MARKET OVERVIEW
The growing number of offshore rigs approaching their decommissioning age is a major contributor to the market's growth. Moreover, an improved regulatory framework and new policies provide favorable opportunities for major players in the target market in the coming years. The main drivers of the global oil & gas offshore decommissioning market are ageing infrastructure and maturing oil fields, especially in the North Sea and the Gulf of Mexico. In addition, lower crude oil prices are estimated to boost the growth of the oil & gas offshore decommissioning market.

MARKET SCOPE
The "Global Oil & Gas Offshore Decommissioning Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oil & gas offshore decommissioning market with detailed market segmentation by service, application, structure, and geography. The global oil & gas offshore decommissioning market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading oil & gas offshore decommissioning market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global oil & gas offshore decommissioning market is segmented on the basis of service, application, and structure.

•   Based on service, the market is segmented into Well Plugging & Abandonment, Platform Removal, Conductor Removal.
  
•   On the basis of application, the market is segmented into Shallow water, Deepwater
  
•   On the basis of structure, the market is segmented into Topsides, Substructure
  

MARKET DYNAMICS

Drivers:

-

•   The oil & gas offshore decommissioning market is expected to grow over the forecast period due to driving factors such as the growing number of obsolete offshore infrastructure and maturing oil and gas fields. Strict government regulations regarding the termination and termination of offshore operations are likely to further fuel market growth.
  

Restraints:

•   The risks and high costs of decommissioning are some of the factors limiting the growth of the global oil & gas offshore decommissioning market.
  

REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19
COVID 19 affected 215 countries as well as oil & gas offshore decommissioning market trends. To combat the negative impact, countries are implementing lockdowns which have negatively impacted the oil & gas offshore decommissioning industry. The pandemic brings several challenges to the sector; it is affected worldwide. Factors such as the risk of uninterrupted production, supply chain, distribution, labour shortages and greatly reduced development activities have primarily impacted demand and continuous offers. People aren't as active as they used to be. Important strategic developments are underway. Multinationals are investing more in the offshore decommissioning sector due to the growing demand from consumers worldwide. The COVID-19 pandemic has negatively impacted the growth of the oil and gas industry around the world. Oil and gas companies worldwide have shut down their production and service facilities as countries have practised partial or full blockade measures to cope with the pandemic. Even offshore scrapping companies with an international footprint had to work on international travel and quarantine restrictions, forcing crew members to get through hitches for extended periods.

Oil and Gas Offshore Decommissioning Market Report Analysis

Oil and Gas Offshore Decommissioning Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Aker Solutions
• Ramboll Group
• AF Gruppen
• TechniFMC
• John Wood Group Plc
• Heerema Marine Contractors
• Royal Boskalis Westminster N.V
• Petrofac
• Oceaneering International

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Service

• Well Plugging and Abandonment
• Platform Removal
• Conductor Removal

By Application

• Shallow water
• Deepwater

By Structure

• Topsides
• Substructure

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MARKET PLAYERS
The reports cover key developments in the oil & gas offshore decommissioning market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from oil & gas offshore decommissioning market are anticipated to lucrative growth opportunities in the future with the rising demand for oil & gas offshore decommissioning in the global market. Below mentioned is the list of few companies engaged in the oil & gas offshore decommissioning market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oil & gas offshore decommissioning market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   Aker Solutions
  
•   Ramboll Group
  
•   AF Gruppen
  
•   TechniFMC
  
•   John Wood Group Plc
  
•   Heerema Marine Contractors
  
•   Royal Boskalis Westminster N.V
  
•   Petrofac
  
•   Oceaneering International
  
•   Baker Hughes Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Oil and Gas Offshore Decommissioning Market Report Scope

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