Remotely Operated Vehicles (ROVs) Market Report To 2015

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Whitepaper on 16/03/2011

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

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 focussed 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 Systems’ 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 IOC’s 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.

Report Contents:

  • Executive Summary provides a concise and comprehensive executive overview of the complete market sector by reviewing the full text and providing a succinct reference guide to the report
  • Macro Overview reviews the drivers behind the offshore industry, including such issues as the effects of the credit market turmoil, the reactions of oil companies and oil services, an outlook on offshore frontiers and the potential impact of game changers including unconventional gas and frontier regions of exploration
  • Global Business Overview provides a review of the oil, gas, wind farm and communications work class ROV market. Key sources of global ROV demand are highlighted and analysed. Demand is broken down by ROV type, market segment by life-of-field activity, market segment by facility type, water depth and region. A thorough review of the current work class ROV feet is provided by type and operator. Finally, an analysis of combined supply and demand is presented with discussion of key elements shaping the dynamic
  • Regional Demand covers the requirement for ROVs going forward. This is split by ROV type, market segment by life-of-field activity, market segment by facility type, water depth and country
  • Key Operators provides an overview of the key operators in the ROV market by active vehicles, along with details of ROV fleet numbers and recent underwater vehicle related contracts and acquisitions
  • Key Manufacturers presents an overview of the key manufacturers in the ROV market by volume. Topics such as recent sales, relationships with operators and current models are discussed
  • Appendix & Notes includes further details of model methodology and assumptions. Tables of light, medium and heavy ROV models active in the global fleet along with a list of ROV operating companies is included. Finally, the report is completed with a set of unique maps showing current and future developments across the seven key offshore regions of the world

Table of Contents: Remotely Operated Vehicles Market Report To 2015

  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • DEMAND
    • SUPPLY
    • COMBINED SUPPLY AND DEMAND
  • MACRO OVERVIEW
    • EXECUTIVE SUMMARY
    • LEADING ECONOMIC INDICATORS
      • A Robust Improvement in Overall Operating Conditions
      • Rising Hopes for Higher Consumer Spending Over 2011
    • GLOBAL OIL DEMAND OUTLOOK
      • Agencies Forecast Continued Rebound in Oil Demand
    • OECD Vs non-OECD
    • GLOBAL OIL SUPPLY OUTLOOK
      • OPEC Stays the Course
    • OIL PRICE AND VOLATILITY
      • Sustained Prices in the $90/bbl Range-but downside Risks Remain
  • REPORT INTRODUCTION
    • SCOPE OF REPORT
    • METHODOLOGY & ASSUMPTIONS
  • GLOBAL BUSINESS OVERVIEW
    • BACKGROUND
      • History
      • ROVs vs Divers
      • Types of ROV
      • Applications of ROVs
    • DEMAND
      • Oil Price
      • Drilling Activity
      • Installation
      • Inspection, Repair and Maintenance (IRM)
    • SUPPLY
      • Manufacturing Capacity
    • COMBINED SUPPLY VS DEMAND
      • Total Combined Supply and Demand
      • Inspection Work Class Combined Supply and Demand
      • Work Class Combined Supply and Demand
  • GLOBAL DEMAND
    • ROV TYPE
    • DEMAND BY WATER DEPTH
      • Total
      • Medium / Heavy Work Class
      • Inspection Work Class
    • DEMAND BY REGION
      • Total
      • Medium / Heavy Work Class
      • Inspection Work Class
    • DEMAND BY OPERATOR
    • DEMAND BY MARKET SEGMENT (1)
      • Total
      • Medium / Heavy Work Class
      • Inspection Work Class
    • DEMAND BY MARKET SEGMENT (2)
      • Total
      • Medium / Heavy Work Class
      • Inspection Work Class
  • KEY ROV OPERATORS
    • CEANEERING
    • SUBSEA 7/ACERGY
    • FUGRO-ROVTECH
    • SAIPEM
    • HELIX ENERGY SOLUTIONS (CANYON OFFSHORE)
    • HALLIN
    • DOF SUBSEA
  • KEY ROV MANUFACTURERS
    • Inspection Work Class Manufacturers
      • SAAB Seaeye
      • Sub-Atlantic
    • Medium/ Heavy Work Class Manufacturers
      • Oceaneering
      • Triton Group (inc. Perry Slingsby / Sub-Atlantic)
      • Perry Slingsby Systems (PSS)
      • SMD
      • Schilling Robotics
  • REGIONAL DEMAND
    • AFRICA
      • Demand by ROV Type
      • Demand by Water Depth
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Country
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Operator
      • Demand by Market Segment (1)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Market Segment (2)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
    • ASIA
      • Demand by ROV Type
      • Demand by Water Depth
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Country
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Operator
      • Demand by Market Segment (1)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Market Segment (2)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
    • AUSTRALASIA
        • Demand by ROV Type
        • Demand by Water Depth
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Country
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Operator
        • Demand by Market Segment (1)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Market Segment (2)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
    • EUROPE
        • Demand by ROV Type
        • Demand by Water Depth
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Country
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Operator
        • Demand by Market Segment (1)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Market Segment (2)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
    • LATIN AMERICA
        • Demand by ROV Type
        • Demand by Water Depth
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Country
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Operator
        • Demand by Market Segment (1)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Market Segment (2)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
    • MIDDLE EAST & CASPIAN
        • Demand by ROV Type
        • Demand by Water Depth
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Country
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Operator
        • Demand by Market Segment (1)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
        • Demand by Market Segment (2)
          • Total
          • Medium / Heavy Work Class
          • Inspection Work Class
    • 7 NORTH AMERICA
      • Demand by ROV Type
      • Demand by Water Depth
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Country
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Operator
      • Demand by Market Segment (1)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
      • Demand by Market Segment (2)
        • Total
        • Medium / Heavy Work Class
        • Inspection Work Class
  • 9. REGIONAL SUPPLY OVERVIEW
    • AFRICA
    • ASIA & AUSTRALIA
    • EUROPE
    • LATIN AMERICA
    • MIDDLE EAST & CASPIAN
    • NORTH AMERICA
  • KEY ROV OPERATORS
    • OCEANEERING
    • SUBSEA 7 / ACERGY
    • FUGRO-ROVTECH
    • SAIPEM
    • HELIX ENERGY SOLUTIONS (CANYON OFFSHORE)
    • HALLIN
    • DOF SUBSEA
  • KEY ROV MANUFACTURERS
    • SUPPLY BY INSPECTION CLASS MANUFACTURERS
      • SAAB Seaeye
      • Sub-Atlantic
    • SUPPLY BY WORK CLASS MANUFACTURERS
      • Oceaneering
      • Triton Group (inc. Perry Slingsby / Sub-Atlantic)
      • Perry Slingsby Systems (PSS)
      • SMD
      • Schilling Robotics
  • APPENDICES & NOTES
    • DEFINED REGIONS/COUNTRIES LIST
    • GLOSSARY, ACRONYMS & ABBREVIATIONS
      • Glossary
      • Product/Service Definitions
      • List of Acronyms & Abbreviations
    • METHODOLOGY
    • ASSUMPTIONS
      • Demand
      • Supply
    • WORK CLASS ROVS (MODELS INCLUDED IN CATEGORY)
    • INSPECTION CLASS ROVS (MODELS INCLUDED IN CATEGORY)
    • ROV OPERATORS AND FLEET ESTIMATES (BY ROV TYPE)
    • REGIONAL MAPS OF EXISTING AND FUTURE OIL AND GAS INFRASTRUCTURE

About Infield Systems Limited:

Infield is an independent energy research and analysis organisation that is dedicated to the provision of accurate; data, market sector and regional forecast reports, mapping, published maps, analysis, business advisory, business strategy and transaction support products and services to the offshore oil, gas, renewable energy and associated marine industries. Infield services clients in over 40 countries from a wide range of organisations including E&P companies, contractors, manufacturers, government agencies and financial institutions. Infield is widely acknowledged as the definitive independent information resource and has been involved in many merger, acquisition and commercial market due diligence projects.

More information:

For more information about Infield Systems' products and services including market forecast reports, data services, mapping and business strategy, analysis and transaction support then please Steve Adams .

Steve Adams
International Sales Manager | Infield Systems Limited

Telephone: +44 (0) 20 7423 5010 (direct) | +44 (0) 207 423 5000 (s/board) | +44 (0) 7773 019 569 (cell)
Email: steve.adams@infield.com | Website: http://www.infield.com


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