Lewes, DE -- (SBWIRE) -- 12/07/2018 -- Global Offshore ROV market will register a 6.7% CAGR in terms of revenue, reach US$ 330 million by 2023, from US$ 220 million in 2017

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.

Over the next five years, study projects that Offshore ROV will register a 6.7% CAGR in terms of revenue, reach US$ 330 million by 2023, from US$ 220 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Offshore ROV market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Max Depth<3000m
Max Depth 3000m-4000m
Max Depth>4000m
Segmentation by application:
Drilling Support
Construction Support
Offshore Inspection
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Forum Energy Technologies
Oceaneering
FMC Technologies
Saab Seaeye Limited
Furgo
Saipem
ECA
SMD
LIGHTHOUSE SpA
Deep Ocean Engineering, Inc.
TMT
DWTEK

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Offshore ROV consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Offshore ROV market by identifying its various subsegments.
Focuses on the key global Offshore ROV manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Offshore ROV with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Offshore ROV submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 166 pages "Forecast of Global Offshore ROV Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Offshore ROV by Players, Offshore ROV by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Offshore ROV Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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