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Published Date: 2015-04-03Number of Pages: 185

Oil Spill Management Market (Technology - Pre-Oil Spill (Blowout Preventers, Double Hulling, and Pipeline Leak Detection) and Post-Oil Spill (Mechanical Methods, Chemical and Biological, and Physical); Product Type - Onshore and Offshore) - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Oil Spill Management Market: Snapshot

Oil spill management mainly entails the utilization of technologies to prevent oil spills, devising appropriate clean-up strategies post spilling, and implementing techniques to minimize waste and devastating ecological effect of the spilt oil. The oil spill management market is mainly driven by the need for managing operational oil spills from sectors such as exploration and production, refining and marketing, and chemical. World over, these sectors have been involved in a variety of pipeline transportation and seaborne of crude oil and chemicals. This has mandated the need for oil spill management technologies and methods.

In recent years, hefty penalty borne by prominent oil companies for the devastating effect they caused to the ecology and economy due to operational oil spills has boosted the demand for proper oil spill management mechanism.  Constant advancement in technologies for pre-oil spill and post-oil management teams is expected to boost the market.

The global oil spill management market is projected to rise at a CAGR of 2.80% from 2014 to 2020. Growing at this pace, the opportunities in the market is expected to reach US$114.4 bn by the end of the forecast period.

Growing Use of Double-Hulled Ships and Blowout Preventers in Managing Pre-Oil Spills

On the basis of product type, the market is segmented into offshore and onshore. Based on technology, the market is segmented into post-oil and pre-oil spill management scenarios. The pre-oil spill management is further segmented into double hulling, pipeline leak detection, and blowout preventers (BOPs). The post-oil spill management segment is further divided into physical, mechanical, and chemical and biological methods.

The continued rise in oil drilling activities, especially onshore, has bolstered the uptake of pressure control equipment such as blowout preventers and technologies such as pipeline leak detection. Stringent regulations imposed by governments of several nations to prevent accidental and operational oil spills have stimulated oil companies to strictly follow preventive measures.

The International Maritime Organization (IMO), primarily involved with regulating shipping, imposes stringent regulations, such as the mandatory use of double-hulled ships for newly built oil tankers, in order to minimize marine pollution. This has accentuated the market in recent years. Furthermore, several governmental regulation in advanced nations such as the U.S. has made double-hulled ships compulsory for all new ships with oil tankers. In addition, mounting concerns arising due to the leaks in oil and gas pipelines has propelled the demand for pipeline leak detection systems among operators.

Asia Pacific to Provide Lucrative Growth Avenues for Market Players

Based on geography, the market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, Asia Pacific is projected to lead the market over the forecast period. The growth of the regional market is fueled by the prominent presence of big shipping companies in several Asian nations such as Japan, South Korea, and China. A number of ship building companies have witnessed substantial demand for double-hulled ships in recent years. In addition, the rapidly rising number of domestic shipbuilding and repairing activities in countries such as Thailand, Vietnam, Malaysia, the Philippines, and Indonesia is expected to boost the regional market.

Meanwhile, North America is a prominent market for oil spill management. The extensive implementation of mechanical containment in managing oil spills is anticipated to accentuate the regional market.

The increasing pipeline and seaborne transportation of crude oils and chemicals globally is amongst the key factor boosting the oil spill management market. The increase in offshore and pipeline tanker transportation of oil and gas will also impact the oil spill management market positively.

This research study provides an extensive review of the market for oil spill management. An analysis of the market has been presented on the basis of cumulative revenue in US$ mn. The report segments the market on the basis of technology, type, and geography. The data presented in this report is collected by conducting primary as well as secondary research and is an amalgamation of expert knowledge from industry leaders and senior analysts.

The report also includes case studies for evaluating the numerous causes of spillage and likewise the different methods being utilized for spill management are mentioned. A breakdown of the total expenditure devoted by the companies to spill management also forms an integral part of the report. In addition, the roles and interactions of numerous stakeholders right from procurement to end use are also highlighted in detail within this study.

Overview of the Oil Spill Management Market

Leakage in gas and oil pipelines is a key concern for major pipeline operators due to the high cost and risks involved in such incidents. The use of technologies to manage, prevent, and clean oil spillage and minimize its effect on its surroundings is termed as oil spill management. 

In terms of type, the market is segmented into onshore spill management and offshore spill management. In terms of technology, the oil spill management market is segmented into post-oil spill management and pre-oil spill management. Pre-oil spill management includes blowout preventers, double hulling of oil-carrying ships, and pipeline leak detection, whereas post-oil spill management includes physical, chemical, biological, and mechanical methods. Pre-oil spill management makes use of technologies for the prevention of oil spills. On the other hand, post-oil spill management uses numerous methods for cleaning, managing, and containing oil spillage.

The rise in safety concern, along with the increasing count of oil spills seen in the past few years, is expected to stimulate the oil spill management market in the coming years. Furthermore, the increase in research and development spending done by prime companies engaged in oil spill management for swift and proper oil spill cleaning is expected to bring in big opportunities for the development of this market in the forthcoming years.

On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific will witness swift development in the oil spill management market in the coming years. On the other hand, North America held the biggest share in the market between 2000 and 2013 and will continue to be a major player in the global scenario.

Key Players in the Oil Spill Management Market

National Oilwell Varco, Cameron International Corporation, Control Flow Inc., Northern Tanker Company Oy, Fender & Spill Response Services L.L.C., SkimOil, Inc., GE Oil & Gas, COSCO Shipyard Group Co., Ltd., Hyundai Heavy Industries Co., Ltd., Ecolab Inc., and CURA Emergency Services are the prime players operating in the market. 

Major geographies analyzed under this research report are: 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report:

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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