Subsea Pumps Market to Gain Momentum from Increasing Utilization of Subsea Technologies for Oil Production
Transparency Market Research’s (TMR) recent market study on the global subsea pumps market provides valuable insights into the developments of the market between 2014 and 2020. Subsea pumping is commonly used for increased oil recovery from subsea oil and gas reservoirs, especially in low-pressure oil fields. Due to the increased utilization of subsea technologies in offshore hydrocarbon exploration projects, the subsea pumps market will rise at a healthy 7.10% CAGR from 2014 to 2020 to reach a valuation of US$1.5bn by the end of the forecast period. The global subsea pumps market was valued at US$0.9bn in 2013.The report is titled “ Subsea Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 ” and is available for sale on the company website. Get Free PDF Brochure for more Professional and Technical industry insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2876 The report points ou...