Offshore Decommissioning Market Size 2025-2029
The offshore decommissioning market size is forecast to increase by USD 3.19 billion at a CAGR of 7.9% between 2024 and 2029.
- The market is experiencing significant growth driven by the maturation of oil and gas fields and the increasing number of aging platforms reaching the end of their operational life. This trend is particularly prominent in regions with a long history of offshore oil and gas production, such as the North Sea. However, the market is not without challenges. The high costs associated with offshore decommissioning projects, which can reach billions of dollars, pose a significant barrier to entry for many companies. Additionally, the shift towards renewable energy sources is reducing the demand for new offshore oil and gas projects, further impacting the market's growth.
- Despite these challenges, there are opportunities for companies to capitalize on the market's growth. Strategic partnerships, innovative technologies, and cost-effective approaches can help reduce the financial burden of decommissioning projects and make them more attractive to investors. Companies seeking to navigate this market effectively must stay informed of regulatory requirements, technological advancements, and market trends to position themselves for success.
What will be the Size of the Offshore Decommissioning Market during the forecast period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Service
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Business Segment
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Offshore Decommissioning Market 2019 - 2023
- Historic Market Size - Data Table on Global Offshore Decommissioning Market 2019 - 2023 ($ million)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
- 5.3 Service segment analysis 2019 - 2023
- Historic Market Size - Service Segment 2019 - 2023 ($ million)
- 5.4 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.5 Business segment analysis 2019 - 2023
- Historic Market Size - Business Segment 2019 - 2023 ($ million)
- 5.6 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.7 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on global offshore decommissioning market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Shallow water - Market size and forecast 2024-2029
- Chart on Shallow water - Market size and forecast 2024-2029 ($ million)
- Data Table on Shallow water - Market size and forecast 2024-2029 ($ million)
- Chart on Shallow water - Year-over-year growth 2024-2029 (%)
- Data Table on Shallow water - Year-over-year growth 2024-2029 (%)
- 8.4 Deepwater - Market size and forecast 2024-2029
- Chart on Deepwater - Market size and forecast 2024-2029 ($ million)
- Data Table on Deepwater - Market size and forecast 2024-2029 ($ million)
- Chart on Deepwater - Year-over-year growth 2024-2029 (%)
- Data Table on Deepwater - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Service
- 9.1 Market segments
- Chart on Service - Market share 2024-2029 (%)
- Data Table on Service - Market share 2024-2029 (%)
- 9.2 Comparison by Service
- Chart on Comparison by Service
- Data Table on Comparison by Service
- 9.3 Well plugging and abandonment - Market size and forecast 2024-2029
- Chart on Well plugging and abandonment - Market size and forecast 2024-2029 ($ million)
- Data Table on Well plugging and abandonment - Market size and forecast 2024-2029 ($ million)
- Chart on Well plugging and abandonment - Year-over-year growth 2024-2029 (%)
- Data Table on Well plugging and abandonment - Year-over-year growth 2024-2029 (%)
- 9.4 Platform removal - Market size and forecast 2024-2029
- Chart on Platform removal - Market size and forecast 2024-2029 ($ million)
- Data Table on Platform removal - Market size and forecast 2024-2029 ($ million)
- Chart on Platform removal - Year-over-year growth 2024-2029 (%)
- Data Table on Platform removal - Year-over-year growth 2024-2029 (%)
- 9.5 Permitting and regulatory compliance - Market size and forecast 2024-2029
- Chart on Permitting and regulatory compliance - Market size and forecast 2024-2029 ($ million)
- Data Table on Permitting and regulatory compliance - Market size and forecast 2024-2029 ($ million)
- Chart on Permitting and regulatory compliance - Year-over-year growth 2024-2029 (%)
- Data Table on Permitting and regulatory compliance - Year-over-year growth 2024-2029 (%)
- 9.6 Platform preparation - Market size and forecast 2024-2029
- Chart on Platform preparation - Market size and forecast 2024-2029 ($ million)
- Data Table on Platform preparation - Market size and forecast 2024-2029 ($ million)
- Chart on Platform preparation - Year-over-year growth 2024-2029 (%)
- Data Table on Platform preparation - Year-over-year growth 2024-2029 (%)
- 9.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.8 Market opportunity by Service
- Market opportunity by Service ($ million)
- Data Table on Market opportunity by Service ($ million)
10 Market Segmentation by Application
- 10.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 10.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 10.3 Topside - Market size and forecast 2024-2029
- Chart on Topside - Market size and forecast 2024-2029 ($ million)
- Data Table on Topside - Market size and forecast 2024-2029 ($ million)
- Chart on Topside - Year-over-year growth 2024-2029 (%)
- Data Table on Topside - Year-over-year growth 2024-2029 (%)
- 10.4 Substructure - Market size and forecast 2024-2029
- Chart on Substructure - Market size and forecast 2024-2029 ($ million)
- Data Table on Substructure - Market size and forecast 2024-2029 ($ million)
- Chart on Substructure - Year-over-year growth 2024-2029 (%)
- Data Table on Substructure - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
11 Market Segmentation by Business Segment
- 11.1 Market segments
- Chart on Market Segmentation by Business Segment - Market share 2024-2029 (%)
- Data Table on Market Segmentation by Business Segment - Market share 2024-2029 (%)
- 11.2 Comparison by Market Segmentation by Business Segment
- Chart on Comparison by Market Segmentation by Business Segment
- Data Table on Comparison by Market Segmentation by Business Segment
- 11.3 Complete removal - Market size and forecast 2024-2029
- Chart on Complete removal - Market size and forecast 2024-2029 ($ million)
- Data Table on Complete removal - Market size and forecast 2024-2029 ($ million)
- Chart on Complete removal - Year-over-year growth 2024-2029 (%)
- Data Table on Complete removal - Year-over-year growth 2024-2029 (%)
- 11.4 Partial removal - Market size and forecast 2024-2029
- Chart on Partial removal - Market size and forecast 2024-2029 ($ million)
- Data Table on Partial removal - Market size and forecast 2024-2029 ($ million)
- Chart on Partial removal - Year-over-year growth 2024-2029 (%)
- Data Table on Partial removal - Year-over-year growth 2024-2029 (%)
- 11.5 Leave in place - Market size and forecast 2024-2029
- Chart on Leave in place - Market size and forecast 2024-2029 ($ million)
- Data Table on Leave in place - Market size and forecast 2024-2029 ($ million)
- Chart on Leave in place - Year-over-year growth 2024-2029 (%)
- Data Table on Leave in place - Year-over-year growth 2024-2029 (%)
- 11.6 Market opportunity by Market Segmentation by Business Segment
- Market opportunity by Market Segmentation by Business Segment ($ million)
- Data Table on Market opportunity by Market Segmentation by Business Segment ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.9 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.10 Norway - Market size and forecast 2024-2029
- Chart on Norway - Market size and forecast 2024-2029 ($ million)
- Data Table on Norway - Market size and forecast 2024-2029 ($ million)
- Chart on Norway - Year-over-year growth 2024-2029 (%)
- Data Table on Norway - Year-over-year growth 2024-2029 (%)
- 13.11 Denmark - Market size and forecast 2024-2029
- Chart on Denmark - Market size and forecast 2024-2029 ($ million)
- Data Table on Denmark - Market size and forecast 2024-2029 ($ million)
- Chart on Denmark - Year-over-year growth 2024-2029 (%)
- Data Table on Denmark - Year-over-year growth 2024-2029 (%)
- 13.12 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 13.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.14 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 13.15 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.16 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 AF Gruppen Norge AS
- AF Gruppen Norge AS - Overview
- AF Gruppen Norge AS - Business segments
- AF Gruppen Norge AS - Key offerings
- AF Gruppen Norge AS - Segment focus
- SWOT
- 16.5 Aker Solutions ASA
- Aker Solutions ASA - Overview
- Aker Solutions ASA - Business segments
- Aker Solutions ASA - Key news
- Aker Solutions ASA - Key offerings
- Aker Solutions ASA - Segment focus
- SWOT
- 16.6 Baker Hughes Co.
- Baker Hughes Co. - Overview
- Baker Hughes Co. - Business segments
- Baker Hughes Co. - Key news
- Baker Hughes Co. - Key offerings
- Baker Hughes Co. - Segment focus
- SWOT
- 16.7 Boskalis
- Boskalis - Overview
- Boskalis - Product / Service
- Boskalis - Key offerings
- SWOT
- 16.8 DeepOcean Group Holding BV
- DeepOcean Group Holding BV - Overview
- DeepOcean Group Holding BV - Product / Service
- DeepOcean Group Holding BV - Key offerings
- SWOT
- 16.9 Halliburton Co.
- Halliburton Co. - Overview
- Halliburton Co. - Business segments
- Halliburton Co. - Key news
- Halliburton Co. - Key offerings
- Halliburton Co. - Segment focus
- SWOT
- 16.10 Heerema International Group
- Heerema International Group - Overview
- Heerema International Group - Product / Service
- Heerema International Group - Key offerings
- SWOT
- 16.11 John Wood Group PLC
- John Wood Group PLC - Overview
- John Wood Group PLC - Business segments
- John Wood Group PLC - Key offerings
- John Wood Group PLC - Segment focus
- SWOT
- 16.12 Oceaneering International Inc.
- Oceaneering International Inc. - Overview
- Oceaneering International Inc. - Product / Service
- Oceaneering International Inc. - Key offerings
- SWOT
- 16.13 Petrofac Ltd.
- Petrofac Ltd. - Overview
- Petrofac Ltd. - Business segments
- Petrofac Ltd. - Key offerings
- Petrofac Ltd. - Segment focus
- SWOT
- 16.14 Ramboll Group AS
- Ramboll Group AS - Overview
- Ramboll Group AS - Product / Service
- Ramboll Group AS - Key offerings
- SWOT
- 16.15 Schlumberger Ltd.
- Schlumberger Ltd. - Overview
- Schlumberger Ltd. - Business segments
- Schlumberger Ltd. - Key news
- Schlumberger Ltd. - Key offerings
- Schlumberger Ltd. - Segment focus
- SWOT
- 16.16 Subsea 7 SA
- Subsea 7 SA - Overview
- Subsea 7 SA - Business segments
- Subsea 7 SA - Key offerings
- Subsea 7 SA - Segment focus
- SWOT
- 16.17 TechnipFMC plc
- TechnipFMC plc - Overview
- TechnipFMC plc - Business segments
- TechnipFMC plc - Key news
- TechnipFMC plc - Key offerings
- TechnipFMC plc - Segment focus
- SWOT
- 16.18 Weatherford International Plc
- Weatherford International Plc - Overview
- Weatherford International Plc - Business segments
- Weatherford International Plc - Key news
- Weatherford International Plc - Key offerings
- Weatherford International Plc - Segment focus
- SWOT
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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