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Global Offshore ROV Market Projected to Reach 350 Million US$ by 2025

he Offshore ROV market was valued at 220 Million US$ in 2017 and is projected to reach 350 Million US$ by 2025, at a CAGR of 5.9% during the forecast period


Los Angeles, CA -- (SBWIRE) -- 12/07/2018 -- This report presents the worldwide Offshore ROV market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report studies the Offshore ROV market

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.

In the coming years there is an increasing demand for offshore ROV in the regions of North America and Europe that is expected to drive the market for more advanced offshore ROV. Increasing of underwater fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on marine work, retrofitting and renovation of old technology, increasing adoption of offshore ROV will drive global market growth.

The consumption volume of offshore ROV is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of offshore ROV industry may not keep that fast. But it is surely forecasted that the market of offshore ROV is still promising.

The Offshore ROV market was valued at 220 Million US$ in 2017 and is projected to reach 350 Million US$ by 2025, at a CAGR of 5.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Offshore ROV.

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The following manufacturers are covered in this report:

Forum Energy Technologies


FMC Technologies

Saab Seaeye Limited






Deep Ocean Engineering, Inc.



Offshore ROV Breakdown Data by Type

Max Depth<3000m

Max Depth 3000m-4000m

Max Depth>4000m

Offshore ROV Breakdown Data by Application

Drilling Support

Construction Support

Offshore Inspection


Offshore ROV Production by Region

United States




Other Regions

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