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The demand for distributed buoyancy modules is largely dependent on the health of the offshore oil & gas investments. It is anticipated that the market for distributed buoyancy modules will plummet in 2020, mainly because of nose-diving offshore oil & gas investments across regions. However, the rate of decline will not be huge since the major distributed buoyancy module suppliers have piled many contracts, which may help them to survive in this challenging market environment. However, they have been expecting a steep decline in the year 2021. The market is estimated to rebound from 2022 onwards, reaching an estimated value of US$ 91.6 million in 2025.
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