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World Offshore Maintenance, Modifications & Operations Market to Grow at a Uniform CAGR of 5.4% by 2020

The offshore MMO market is projected to grow at a CAGR of 5.4% over the period 2015-2019.Over the forecast period, $426.1bn is estimated to be spent on MMO relating to fixed platforms and $55.6bn on MMO of floating platforms. However, a 12% decline in MMO expenditure is expected in 2015. This is due to the delay of some major modifications by operators and a reduction as some aspects of MMO that are not directly associated to production are cut.

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World Offshore Maintenance, Modifications & Operations Market to Grow at a Uniform CAGR of 5.4% by 2020

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  1. World Offshore Maintenance, Modifications & Operations Market Forecast 2015-2019 Published on – 20 April, 2015| Number of pages : 64 Single User Price: $5642 World Offshore Maintenance, Modifications & Operations Market Worth 426.1 Billion USD by 2019 at a CAGR of 5.4% from 2015 to 2019

  2. In 2014, demand for offshore MMO services totalled $95bn for the world’s 8,061 offshore platforms. Operators are now focussed on controlling costs throughout the supply chain and there is significant pricing pressure impacting the 2015 and 2016 outlook. However, the offshore MMO market is projected to grow at a CAGR of 5.4% over the period 2015-2019, driven predominantly by an expanding and ageing infrastructure requiring maintenance and modification to maintain current production levels in the face of growing global energy demand. Over the forecast period, $426.1bn is estimated to be spent on MMO relating to fixed platforms and $55.6bn on MMO of floating platforms. However, a 12% decline in MMO expenditure is expected in 2015. This is due to the delay of some major modifications by operators and a reduction as some aspects of MMO that are not directly associated to production are cut. Asia and North America will continue to be the market leaders in MMO expenditure with a combined share of 45% over the forecast period. Asia’s share is driven by a combination of increasing offshore production platforms, and the move towards deepwater in less mature regions. Asset services, asset integrity and modifications markets are to be led by North America, whilst Asia has the largest support services spend over the forecast period. By sector, asset services accounts for the largest share of spend (57%), followed by modifications (27%).

  3. The World Offshore Maintenance, Modifications & Operations Market Forecast 2015- 2019 analyses the demand for services in four key equipment and service lines: offshore asset services, asset integrity services, support services and modifications. The new edition’s key themes are:  Drivers & indicators– a review of factors influencing the service lines including: offshore fixed & floating platform population, population & GDP growth, the move to green energy, oil supply & demand, offshore oil & gas, natural gas, oil & gas challenges, politics & regulation and the asset lifecycle.  Service line analysis– for offshore asset services, asset integrity services, support services and modifications split out by service line, asset type and region with competitive landscape and detailed supply chain analysis.  Regional market analysis– expenditure by service line 2010-2019 with trend commentary and speed reads for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest of Western Europe.

  4. Scope for purchasing the World Offshore Maintenance, Modifications and Operations Market Forecast: Our market forecasting is trusted by sector players worldwide, with clients including the world’s top-10 oil & gas companies, oilfield services companies and private equity firms. Our proven process includes:  Unique and proprietary data – updated year-round from published sources and insight gained from industry consultation.  Methodology – developed through a combination of primary data gathering and in- house analysis. We have utilised our own in-house databases to form the basis for the offshore models. Assumptions used to generate market demand are the result of our primary and secondary research. Demand side analysis by service line provides a metric on which to establish future opportunities and provide a context for market share assessment.  Market forecasts – comprehensive examination, analysis and ten-year view of maintenance, modifications & operations demand for key service lines, with historic data covering the period 2010-2014 and forecast data for 2015-2019. CONTINUED……..

  5. Concise report layout – consistent with commitment to delivering value for our clients, all our market forecasts have a concise layout consisting of industry background and supporting materials condensed to enable quick review with ‘speed-read’ summaries of key points throughout. An essential report – for financial institutions, equipment manufacturers, offshore engineering, construction, operations & maintenance companies and contractors, drilling companies, oil & gas companies and government agencies & departments wanting to make more informed investment decisions. Download Sample Brochure Make an Inquiry Before Buying

  6. Key questions answered in this report  What will the market size be in 2019 and what will the growth rate be?  What are the key market trends?  What is driving this market?  What are the challenges to market growth?  Who are the key vendors in this market space?  What are the market opportunities and threats faced by the key vendors?  What are the strengths and weaknesses of the key vendors You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report. Click Here To Check Complete Report Inquiry about Discount

  7. World Offshore Maintenance, Modifications & Operations Market Forecast 2015-2019 Operations Hardware Market, commercial views is available in the report. Contact: 1-302-684-6088 sales@marketintelreports.com www.marketintelreports.com Click here to order a copy of World Offshore Maintenance, Modifications & OperationsMarket Forecast Report  A detailed qualitative analysis of the Offshore Maintenance, Modifications &

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