ROV World Market Restores
Building on previous versions of The World ROV Market Report, this new edition from industry analysts Douglas-Westwood forecasts that following a softening of expenditure throughout 2009 a significant increase in work-class activity will occur over the period 2010 - 2014.
The World ROV Market Report 2010-2014 identifies 2009 expenditure on ROV services in the global work-class market at USD1.7 billion. The report forecasts rapid recovery and expenditure from a 2009 low, growing to USD3.2 billion by 2014. Increase in ROV demand and the attrition of the existing fleet will require over 550 new work-class units over the next five years - driven by the industry's push into deepwater and the increased necessity of work-class ROVs in today's industry.
The report identifies and charts key underlying drivers and defines their influence on the global work-class ROV market, including global energy demand, oil supply, production profiles, offshore expenditure, drilling activity, rig availability, deepwater & subsea expenditure and innovative subsea processing technologies.
The report considers recent developments in the market and identifies key consolidation of work-class ROV operators. Fleet ownership and appendices outline significant companies, both vehicle operators and technology providers.
The World ROV Market Report is geared to the needs of the senior executive and assumes no previous reader knowledge of the subject area. The study describes the development of the industry and gives many examples of the various types of ROVs and the technologies involved. Individual sections discuss the fundamental technologies of positioning and obstacle avoidance; main ROV components such as umbilical cables, tooling, survey sensors, cameras and manipulators.
