The Offshore Decommissioning Market size was valued at USD 5.5 billion in 2022 and is expected to grow to USD 9.8 billion by 2030 with an emerging CAGR of 7.5% over the forecast period of 2023-2030.
Decommissioning is the process of promptly, safely, and satisfactorily removing or otherwise dealing with offshore infrastructure that was once utilised to support oil and gas activities. An offshore petroleum project will eventually need to decommission, which should be planned for from the beginning and matured during the course of operations. The potential and difficulties of decommissioning offshore oil and gas infrastructure when it is no longer necessary can be handled in a variety of ways. However, the Australian government and NOPSEMA are completely committed to making sure decommissioning is carried out in a timely, safe, and ecologically friendly manner regardless of the procedure a responsible manner.
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Many operators decide to utilise parts of their offshore facilities due to the expense of decommissioning a platform. Operators must consider variables such the purpose of usage, a parameter, and wear and tear. Choose between reusing a platform as a whole or specific components. These components include, for instance, wellheads and production manifolds. Whether or not the structure has experienced corrosion is a key factor in this choice. In "Decommissioning Offshore Structures," Gorman and Neilson researched and reported on this potential for reuse as well as the other proposals listed.
KEY DRIVERS:
The price of crude oil is falling, and there are more and more oil and gas fields that are getting older.
Increasing abandoned wells and huge, mature offshore oilfields.
When a well's useful life is up, it needs to be fully sealed up and abandoned. A number of cement plugs are inserted into the wellbore during such plug and abandoned (P&A) operations to separate the reservoir and other fluid-bearing formations. The quantity of wells that must be permanently sealed up and abandoned, particularly in developed, offshore regions.
RESTRAIN:
High Cost
Risk Involved
OPPORTUNITY:
Obsolete offshore infrastructure
CHALLENGES:
Recent downturn in price of oil
Increasing technology use to boost output from established fields
An oilfield produces crude oil or gas during its primary lifespan under the pressure of a natural reservoir. EOR can boost production and stop older fields from deteriorating.
IMPACT OF RUSSIA-UKRAINE WAR
The EU's top supplier of oil, natural gas, and solid fossil fuels essential elements of the continent's energy mix prior to its invasion of Ukraine was Russia. Russian economy grew at a second-largest exporter of crude oil, bringing in $123 billion for the country's economy. In spite of this, several European nations levied further sanctions against Russia in response to the invasion of Ukraine has endangered these people. The goal of the sanctions imposed by the West was to obstruct Russian industrial production and economic influence in a variety of industries. Economic sanctions were put in place to punish Russia harshly for its behaviour and to make it more difficult for it to carry out future hostilities. Individuals who supported, funded, or carried out acts were the object of punishment.
By Service Type
Project Management, Engineering & Planning
Permitting & Regulatory Compliance
Platform Preparation
Well Plugging & Abandonment
Conductor Removal
Mobilization & Demobilization of Derrick Barges
Platform Removal
Pipeline & Power Cable Decommissioning
Materials Disposal
Site Clearance
By Removal
Leave in place
Partial
Complete
By Depth
Shallow water
Deepwater
By Structure
Topside
Substructure
Subsea Infrastructure
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Europe held the greatest market share for offshore decommissioning globally in 2021. The existence of mature oil and gas fields is a primary driver of the Europe offshore decommissioning sector. Furthermore, strict government regulations in European countries enabled market participants to conduct decommissioning operations safely and effectively, which has fuelled the offshore decommissioning market in this area. To effectively complete the decommissioning of their oil fields, a number of market participants have taken actions including launching new products and negotiating contracts.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
One of the largest topside removal projects has been underway since May 2021 thanks to Heerema Marine Contractors and AF Offshore Decom. initiatives of this nature on behalf of TAQA in the North Sea. As a late-life asset operator in the UK, TAA and its partners' Brae Bravo removal campaign is the company's first significant asset removal operation. Safety and environmental impact standards are central to the project.
Aker Solutions and Heerema Marine Contractors inked a contract in March 2021 for the decommissioning of the offshore Norwegian fields of Heimdal and Vesleffikk. Three offshore facilities from the Heimdal and Veslefrikk fields are included in the scope, along with their receiving, deconstruction, and recycling.
A contract for the offshore development of the North Field Production sustainability project was given to Saipem by Qatargas in February 2021. The engineering, procurement, building, and installation of numerous offshore facilities are all included in the scope.
The Major Players are Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), Schlumberger (US), Saipem (Italy), DNV GL (Norway), DeepOcean Group (Norway), and other players are listed in a final report.
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.5 Bn |
| Market Size by 2030 | US$ 9.8 Bn |
| CAGR | CAGR of 7.5 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service Type (Project management, engineering & planning, Permitting & regulatory compliance, Platform preparation, Well plugging & abandonment, Conductor removal, Mobilization & demobilization of derrick barges, Platform removal, Pipeline & power cable decommissioning, Materials disposal, Site clearance) • By Removal (Leave in place, Partial, Complete) • By Depth (Shallow water, Deepwater) • By Structure (Topside, Substructure, Subsea infrastructure) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Heerema Marine Contractors (The Netherlands), Royal Boskalis Westminster N.V. (The Netherlands), Petrofac (Jersey), Oceaneering International (US), Baker Hughes Company (US), Halliburton (US), and Schlumberger (US), Saipem (Italy), DNV GL (Norway), DeepOcean Group (Norway) |
| Key Drivers | • The price of crude oil is falling, and there are more and more oil and gas fields that are getting older. • Increasing abandoned wells and huge, mature offshore oilfields. |
| Market Restraints | • High Cost • Risk Involved |
Ans: Offshore Decommissioning Market is anticipated to expand by 7.5 % from 2023 to 2030.
Ans: USD 9.8 billion is expected to grow by 2030.
Ans: Offshore Decommissioning Market size was valued at USD 5.5 billion in 2022.
Ans: Europe held the greatest market share for the Offshore Decommissioning Market.
Ans: Recent downturn in price of oil and Increasing technology use to boost output from established fields.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Offshore Decommissioning Market Segmentation, By Service Type
8.1Project management, engineering & planning
8.2Permitting & regulatory compliance
8.3Platform preparation
8.4Well plugging & abandonment
8.5Conductor removal
8.6Mobilization & demobilization of derrick barges
8.7Platform removal
8.8Pipeline & power cable decommissioning
8.9Materials disposal
8.10Site clearance
9. Offshore Decommissioning Market Segmentation, By Removal
9.1Leave in place
9.2Partial
9.3Complete
10. Offshore Decommissioning Market Segmentation, By Depth
10.1Shallow water
10.2 Deepwater
11. Offshore Decommissioning Market Segmentation, By Structure
11.1Topside
11.2Substructure
11.3Subsea infrastructure
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Offshore Decommissioning Market by Country
12.2.2North America Offshore Decommissioning Market by Service Type
12.2.3 North America Offshore Decommissioning Market by Removal
12.2.4 North America Offshore Decommissioning Market by Depth
12.2.5 North America Offshore Decommissioning Market by Structure
12.2.6 USA
12.2.6.1 USA Offshore Decommissioning Market by Service Type
12.2.6.2 USA Offshore Decommissioning Market by Removal
12.2.6.3 USA Offshore Decommissioning Market by Depth
12.2.6.4 USA Offshore Decommissioning Market by Structure
12.2.7 Canada
12.2.7.1 Canada Offshore Decommissioning Market by Service Type
12.2.7.2 Canada Offshore Decommissioning Market by Removal
12.2.7.3 Canada Offshore Decommissioning Market by Depth
12.2.7.4 Canada Offshore Decommissioning Market by Structure
12.2.8 Mexico
12.2.8.1 Mexico Offshore Decommissioning Market by Service Type
12.2.8.2 Mexico Offshore Decommissioning Market by Removal
12.2.8.3 Mexico Offshore Decommissioning Market by Depth
12.2.8.4 Mexico Offshore Decommissioning Market by Structure
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Offshore Decommissioning Market by Country
12.3.1.2 Eastern Europe Offshore Decommissioning Market by Service Type
12.3.1.3 Eastern Europe Offshore Decommissioning Market by Removal
12.3.1.4 Eastern Europe Offshore Decommissioning Market by Depth
12.3.1.5 Eastern Europe Offshore Decommissioning Market by Structure
12.3.1.6 Poland
12.3.1.6.1 Poland Offshore Decommissioning Market by Service Type
12.3.1.6.2 Poland Offshore Decommissioning Market by Removal
12.3.1.6.3 Poland Offshore Decommissioning Market by Depth
12.3.1.6.4 Poland Offshore Decommissioning Market by Structure
12.3.1.7 Romania
12.3.1.7.1 Romania Offshore Decommissioning Market by Service Type
12.3.1.7.2 Romania Offshore Decommissioning Market by Removal
12.3.1.7.3 Romania Offshore Decommissioning Market by Depth
12.3.1.7.4 Romania Offshore Decommissioning Market by Structure
12.3.1.8 Hungary
12.3.1.8.1 Hungary Offshore Decommissioning Market by Service Type
12.3.1.8.2 Hungary Offshore Decommissioning Market by Removal
12.3.1.8.3 Hungary Offshore Decommissioning Market by Depth
12.3.1.8.4 Hungary Offshore Decommissioning Market by Structure
12.3.1.9 Turkey
12.3.1.9.1 Turkey Offshore Decommissioning Market by Service Type
12.3.1.9.2 Turkey Offshore Decommissioning Market by Removal
12.3.1.9.3 Turkey Offshore Decommissioning Market by Depth
12.3.1.9.4 Turkey Offshore Decommissioning Market by Structure
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Offshore Decommissioning Market by Service Type
12.3.1.10.2 Rest of Eastern Europe Offshore Decommissioning Market by Removal
12.3.1.10.3 Rest of Eastern Europe Offshore Decommissioning Market by Depth
12.3.1.10.4 Rest of Eastern Europe Offshore Decommissioning Market by Structure
12.3.2 Western Europe
12.3.2.1 Western Europe Offshore Decommissioning Market by Country
12.3.2.2 Western Europe Offshore Decommissioning Market by Service Type
12.3.2.3 Western Europe Offshore Decommissioning Market by Removal
12.3.2.4 Western Europe Offshore Decommissioning Market by Depth
12.3.2.5 Western Europe Offshore Decommissioning Market by Structure
12.3.2.6 Germany
12.3.2.6.1 Germany Offshore Decommissioning Market by Service Type
12.3.2.6.2 Germany Offshore Decommissioning Market by Removal
12.3.2.6.3 Germany Offshore Decommissioning Market by Depth
12.3.2.6.4 Germany Offshore Decommissioning Market by Structure
12.3.2.7 France
12.3.2.7.1 France Offshore Decommissioning Market by Service Type
12.3.2.7.2 France Offshore Decommissioning Market by Removal
12.3.2.7.3 France Offshore Decommissioning Market by Depth
12.3.2.7.4 France Offshore Decommissioning Market by Structure
12.3.2.8 UK
12.3.2.8.1 UK Offshore Decommissioning Market by Service Type
12.3.2.8.2 UK Offshore Decommissioning Market by Removal
12.3.2.8.3 UK Offshore Decommissioning Market by Depth
12.3.2.8.4 UK Offshore Decommissioning Market by Structure
12.3.2.9 Italy
12.3.2.9.1 Italy Offshore Decommissioning Market by Service Type
12.3.2.9.2 Italy Offshore Decommissioning Market by Removal
12.3.2.9.3 Italy Offshore Decommissioning Market by Depth
12.3.2.9.4 Italy Offshore Decommissioning Market by Structure
12.3.2.10 Spain
12.3.2.10.1 Spain Offshore Decommissioning Market by Service Type
12.3.2.10.2 Spain Offshore Decommissioning Market by Removal
12.3.2.10.3 Spain Offshore Decommissioning Market by Depth
12.3.2.10.4 Spain Offshore Decommissioning Market by Structure
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Offshore Decommissioning Market by Service Type
12.3.2.11.2 Netherlands Offshore Decommissioning Market by Removal
12.3.2.11.3 Netherlands Offshore Decommissioning Market by Depth
12.3.2.11.4 Netherlands Offshore Decommissioning Market by Structure
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Offshore Decommissioning Market by Service Type
12.3.2.12.2 Switzerland Offshore Decommissioning Market by Removal
12.3.2.12.3 Switzerland Offshore Decommissioning Market by Depth
12.3.2.12.4 Switzerland Offshore Decommissioning Market by Structure
12.3.2.13 Austria
12.3.2.13.1 Austria Offshore Decommissioning Market by Service Type
12.3.2.13.2 Austria Offshore Decommissioning Market by Removal
12.3.2.13.3 Austria Offshore Decommissioning Market by Depth
12.3.2.13.4 Austria Offshore Decommissioning Market by Structure
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Offshore Decommissioning Market by Service Type
12.3.2.14.2 Rest of Western Europe Offshore Decommissioning Market by Removal
12.3.2.14.3 Rest of Western Europe Offshore Decommissioning Market by Depth
12.3.2.14.4 Rest of Western Europe Offshore Decommissioning Market by Structure
12.4 Asia-Pacific
12.4.1 Asia Pacific Offshore Decommissioning Market by Country
12.4.2 Asia Pacific Offshore Decommissioning Market by Service Type
12.4.3 Asia Pacific Offshore Decommissioning Market by Removal
12.4.4 Asia Pacific Offshore Decommissioning Market by Depth
12.4.5 Asia Pacific Offshore Decommissioning Market by Structure
12.4.6 China
12.4.6.1 China Offshore Decommissioning Market by Service Type
12.4.6.2 China Offshore Decommissioning Market by Removal
12.4.6.3 China Offshore Decommissioning Market by Depth
12.4.6.4 China Offshore Decommissioning Market by Structure
12.4.7 India
12.4.7.1 India Offshore Decommissioning Market by Service Type
12.4.7.2 India Offshore Decommissioning Market by Removal
12.4.7.3 India Offshore Decommissioning Market by Depth
12.4.7.4 India Offshore Decommissioning Market by Structure
12.4.8 Japan
12.4.8.1 Japan Offshore Decommissioning Market by Service Type
12.4.8.2 Japan Offshore Decommissioning Market by Removal
12.4.8.3 Japan Offshore Decommissioning Market by Depth
12.4.8.4 Japan Offshore Decommissioning Market by Structure
12.4.9 South Korea
12.4.9.1 South Korea Offshore Decommissioning Market by Service Type
12.4.9.2 South Korea Offshore Decommissioning Market by Removal
12.4.9.3 South Korea Offshore Decommissioning Market by Depth
12.4.9.4 South Korea Offshore Decommissioning Market by Structure
12.4.10 Vietnam
12.4.10.1 Vietnam Offshore Decommissioning Market by Service Type
12.4.10.2 Vietnam Offshore Decommissioning Market by Removal
12.4.10.3 Vietnam Offshore Decommissioning Market by Depth
12.4.10.4 Vietnam Offshore Decommissioning Market by Structure
12.4.11 Singapore
12.4.11.1 Singapore Offshore Decommissioning Market by Service Type
12.4.11.2 Singapore Offshore Decommissioning Market by Removal
12.4.11.3 Singapore Offshore Decommissioning Market by Depth
12.4.11.4 Singapore Offshore Decommissioning Market by Structure
12.4.12 Australia
12.4.12.1 Australia Offshore Decommissioning Market by Service Type
12.4.12.2 Australia Offshore Decommissioning Market by Removal
12.4.12.3 Australia Offshore Decommissioning Market by Depth
12.4.12.4 Australia Offshore Decommissioning Market by Structure
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Offshore Decommissioning Market by Service Type
12.4.13.2 Rest of Asia-Pacific Offshore Decommissioning Market by Removal
12.4.13.3 Rest of Asia-Pacific Offshore Decommissioning Market by Depth
12.4.13.4 Rest of Asia-Pacific Offshore Decommissioning Market by Structure
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Offshore Decommissioning Market by country
12.5.1.2 Middle East Offshore Decommissioning Market by Service Type
12.5.1.3 Middle East Offshore Decommissioning Market by Removal
12.5.1.4 Middle East Offshore Decommissioning Market by Depth
12.5.1.5 Middle East Offshore Decommissioning Market by Structure
12.5.1.6 UAE
12.5.1.6.1 UAE Offshore Decommissioning Market by Service Type
12.5.1.6.2 UAE Offshore Decommissioning Market by Removal
12.5.1.6.3 UAE Offshore Decommissioning Market by Depth
12.5.1.6.4 UAE Offshore Decommissioning Market by Structure
12.5.1.7 Egypt
12.5.1.7.1 Egypt Offshore Decommissioning Market by Service Type
12.5.1.7.2 Egypt Offshore Decommissioning Market by Removal
12.5.1.7.3 Egypt Offshore Decommissioning Market by Depth
12.5.1.7.4 Egypt Offshore Decommissioning Market by Structure
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Offshore Decommissioning Market by Service Type
12.5.1.8.2 Saudi Arabia Offshore Decommissioning Market by Removal
12.5.1.8.3 Saudi Arabia Offshore Decommissioning Market by Depth
12.5.1.8.4 Saudi Arabia Offshore Decommissioning Market by Structure
12.5.1.9 Qatar
12.5.1.9.1 Qatar Offshore Decommissioning Market by Service Type
12.5.1.9.2 Qatar Offshore Decommissioning Market by Removal
12.5.1.9.3 Qatar Offshore Decommissioning Market by Depth
12.5.1.9.4 Qatar Offshore Decommissioning Market by Structure
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Offshore Decommissioning Market by Service Type
12.5.1.10.2 Rest of Middle East Offshore Decommissioning Market by Removal
12.5.1.10.3 Rest of Middle East Offshore Decommissioning Market by Depth
12.5.1.10.4 Rest of Middle East Offshore Decommissioning Market by Structure
12.5.2. Africa
12.5.2.1 Africa Offshore Decommissioning Market by country
12.5.2.2 Africa Offshore Decommissioning Market by Service Type
12.5.2.3 Africa Offshore Decommissioning Market by Removal
12.5.2.4 Africa Offshore Decommissioning Market by Depth
12.5.2.5 Africa Offshore Decommissioning Market by Structure
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Offshore Decommissioning Market by Service Type
12.5.2.6.2 Nigeria Offshore Decommissioning Market by Removal
12.5.2.6.3 Nigeria Offshore Decommissioning Market by Depth
12.5.2.6.4 Nigeria Offshore Decommissioning Market by Structure
12.5.2.7 South Africa
12.5.2.7.1 South Africa Offshore Decommissioning Market by Service Type
12.5.2.7.2 South Africa Offshore Decommissioning Market by Removal
12.5.2.7.3 South Africa Offshore Decommissioning Market by Depth
12.5.2.7.4 South Africa Offshore Decommissioning Market by Structure
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Offshore Decommissioning Market by Service Type
12.5.2.8.2 Rest of Africa Offshore Decommissioning Market by Removal
12.5.2.8.3 Rest of Africa Offshore Decommissioning Market by Depth
12.5.2.8.4 Rest of Africa Offshore Decommissioning Market by Structure
12.6. Latin America
12.6.1 Latin America Offshore Decommissioning Market by country
12.6.2 Latin America Offshore Decommissioning Market by Service Type
12.6.3 Latin America Offshore Decommissioning Market by Removal
12.6.4 Latin America Offshore Decommissioning Market by Depth
12.6.5 Latin America Offshore Decommissioning Market by Structure
12.6.6 Brazil
12.6.6.1 Brazil Offshore Decommissioning Market by Service Type
12.6.6.2 Brazil Offshore Decommissioning Market by Removal
12.6.6.3 Brazil Offshore Decommissioning Market by Depth
12.6.6.4 Brazil Offshore Decommissioning Market by Structure
12.6.7 Argentina
12.6.7.1 Argentina Offshore Decommissioning Market by Service Type
12.6.7.2 Argentina Offshore Decommissioning Market by Removal
12.6.7.3 Argentina Offshore Decommissioning Market by Depth
12.6.7.4 Argentina Offshore Decommissioning Market by Structure
12.6.8 Colombia
12.6.8.1 Colombia Offshore Decommissioning Market by Service Type
12.6.8.2 Colombia Offshore Decommissioning Market by Removal
12.6.8.3 Colombia Offshore Decommissioning Market by Depth
12.6.8.4 Colombia Offshore Decommissioning Market by Structure
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Offshore Decommissioning Market by Service Type
12.6.9.2 Rest of Latin America Offshore Decommissioning Market by Removal
12.6.9.3 Rest of Latin America Offshore Decommissioning Market by Depth
12.6.9.4 Rest of Latin America Offshore Decommissioning Market by Structure
13 Company Profile
13.1 Heerema Marine Contractors (The Netherlands)
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Royal Boskalis Westminster N.V. (The Netherlands)
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Petrofac (Jersey)
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Oceaneering International (US)
13.4 Company Overview
13.4.2 Financials
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Baker Hughes Company (US)
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Halliburton (US)
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Schlumberger (US)
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 DeepOcean Group (Norway),
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Saipem (Italy)
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 DNV GL (Norway)
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Offshore Pipeline Market size was valued at USD 14.82 Billion in 2023 and is projected to reach USD 21.11 Billion by 2032, with a growing at a compound annual growth rate (CAGR) of 4.01% over the forecast period of 2024 to 2032.
The MOSFET Relay Market size was valued at USD 246.6 million in 2023 and is expected to grow to USD 517.1 million by 2031 and grow at a CAGR of 9.7 % over the forecast period of 2024-2031.
The Solid oxide fuel cell for CHP application market size was valued at USD 10.97 Million in 2023 and is expected to grow to USD 38.04 Million by 2031 and grow at a CAGR of 16.8% over the forecast period of 2024-2031.
The Water Desalination Equipment Market size was valued at USD 16.14 billion in 2023 and is expected to grow to USD 33.07 billion by 2031 with a growing CAGR of 9.8% over the forecast period of 2024-2031.
The Electrolytic Manganese Dioxide Market size was valued at USD 1.58 billion in 2023 and is expected to grow to USD 2.81 billion by 2031 and grow at a CAGR of 7.4 % over the forecast period of 2024-2031.
The Distributed Energy Resource Management System Market size was valued at USD 471 million in 2023 and is expected to grow to USD 2323 million by 2032 and grow at a CAGR of 19.4% over the forecast period of 2024-2032.
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