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Energy, Power and Mining Floating Production Storage and Offloading Market

Market Definition

The high demand for FPSO in countries like Brazil and Mexico is driving the market forward. Furthermore, the floating production storage and offloading market is expected to be powered by increased focus on offshore exploration and production activities, as well as increasing exploration in deep- and ultra-deepwater. The transformed segment is expected to take the largest share of the market. Converted FPSOs are floating processing, storage, and offloading vessels that are created by modifying an existing transportation vessel, usually a crude oil shuttle tanker. Converting a tanker to an FPSO takes a few months. During the forecast era, the self-propelled segment is expected to rise at the fastest pace. Since it can travel without external propulsion and has lower transportation costs than towed FPSOs, the self-propelled floating output storage and offloading segment is gaining popularity. During the forecast period, the double hull segment is expected to be the fastest-growing segment in the floating output storage and offloading market by hull form. Double-hulled FPSOs have two or more outer watertight layers that cover the entire vessel's structure and shield it from underwater contamination and water ingress. During the forecast period, the shallow water segment is expected to be the fastest-growing segment in the floating output storage and offloading market in terms of consumption. In shallow water, FPSOs are used for oil and gas exploration and development in depths of less than 500 metres. Since the cost of exploration and development in shallow water is lower than in deep and ultra-deep water, demand for floating production storage and offloading is expected to grow. During the forecast era, the Americas are predicted to be the largest market. Increased investments to support energy infrastructure development, as well as increasing demand for offshore oil and gas output in countries like Mexico and Brazil, are expected to propel the floating production storage and offloading market forward. 

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. 

Major Market Players

Key Market Players include Bumi Armada, SBM Offshore, Bluewater Energy Services, Teekay, Shell, BP, Exxonmobil, Petrobras, Total, Chevron, MODEC, BW Offshore.

The Floating Production Storage and Offloading Market report has been categorized as below

By Propulsion

  • Self-Propelled
  • Towed

By Hull Type 

  • Single Hull
  • Double Hull

By Usage 

  • Shallow Water
  • Deepwater
  • Ultra-Deepwater

By Type

  • New-Build
  • Converted 

By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitor are exploring?
  • Key players in the market and how intense is the competition?
  • What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  • For each segment, what are the significant opportunities in the market?
  • What are the key growth strategies adopted by major market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Gain comprehensive insights on the Floating Production Storage and Offloading industry & market trends
  • Note complete analysis of the market status
  • Recognize the market opportunities and growth segments
  • Evaluating business segments & product portfolios, and interpret competitive dynamics
  • Facilitate strategy planning and industry dynamics to strengthen decision making

Report Content

  1. Floating Production Storage and Offloading Market Introduction
  2. Key Insights
  3. Report Overview
  4. Markets Covered
  5. Stakeholders
  6. Research Methodology
  7. Research Scope
  8. Market Research Process
  9. Research Data Analysis
  10. Market Size Estimation
  11. Executive Summary
  12. Market Overview
  13. Introduction 
  14. Market Drivers and Restraints
  15. By Propulsion
  16. Self-Propelled
  17. Towed
  18. By Hull Type 
  19. Single Hull
  20. Double Hull
  21. By Usage 
  22. Shallow Water
  23. Deepwater
  24. Ultra-Deepwater
  25. By Type
  26. New-Build
  27. Converted 
  28. By Region
  29. Key Points
  30. North America
  31. US
  32. Canada
  33. Mexico
  34. Europe
  35. Germany
  36. France
  37. Italy
  38. UK
  39. Rest of World
  40. Asia Pacific
  41. Japan
  42. China
  43. India
  44. Australia
  45. Rest of Asia Pacific
  46. Rest of the World
  47. South America
  48. Middle East and Africa
  49. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

  1. Bumi Armada
  2. SBM Offshore
  3. Bluewater Energy Services
  4. Teekay
  5. Shell
  6. BP
  7. ExxonMobil
  8. Petrobras
  9. Total
  10. Chevron
  11. MODEC
  12. BW Offshore


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