Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,685.1 Million | USD 3117.9 Million | 10.8 % | 2021 |
FrequentlyAsked Questions
Increasing demand for oil and gas and rising maturity of offshore and onshore fields are major trends that guide subsea pumps market growth.
According to the Market Research report, the global subsea pumps market size was worth about US$ 1,685.1 million in 2021 and is predicted to grow to around US$ 3117.9 million by 2028, with a compound annual growth rate (CAGR) of around 10.8 percent.
The Latin America region leads the global subsea pumps market in terms of revenue and volume share and is anticipated to maintain this stance over the forecast period as well. The increasing establishment of oil and gas industries in this region
Some of the main competitors dominating the global subsea pumps market include -- Aker Solutions, Baker Hughes Incorporated, FMC Technologies, Inc., General Electric Company, Onesubsea, Sulzer AG, SPX Corporation, ITT Bornemann, Flowserve Corporation, Leistritz Pumpen Gmbh, Framo as
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