Market Overview:
The global floating production storage and offloading (FPSO) units market is expected to grow from USD 9.5 billion in 2018 to USD 21.8 billion by 2030, at a CAGR of 10.5% from 2018 to 2030. The growth of the FPSO units market can be attributed to the increasing demand for oil and gas across the globe. In addition, the FPSO units market is witnessing significant growth due to the increasing number of offshore oil and gas fields being developed globally. The global FPSO units market has been segmented on the basis of type, application, and region. On the basis of type,the FPSOunitsmarket has been segmented into shallow water, deep water,and ultra-deep water segments.
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Product Definition:
A Floating Production Storage and Offloading (FPSO) unit is a floating vessel that is used to produce, store, and offload oil and gas. FPSOs are important because they allow oil and gas companies to produce offshore resources that would otherwise be inaccessible.
Shallow Water:
Shallow water is the water with a depth of less than 60 m. It covers more than 8,000 km2 and holds around 18% of the total world ocean area. Shallow water bodies are found in all the regions except forAntarctica. Major shallow-water bodies include Gulf of Mexico, North Sea, South China Sea, and Persian Gulf among others.
Deep Water:
Deep water is the part of marine water body which is deeper than 60 feet (20 meters). The depth of deep water varies from place to place. Generally, it’s found near the shore line in tropical areas. However, sometimes it’s also present in polar regions due to heavy snowfall on top of ice sheets. Deep Water contains crude oil and natural gas and can be extracted using drilling equipment known as Rigs or Drills.
Application Insights:
The global floating production storage and offloading (FPSO) units market is segmented on the basis of application into gas industry, converted from ships, offshore oil and others. Gas industry dominated the overall market in terms of revenue share in 2017. The growing demand for LNG globally has been a major factor contributing to its dominance over other applications.
Global floating production storage.
Converted from ships was the second-largest application segment in 2017 due to increasing utilization of FPSOs for importing natural gas into Mexico as well as expanding liquefied natural gas trade across various Asian countries such as China Japan South Korea India Thailand etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of oil & gas producing countries such as China, India, Indonesia, Malaysia and Thailand among others. These countries are also involved in developing offshore oil fields which require FPSO for production activities at sea. Thus, increasing demand for FPSOs from these regions is anticipated to drive the global market over the forecast period.
Europe accounted for more than 20% of total revenue share in 2017 owing to rising investments by major energy companies towards development of offshore oilfields across Norway and Russia among other Eastern European countries.
The Middle East & Africa (MEA) region is anticipated to witness significant growth rate during the forecast period owing to increasing focus on hydrocarbon resources exploration across Egypt.
Growth Factors:
- Increasing demand for oil and gas across the globe is expected to drive the FPSO market growth over the forecast period.
- Proliferation of deepwater and ultra-deepwater drilling activities is anticipated to boost the FPSO market growth.
- Rising investments in offshore exploration and production are projected to propel the FPSO market demand over the next few years.
- Technological advancements in floating production systems are likely to provide new opportunities for this industry participants over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Floating Production Storage and Offloading (FPSO) Units Market Research Report
By Type
Shallow Water, Deep Water, Ultra-Deep Water
By Application
Gas Industry, Converted from Ships, Offshore Oil
By Companies
BW Offshore, Chevron, CNOOC, ExxonMobil, Petrobras, MODEC, SBM Offshore, BW Offshore
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Floating Production Storage and Offloading (FPSO) Units Market Report Segments:
The global Floating Production Storage and Offloading (FPSO) Units market is segmented on the basis of:
Types
Shallow Water, Deep Water, Ultra-Deep Water
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gas Industry, Converted from Ships, Offshore Oil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BW Offshore
- Chevron
- CNOOC
- ExxonMobil
- Petrobras
- MODEC
- SBM Offshore
- BW Offshore
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Highlights of The Floating Production Storage and Offloading (FPSO) Units Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shallow Water
- Deep Water
- Ultra-Deep Water
- By Application:
- Gas Industry
- Converted from Ships
- Offshore Oil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floating Production Storage and Offloading (FPSO) Units Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Floating production storage and offloading (FPSO) units are floating production, storage and offloading vessels that can be used to store oil or gas in deep water. FPSOs can also be used to transport crude oil or natural gas from offshore platforms, drilling rigs, or other locations where it is produced to shore terminals for processing and distribution.
Some of the major players in the floating production storage and offloading (fpso) units market are BW Offshore, Chevron, CNOOC, ExxonMobil, Petrobras, MODEC, SBM Offshore, BW Offshore.
The floating production storage and offloading (fpso) units market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Floating Production Storage and Offloading (FPSO) Units Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Floating Production Storage and Offloading (FPSO) Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Floating Production Storage and Offloading (FPSO) Units Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Floating Production Storage and Offloading (FPSO) Units Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Floating Production Storage and Offloading (FPSO) Units Market Size & Forecast, 2020-2028
4.5.1 Floating Production Storage and Offloading (FPSO) Units Market Size and Y-o-Y Growth
4.5.2 Floating Production Storage and Offloading (FPSO) Units Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Shallow Water
5.2.2 Deep Water
5.2.3 Ultra-Deep Water
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Gas Industry
6.2.2 Converted from Ships
6.2.3 Offshore Oil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Floating Production Storage and Offloading (FPSO) Units Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Floating Production Storage and Offloading (FPSO) Units Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Shallow Water
9.6.2 Deep Water
9.6.3 Ultra-Deep Water
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Gas Industry
9.10.2 Converted from Ships
9.10.3 Offshore Oil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Shallow Water
10.6.2 Deep Water
10.6.3 Ultra-Deep Water
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Gas Industry
10.10.2 Converted from Ships
10.10.3 Offshore Oil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Shallow Water
11.6.2 Deep Water
11.6.3 Ultra-Deep Water
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Gas Industry
11.10.2 Converted from Ships
11.10.3 Offshore Oil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Shallow Water
12.6.2 Deep Water
12.6.3 Ultra-Deep Water
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Gas Industry
12.10.2 Converted from Ships
12.10.3 Offshore Oil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Shallow Water
13.6.2 Deep Water
13.6.3 Ultra-Deep Water
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Gas Industry
13.10.2 Converted from Ships
13.10.3 Offshore Oil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Floating Production Storage and Offloading (FPSO) Units Market: Competitive Dashboard
14.2 Global Floating Production Storage and Offloading (FPSO) Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BW Offshore
14.3.2 Chevron
14.3.3 CNOOC
14.3.4 ExxonMobil
14.3.5 Petrobras
14.3.6 MODEC
14.3.7 SBM Offshore
14.3.8 BW Offshore
