TETHERED MANNED SUBMERSIBLE MARKET ANALYSIS

Tethered Manned Submersible MarketSize and Trends

The increasing number of the construction activities across the world is one of the major factors driving the growth of the market. Increasing urbanization across the world, is further increases the development of infrastructural activities across the world. For instance, according to the WorldBank.org the urban population in 2014 was 53.8% of global population, which reached up to 54.3%, globally. Development in Infrastructure results in increased construction activities, which eventually creates a demand for tethered manned submersible pump in order to extract water from the surface, further creating new sources of water for the residential, industrial, and commercial purposes. This in turn, is expected to propel growth of the tethered manned submersible market over the forecast period. Moreover, increasing government investments in infrastructure development is another factor fostering growth of the market. For instance, in January 2016, according to the press release of financier worldwide magazine, between US$ 700 billion and US$ 800 billion is invested in infrastructure development worldwide each year, of which around US$ 550 billion is invested in emerging economies. Therefore, increasing infrastructure development is expected to increase the demand for tethered manned submersible pumps for extracting oil and water from the surface, which in turn helps meet the increasing demand for water and oil across the world. Hence, all these factors help boost growth of the global tethered manned submersible pump market.