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Market Sector Insights – The Subsea Systems Market

Market Sector Insights – The Subsea Systems Market

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According to a report by PR Newswire, the global market for subsea systems is projected to reach $14.1 billion by 2026, growing at a CAGR of 3.5% over the forecast period of 2020-2026. As oil prices are gaining momentum after the downturn period, investment in the offshore sector has registered an uptake, which is expected to be one of the major drivers for the offshore oil and gas equipment and services market, and in turn, the subsea systems market, during the forecast period.

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