Underwater Monitoring for Oil & Gas Market 2026: Expected Rapid Growth of Industry Size and Share

MANHATTAN, N.Y. - April 4, 2023 - PRLog -- TechSci Research's report titled "Global Underwater Monitoring for Oil & Gas Market By Product, By Communication Method, By Subsea Sensor, By Monitoring System, By Region, Competition, Forecast & Opportunities, 2026" forecasts that the global market for underwater monitoring for oil and gas will exceed $1.8 billion by 2026 due to the growing need to monitor the complexities of deep-sea operations. The report further predicts that the rising number of accidents at offshore oil rigs and drilling facilities will contribute to the growth of the global underwater monitoring system for oil & gas over the next few years. The use of underwater robotics and unmanned submarines are also anticipated to aid the global market's growth.

The global underwater monitoring for oil & gas market is segmented based on Product, Communication Method, Subsea Sensor, Monitoring System, and Region. Among the Communication Methods, the FDMA communication method is expected to hold the largest market share during the forecast period, as it allocates dedicated frequencies to different stations and is easy to implement with respect to hardware resources.

Leading players in the global underwater monitoring for oil & gas market include KCF Technologies, BMT Group, Schlumberger-OneSubsea, Bowtech Products, Kongsberg Maritime, SONARDYNE, Mitcham Industries, Fugro, Force Technology, and Pulse Structural Monitoring. "The underwater monitoring for oil & gas market is expanding to various regions across the globe, and Asia-Pacific is expected to remain the largest market during the forecast period. The growth in the region can be mainly attributed to the major exploration and production operations undertaken by the world's major oil and gas companies, particularly in Myanmar and China, which is anticipated to fuel demand for underwater monitoring equipment-based applications in the coming years," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"Global Underwater Monitoring for Oil & Gas Market By Product, By Communication Method, By Subsea Sensor, By Monitoring System, By Region, Competition, Forecast & Opportunities, 2026" has evaluated the future growth potential of global underwater monitoring for oil & gas market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions.

Browse 118 market data Figures spread through 110 Pages and an in-depth TOC on "Global Underwater Monitoring for Oil & Gas Market"
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