Energy analysts Douglas Westwood have forecast the market for the operation of work-class ROVs to total more than $14billion from now until 2019.
The findings represent a 19% increase on the previous five-year period.
However the findings revealed some difficult conditions in the near-term market with weaker dayrates and lower levels of utilisation.
Advances in remotely operated vehicle (ROV) technology and the challenges posed by a difficult marketplace will be among the topics under the spotlight at Subsea UK’s 2015 ROV Conference in Aberdeen on Friday.
The event, which takes place at the Village Hotel, in Kingswells, will welcome industry experts to debate global market outlook, deepwater construction, trenching and mining and operational efficiencies.
