Subsea Production and Processing System Market: Middle East and Africa to Dominate the Market [Yahoo! Finance]
SUBSEA 7 S.A. S/ADR (SUBCY)
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Source: Yahoo! Finance
Dublin, April 01, 2024 (GLOBE NEWSWIRE) -- The "Subsea Production and Processing System - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029" report has been added to ResearchAndMarkets.com's offering. The Subsea Production and Processing System Market size is estimated at USD 19.93 billion in 2024, and is expected to reach USD 29.98 billion by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029). Key Highlights Over the medium term, the increasing drilling and completion activities, globally, has been driving the demand for the subsea production and processing system market over the study period. On the other hand, the volatile oil prices over the recent period, owing to the supply-demand gap, geopolitics and several other factors has been restraining the growth in the demand for subsea production and processing systems. Nevertheless, the increasing oil and gas discoveries coupled with the liberalization in the industry glo
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