openPR Logo
Press release

Global Offshore AUV and ROV Market Likely to Grow at Over 18% CAGR through 2025, MEA to be the Leading Market

11-22-2017 09:19 AM CET | Energy & Environment

Press release from: Market Research Reports Search Engine - MRRSE

MRRSE

MRRSE

The global offshore AUV and ROV market is likely to witness robust double-digit growth during the forecast period 2017-2025, on account of increasing emphasis on deep water reserve exploration activities. The global offshore AUV and ROV market is likely to grow at an impressive CAGR of over 18% and surpass US$ 9 Bn in revenues by the end of 2025. A new research report titled “Offshore AUV & ROV Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the comprehensive database of Market Research Reports Search Engine (MRRSE). The report offers detailed insights on how adoption of AUV and ROV is likely to grow over the course of the forecast period.

Free Copy of Sample Report @ https://www.mrrse.com/sample/3816

The adoption of ROV in the oil and gas industry is likely to witness an increase on account of growing efforts to explore deep water reserves. ROVs will continue to witness increasing employment in the oil and gas industry, as countries around the world increase the efforts to decrease their reliance on oil imports. AUVs are likely to find growing applications to navigate obstructions and wrecks.

To offer readers detailed insights into the global offshore AUV and ROV market, the report offers segment-wise analysis. The report has segmented the market on the basis of product type, propulsion system, application, and geography. On the basis of propulsion system, the market has been segmented into hybrid, mechanical, electrical, and others. Among these segments, demand for electric propulsion systems is likely to remain significant during the forecast period. Electric propulsion systems are cost-effective, which is a key factor that is boosting their demand among end-users. By product type, the report has segmented the market on the basis of AUV and ROV. Among these two, demand for ROV is significantly higher than AUV, with the former accounting for nearly 77% revenue share of the market. AUV and ROVs find applications in a wide range of end-use industries, including oil & gas, scientific research, commercial, and others. Among these, adoption for AUV and ROV in the oil & gas sector continues to remain high, and the status quo is likely to remain so during the forecast period.

Read Full Report with TOC @ https://www.mrrse.com/offshore-auv-rov-market

Middle East & Africa (MEA) remains one of the leading markets for offshore AUV and ROV globally. Presence of large number of oil and gas wells in the region has necessitated the need for AUV and ROV systems. Latin America is another key market, and is likely to offer a host of opportunities to players during the forecast period.

About MRRSE

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact

State Tower 
90, State Street 
Suite 700 
Albany, NY - 12207 
United States
Telephone: +1-518-730-0559 
Email: sales@mrrse.com
Website: https://www.mrrse.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Offshore AUV and ROV Market Likely to Grow at Over 18% CAGR through 2025, MEA to be the Leading Market here

News-ID: 827726 • Views:

More Releases from Market Research Reports Search Engine - MRRSE

Global Video Event Data Recorder Market: Industry Analysis and Opportunity Assessment, 2016-2026
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. To Get Sample Report @ https://www.mrrse.com/sample/2941 The global video event data recorder (VEDR)
Global Octabin Market key Insights Based On Product Type, End-use and Regional Demand Till 2026
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Get Sample Report with More Info @ https://www.mrrse.com/sample/16143 Packaging solutions for bulk cargo are gaining fast
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Supporting Growth through 2025
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Click here – Request Sample Report @ https://www.mrrse.com/sample/3126 Application of ion beam was rarely found
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harcor Security Seals Pty Ltd, Adsure Packaging Ltd, ITW Envopak Limited, ProAmpac Holdings, LLC, Dynaflex Pvt. Ltd, KOROZO Ambalaj San.ve Tic A.S
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.

All 5 Releases


More Releases for ROV

Remote Operated Vehicle (ROV) Market Growth and Forecast 2031
According to the report, the global remote operated vehicle (ROV) market is projected to surpass US$ 1.22 Bn by 2031, expanding at a CAGR of 3.11% during the forecast period. Remote operated vehicles (ROVs) are tethered or un-tethered underwater vehicles used for ocean exploration and marine construction. These vehicles can be self-propelled or propelled by ship for remote viewing of the subsea environment, construction, and performing repair and construction activities
AUV and ROV Market (2021-2025) | Oligopolistic Conditions Pose Challenges for En …
The extraction of oil & gas (O&G) has shifted away from conventional towards subsea sources. The subsea environment is the most remote and unexplored region on the planet and holds limitless resource potential. Numerous challenges must be overcome to extract O&G from undersea methods with autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) technology entering conversations. AUV’s and ROV’s are deployed for the maintenance, repair, and inspection of offshore
Offshore Rov Market Size, Growth, Segmentation, Share, Forecast 2019-2025 
The Global Offshore Rov Market size is expected to grow at an annual average of 6.5% during 2019-2025. Remotely controlled vehicles (ROVs) are an important part of underwater activities. The offshore industry could not function without ROVs as ROVs perform critical installation, inspection, maintenance and dismantling of submarine infrastructure. Get Sample Copy of Offshore Rov Market at: https://www.orionmarketreports.com/offshore-rov-market/41704/#ert_pane1-1   The following players are covered in this report: By Type Observation class Work class Intervention class By Depth stars Less
Offshore ROV Market to exceed $943.1 Million by 2023
The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, at a CAGR of 3.27% from 2018 to 2023. The market is set to grow due to increasing offshore oil & gas discoveries in prominent countries and rise in demand for oil & gas. Browse 65 market data Tables and 42 Figures spread through 125 Pages and in-depth
Global Offshore AUV & ROV Market Research
The Global Offshore AUV & ROV Market is ready to become solid amid the estimate time frame. A portion of the conspicuous patterns that the market is seeing incorporate progressions in electrical engine innovation, flow drift in the sustainable area including the establishment of seaward breeze cultivate locales and expanding vitality utilization. Get sample copy of report : https://www.marketdensity.com/contact?ref=Sample&reportid=6261 Table of Contents 1 Offshore AUV & ROV Market Overview 1.1 Product
United States Offshore ROV Market Develop business strategies
MarketResearchReports.Biz adds “United States Offshore ROV Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Offshore ROV and the growth estimates for the forecasted period. 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: This