The latest update of “Global Oil & Gas Vessel Decommissioning Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Oil & Gas Vessel Decommissioning Market.
Overview of the Oil & Gas Vessel Decommissioning Market:
Oil & gas vessel decommissioning is a crucial and necessary element to ensure the long-term sustainability of present oil platforms. Decommissioning is a critical step that removes old, unwanted vessels from operations. This process provides a number of benefits such as cost savings, operational efficiencies, and environmental improvements. It also helps in diversification away from traditional oil and gas sources such as crude oil and petroleum products, which are essential for its continued operation. Some of the most important areas that require oil & gas vessel decommissioning are platform care, spill response, and oil transfer. Due to the importance of these activities, it is very necessary to have a company that is fully capable of executing these services.
The growing offshore exploration activities and strict environmental regulations is driving the growth of the oil & gas vessel decommissioning market. According to the U.S. Energy Information Administration, in 2019, offshore oil and natural gas production in the Federal Gulf of Mexico accounted for about 15% of total U.S. crude oil production and about 3% of total U.S. dry natural gas production. Increasing number of deepwater installations and rise in a number of nonfunctional and outdated vessels. Moreover, the rapid depletion of land-based resources has led to an increase in offshore exploration which is driving vessel decommissioning services. All these factors are fostering growth of the oil and gas vessel decommissioning market.
Europe is expected to gain significant growth over the forecast period and this is attributed to increasing Vessel Decommissioning in the region. The Oil & Gas Technology Centre (OGTC) and the University of Aberdeen have opened the new National Decommissioning Centre (NDC) in North-East Scotland’s Energetica Corridor.
Key Developments:
- In April 2019, Oceaneering’s advanced subsea construction support vessel, Ocean Evolution, has completed sea trials and received all necessary ABS and U.S. Coast Guard certifications, and is currently in Port Fourchon, La.
- In April 2018, Maersk Drilling and Maersk Supply Service have announced a joint venture to provide decommissioning services to offshore oil and gas operators.
- In July 2021, Aker Solutions and AF Gruppen have signed a Letter of Intent (LOI) to merge the two companies’ existing offshore decommissioning operations into a 50/50 owned company with the goal of creating a leading global player for environmentally friendly recycling of offshore assets
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Oil & Gas Vessel Decommissioning Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Oil & Gas Vessel Decommissioning Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Wood Group
- PSN Limited
- AMEC
- TSB Offshore, Inc.
- Derrick Services (UK) Ltd.
- Worley Parsons Ltd.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Oil & Gas Vessel Decommissioning Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Application 1
- Application 2
- Application 3
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Oil & Gas Vessel Decommissioning Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Oil & Gas Vessel Decommissioning Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Oil & Gas Vessel Decommissioning Market
1.6.1 How the Covid-19 is Affecting the Oil & Gas Vessel Decommissioning Market
1.6.1.1 Oil & Gas Vessel Decommissioning Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Oil & Gas Vessel Decommissioning Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Oil & Gas Vessel Decommissioning Market Perspective (2015-2027)
2.2 Oil & Gas Vessel Decommissioning Market Growth Trends by Regions
2.2.1 Oil & Gas Vessel Decommissioning Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Oil & Gas Vessel Decommissioning Market Historic Market Share by Regions (2015-2021)
2.2.3 Oil & Gas Vessel Decommissioning Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Oil & Gas Vessel Decommissioning Market Growth Strategy
2.3.6 Primary Interviews with Key Oil & Gas Vessel Decommissioning Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Oil & Gas Vessel Decommissioning Market Players by Market Size
3.1.1 Global Top Oil & Gas Vessel Decommissioning Market Players by Revenue (2015-2021)
3.1.2 Global Oil & Gas Vessel Decommissioning Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Oil & Gas Vessel Decommissioning Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Oil & Gas Vessel Decommissioning Market Concentration Ratio
3.2.1 Global Oil & Gas Vessel Decommissioning Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Oil & Gas Vessel Decommissioning Market Revenue in 2019
3.3 Oil & Gas Vessel Decommissioning Market Key Players Head office and Area Served
3.4 Key Players Oil & Gas Vessel Decommissioning Market Product Solution and Service
3.5 Date of entering into Oil & Gas Vessel Decommissioning Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Oil & Gas Vessel Decommissioning Market Historic Market Size by Type (2015-2021)
4.2 Global Oil & Gas Vessel Decommissioning Market Forecasted Market Size by Type (2021-2027)
5 Oil & Gas Vessel Decommissioning Market Breakdown Data by Application (2015-2027)
5.1 Global Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
5.2 Global Oil & Gas Vessel Decommissioning Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Oil & Gas Vessel Decommissioning Market Size (2015-2021)
6.2 Oil & Gas Vessel Decommissioning Market Key Players in North America (2019-2021)
6.3 North America Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
6.4 North America Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
7 Europe
7.1 Europe Oil & Gas Vessel Decommissioning Market Size (2015-2021)
7.2 Oil & Gas Vessel Decommissioning Market Key Players in Europe (2019-2021)
7.3 Europe Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
7.4 Europe Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
8 China
8.1 China Oil & Gas Vessel Decommissioning Market Size (2015-2021)
8.2 Oil & Gas Vessel Decommissioning Market Key Players in China (2019-2021)
8.3 China Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
8.4 China Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
9 Japan
9.1 Japan Oil & Gas Vessel Decommissioning Market Size (2015-2021)
9.2 Oil & Gas Vessel Decommissioning Market Key Players in Japan (2019-2021)
9.3 Japan Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
9.4 Japan Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Oil & Gas Vessel Decommissioning Market Size (2015-2021)
10.2 Oil & Gas Vessel Decommissioning Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
10.4 Southeast Asia Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
11 India
11.1 India Oil & Gas Vessel Decommissioning Market Size (2015-2021)
11.2 Oil & Gas Vessel Decommissioning Market Key Players in India (2019-2021)
11.3 India Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
11.4 India Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Oil & Gas Vessel Decommissioning Market Size (2015-2021)
12.2 Oil & Gas Vessel Decommissioning Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021)
12.4 Central & South America Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Oil & Gas Vessel Decommissioning Market Introduction
13.4 Oil & Gas Vessel Decommissioning Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Oil & Gas Vessel Decommissioning Market Key Market Segments
Table 2. Key Players Covered: Ranking by Oil & Gas Vessel Decommissioning Market Revenue
Table 3. Ranking of Global Top Oil & Gas Vessel Decommissioning Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Oil & Gas Vessel Decommissioning Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Oil & Gas Vessel Decommissioning Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Oil & Gas Vessel Decommissioning Market Players to Combat Covid-19 Impact
Table 10. Global Oil & Gas Vessel Decommissioning Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Oil & Gas Vessel Decommissioning Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Oil & Gas Vessel Decommissioning Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Oil & Gas Vessel Decommissioning Market Share by Regions (2015-2021)
Table 14. Global Oil & Gas Vessel Decommissioning Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Oil & Gas Vessel Decommissioning Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Oil & Gas Vessel Decommissioning Market Growth Strategy
Table 20. Main Points Interviewed from Key Oil & Gas Vessel Decommissioning Market Players
Table 21. Global Oil & Gas Vessel Decommissioning Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Oil & Gas Vessel Decommissioning Market Share by Players (2015-2021)
Table 23. Global Top Oil & Gas Vessel Decommissioning Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Oil & Gas Vessel Decommissioning Market as of 2019)
Table 24. Global Oil & Gas Vessel Decommissioning Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Oil & Gas Vessel Decommissioning Market Product Solution and Service
Table 27. Date of entering into Oil & Gas Vessel Decommissioning Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 30. Global Oil & Gas Vessel Decommissioning Market Size Share by Type (2015-2021)
Table 31. Global Oil & Gas Vessel Decommissioning Market Revenue Market Share by Type (2021-2027)
Table 31. Global Oil & Gas Vessel Decommissioning Market Size Share by Application (2015-2021)
Table 33. Global Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 34. Global Oil & Gas Vessel Decommissioning Market Size Share by Application (2021-2027)
Table 35. North America Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 37. North America Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 38. North America Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 39. North America Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 40. North America Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 41. Europe Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 43. Europe Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 45. Europe Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 47. China Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 49. China Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 50. China Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 51. China Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 52. China Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 53. Japan Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 55. Japan Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 57. Japan Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 61. Southeast Asia Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 63. Southeast Asia Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 65. India Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 67. India Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 68. India Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 69. India Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 70. India Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Oil & Gas Vessel Decommissioning Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Oil & Gas Vessel Decommissioning Market Share (2019-2021)
Table 73. Central & South America Oil & Gas Vessel Decommissioning Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Oil & Gas Vessel Decommissioning Market Share by Type (2015-2021)
Table 75. Central & South America Oil & Gas Vessel Decommissioning Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Oil & Gas Vessel Decommissioning Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Oil & Gas Vessel Decommissioning Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Oil & Gas Vessel Decommissioning Market Share by Type: 2021 VS 2027
Figure 2. Global Oil & Gas Vessel Decommissioning Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Oil & Gas Vessel Decommissioning Market Report Years Considered
Figure 8. Global Oil & Gas Vessel Decommissioning Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Oil & Gas Vessel Decommissioning Market Share by Regions: 2021 VS 2027
Figure 10. Global Oil & Gas Vessel Decommissioning Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Oil & Gas Vessel Decommissioning Market Share by Players in 2019
Figure 13. Global Top Oil & Gas Vessel Decommissioning Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Oil & Gas Vessel Decommissioning Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Oil & Gas Vessel Decommissioning Market Revenue in 2019
Figure 15. North America Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Oil & Gas Vessel Decommissioning Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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