Offshore Decommissioning Market Revenue to Hit $8.76 Billion by 2025
The offshore decommissioning market is projected to reach USD 8.76 billion by 2025, growing at a CAGR of 5.05%, from 2017 to 2025. Europe is estimated to be the largest market for offshore decommissioning, followed closely by North America. The European market is also projected to be the fastest growing market during the forecast period. The growth of the offshore decommissioning market is driven by ageing offshore infrastructure, maturing fields and low international oil prices.
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