The market research report on the Offshore ROV Market aims to help users discover detailed information regarding trends in the market. The report also throws light on the overview of the thorough analysis of the correlated key players active in the market, covering their competitive landscape, supply chain analysis, and latest developments like investments, expansion, technological growth, etc.
Market Insights:
The offshore ROV market was estimated at USD 754.14 million in 2022 and is likely to grow at a CAGR of 4.12% during 2023-2028 to reach USD 967.56 million in 2028.
The major drivers underpinning the market are the discoveries of offshore oil and gas in prominent economies and the increase in their demand.
What is offshore ROV?
Offshore ROVs are remote control vehicles that are used as electronic devices which are tethered underwater. These devices are unoccupied and are operated by a crew on a proximate land. These devices are usually common in offshore hydrocarbon extraction processes.
Offshore ROV is linked to a host by a neutrally buoyant tether. It helps in lengthening and shortening the tether so that the effect of the cable reaches where the underwater currents are minimized.
Here are the key players mentioned in the report –
- Oceaneering
- Subsea 7
- Fugro
- TechnipFMC
- Saipem
- Forum
- DOF
- ECA
- Deep Ocean Group
- ISE
- Deep Ocean Engineering
- AC-CESS
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