High Demand for Petroleum Products to Boost Installation of Subsea Manifolds, Reports TMR
According to the report, the global market opportunity in subsea manifolds is expected to rise from US$2.83 bn in 2015 to US$3.71 bn by 2020. By application, the production manifold segment is expected to lead and account for 61.14% of the market by 2020. Europe, followed by the Middle East and Africa, is expected to lead the market by 2020.
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