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Diving Equipment Market Worth 3.21 Billion USD by 2021


News provided by

MarketsandMarkets

01 Aug, 2016, 14:30 GMT

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PUNE, India, August 1, 2016 /PRNewswire/ --

The report "Diving Equipment Market by Type (Rebreather, Exposure Suit, Decompression Chamber), Application (Commercial, Defense, Civil), End-User (Oil & Gas, Naval, Aquaculture), Depth (Recreational, Clearance, Saturation), & by Geography - Global Forecasts to 2021", published by MarketsandMarkets, the market is projected to reach USD 3.21 Billion by 2021, at a CAGR of 4.05% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 100 market data Tables and 47 Figures spread through 143 Pages and in-depth TOC on "Diving Equipment Market"

http://www.marketsandmarkets.com/Market-Reports/diving-equipment-market-2567725.html
Early buyers will receive 10% customization On this report.

A number of factors,such as the rise in disposable income and spending in recreational activities in emerging nations and increasing demand for professional divers in oil & gas industry are expected to drive the growth of the diving equipment market.

Rebreather segment is projected to lead the diving equipment market during the forecast period. 

The rebreather segment leads the Diving Equipment Market, and is expected to continue to lead over the next five years. This growth can be attributed to the need for underwater missions and special operations by the military, as well as for saturation diving. Rebreather is also required in platforms where the diver is needed to go below 50 meters depth underwater. It is majorly used in the military application and in some case in recreational diving as well.

The commercial diving is expected to be the fastest-growing segment during the forecast period.

On the basis of application, the diving equipment market has been segmented into civil, commercial, and defense. The commercial diving segment is expected to lead the diving equipment market. This growth can be mainly attributed to the increasing demand for divers in the oil & gas industry globally. The oil & gas rigs expansion projects and search for new refineries require skilled or professional divers for underwater tasks.

North America is expected to be the largest market for diving equipment. 

The North American region is expected to lead the diving equipment market, owing to technological developments for the equipment and the presence of key players in the region. The APAC diving equipment market is expected to grow at the highest CAGR due to various initiatives related to dive tourism and marine-related research activities, which require frequent dives. This growth can also be attributed to the increase in government spending for R&D initiatives, and rise in per capita income in emerging nations.

Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=2567725

Cobham Plc. is one of the key players in the diving equipment market 

Cobham plc (U.K.), Dragerwerk AG & Co. KGaA (Germany), Divex Ltd. (U.K), and Aqua Lung International (U.S.) are the key players operational in the diving equipment market. The market share analysis has been carried out by tracking all the products of the key market players, their geographical presence, and recent developments.

Browse Related Reports 

Marine Propellers Market by Number of Blades (3, 4, 5, Others), Propeller Type (Controllable Pitch, Fixed Pitch, Ducted), Application (Merchant, Naval, Others), Material & Geography - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/marine-propeller-market-125429993.html

SONAR Systems and Technology Market by Type - Active, Passive, By Application - Commercial (hydrography, fisheries), Military (anti warfare, airborne, weapons, and submarine), Scientific (biomass estimation, wave measurement, bathymetric mapping, and medical imaging), System Type - Single Beam Scanning, Multi-beam, Side Scan, Synthetic Aperture, Diver Detection SONAR, and Geography - Forecasts & Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/sonar-systems-technology-market-142612945.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Markets and Markets
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Email: sales@marketsandmarkets.com

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