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
- Floating Production Storage and Offloading Market Introduction
- Key Insights
- Report Overview
- Markets Covered
- Stakeholders
- Research Methodology
- Research Scope
- Market Research Process
- Research Data Analysis
- Market Size Estimation
- Executive Summary
- Market Overview
- Introduction
- Market Drivers and Restraints
- 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
- Key Points
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of World
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East and Africa
- Company Profile
(Profile contain company overview, products/services, financials & recent developments)
- Bumi Armada
- SBM Offshore
- Bluewater Energy Services
- Teekay
- Shell
- BP
- ExxonMobil
- Petrobras
- Total
- Chevron
- MODEC
- BW Offshore