Report ID: UCMIG10D2014
Report ID:
UCMIG10D2014 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the global market for oil spill management was valued at USD 131.16 billion in 2015. The market is projected to grow over the next nine years due to mounting safety concerns and an increase in the number of oil spill incidents worldwide in recent years. The growth of oil and gas transportation, as a result of a substantial rise in onshore and offshore drilling activities, has also contributed to this expansion
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Oil & Gas Exploration & Production by segment aggregation, the contribution of the Oil & Gas Exploration & Production in Energy Fuel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG10D2014