|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
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 22, 2014 11:00 AM EST Reads: 2,213
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Dec. 22, 2014 11:00 AM EST Reads: 3,028
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Dec. 21, 2014 02:00 PM EST Reads: 3,160
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 2,656
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Dec. 21, 2014 11:30 AM EST Reads: 3,186
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Dec. 21, 2014 10:00 AM EST Reads: 2,785
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Dec. 21, 2014 06:15 AM EST Reads: 3,333
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 20, 2014 08:00 AM EST Reads: 2,347
DevOps Summit 2015 New York, 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 it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Dec. 18, 2014 09:45 PM EST Reads: 2,094
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 09:00 AM EST Reads: 2,418
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
Dec. 18, 2014 06:00 AM EST Reads: 1,437
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Dec. 17, 2014 11:15 PM EST Reads: 2,353
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 11:00 PM EST Reads: 2,355
"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.
Dec. 17, 2014 08:00 PM EST Reads: 2,323
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Dec. 17, 2014 06:30 PM EST Reads: 2,323
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...
Dec. 17, 2014 11:45 AM EST Reads: 2,412
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Dec. 16, 2014 11:45 PM EST Reads: 2,313
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Dec. 15, 2014 11:45 PM EST Reads: 2,711
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.
Dec. 15, 2014 10:30 AM EST Reads: 8,265
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
Dec. 15, 2014 10:00 AM EST Reads: 3,380