Market Research Report
World Subsea Vessel Operations & Hardware Market Forecast 2018-2022
|Published by||Douglas-Westwood||Product code||303589|
Delivery time: 1-2 business days
|World Subsea Vessel Operations & Hardware Market Forecast 2018-2022|
|Published: December 7, 2017||Content info:||
Westwood is forecasting subsea vessel operations and hardware expenditure to total $141.1bn over the 2018-2022 period. Following three weak years of order activity, the industry appears to be past the bottom of the cycle and has seen a 108% increase in greenfield project sanctioning offshore compared with 2016. This is supported by positive macro drivers in the near and long-term, albeit the recovery remains fragile and dependent on OPEC discipline.
Global Subsea Vessel Operations & Hardware Expenditure and
Vessel Day Demand 2013-2022
The ‘World Subsea Vessel Operations & Hardware Market Forecast 2018-2022’ is presented using Westwood's proprietary database, with detailed insight on both the subsea hardware and vessel day demand by vessel type in 15 distinct countries & regions. This market forecast is based on a thorough scrutiny of data which enables the forecasts to be built on a project-by-project basis enabling us to consider various market conditions which further complement our detailed evaluation of market activity and anticipated market development.