PUBLISHER: Market Research Future | PRODUCT CODE: 1684509
PUBLISHER: Market Research Future | PRODUCT CODE: 1684509
Global Offshore Black Sea service providers Market Research Report Information by Services (Maintenance & operations, Diving services, Supply vessels, Helicopter Services, Construction Services and Others) By Port type (Government running ports and Private running ports) and By Country Forecast to 2030
The offshore Black Sea service providers market was valued at USD 9874.48 million in 2023. The Offshore Black Sea service providers Market is expected to expand from USD 10429.43 million in 2024 to USD 14,478.24 million by 2030, with a compound yearly growth rate (CAGR) of 5.62% during the forecast period (2024- 2030).
Offshore work is classified into four basic categories: management, operations, construction, and exploration. Offshore oil workers can do a range of duties, such as drilling, surveying, diving, and conducting health and safety checks.
The Offshore Black Sea service providers market is divided into two segments: services and port type. The market is divided into services, including maintenance and operations, diving services, supply vessels, helicopter services, construction services, and others. Supply vessel services dominated the market in 2023. Furthermore, the category is likely to maintain its dominance during the forecast period. By port type, the market is divided into government-run ports and private-run ports, with the former dominating the market in 2023. However, private ports are predicted to have the highest CAGR over the forecast period.
Market Segment insights
Maintenance and operations, diving services, supply vessels, helicopter services, construction services, and others are the service categories that make up the Offshore Black Sea service providers Market sector.
The Offshore Black Sea Service Providers Market is divided into commercial and government ports.
Country insights
The Offshore Black Sea service providers market is divided into the following countries: Bulgaria, Georgia, Romania, Russia, Turkey, Ukraine, and the rest of the world. The Russia Offshore Black Sea service providers market has the largest market share and is predicted to have a considerable revenue share throughout the projection period. Last year, the World Bank forecast a technical potential of 435 MW for offshore wind in the Black Sea, with 269 GW of fixed-bottom turbines and the remaining 166 GW of floating turbines. Romania, a neighboring Black Sea country, has said that it will enact legislation governing offshore wind before the end of this year. By 2050, the European Union plans to have 300 GW of offshore wind installed.
Bulgaria could benefit from the expansion of offshore energy through job creation, new technology clusters, and national supply chains for equipment. The offshore wind sector has the potential to transform Bulgaria's two largest ports, Burgas and Varna, into carbon-reduction centers, thereby boosting the Black Sea Country's offshore wind industry.
Able UK, Aker Solutions ASA, AF GRUPPEN ASA, John Wood Group PLC, DNV GL, Heerema Marine Contractors (HMC), Allseas Group, TECHNIPFMC PLC, DeepOcean Group Holding B.V., and Equinor ASA are among the leading competitors in the Offshore Black Sea service providers Market.