The oil spill management market size stood at USD 139.8 billion in 2022, and it is expected to exhibit a compound annual growth rate of 3.2% during 2022–2030, to reach USD 179.6 billion by 2030.
The offshore pipeline market size stood at USD 13,571 million in 2022, and it is expected to grow at a compound annual growth rate of 4.10% during 2022–2030, to reach USD 18,716 million by 2030.
The subsea production and processing systems market is growing due to high-investment and in producing regions such as Africa, Latin America and Middle East. Offshore operations on a large scale in regions such as Golden Triangle and Arctic consisting of offshore Brazil, Gulf of Mexico and offshore West Africa are acting as the opportunities for the subsea production