Floating Production Storage And Offloading Market Size, Share & Trends Report

Floating Production Storage And Offloading Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR1317
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

Progressive expansion in oil & gas exploration and production in deep water, ultra deep water and offshore fields is anticipated to fuel the floating production storage and offloading (FPSO) market growth over the forecast period. Growing oil & gas consumption worldwide particularly in power generation and transportation sectors has been forcing companies to explore more hydrocarbon reserves. Maturing onshore reserves led oil & gas producers to explore in deep water, ultra deep water and shallow offshore fields. Emerging requirement for integrated compact systems in deep and ultra deep water offshore reserves to counter extreme conditions is expected to augment FPSO market growth in next six years. The market is further estimated to gain share in ultra deep offshore regions owing to cost effective and efficient production process with high yield potential. High installation cost for oil & gas production and transportation facilities in ultra deep and deep sea is expected to further stimulate FPSO demand. Marginal fields and challenging environments have been others factors supporting floating production storage and offloading market expansion. New E&P activities in offshore shale fields are expected to bolster FPSO requirements over the next few years. On the basis of equipments, FPSO systems are classified into nitrogen generation, seawater injection, fuel gas treatment, produced water, crude oil separation and chemical injection.

North America and Europe hold substantial market share and are anticipated to witness stagnant growth in next six years owing to mature oil & gas reserves. South America and East Africa is expected to witness significant growth owing to recent offshore E&P developments and deep water oil field discoveries. Brazil is anticipated to emerge as a major FPSO market in this region due to increasing oil & gas activities coupled with sufficient government support. Recent deep sea oil & gas reserves discovery in South China Sea, North Sea and Gulf of Mexico is projected to positively impact market growth over the forecast period. Maturing inland and shallow water oil & gas fields in China, Indonesia and India along with increasing acreages in deep sea and ultradeep sea reserves in these regions is estimated to have lucrative opportunities for floating production storage and offloading market in foreseeable future. Advancements in production and offloading technologies may create immense opportunity for market participants.

Some of the major players in floating production storage and offloading market include Keppel Offshore & Ltd., Samsung Heavy Industries Ltd., SBM Offshore N.V., TOTAL S.A., MODEC, Inc., PetroleoBrasileiro S.A., COSCO Shipyard Group Co. Ltd., and Sembcorp Marine Ltd.

Pricing & Purchase Options

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified