The
global oil spill management market revenue stood at USD 94,218.1
million in 2013 and is projected to reach USD 114,441.1 million by
2020, expanding at a CAGR of 2.8% between 2014 and 2020.
Browse
Oil Spill Management Market Report with Full TOC at
http://www.transparencymarketresearch.com/oil-spill-management.html
The
report also provides an estimated cost incurred in managing the oil
spills in between 2000 and 2013. According to the study, the total
cumulative expenditure on post-oil spill management services from
2000 to 2013 stood at USD 12,886.5 million.
The
pre-oil spill management technologies include the utilization of
blowout preventers, pipeline leak detection systems and double
hulling of ships to reduce the probability of oil spills. Blowout
preventers are large valves used to control the wellbore fluids and
prevent a blowout. If not monitored properly, extreme erratic
pressure while drilling can lead to the release of hydrocarbons from
the well, resulting in an oil spill. Increased drilling activities in
deepwater and ultra-deepwater regions with extreme and erratic well
pressure are one of the major factors augmenting the demand for BOPs.
In addition, many rig contractors are now purchasing an extra BOP to
insulate against the monetary losses caused during the maintenance of
BOPs.
Pipeline
leak detection systems and double hulling of oil tankers are
essential steps taken to reduce the probability of an oil spill
during hydrocarbon transportation (through pipelines and ships).
Pipeline leak detection systems alarm pipeline operators in case of a
leakage from any crude oil or refined product pipeline. Double
hulling of tanker vessels reduces the chances of oil spillage,
especially in case of low speed collisions and groundings. Double
hulling of tankers has emerged as one of the most widely used methods
for reducing the probability of oil spills. The second layer of the
hull used in double hulling forms a secondary barrier to the seawater
in case of damage to the primary layer.
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The
post-oil spill management includes physical methods, application of
chemical and biological agents, and mechanical containment to manage
oil spills. These practices involve the utilizations of booms,
skimmers, dispersants, gelling agents, vacuum washing, or pressure
washing to contain and clean the oil spillage.
Key
participants in the global oil spill management market include
Cameron International Corporation, National Oilwell Varco, Control
Flow Inc., Fender & Spill Response Services L.L.C., Northern
Tanker Company Oy, SkimOil, Inc, Hyundai Heavy Industries Co., Ltd,
GE Oil & Gas, COSCO Shipyard Group Co., Ltd, Ecolab Inc. and CURA
Emergency Services. The company profiles cover major market players
in BOP manufacturing, shipbuilding and oil spill management services.
This report provides an overview of these companies, followed by
their financial revenues (on availability), business strategies, and
recent developments.
The
research study analyzes and estimates the market size in terms of
market revenue (USD Million). The report covers technology and type
segments and provides region-wise data in terms of revenue. The
report also provides historical data, detailed analysis, and
statistically refined forecast (2014 - 2020) for the product and
geographical segments. The research covers a comprehensive analysis
of key players operating in the oil spill management market.
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Press Release Of Oil Spill Management Market
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The
oil spill management market has been segmented as follows:
Global
Oil Spill Management Market: Technology Analysis
Pre-Oil
Spill
- Blowout preventers
- Double hulling
- Pipeline leak detection
Post-Oil
Spill
- Mechanical methods
- Chemical and biological
- Physical
Global
Oil Spill Management Market: Type Analysis
- Onshore
- Offshore
Global
Oil Spill Management Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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