Underwater Monitoring System for Oil and Gas Market Will See Strong Expansion Through 2025

As per the projections of the report, the demand in the global will multiply at an impressive CAGR of 6.43% during the forecast period of 2017 to 2025. The report has evaluated that the underwater monitoring system market in the oil and gas sector was worth merely US$680.0 mn in 2016, and estimates it to accumulate a valuation of US$1881.3 mn by the end of the forecast period, i.e. 2025.

Underwater monitoring system equipment demand would continue to increase in Asia Pacific region over forecast period. The region Asia Pacific is accounted for more than 24% share in 2016. Middle East and Africa, North America and Europe are also developed market for Oil and Gas underwater monitoring equipment market are expected to expand at a moderate pace during the forecast period.

Some of the most prominent players currently operational in the global underwater monitoring system for oil and gas market are: Schlumberger-OneSubea, Kongsberg Maritime, Teledyne Marine, SONARDYNE, Fugro, Ocean Sonics, DSPComm, KCF Technologies, and Mitcham Industries.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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