Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Commercial Diving Services Market Size is Expected to Grow from USD 5.80 Billion in 2023 to USD 10.58 Billion by 2033, Growing at a CAGR of 6.20% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Commercial Diving Services Market Size, Share, and COVID-19 Impact Analysis, By Service (Inspection, Repair & Maintenance, Offshore Diving, Inland Diving, and Others), By Application (Oil & Gas, Marine, Infrastructure, Aquaculture, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The worldwide commercial diving services market refers to underwater operations carried out by qualified experts for industrial, building, engineering, and maintenance objectives. Further, activities like undersea welding, inspections, repairs, salvage operations, and subsea building are all included in these services. Beyond that, industries including shipping, marine building, offshore oil and gas, and renewable energy depend on them. The market is driven by the increasing demand for underwater infrastructure upkeep, advancements in diving technologies, and the expansion of offshore energy projects. Moreover, key trends include the integration of remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs) propel the market growth. Concurrently, the popularity of underwater tourism boosts the market expansion. However, the market growth is impeded due to the high cost and upkeep of related accessories.
The inspection, repair & maintenance (IRM) segment accounted for a significant share of the global commercial diving services market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the service, the global commercial diving services market is divided into inspection, repair & maintenance, offshore diving, inland diving, and others. Among these, the inspection, repair & maintenance (IRM) segment accounted for a significant share of the global commercial diving services market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This dominance is driven by the increasing demand for regular upkeep of underwater infrastructure, especially in the oil and gas, marine, and renewable energy sectors to ensure safety, efficiency, and regulatory compliance.
The oil & gas segment held the largest share of the global commercial diving services market in 2023 and is predicted to grow at a notable CAGR over the forecast period.
On the basis of the application, the global commercial diving services market is classified into oil & gas, marine, infrastructure, aquaculture, and others. Among these, the oil & gas segment held the largest share of the global commercial diving services market in 2023 and is predicted to grow at a notable CAGR over the forecast period. This is due to research, manufacturing, and upkeep tasks at operational sites.
Europe is anticipated to hold the greatest share of the global commercial diving services market over the forecast period.
Europe is predicted to hold the largest share of the global commercial diving services market over the forecast period. The regional market growth is driven by the strict environmental laws and the requirement for routine underwater structure repair and inspection. Further, Europe is a significant market for commercial diving services, with the UK, Norway, and the Netherlands at the forefront in regional market revenue share.
North America is predicted to grow at the fastest CAGR of the global commercial diving services market over the forecast period. The market growth throughout the region is further accelerated because of the robust oil and gas industry, sophisticated marine infrastructure, and strict environmental restrictions. This regional market is largely driven by the United States and Canada, as many offshore exploration and extraction projects require specialist diving services, which supports market expansion.
Company Profiling
Major vendors in the global commercial diving services market are Subsea 7, TechnipFMC, Helix Energy Solutions Group, DOF Subsea, Fugro, Oceaneering International, Inc., DeepOcean Group Holding BV, McDermott International, Inc., Saipem, Allseas Group S.A., Cal Dive International, Inc., Global Diving & Salvage, Inc., Hallin Marine Subsea International Ltd., Caldive International, Inc., Subsea Global Solutions, JFD Global, Phoenix International Holdings, Inc., C-Innovation, LLC, Unique Group, Deep Sea Systems International, and others.
Key Target Audience
Recent Development:
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global commercial diving services market based on the below-mentioned segments:
Global Commercial Diving Services Market, By Service
Global Commercial Diving Services Market, By Application
Global Commercial Diving Services Market, By Regional
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