Rising Global Demand for Oil and Gas Drives Demand for Subsea Pumps: Market to Be Worth US$1.5 Bn by 2020
The global subsea pumps market and presents an insight into the future of the market over the period between 2014 and 2020. Subsea pumping, a common method for enhancing oil recovery from subsea oil and gas repositories, is especially considered highly beneficial in low-pressure oilfields. The report states that the market for subsea pumps will grow at a healthy 7.1% CAGR between 2014 and 2020, as a result of which the market, valued at US$0.9 bn in 2013, will rise...
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