Market Size of Netherlands Offshore Oil and Gas Decommissioning Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Netherlands Offshore Oil And Gas Decommissioning Market Analysis
The Netherlands offshore oil and gas decommissioning market is expected to register a CAGR of more than 4.5% during the forecast period. The market was negatively impacted by the outbreak of COVID-19. Currently, the market has rebounded to pre-pandemic levels.
- Factors such as attractive government policies towards renewable energy and aging offshore infrastructure are expected to drive the Netherlands offshore oil and gas decommissioning market.
- However, decreased capital expenditure in the oil and gas industry is expected to have a negative impact on the Netherlands' offshore oil and gas decommissioning market.
- The Dutch government has planned to achieve zero carbon emissions by 2050, which is likely to promote oil and gas decommissioning. This is likely to create several opportunities for the Netherlands' offshore oil and gas decommissioning market in the future.
Netherlands Offshore Oil And Gas Decommissioning Industry Segmentation
Decommissioning is the process of putting an offshore platform's offshore oil and gas operations to an end and restoring the ocean and seafloor to how they were before the lease. The Netherlands offshore oil and gas decommissioning market is segmented by depth into shallow water, deepwater, and ultra-deepwater. The installed capacity and forecasts for each segment have been done in revenue (USD million).
Netherlands Offshore Oil and Gas Decommissioning Market Size Summary
The Netherlands offshore oil and gas decommissioning market is poised for growth, driven by factors such as government policies favoring renewable energy and the aging of offshore infrastructure. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels. The Dutch government's commitment to achieving zero carbon emissions by 2050 is expected to further stimulate decommissioning activities, creating opportunities in the sector. However, the market faces challenges due to decreased capital expenditure in the oil and gas industry. The shallow water segment, which constitutes the largest part of the market, is expected to dominate due to the maturity of many fields and the need for efficient decommissioning of aging infrastructure.
The shift towards renewable energy is a significant driver for the offshore oil and gas decommissioning market in the Netherlands. With increasing energy consumption and depleting gas reserves, the country is focusing on sustainable energy production and smarter energy usage. Government incentives, such as sustainable energy investment grants and subsidies like the Stimulation of Sustainable Energy Production, are encouraging businesses to invest in renewable energy. This transition is expected to drive decommissioning activities as offshore platforms are repurposed or dismantled. The market is moderately fragmented, with key players including Nexstep, Royal Boskalis Westminster N.V., and Veolia Environnement SA, among others, actively participating in decommissioning projects.
Netherlands Offshore Oil and Gas Decommissioning Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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Netherlands Offshore Oil and Gas Decommissioning Market Size FAQs
What is the current Netherlands Offshore Oil and Gas Decommissioning Market size?
The Netherlands Offshore Oil and Gas Decommissioning Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Netherlands Offshore Oil and Gas Decommissioning Market?
Nexstep, Royal Boskalis Westminster N.V, Veolia Environnement SA, Saltwater Engineering B.V. and Neptune Energy are the major companies operating in the Netherlands Offshore Oil and Gas Decommissioning Market.
