Europe to lead Offshore Decommissioning Market in the Oil & Gas Equipment & Services Industry|Technavio – PRNewswire

Technavio's report on "Offshore Decommissioning Market by Service and Geography - Forecast and Analysis 2020-2024" reveals that the market has the potential to reach USD 1.77 billion, progressing at a CAGR of almost 6%.

Leading Regional Analysis of Offshore Decommissioning Market 2020-2024:

Technavio identifies North Americaas the second-highest country, where the offshore decommissioning market will have the potential to reach USD 1.75 billion by 2024. Factors such as declining crude oil prices, aging platforms, and growing investments in decommissioning activities will drive the demand of the offshore decommissioning market in North America over the forecast period.

APACwill be the third-highestcountry, where the offshore decommissioning market will have the potential to reach USD 0.72 billion by 2024. Several offshore projects in APAC are likely to increase the potential for the offshore decommissioning market over the forecast period.

Enquire to know more about the global trends impacting the future of the market. https://www.technavio.com/talk-to-us?report=IRTNTR44314&type=enquire

Offshore Decommissioning Market in the Oil & Gas Equipment & Services Industry during 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, the offshore decommissioning market report provide a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Aker Solutions ASA, General Electric Co., Halliburton Co., John Wood Group Plc, Oceaneering International Inc., Ramboll Group AS, Schlumberger Ltd., TechnipFMC Plc, TETRA Technologies Inc., and Weatherford International Plc

The report also covers the following areas:

Key Topics Covered

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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Report Page: https://www.technavio.com/report/offshore-decommissioning-market-industry-analysis

SOURCE Technavio

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Europe to lead Offshore Decommissioning Market in the Oil & Gas Equipment & Services Industry|Technavio - PRNewswire