Research into the ROV market

Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. Observation, one of the segments analysed and sized in this study, displays the potential to grow at over 3.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Poised to reach over US$462 500 by the year 2025, observation will bring in healthy gains adding significant momentum to global growth.

While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the US will maintain a 4.4% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$16 000 to the region's size and clout in the next 5 to 6 years. Over US$51 200 worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, observation will reach a market size of US$33 000 by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 3.2% over the next couple of years and add approximately US$35 200 in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include: DOF Subsea As; Deep Ocean Engineering; International Submarine Engineering (Ise); Oceaneering International; Saipem S.P.A. and TechnipFMC Plc.

Read the article online at: https://www.worldpipelines.com/business-news/09082019/research-into-the-rov-market/