October 3, 2019 - 12:58 PM EDT
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Subsea Well Access System Market Analysis, Trends, and Forecasts, 2025: Worldwide Market is Projected to Grow by US$1.2 Billion - ResearchAndMarkets.com


The "Subsea Well Access System - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Subsea Well Access System market worldwide is projected to grow by US$1.2 Billion, driven by a compounded growth of 4.9%

Rig-Base, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market.

Poised to reach over US$2.6 Billion by the year 2025, Rig-Base will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$58.8 Million to the region's size and clout in the next 5 to 6 years. Over US$53.8 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Rig-Base will reach a market size of US$200.2 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 4.6% over the next couple of years and add approximately US$195.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Aker Solutions ASA
  • Baker Hughes, Inc.
  • Drilling Services Limited
  • Dril-Quip, Inc.
  • GE Oil & Gas
  • Halliburton
  • National Oilwell Varco, Inc.
  • Oceaneering International, Inc.
  • Parker Hannifin Corporation
  • Riverstone Holdings, LLC
  • Schlumberger Ltd.
  • TechnipFMC PLC
  • Weatherford International Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/rv6oxx

Laura Wood, Senior Press Manager
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Source: Business Wire (October 3, 2019 - 12:58 PM EDT)

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