Global ROV Market Growth, Trends, and Forecast (2018 – 2023) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
ROV Market – Growth, Trends, and Forecast (2018 – 2023)" report
has been added to ResearchAndMarkets.com's offering.

The global remotely operated vehicles (ROV) market is closely linked
with offshore activities in the oil & gas industry. Therefore, a drop in
offshore activity post-2014 posed a major threat to the global ROV
market growth during the last few years. From January 2015 to August
2017, the global offshore drilling rig count had come down from 371 to
219. A major decline in the rig count had been caused by decreased
offshore activities in Africa and South America, which are traditional
areas for deepwater activity.

South America, which contributes heavily to global ROV market, had
experienced a decline in offshore activity. In August 2017, 17 offshore
drilling rigs were operating in South America, out of which, 11 were
operating in Brazil, making Brazil the major player for ROV market in
the region. Deepwater projects in Brazil are expected to decline as
Petrobras, a National Oil Company and the largest oil and gas player in
Brazil, is suffering from financial crisis.

Despite low oil prices, offshore activity in China has seen a
substantial increase. China's offshore activity is mainly concentrated
in Bohai Bay, Pearl River Delta, and Beibu Gulf areas. As of May 2017,
world's 5% of the total offshore fleet was active in the country.
Growing industrialization, urbanization, and increasing per capita
income are the drivers of energy demand in the country.

Companies Mentioned

• DeepOcean AS
• DOF Subsea AS
• TechnipFMC PLC
• Forum Energy Technologies
• Fugro Subsea Services Ltd
• Helix Energy Solutions Group
• Oceaneering International Inc. S.Ab Seaeye Limited
• Soil Machine Dynamics Ltd
• Subsea 7 SA

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness – Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/fkltst/global_rov_market?w=4

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Related
Topics: Military
Unmanned Systems