According to our (Global Info Research) latest study, the global Floating Production Storage and Offloading (FPSO) market size was valued at USD 21750 million in 2023 and is forecast to a readjusted size of USD 30170 million by 2030 with a CAGR of 4.8% during review period.
Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
Latin America is the largest Floating Production Storage and Offloading (FPSO) market with about 50% market share.
The key players are Dalian Shipbuilding Industry Co., Ltd, China Ocean Shipping (Group) Company, CIMC Raffles, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., Keppel Corporation Limited, Hyundai Heavy Industries, Sembcorp Marine, China State Shipbuilding Corporation, China Merchants Industry Holdings etc. Top 3 companies occupied about 50% market share.
The Global Info Research report includes an overview of the development of the Floating Production Storage and Offloading (FPSO) industry chain, the market status of Shallow Water (Spread Mooring, Single Point Mooring (SPM)), Deep Water (Spread Mooring, Single Point Mooring (SPM)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Floating Production Storage and Offloading (FPSO).
Regionally, the report analyzes the Floating Production Storage and Offloading (FPSO) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Floating Production Storage and Offloading (FPSO) market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Floating Production Storage and Offloading (FPSO) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Floating Production Storage and Offloading (FPSO) industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Spread Mooring, Single Point Mooring (SPM)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Floating Production Storage and Offloading (FPSO) market.
Regional Analysis: The report involves examining the Floating Production Storage and Offloading (FPSO) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Floating Production Storage and Offloading (FPSO) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Floating Production Storage and Offloading (FPSO):
Company Analysis: Report covers individual Floating Production Storage and Offloading (FPSO) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Floating Production Storage and Offloading (FPSO) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Shallow Water, Deep Water).
Technology Analysis: Report covers specific technologies relevant to Floating Production Storage and Offloading (FPSO). It assesses the current state, advancements, and potential future developments in Floating Production Storage and Offloading (FPSO) areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Floating Production Storage and Offloading (FPSO) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Floating Production Storage and Offloading (FPSO) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning (DP)
Market segment by Application
Shallow Water
Deep Water
Ultra-deep Water
Major players covered
Dalian Shipbuilding Industry Co., Ltd
China Ocean Shipping (Group) Company
CIMC Raffles
Samsung Heavy Industries
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Keppel Corporation Limited
Hyundai Heavy Industries
Sembcorp Marine
China State Shipbuilding Corporation
China Merchants Industry Holdings
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Floating Production Storage and Offloading (FPSO) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Floating Production Storage and Offloading (FPSO), with price, sales, revenue and global market share of Floating Production Storage and Offloading (FPSO) from 2019 to 2024.
Chapter 3, the Floating Production Storage and Offloading (FPSO) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Floating Production Storage and Offloading (FPSO) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Floating Production Storage and Offloading (FPSO) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Floating Production Storage and Offloading (FPSO).
Chapter 14 and 15, to describe Floating Production Storage and Offloading (FPSO) sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Floating Production Storage and Offloading (FPSO) . Industry analysis & Market Report on Floating Production Storage and Offloading (FPSO) is a syndicated market report, published as Global Floating Production Storage and Offloading (FPSO) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Floating Production Storage and Offloading (FPSO) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.