The new Scottish Enterprise Action Plan for Subsea Engineering, published January 2017, notes that Scotland has developed an extensive innovation ecosystem to support the sector that includes CENSIS, our sister Innovation Centres OGIC and The Data Lab and a number of other players.
The Scottish oil and gas industry boasts a subsea engineering cluster that is among the strongest in the world. With almost half of all the world’s subsea installations in the North Sea, Scotland is a global leader in the sector. These strengths mean Scotland is in a strong position to find new opportunities for growth in international markets and to diversify existing skills into other sectors.
The market has significant potential. Although subsea growth has been largely driven by oil and gas, other sectors are now emerging, including subsea mining, defence, renewable energy and aquaculture.
Already Scotland’s 370 subsea companies generate annual turnover of £7.5 billion, with the global market currently valued at around £50 billion per year.
Read more and download the Action Plan from the Scottish Enterprise website.
To find out how CENSIS can help you meet your subsea challenge, please contact us for an informal chat with our Subsea Engineering Business Development Manager, Dr Rachael Wakefield.