The global oil spill management market size is expected to reach USD
125.62 billion by 2022, according to a new report by Grand View Research, Inc.
Increasing oil spill incidents since the past five years coupled with stringent
safety and environmental regulations are expected to remain key driving factor
for global oil spill management market. In addition, increasing seaborne and
pipeline transportation of crude oil and chemicals globally is also expected to
have a positive impact on market growth.
Strict government regulations particularly in North America
and Europe for employing safety devices and technologies during drilling and
transportation of crude oil have contributed towards market development in
these regions. Increasing offshore and pipeline tanker transportation of
petroleum products is also expected to increase demand for various oil spill
management technologies. Additionally, increasing R&D by key players for
efficient and rapid oil spill cleaning is expected to create opportunities for
the market over the forecast period.
Pre-oil spill management emerged as the major technology
segment in 2014. Double hull technology accounted for over 60% of the global
pre-oil spill management market in 2014. Double hulling of ships enhances the
durability in harsh ocean weather conditions and arctic areas. Growing seaborne
trade between North America and Europe has resulted in increased ship traffic
in arctic region. Growing concern towards product losses coupled with stringent
regulations regarding transportation of petroleum products in maritime trade is
expected to positively impact market expansion.
Request to Sample
of This Report @ http://www.grandviewresearch.com/industry-analysis/oil-spill-management-market
Further key findings from the report suggest:
- Global post-oil spill management market was valued at USD 14.19 billion in 2010. Pre-oil spill management market is expected to reach a net worth of USD 125.62 billion by 2022, growing at an estimated CAGR of 3.2% from 2015 to 2022.
- Pipeline leak detection is expected to be the fastest growing pre-oil spill technology segment, at an estimated CAGR of over 4% from 2015 to 2022. Growing concern towards oil spill impacts such as soil fertility and water contamination is expected to drive innovations to develop efficient systems that inform exact location of pipeline leakages.
- Mechanical containment accounted for over 59% of total post-spill management market in 2010. Mechanical containment and recovery method involves use of booms, skimmers and sorbents for efficient clean up. The most recent developments in this field include using a floating boom for containing and controlling the span of the spill from further expansion.
- North America was the largest oil spill management market with demand share exceeding 40% in 2014. It is expected to gain share on account of increasing exploration and production activities particularly in the deep sea and ultra deep sea basins of Gulf of Mexico.
- National Oilwell Varco, Cameron International Corporation, Fender & Spill Response Services L.L.C., Ecolab Inc., SkimOil, Inc., Hyundai Heavy Industries Co., Ltd., CURA Emergency Services and COSCO Shipyard Group Co., Ltd. are the prime companies operating in the market.
To Get Sample Copy of Report visit
@ http://www.grandviewresearch.com/industry-analysis/oil-spill-management-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For More Information,
Visit Grand
View Research
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
No comments:
Post a Comment