|By PR Newswire||
|January 8, 2014 06:31 AM EST||
NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Remotely Operated Vehicles (ROV) in the Energy Industry 2014-2024
Remotely operated vehicles (ROVs) are an integral part of almost all underwater activity conducted by the energy industry. The offshore industry of today could not function without them as ROVs perform crucial installation, inspection, maintenance, and decommissioning of subsea infrastructure. As activities in the offshore environment become more complex and the volume of such tasks increases, so does the demand on ROVs. Consequently, visiongain forecasts strong spending growth on ROV services and new builds.
Europe is the only region that will see declining demand for ROV services as North Sea production and drilling activity declines. However, decommissioning and maintenance activity supports spending levels.
Deepwater and ultra-deepwater E&P is underpinning spending on ROV services. Drill support activity and the installation of subsea infrastructure are then complemented by inspection and maintenance activity. The drive to enhance the life of reservoirs is also increasing the amount of tasks performed per year by the current ROV fleet. Utilisation rates are up and the fleet continues to expand year-on-year.
Ageing infrastructure is increasing the amount of decommissioning and maintenance activity required offshore. Higher safety standards, especially in North America post-Macondo, are also increasing the frequency with which such activities are executed. To carry out such work, more ROVs are needed.
Offshore gas developments, especially offshore Australia, in the Eastern Mediterranean and East Africa, are creating new demand for ROV services. They are trends that will play a larger role determining ROV spending in the future as the cost of extracting and processing gas from remote offshore fields has a lower cost burden (re FLNG).
Visiongain calculates that spending on ROVs will total $2,496m in 2014. The ROV market is composed of spending on (1) ROV operations and services and (2) new build ROVs. The latter is driven by demand for the former, although low retirements for ROVs and the ability to improve and adapt current vehicles puts a downward pressure on new build spending.
Why you should buy The Remotely Operated Vehicles (ROV) in the Energy Industry 2014-2024
What is the future of the remotely operated vehicles market? Visiongain's comprehensive analysis contains highly quantitative content delivering solid conclusions benefiting your analysis and illustrates new opportunities and potential revenue streams helping you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
Avoid falling behind your competitors, missing critical business opportunities or losing industry influence. In our new report you will discover forecasts from 2014-2024 for ROV services and new builds divided by ROV type and region. The report also comprehensively lays out the market drivers and restrainers, risks and trends, and leading companies and their strategies in order to help the reader make a balanced decision regarding their investment or involvement. Read on to discover the future market prospects for the ROV market.
Why choose visiongain business intelligence?
Visiongain's increasingly diverse sector coverage strengthens our research portfolio. The growing cross-sector convergence of key verticals and the interplay of game changing technologies across hitherto unrelated industries are creating new synergies, resulting in new business opportunities for you to leverage.
As such, visiongain's team of London based in-house analysts offer a wealth of knowledge and experience to inform your strategic business decisions. Let visiongain guide you.
We guarantee that you will receive key information which will benefit you in the following way
• View market forecasts and analysis of ROV new builds and services from 2014-2024 to keep your knowledge ahead of your competition and ensure you exploit key business opportunities
- The report provides detailed spending projections for the market ($US), the competitors, and the commercial drivers and restraints allowing you to more effectively compete in the market. In addition to market forecasts from 2014-2024, our new study shows current market data, and market shares.
- You will also discover original critical analysis, revealing insight into commercial developments.
• Why struggle to find key market data? Why miss crucial information? Our comprehensive report provides instant market insight
- Our 201 page report provides 156 tables, charts and graphs. Let our analysts present you with a thorough assessment of the current and future ROV market prospects.
- This analysis will enable quicker, easier understanding. You will also gain from our analyst's industry expertise, allowing you to demonstrate your authority on the ROV sector.
• Visiongain is one of the few business intelligence companies that provide full transcripts of primary research company interviews. Be part of this knowledge. Learn what industry thought leaders are thinking. Leaders hold critical information
- By reading the exclusive expert interviews contained in the report you will keep up to speed with what is really happening in the industry. Don't fall behind. You will gain a thorough knowledge of the ROV sector, finding strategic advantages for your work and learning how your organisation can benefit.
- Read the full transcript of an exclusive expert opinion interview from a leading ROV industry specialist informing your understanding and allowing you to assess prospects for investments and sales:
• Understand the prospects for the leading regional ROV markets, in spending on new builds and services, as well as a breakdown of spending on different types of ROV - where will the greatest spending and best opportunities occur?
• Highlights of the report include:
- Forecast and analysis for the global ROV market
- Forecast and analysis for spending by the energy industry on global ROV operations and services market, together with the following geographical regions, from 2014 to 2024:
• Asia Pacific
• North America
• Rest of the World
• South America
- Forecast and analysis of CAPEX on ROV new builds for the energy industry from 2014 to 2024, including spending by the following geographical regions:
• North America
- Forecast and analysis for CAPEX on Observation, Inspection and Light Work-Class ROVs for the energy industry.
- Forecast and analysis for CAPEX on Medium and Heavy Work-Class ROVs for the energy industry.
- Forecast and analysis for CAPEX on AUV new builds for the energy industry from 2014 to 2024.
- A barriers to entry analysis by:
• geographical market space in which ROVs will be utilised
• new build ROV type
- PEST analysis of the market
- Expert opinion from a key-opinion leader within the market
- Analysis of leading companies operating in the market and an assessment of their future outlook.
- A breakdown of the current ROV fleet by
• ROV type
• ROV operator
- Forecasts of future ROV fleet numbers by operator.
- Specification of main decommissioning legislation driving ROV spending in each region
- Specification of main current subsea installation and drilling projects by region, with current status
• Explore the factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics.
- Receive a PEST analysis identifying the political, economic, sociological and technological factors affecting spending in the ROV market from 2014 onwards:
- Oil price considerations
- The importance of government regulations
- Emerging trends in the offshore environment, such as the mobile offshore drilling, decommissioning and deepwater and ultra-deepwater markets.
• Identify who the leading companies are in the ROV market
- Our report reveals the most important companies in the market and provides an assessment of the future outlook for each. In particular, by exploring and analysing the activities of these companies you can see where the expected gains will be. Gain a thorough understanding of the competitive landscape with profiles of the 16 leading ROV manufacturers and operators worldwide, examining their ROV products, fleet and future prospects:
- Canyon Offshore
- DeepOcean Group
- DOF Subsea
- Forum Energy Technologies
- Halling Marine
- IKM Subsea
- Oceaneering International
- Saab Seaeye
- Schilling Robotics
- Soil Machine Dynamics (SMD)
- Subsea 7
Discover Information found nowhere else in this independent assessment of the ROV market
The Remotely Operated Vehicles (ROV) in the Energy Industry 2014-2024 report provides impartial ROV market analysis. With the independent business intelligence found only in our work, you will discover where the prospects are for profit. In particular, our new research provides you with key strategic advantages: Our informed forecasts, independent and objective analysis, and exclusive interview and revealing company profiles will provide you with that necessary edge, allowing you to gain ground over your competitors.
With this report you are less likely to fall behind in knowledge or miss crucial business opportunities. You will save time and receive recognition for your market insight. See how this report could benefit you and enhance your research, analysis, company presentations and ultimately your individual business decisions and your company's prospects.
What makes this report unique?
Visiongain consulted widely with leading industry experts and a full transcript of an exclusive interview with Saab-Seaeye is included within the report.
Visiongain's research methodology involves an exclusive blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report therefore presents an ideal balance of qualitative analysis combined with extensive quantitative data including forecasts by ROV type and ROV services by region from 2014-2024
The forecasts in this report utilise a method that focuses on synthesising and translating a range of factors and data points to quantify spending on ROVs going forward; the most important of these include: ROV dayrate dynamics, utilisation rates, the cost of different types of ROV, learning curve cost reductions, the current ROV fleet make-up, macro factors affecting CAPEX in the offshore industry, and the amount and types of projects and hours required of ROVs given current and anticipated future workload. For emphasis: it is the synthesis and attribution of relative importance to each of the above elements (as well as regional trends) through which the forecast is created.
How the Remotely Operated Vehicles (ROV) in the Energy Industry 2014-2024 report can benefit you
Visiongain's report is for anyone requiring analysis of the market for ROVs in the energy industry. The report looks at CAPEX on ROV new builds by type and ROV services by region. You will discover market forecasts, technological trends, predictions and expert opinion providing you with independent analysis derived from our extensive primary and secondary research. Only by purchasing this report will you receive this critical business intelligence revealing where CAPEX growth is likely and where the lucrative potential market prospects are. Don't miss this key opportunity to gain a competitive advantage.
1. Executive Summary
1.1 Global ROV Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology & Market Definition
1.5 Global ROV Market Forecast 2014-2024
1.6 Regional ROV Market Forecasts 2014-2024
1.7 Global AUV Market Forecast 2014-2024
2. Introduction to the ROV Market
2.1 Remotely Operated Vehicles in the Energy Industry
2.2 Brief History of ROVs
2.3 Types of ROV
2.4 ROV Tasks in the Energy Industry
2.5 ROVs in the Energy Market: Market Definition and Structure
3. Global Market Forecast for ROVs in the Energy Industry 2014-2024
3.1 What Are the Core Drivers and Restraints Affecting CAPEX on ROV Operations, Services and Construction Worldwide?
3.2 What Activity Type is Currently the Most Important to Spending on ROVs?
3.3 ROV Demand Cycle
3.4 What Are The Most Prominent Regional Trends In The Energy Industry Affecting CAPEX On ROVs?
4. ROV Submarket Forecasts 2014-2024
4.1 Global ROV Operations/Services Submarket 2014-2024
4.1.1 How Will Offshore Oil and Gas E&P Activity Affect ROV Utilisation Rates?
4.1.2 How Much Demand Growth is Expected for Offshore Maintenance/Inspection Activity and What Impact Will This Have on ROV Demand?
4.1.3 How Does the Decommissioning Market Affect the ROV
4.1.4 What Are The Main Restraints on the ROV Operations and Services Submarket?
4.2 Global CAPEX on New Build ROVs 2014-2024
4.2.1 Drivers and Restraints on ROV New Build CAPEX
4.2.2 Who Manufactures ROVs?
4.2.3 Which Regions Contain Dominant ROV Manufacturers and Why?
4.2.4 How Likely Is It That There Will Be An Increase in the Regional Diversity of ROV Construction?
4.3 Global CAPEX on New Build Observation, Inspection and Light Work Class ROVs for the Energy Industry
4.4 Global CAPEX on Medium- and Heavy-Work Class ROVs for the Energy Industry
5. Regional ROV Market Forecasts 2014-2024
5.1 ROV Markets Barriers to Entry Analysis
5.1.1 Regional Markets Barriers to Entry Analysis
5.1.2 What Are The Barriers to Becoming a Manufacturer and/or Operator of an ROV(s)?
5.1.3 ROV Submarket Barriers to Entry Analysis
5.2 ROVs in the European Energy Industry Market Forecast 2014-2024
5.2.1 Drivers and Restraints on the European ROV Market
5.2.2 Major European Subsea Hardware Installation and Offshore Drilling Projects
5.2.3 How Great Will Offshore Maintenance Requirements Be in Europe?
5.2.4 How Important is Offshore Decommissioning to ROV Demand in Europe?
5.2.5 UK Offshore Decommissioning
5.2.6 Norwegian Decommissioning
5.2.7 Will A Slowdown in Offshore E&P Activity to Affect European ROV Demand?
5.3 ROVs in the North American Energy Industry Market Forecast 2014-2024
5.3.1 Drivers and Restraints on the North American ROV Market
5.3.2 Major North American Subsea Hardware Installation and Offshore Drilling Projects
5.3.3 What Influence Will Safety Regulations Have on ROV Demand in the Gulf of Mexico?
5.3.4 What Will The Impact of Mexican Constitutional Changes Be On ROV Demand?
5.3.5 What Impact Will Decommissioning Activity In The Gulf of Mexico Have On The North American ROV Market?
5.4 ROVs in the South American Energy Industry Market Forecast 2014-2024
5.4.1 Drivers and Restraints on the South American ROV Market
5.4.2 Major South American Subsea Hardware Installation, FPSO Installation and Offshore Drilling Projects
5.5 ROVs in the African Energy Industry Market Forecast 2014-2024
5.5.1 Drivers and Restraints on the African ROV Market
5.5.2 Which Offshore Spaces Around Africa Will See The Greatest Increase in ROV Demand
5.5.3 Major African Subsea Hardware Installation and Offshore Drilling Projects
5.5.4 Challenges To The Development of an East African Offshore Industry
5.6 ROVs in the Asia Pacific Energy Industry Market Forecast 2014-2024
5.6.1 Drivers and Restraints on the Asia-Pacific ROV Market
5.6.2 Major Asia Pacific Subsea Hardware Installation and Offshore Drilling Projects
5.6.3 How Important is Decommissioning Activity in the Asian Pacific Region to ROV Spending?
5.7 Market Forecast for ROVs in the Energy Industry of the Rest of the World 2014-2024
5.7.1 Major Subsea Hardware Installation and Offshore Drilling Projects in the Rest of the World
6. Autonomous Underwater Vehicles in the Energy Industry
6.1 Autonomous Underwater Vehicles (AUVs)
6.2 Global Market Forecast of AUVs for the Energy Industry 2014-2024
6.2.1 Amount of AUVs Utilised in by the Energy Industry
6.2.2 Global Drivers & Restraints on AUV Use by the Energy Industry
6.2.3 AUV CAPEX vs. ROV CAPEX
7. PEST Analysis of the ROV Market 2014-2024
8. Expert Opinion
8.1 Saab Seaeye
8.1.1 Saab Seaeye in the ROV Market
8.1.2 The Evolution of the ROV/AUV Markets
8.1.3 Improving HSQE Standards Offshore and the ROV Market
8.1.4 Are ROVs Becoming Increasingly Specialised Or Is Their Functionality Range Increasing?
8.1.5 What Are The Reasons For An ROV To Be Retired?
8.1.6 What Limitations Are There On The ROV Market?
8.1.7 ROV Price Variability
8.1.8 How Sector Specific Are ROVs?
8.1.9 Innovation in the ROV Industry
8.1.10 Will Any One Type of ROV Be In Particularly Strong Demand Going Forward?
8.1.11 Are There Any ROV Manufacturers Outside of Europe and North America?
8.1.12 Asian Pacific Competition in the ROV New Build Market
9. Leading Companies in the ROV Market
9.1 New Build ROV Manufacturers
9.1.1 Forum Energy Technologies
22.214.171.124 Future Outlook
126.96.36.199 Relevant Merger & Acquisition Activity
9.1.2 Saab Seaeye Overview
188.8.131.52 Future Outlook
9.1.3 Schilling Robotics Overview
184.108.40.206 Schilling Becomes Part of FMC Technologies
220.127.116.11 Future Outlook
9.1.4 Soil Machine Dynamics (SMD) Overview
18.104.22.168 Future Outlook
9.1.5 VideoRay Overview
22.214.171.124 Future Outlook
9.2 New Build ROV Manufacturers & ROV Service Providers/Operators
9.2.1 Fugro Overview
126.96.36.199 Future Outlook
9.2.2 Hallin Marine Overview
188.8.131.52 Future Outlook
9.2.3 IKM Gruppen (IKM Subsea) Overview
184.108.40.206 Future Outlook
9.2.4 Oceaneering International Inc. Overview
220.127.116.11 Future Outlook
18.104.22.168 Drill Support and the MODU Market
9.2.5 Subsea 7 S.A. (incl. i-Tech) Overview
22.214.171.124 Future Outlook
9.3 ROV Service Providers/Operators
9.3.1 Canyon Offshore Overview
126.96.36.199 Future Outlook
9.3.2 DeepOcean Group Overview
188.8.131.52 Future Outlook
9.3.3 DOF Subsea Overview
184.108.40.206 Future Outlook
9.3.4 Harkand Overview
9.3.5 Saipem Overview
220.127.116.11 Future Outlook
9.3.6 Technip Overview
18.104.22.168 Future Outlook
9.4 Other Leading Companies in the Market
10. Conclusions & Recommendations
10.1 Global ROV Market Outlook `
10.2 Global ROV Market Drivers & Restraints
10.3 Global and Submarket ROV Forecasts 2014-2024
10.4 Leading Regional Market Forecasts 2014-2024
List of Tables
Table 1.1 Global ROV Submarket Forecast Summary 2014, 2019, 2024 ($m, CAGR %)
Table 1.2 Regional ROV Market Forecasts Summary 2014, 2019, 2024 ($m, CAGR %)
Table 3.1 Global Market Forecast 2014-2024 ($bn, AGR %, CAGR%, Cumulative)
Table 3.2 Global ROV Market Drivers and Restraints
Table 4.1 ROV Submarkets CAPEX Forecast, by region, 2014-2024 ($m, AGR %, CAGR%)
Table 4.2 ROV Operations/Services CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.3 Australian LNG Export/Liquefaction Terminals Planned/Under Construction To Be Fed by North West Shelf Offshore Natural Gas (Location, Operator/Owner, Capacity, Construction Cost $, Construction Period)
Table 4.4 Regulation with Affect on Offshore Decommissioning (Name of Regulation, Description of Regulation)
Table 4.5 Regional Offshore Oil and Gas Decommissioning Market Forecasts Summary 2013, 2018, 2023 ($m), 2013-2023 CAGR (%)
Table 4.6 ROV New Build CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.7 ROV New Build Drivers and Restraints
Table 4.8 Observation, Inspection and Light Work Class CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.9 Medium- & Heavy Work Class ROV New Build CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 5.1 Regional ROV Market Forecast 2014-2024 ($m)
Table 5.2 European ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)
Table 5.3 European ROV Market Drivers & Restraints
Table 5.4 Major Norwegian Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority Partner, Status)
Table 5.5 Major UK Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority Partner, Status)
Table 5.6 Major European Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway (Project, Majority Partner, Country, Status)
Table 5.7 Current Contracts and Projects in the UK North Sea (Area, Operator, Estimated Costs, Estimated Period)
Table 5.8 Structure Characteristics of the Brent Field
Table 5.9 Major Projects Considered for Decommissioning (Location, Operator, Status)
Table 5.10 North American ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)
Table 5.11 North American ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)
Table 5.12 North American ROV Market Drivers & Restraints
Table 5.13 Status of Major North American Drill Support and Subsea Hardware Installation Projects Requiring ROVs (Project, Majority Partner, Country, Status)
Table 5.14 South American ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.15 South American ROV Market Drivers & Restraints
Table 5.16 Major South American Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority Partner, Country, Status)
Table 5.17 Current Brazilian FPSO Projects (Owner, Location, Field Operator, Status, Earliest Operation)
Table 5.18 Recent & Upcoming Offshore Licensing Rounds in South America
Table 5.19 African ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.20 African ROV Market Drivers & Restraints
Table 5.21 Major African Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway (Project, Majority Partner, Country, Status)
Table 5.22 East African Countries' Global Competitiveness Report 2012-2013 Scores
Table 5.23 East African Countries' Doing Business 2013 Scores
Table 5.24 East African Countries' Corruption Perception Index 2012 Scores (Out of 174)
Table 5.25 Asia Pacific ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.26 Asia Pacific ROV Market Drivers & Restraints
Table 5.27 Major Asia-Pacific Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway (Project, Majority Partner, Country, Status)
Table 5.28 Recent Offshore Licensing Rounds in Asia Pacific
Table 5.29 Rest of the World ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.30 Major Subsea Hardware Installation and Offshore Drilling Projects in the Rest of the World
Table 6.1 Global AUV Market Forecast 2014-2024 ($m, AGR %, CAGR%, Cumulative)
Table 6.2 Global Drivers & Restraints on AUV Use by the Energy Industry
Table 7.1 PEST Analysis of the Market 2014-2024
Table 9.1 Leading Companies in the ROV Market by Type (Manufacturers, Manufactures/Service Providers, ROV Services)
Table 9.2 Forum Energy Technologies (FET) Overview (Total Revenue (2012), Submarket, HQ, Website)
Table 9.3 Forum Energy Technologies Product Overview
Table 9.4 Saab Seaeye Overview (Revenue, Submarket, HQ, Website)
Table 9.5 Saab Seaeye Product Overview
Table 9.6 Schilling Robotics Overview (Submarket, HQ, Website)
Table 9.7 Schilling Robotics Product Overview
Table 9.8 Soil Machine Dynamics Overview (Revenue, Submarket, HQ, Website)
Table 9.9 Soil Machine Dynamics Product Overview
Table 9.10 VideoRay Overview (Revenue, Submarket, HQ, Website)
Table 9.11 VideoRay Product Overview
Table 9.12 Fugro Overview (Revenue, Contract Backlog, Number of ROVs, Submarket, HQ, Ticker, Website)
Table 9.13 Fugro ROVs (Model, Type, Depth Rating, Payload, Power, Manipulators)
Table 9.14 Hallin Marine Overview (Revenue, ROVs, Submarket, HQ, Ticker, Website)
Table 9.15 Hallin Products (Model, Type, Depth Rating, Payload, Power)
Table 9.16 IKM Gruppen Overview (Revenue, ROVs, Submarket, HQ, Website)
Table 9.17 Major IKM Gruppen Recent and Ongoing Projects (Client/Country, Value, Date, Details)
Table 9.18 Oceaneering International Inc. Overview (Total Revenue, Revenue from Market, % Revenue From Market, ROVs, Submarket, HQ, Ticker, Website)
Table 9.19 Oceaneering International Inc. Product Overview
Table 9.20 MODU Submarket Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
Table 9.21 Subsea 7 (incl. i-Tech) Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.22 Subsea 7 & i-Tech ROV Overview (Model, Type, Depth Rating, Payload, Power, Manipulators)
Table 9.23 Canyon Offshore Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.24 DeepOcean Overview (ROVs, Submarket, HQ, Website)
Table 9.25 North Sea Offshore Oil and Gas Decommissioning Market Forecasts 2013, 2018, 2023 ($m), 2013-2023 CAGR (%)
Table 9.26 DOF Subsea Overview (Operating Income, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.27 DOF Subsea Vessel Orders (Vessel, Yard, Delivery, Type, Contract)
Table 9.28 Harkand Overview (Submarket, HQ, Website)
Table 9.29 Saipem Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.30 Technip Overview (Total Revenue (2011), Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.31 Other Leading Companies in the ROV Market 2013 (Company, Involvement in the ROV Market)
Table 10.1 Global ROV Market Drivers and Restraints
Table 10.2 Global ROV Submarket Forecast Summary 2014, 2019, 2024 ($m, CAGR %)
Table 10.3 Regional ROV Market Forecasts Summary 2014, 2019, 2024 ($m, CAGR %)
List of Figures
Figure 2.1 Unmanned Underwater Vehicles Overview
Figure 2.2 Approximate ROV Market Share by Industry Sector 2013 (%)
Figure 2.3 Offshore Tasks Supported by ROVs
Figure 2.4 ROV Market Structure Overview
Figure 3.1 Global ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 3.2 ROV Demand Cycle against CAPEX (Markets Forecast in Bold)
Figure 4.1 ROV Submarkets CAPEX Forecast, 2014-2024 ($m, AGR %)
Figure 4.2 ROV Operations/Services CAPEX Forecast, 2014-2024 ($m, AGR %)
Figure 4.3 ROV Operations/Services Market Forecast by Region 2014-2024 ($m)
Figure 4.4 ROV Operations/Services Market Forecast by Region 2014-2024 ($m)
Figure 4.5 ROVs Submarkets by Region Market Share, 2014 (%)
Figure 4.6 ROVs Submarkets by Region Market Share, 2019 (%)
Figure 4.7 ROVs Submarkets by Region Market Share, 2024 (%)
Figure 4.8 ROVs Submarkets (New Build vs. Operations/Services) Market Share 2014, 2019, 2024 (%)
Figure 4.9 Offshore 'Golden Triangle' Oil and Gas Reserves (bn bbl, tcf)
Figure 4.10 Crude Oil Spot Prices, 2003-2014 ($/bbl)
Figure 4.11 Proven and Unproven Offshore Oil & Gas Reserves in the World
Figure 4.12 Global Distribution of Offshore Oil and Gas Installations (%)
Figure 4.13 North Sea Oil Production, 1999-2012 (Thousand bpd)
Figure 4.14 ROVs Submarkets (New Build vs. Operations/Services) Market Share 2014, 2019, 2024 (%)
Figure 4.15 ROV New Build CAPEX Forecast 2014-2024 ($m, AGR%)
Figure 4.16 Observation, Inspection and Light Work Class vs. Medium- to Heavy- Work Class Ratio (%)
Figure 4.17 Observation, Inspection and Light Work Class Market Share Forecast 2014-2024 ($m, AGR%)
Figure 4.18 Medium- & Heavy Work Class ROV New Build CAPEX Forecast 2014-2024 ($m, AGR%)
Figure 4.19 Observation, Inspection and Light Work Class vs. Medium- to Heavy- Work Class Ratio (%)
Figure 4.20 ROV Fleet Makeup, 2007 (Observation & Mini Inspection vs. Inspection, Observation, Search & Survey and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)
Figure 4.21 ROV Fleet Makeup, 2010 (Observation & Mini Inspection vs. Inspection, Observation, Search & Survey and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)
Figure 4.22 ROV Fleet Makeup, 2013 (Observation & Mini Inspection vs. Inspection, Observation, Search & Survey and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)
Figure 4.23 ROV Fleet Share Change %, 2007-2013 (Observation & Mini Inspection vs. Inspection, Observation, Search & Survey and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)
Figure 4.24 ROV Medium and Heavy Work Class Fleet by Owner/Operator (Number of Units)
Figure 5.1 Regional ROV Market Forecasts 2014-2024 ($m)
Figure 5.2 Leading Regional Markets Share Forecast 2014 (%)
Figure 5.3 Leading Regional Markets Share Forecast 2019 (%)
Figure 5.4 Leading Regional Markets Share Forecast 2024 (%)
Figure 5.5 Cumulative CAPEX by Regional Market, 2014-2024 ($m, %)
Figure 5.6 Regional ROV Market CAGRs (%), 2014-19, 2019-2024, 2014-2024 ($m, %)
Figure 5.7 Regional ROV Market Share Change, 2014-2024 (%)
Figure 5.8 Barriers to Entry vs. National Market Size 2013 vs. CAGR% 2014-2024 ($m, AGR%)
Figure 5.9 European ROV Submarket Share Forecast for CAPEX on New Build ROVs 2014, 2019, 2024 (%)
Figure 5.10 European ROV Submarket Forecasts 2014-2024 ($m, AGR%)
Figure 5.11 Locations and Age of Infrastructure on the UK Continental Shelf
Figure 5.12 North Sea Oil Production, UK & Norway, 1999-2012 (Thousand bpd)
Figure 5.13 Average European Offshore Rig Count 2000-2012 (Units)
Figure 5.14 Number of Offshore UK Wells 1964-2011 (Exploration, Appraisal, Development)
Figure 5.15 North American ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.16 North American ROV Submarket Forecasts 2014-2024 ($m, AGR%)
Figure 5.17 Overview of Subsea Installation in the Gulf of Mexico
Figure 5.18 Location of Active Offshore Oil and Gas Platforms in the Gulf of Mexico
Figure 5.19 Water Depths of Active Oil & Gas Platforms in the Gulf of Mexico (% of Total)
Figure 5.20 South American ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.21 South American ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.22 African ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.23 African ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.24 Asia Pacific ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.25 Asia Pacific ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.26 Total Oil Production in Malaysia 1980-2012 (Thousand bpd)
Figure 5.27 Total Oil Production and Estimated Net Exports in Indonesia 1980 - 2012 (Thousand bpd)
Figure 5.28 Rest of the World ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.29 Rest of the World ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 6.1 Global AUV Market Forecast 2014-2024 ($m, AGR%)
Figure 6.2 AUV New Build CAPEX vs. ROV New Build CAPEX 2014, 2019, 2024 ($m, %)
Figure 9.1 Work Class ROV Fleet by Company, 2008-2013 (Number of Units, Company)
Figure 9.2 Percentage of the Work Class ROV Fleet Operated by Each Company, 2008-2013 (% of Work Class Fleet, Company)
Figure 9.3 Fugro ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.4 Oceaneering ROV Fleet Share (%), 2008 & 2013
Figure 9.5 Oceaneering ROV Fleet Share (%), 2008-2013
Figure 9.6 Oceaneering ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.7 Subsea 7 S.A. Revenue Development 2007-2012 ($m)
Figure 9.8 Subsea 7 Revenue Share by Region ($m, %) FY2012
Figure 9.9 Canyon Offshore ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.10 DOF Subsea ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.11 Technip ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.12 Technip Revenue Share by Region (%) 2012
Figure 10.1 Global ROV Submarket CAGR Forecasts 2014, 2019, 2024 (CAGR %)
Figure 10.2 Global ROV Submarket CAPEX Forecast, 2014-2024 ($m)
Figure 10.3 Global ROV Submarket CAPEX Forecast, 2014-2024 ($m)
AF Decom Offshore
AGR Field Operations Holdings AS
Antrim Energy Inc.
ATP Oil & Gas
Blade Petroleum Ltd.
Bridge North Sea
Canadian Natural Resources (CNR)
Chubu Electric Power
CNOOC China Limited
CTC Marine Projects
Deep Ocean Engineering Inc.
Det Norske Oljeselskap ASA
Energy Resource Technology
ENI UK Ltd
EOG Resources Inc.
Forum Energy Technologies
Fugro Subsea Services Limited
Gujarat State Petroleum Corporation
Heerema Marine Contractors
Helix Energy Solutions Group
Inpex Browse Ltd
Integrated Subsea Services
International Submarine Engineering
iSurvey Group AS
Kuwait Foreign Petroleum
Marathon Oil UK
MR Subsea KS
Neptune Marine Services
Oaktree Capital Management
PDL Solutions Ltd
Perenco Oil and Gas
Rialto Energy Ltd
Saab Underwater Systems AB
Semisubmersible Systems Inc.
SMD (Soil Machine Dynamics)
SNK Ocean Co. Ltd.
Soil Machine Dynamics (SMD)
Sub-Dimension Engineering Ltd
Superior Energy Services
Teledyne RD Instruments
The MacArtney Underwater Technology Group
Total E&P Australia
TS Marine Group Holdings Pty Ltd
Veolia Marine Services
Wood Group PSN
Other Organisations Mentioned in This Report
American Bureau of Shipping
Brazilian National Oil, Natural Gas and Biofuels Agency
DECC - Department of Energy & Climate Change (UK)
EIA - Energy Information Administration
Massachusetts Institute of Technology (MIT)
Norwegian Ministry of Petroleum and Energy
IMO - International Maritime Organisation
OPEC - Organisation of Petroleum Exporting Countries
United Nations (UN)
US Government's Bureau of Safety and Environmental Enforcement (BSEE)
World Economic Forum
To order this report: Remotely Operated Vehicles (ROV) in the Energy Industry 2014-2024
Contact Clare: [email protected]
Intl: +1 339-368-6001
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 10:45 AM EST Reads: 3,665
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Jan. 31, 2015 10:45 AM EST Reads: 2,718
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Jan. 31, 2015 10:45 AM EST Reads: 3,260
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Jan. 31, 2015 10:30 AM EST Reads: 2,581
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Jan. 31, 2015 10:00 AM EST Reads: 2,456
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Jan. 31, 2015 10:00 AM EST Reads: 2,918
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Jan. 31, 2015 10:00 AM EST Reads: 3,242
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Jan. 31, 2015 10:00 AM EST Reads: 3,241
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 31, 2015 09:30 AM EST Reads: 2,415
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
Jan. 31, 2015 09:00 AM EST Reads: 2,906
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
Jan. 31, 2015 09:00 AM EST Reads: 2,869
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
Jan. 31, 2015 08:45 AM EST Reads: 2,087
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Jan. 31, 2015 08:30 AM EST Reads: 3,083
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jan. 31, 2015 08:30 AM EST Reads: 3,185
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
Jan. 31, 2015 06:30 AM EST Reads: 2,003
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Jan. 31, 2015 05:45 AM EST Reads: 3,227
There is no doubt that Big Data is here and getting bigger every day. Building a Big Data infrastructure today is no easy task. There are an enormous number of choices for database engines and technologies. To make things even more challenging, requirements are getting more sophisticated, and the standard paradigm of supporting historical analytics queries is often just one facet of what is needed. As Big Data growth continues, organizations are demanding real-time access to data, allowing immediate and actionable interpretation of events as they happen. Another aspect concerns how to deliver ...
Jan. 31, 2015 03:00 AM EST Reads: 3,511
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Jan. 31, 2015 02:00 AM EST Reads: 8,112
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Jan. 31, 2015 02:00 AM EST Reads: 3,126
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
Jan. 31, 2015 01:00 AM EST Reads: 2,967