Press release
Offshore ROV Market Expected to Grow at a CAGR of 6.7% from 2018-2023
Offshore ROV
Remotely operated vehicles (ROVs) are a vital part of underwater activities. The offshore industry could not function without them as ROVs perform crucial installation, inspection, maintenance, and decommissioning of subsea infrastructure.
In the coming years there is an increasing demand for offshore ROV in the regions of North America and Europe that is expected to drive the market for more advanced offshore ROV. Increasing of underwater fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on marine work, retrofitting and renovation of old technology, increasing adoption of offshore ROV will drive global market growth.
The consumption volume of offshore ROV is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of offshore ROV industry may not keep that fast. But it is surely forecasted that the market of offshore ROV is still promising.
Over the next five years, Offshore ROV will register a 6.7% CAGR in terms of revenue, reach US$ 330 million by 2023, from US$ 220 million in 2017.
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Segmentation by product type:
Max Depth4000m
Segmentation by application:
Drilling Support
Construction Support
Offshore Inspection
Others
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Forum Energy Technologies
Oceaneering
FMC Technologies
Saab Seaeye Limited
Furgo
Saipem
ECA
SMD
LIGHTHOUSE SpA
Deep Ocean Engineering, Inc.
TMT
DWTEK
Definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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TABLE OF CONTENTS:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Offshore ROV Consumption 2013-2023
2.1.2 Offshore ROV Consumption CAGR by Region
2.2 Offshore ROV Segment by Type
2.2.1 Max Depth4000m
2.3 Offshore ROV Consumption by Type
3 Global DC Offshore ROVDC by Players
3.1 Global Offshore ROV Sales Market Share by Players
3.1.1 Global Offshore ROV Sales by Players (2016-2018)
3.1.2 Global Offshore ROV Sales Market Share by Players (2016-2018)
3.2 Global Offshore ROV Revenue Market Share by Players
3.2.1 Global Offshore ROV Revenue by Players (2016-2018)
3.2.2 Global Offshore ROV Revenue Market Share by Players (2016-2018)
4 DC Offshore ROVDC by Regions
4.1 Offshore ROV by Regions
4.1.1 Global Offshore ROV Consumption by Regions
4.1.2 Global Offshore ROV Value by Regions
4.2 Americas Offshore ROV Consumption Growth
4.3 APAC Offshore ROV Consumption Growth
4.4 Europe Offshore ROV Consumption Growth
TOC continue…
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Remotely operated vehicles (ROVs) are a vital part of underwater activities. The offshore industry could not function without them as ROVs perform crucial installation, inspection, maintenance, and decommissioning of subsea infrastructure.
Scope of the Report:
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