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Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report

The report “The World ROV Market” available at http://www.reportbuyer.com/go/DWW00024 forecasts that following a softening of expenditure throughout 2009 a significant increase in work-class remotely operated vehicle (ROV) activity will occur over the period 2010 – 2014.

“The World ROV Market” describes the development of the ROV industry and gives many examples of the various types technologies involved. The report discusses the fundamental technologies of positioning and obstacle avoidance, including the main ROV components such as umbilical cables, tooling, survey sensors, cameras and manipulators.

The 140 page report identifies 2009 expenditure on ROV services in the global work-class market at $1.7 billion. It forecasts rapid recovery and expenditure from a 2009 low, growing to $3.2 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 and subsea expenditure as well as innovative subsea processing technologies.

The report “The World ROV Market” is available from Report Buyer at:

http://www.reportbuyer.com/energy_utilities/oil_gas/exploration_production/world_rov_market.html

Report Buyer product ID: DWW00024

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