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Westwood’s World Subsea Vessel Operations & Hardware Market Forecast analyses the factors influencing the global subsea market, with detailed insight on both the subsea hardware and vessel operations demand and supply trends. Hardware expenditure, vessel-day demand and expenditure are analysed, with commentary on segmented regional outputs.
Re-engineered and integrated solutions to drive subsea activities – However, pricing pressure remains
Westwood Energy’s Subsea Vessels Operations and Hardware Market Forecast Q2 data output forecasts subsea vessels operations and hardware expenditure to total $149.4bn over the 2018-2022 period. Detailed analysis indicates subsea orders over the 2018-2019 period will outstrip the previous 36 months, however, pricing is set to remain competitive
Global Subsea Vessel Operations & Hardware Expenditure 2013-2022
Contact us to access the latest Subsea Vessels Operations & Hardware databook or to arrange a review call with the analyst team.
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This update highlights the continued recovery in activity and confidence in the subsea market since the turn of the year due to a relatively stable oil price environment. This has been supported by project re-engineering coupled with improved subsea integrated offerings as a result of various M&A activities over the past 24 months. Furthermore, digitization and technological advancements in areas of field inspection and maintenance have helped streamline IMR activities due to efficiencies and speed derived from improved technology.
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