Subsea Hardware Market Shows Long-Term Growth Potential
Global Information Inc. has announced the addition of a new market research report, "The World Subsea Hardware Market Forecast 2012-2016" by Douglas-Westwood.
The subsea hardware market is expected to recover this year, following the global economic crisis and the repercussions of the Deepwater Horizon accident in 2010. Douglas-Westwood (DW) forecast that the subsea sector will continue its growth trend, reaching an annual total of $32 billion in expenditure by 2016.
Rod Westwood, Research Manager at DW, commented, "Expenditure of nearly $135 billion ...