How Offshore Decommissioning Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Offshore Decommissioning Market Latest Edition Published with Forecast to 2030


The article cited AMA's "Global Offshore Decommissioning Market Study" explored substantial growth in Europe and CAGR of 20.3%. According to the report, Increase Number of Wells Decommissioning For Plugging and Abandonment is one of the primary growth factors for the market. Growing Number of Offshore Rigs Are Reaching End of Their Production Cycle is also expected to contribute significantly to the Offshore Decommissioning market. Overall, applications of Offshore Decommissioning, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Removal, such as Leave In Place, is boosting the Offshore Decommissioning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Services, such as Project Management, is boosting the Offshore Decommissioning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Decommissioning Methods, such as Piece Small, is boosting the Offshore Decommissioning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Water Depth, such as Shallow Water, is boosting the Offshore Decommissioning market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Offshore Decommissioning market identified that the demand is rising in many different parts of the world as "High Growth Decommissioning Offshore Wind Farms ". Furthermore, some recent industry insights like "In September 2022, AF Gruppen was awarded a contract from Total energies EP Nederland B.V for the removal and recycling of platforms in the Dutch sector of the North Sea. The contract includes engineering, preparatory works, removal, transportation, recycling and disposal (EPRD) of 10 platforms with a combined weight of 17,000 tonnes. The platforms transported to AF environmental base vat for recycling." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Offshore Decommissioning market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Offshore Decommissioning market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Offshore Decommissioning market size is calculated using market estimation process, the Offshore Decommissioning market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Offshore Decommissioning market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager