Floating Production Systems Market Is Likely to Rise at a CAGR of 17.20% by 2019
Boosted by the increasing oil exploration initiatives and offshore drilling, the global market for floating production systems is likely to rise at a CAGR of 17.20% between 2013 and 2019. The market, which stood at US$12.6 bn in 2012, is projected to present an opportunity worth US$38.7 bn by the end of 2019.
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