Subsea Pumps Market to Gain Momentum from Increasing Utilization of Subsea Technologies for Oil Production
The global subsea pumps market provides valuable insights into the developments of the market between 2014 and 2020. Subsea pumping is commonly used for increased oil recovery from subsea oil and gas reservoirs, especially in low-pressure oil fields. Due to the increased utilization of subsea technologies in offshore hydrocarbon exploration projects, the subsea pumps market will rise at a healthy 7.10% CAGR from 2014 to 2020 to reach a valuation of US$1.5bn by the end of the forecast period. The...
View full press release