Diving Equipment Market to Reach $3.2 Bln by 2021

Global diving equipment market is expected to grow from $2.72 billion in 2016 to $3.21 billion by 2021, at a CAGR of 4.05%.

According to market researcher ReportsnReports, the growth will be driven by the increasing number of underwater projects, exploration of oil rigs, underwater construction, and recreational activities, among others.

The exposure suits segment of the diving market is expected to grow at the highest CAGR during the forecast period.

On the basis of region, North America is expected to lead the diving equipment market. Countries in this region include the U.S. and Canada. North America diving equipment market is mainly driven by the large number of original component manufacturers (OCMs) and original equipment manufacturers (OEMs), major technological upgradation for existing equipment by the key players, presence of key market players, such as Honeywell (U.S.) and Cobhamplc. (U.K.).

Additionally, investments by the U.S. Navy for the defense rebreather coupled with other major equipment are also fueling the growth of the diving equipment market.

The key players operational in the diving equipment market include Cobham (UK), Divex (UK), Submarine Manufacturing & Product Limited (UK), Dragerwerk (Germany), Honeywell International (US), and Aqualung International (US), among others.

Share this article

Follow Subsea World News

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Kuwait Oil & Gas Show

Kuwait Oil & Gas Show is the Kuwait International Fair Ground in Kuwait City, Kuwait. This event showcases product from Chemicals & Dyes, Electronics & Electrical Goods, Hand, Machine & Garden Tools, Petroleum, Oil & Gas, Power & Renewable Energy industries. More info

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure…

read more >

Offshore Site Investigation & Geotechnics Committee 8th International Conference “Smarter Solutions for Future Offshore Developments”

The conference series, which has run since 1979, offers a unique opportunity for geotechnical engineers, geoscientists and academics…

read more >

Oil & Gas Indonesia 2017

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining and showcases the largest exhibition…

read more >