Global ROV exploration market: $2.5 billion industry in 2013

Press Release   •   Feb 22, 2013 15:15 GMT

The global ROV exploration market is expected to reach a value of approximately $2.458 billion in the oil and gas sectors by 2013. The past few years have seen this industry grow rapidly, due to a number of factors. The advancement of offshore technologies has lead to an increase in exploration and production spending, and increasingly complex subsea infrastructure.

As expenditure in deepwater areas and on subsea infrastructure around the world increases, ROVs will become an increasingly critical aspect of offshore oil and gas development. The positive growth forecast for the development of the deepwater market and subsea infrastructure market along with the increased focus on safety and security mean that ROVs will take on an even more important role in the oil and gas business throughout the coming decade.

We consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, our reports have a unique blend of primary and secondary sources providing informed opinion. The report provides insight into key drivers and restraints behind technological and project developments, as well as identifying leading companies. The report also provides a unique blend of qualitative analysis combined with extensive quantitative data including global and national markets forecasts from 2013-2023 - all highlighting key business opportunities.

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