Global Oil Spill Management Industry

Global Oil Spill Management Industry

  • April 2021 •
  • 126 pages •
  • Report ID: 5961073 •
  • Format: PDF
Abstract:
- Global Oil Spill Management Market to Reach $129 Billion by 2027
- Amid the COVID-19 crisis, the global market for Oil Spill Management estimated at US$108 Billion in the year 2020, is projected to reach a revised size of US$129 Billion by 2027, growing at aCAGR of 2.6% over the period 2020-2027. Post-Oil Spill, one of the segments analyzed in the report, is projected to record 2.3% CAGR and reach US$19.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pre-Oil Spill segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $31.7 Billion, While China is Forecast to Grow at 2.5% CAGR
- The Oil Spill Management market in the U.S. is estimated at US$31.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.1 Billion by the year 2027 trailing a CAGR of 2.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

- Select Competitors (Total 42 Featured) -
  • Cameron - Schlumberger
  • China Ocean Shipping (Group) Company (COSCO)
  • Control Flow, Inc.
  • Cura Emergency Services
  • Ecolab, Inc.
  • Fender & Spill Response Services L.L.C
  • GE Oil & Gas
  • Hyundai Heavy Industries Co., Ltd.
  • National Oilwell Varco, Inc.
  • Northern Tanker Company Oy
  • SkimOil, Inc.