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The Oil ad Gas Asset Integrity Management Services market is segmented by Location of Deployment (Offshore and Onshore), Sector (Upstream, Midstream, and Downstream) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)
Fastest Growing Market:
Middle-East and Africa
The oil and gas asset integrity management services market is expected to register a CAGR of about 8.67% during the forecast period. The demand for oil is expected to increase by of 1.2 mb/d per year during 2020-2025 (the demand is expected to reach 104.7 mb/d by 2023, increasing by 6.9 mb/d from 2018). India and China are expected to account for around 50% of the global demand for oil, by 2025. The assets of the oil and gas industry, such as the offshore platforms, rigs, and pipelines, have been used by the industry beyond their design life. With the continued increase in the demand for production, a majority of the assets are expected to be further used during the forecast period. Moreover, the offshore oil and gas platforms are subjected to severe ocean currents, corrosive saltwater, and frequent hurricanes. Unlike drilling rigs, which are mobile, platforms cannot be brought to shore for repairs. Many of the platforms are very old and the maintenance records are either missing or unreliable. With the aging infrastructure, the demand for asset integrity management services in the oil and gas sector is expected to increase, in order to prolong the life of these assets. However, the lower prices of oil and gas led to reduced expenditure on CAPEX and OPEX by several major operators globallly. This factor is expected hinder the grhowth of the market.
The report on oil and gas asset integrity management services market includes:
|Location of Deployment|
|Middle-East and Africa|
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The global oil and gas asset integrity management services market is fragmented. Some of the major companies include Aker Solutions ASA, Bureau Veritas S A, Fluor Corporation, and Technip FMC.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Market Dynamics
4.5 Government Policies and Regulations
4.6 Supply Chain Analysis
5. MARKET SEGMENTATION
5.1 Location of Deployment
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Aker Solutions ASA
6.3.2 Bureau Veritas S A
6.3.3 Genesis Oil & Gas Consultants Limited
6.3.4 Intertek Group PLC
6.3.5 Oceaneering International Inc.
6.3.6 Fluor Corporation
6.3.7 Technip FMC
6.3.8 Applus RTD Group
6.3.9 ABS Consulting Inc.
6.3.10 EM&I Ltd
6.3.11 Meridium Inc.
6.3.12 Worley Parson Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability