Subsea Expo

Access. Connect. Grow.

Free Whitepaper Download: Remotely Operated Vehicles (ROVs): Diving Deeper as the Market Rises

18 March 2011

Free Whitepaper: "Remotely Operated Vehicles (ROVs): Diving Deeper as the Market Rises"

To coincide with the publication of the new Global Perspectives Remotely Operated Vehicles Market Report To 2017, Infield Systems have published a free whitepaper that provides some of the highlights, facts conclusions from this new report.

This new whitepaper can be downloaded free of charge from the Infield e-library simply by following this link

NEW FORECAST REPORT PUBLISHED BY INFIELD SYSTEMS

Remotely Operated Vehicles (ROVs) Market Report To 2015

The first edition of the Remotely Operated Vehicles Market Report To 2015, published by Infield Systems, provides and in-depth analysis of demand and supply for ROVs on a global and regional level. This new report is focused on the key sectors of offshore oil and gas, offshore wind and communications.

All prices shown are for hard copy printed reports and/or PDF and are exclusive of delivery and VAT where applicable.

Introductory Price:-

Single Copy: £2,500 Printed or single user PDF (PDF controlled by FileOpen)

Additional Copy: £500 Additional printed or PDF copy to the single copy above

Corporate Licence: £5,000 Two printed copies, plus an open PDF for internal company use

Buy Online


Download Leaflet & List of Contents


The ROV Market:

Infield Systemsí new ROV market report focuses on the global supply and demand for work class underwater vehicles. The in-depth study looks at demand from the oil, gas, offshore wind farm and communication sectors for ROV services. The supply side analysis provides details of light, medium and heavy work class ROV numbers and overall capabilities.

Against a backdrop of high oil prices and optimistic spending plans Infield Systems predict an increase of 43% in overall demand over the next five years to 1.3m ROV days or equivalent to 847 work class ROVs per year.

ROVs are used for a wide spectrum of activities across all life-of-field phases in the offshore oil and gas industry, offshore wind farm and communication sectors. This includes the drilling and development of wells, installation and construction of production facilities, inspection, repair and maintenance (IRM) and decommissioning. The report analyses demand from a number of these market segments and analysis is presented by categories such as: ROV type, life-of-field stage, facility type, water depth, region, country and operator. A carefully researched estimate of the current work class ROV fleet is also provided, along with analysis of the combined supply and demand position.

Drilling support, installation and IRM activities will be overwhelmingly responsible for driving the expected growth in ROV demand over the next five years. Going forward Infield Systems forecasts North America and Africa to have the largest demand for ROVs, closely followed by Latin America and Europe. It is Asia and Australasia, however, that are expected to experience the largest growth in demand between over the next five years.

As IOCs look to replace their depleting reserves, oil and gas development has been characterised by a move to ever deeper waters. This has coincided with ROVs becoming an ever more useful technology with their ability to work in depths inaccessible for divers. The demand profile by depth anticipates large rises in demand for work class ROVs capable of operating in depths greater than 1,000 metres.

The last decade has seen a remarkable growth in the number of operational ROVs around the world. Infield Systems estimate that the worldwide fleet of light, medium and heavy work class ROVs servicing global energy requirements currently stands at 887 with around 210 of these falling into the light work class category, which are suitable for inspection duties. The remaining 667 medium and heavy work class vehicles tend to be electro-hydraulic and have a higher power rating than the smaller light work class units.

The growth in ROV market has been stymied somewhat by the lull in demand seen since the global financial crisis in 2008. This downturn in demand coincided with a high number of ROVs in the market, which led to a drop in utilisation rates among some of the large operators. Infield Systems predicts that any slack in regional markets will be squeezed by the increasingly robust demand that is expected 2011 to 2015.

Why you should buy this report:

  • The Remotely Operated Vehicle (ROV) Demand model has been developed in collaboration with industry professionals, providing an accurate forecast based on function orientated metrics
  • The up to date market supply estimate has been thoroughly researched with input from key manufacturers and operators
  • It is an independent, up to the minute analysis of the ROV market
  • The report provides forecasts and historical data region by region, country by country and sector by sector, providing key metrics for both industry professionals and market analysts.