technologies, Inc., (U.S.),
BP P.L.C. (U.K.),
Statoil ASA (Norway),
DNV GL (Norway),
TechnipFMC PLC (U.K.),
AF Gruppen ASA (Norway),
Ramboll Group A/S (Denmark),
Aker Solutions ASA (Norway),