info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Subsea Market Experiences a Surge, amid an Increase in Deepwater Projects in 2024

By Chitranshi Jaiswal , 04 March, 2025

Climate change is a growing concern for the energy sector in recent years. Globally, nations are implementing regulations and laws to reduce harmful emissions. The enaction of such rules claims to bring significant changes in the energy sector by the end of 2050. It integrates several industries, such as automotive, oil and gas, and construction. The subsea market is a vital part of this energy sector. A survey in 2024 claims the subsea market may undergo substantial changes shortly

Research conducted on the subsea market reveals an annual growth rate of 10 percent from 2024 to 2027.

Leading companies in the energy sector claim an investment of USD 42 billion within this period in the subsea market. The subsea market experienced an increase of 6.5 percent in 2024 compared to 2023. Implementation of deep and ultra-deepwater projects are expected to drive this growth at the industrial level. Brazil emerges as the dominant country with an investment of USD 6 billion in 2024. Additionally, the nation is expanding its investment in the subsea market by 18 percent. 

Several factors contribute to the implementation of deep and ultra-deepwater projects in 2024, such as increasing activities in the subsea system market. Advancements in technology, growing demand for oil and gas, and specific government funding are responsible for the subsea market’s growth. Further, the demand for oil and gas receives government incentives to increase oil and gas production in deep waters. Hence, the energy sector will drive the subsea market's value in 2024.

The above data has been taken from OILPRICE, CONSTRUCTIONWORLD, & SPLASH.

The graph shows expenditure in global subsea market

 

Market.jpg

Latest News

2025.png
How Cobots are Replacing Conveyor Belts in SMEs Market 2025

In 2025, The “Cobots” Adoption in SMEs Market will Begin Transitioning as Small and Medium Sized Enterprises (SMEs) in Europe, Asia, and North America are cross-adopting collaborative robots (cobots) to enhance intralogistics and material handling…

Read More

IIoT-Startups-Secure-Record-Funding-in-Q2.jpg
IIoT Startups Secure Record Funding in Q2

The unprecedented funding of Industrial Internet of Things (IIoT) startups in Q2 marks a new record, indicating strong investors' confidence against the backdrop of an ongoing digital transformation. IIoT startups seem to be enjoying the animated…

Read More

How-Tesla-and-BMW-Slashed-Downtime-Using-Predictive-Maintenance.jpg
How Tesla and BMW Slashed Downtime Using Predictive Maintenance in 2025

By 2025, Tesla and BMW have adopted predictive maintenance as a way to optimize operations within the automotive industry. Both companies have established AI maintenance systems to address equipment failures which has greatly improved unplanned…

Read More

Overview.png
Africa Off-Grid Solar Solutions Rural Electrification Market Sees Surge in Investment and Innovation in 2025

In 2025, Africa is witnessing significant transformation in the off-grid solar drive rural electrification. With a fast-growing population, and steady expansion of commercial sectors, the demand for clean and affordable energy solutions has been…

Read More

India-MedTech-Market-in-2025.jpg
Policy Shifts and Economic Impact on India MedTech Market in 2025

The India MedTech market in 2025 is set for profound shifts owing to new regulations as well as the increased focus on domestic manufacturing. With the post-pandemic healthcare needs soaring, the government's policy spending in 2025 aims to turn…

Read More

Author Pic
Chitranshi Jaiswal

Research Analyst Level I