Bharat Book Bureau

The global ROV market has been growing rapidly over the last years. The primary reason for this development has been the advancement in offshore technologies which has lead to the introduction of more complex subsea infrastructure and to an increase in exploration and production spending, particularly in deepwater and ultra deepwater regions. 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. As a consequence, determined that the value of the market for ROVs in the oil & gas industry in 2013 will reach $2,458m.

To Know More – The Market for ROVs in the Oil & Gas industry in 2013 will reach $2,458m

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