ROV Sales to Global Oil & Gas Worth $2.5B in 2013

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ROV Sales to Global Oil & Gas Worth $2.5B in 2013

Growth in sub-sea and deep-water construction markets creates strong demand

By RBR Staff

February 14, 2013

LONDON: Visiongain’s analysis indicates that the global market for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.5B in 2013.

The sector will experience strong growth over the forecast period as increasing expenditure in the deep water and subsea construction markets create strong demand for ROVs.

ROVs indispensable in deep water and ultra-deep water

The lead analyst for the ROV report on the oil & gas industry commented that ‘The market for ROVs in the oil & gas industry is a rapidly growing segment of the global offshore oil & gas…

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Article topics

Maritime · Mining & Exploration · Exploration · Business · Technology · View all topics

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