Floating production systems are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths.
The FPSO market segment accounted for about 62% of the total market share and dominated the market. FPSOs are mainly used by companies to extract crude oil through offshore drilling activities, It has a field storage capability and can be used in locations where there is no accessibility to pipeline infrastructure. Eliminating the requirement for pipeline infrastructure, FPSOs reduce operational costs for transporting crude oil.
According to this market study, the Americas will account for about 59% of the total market share and will also dominate the floating production system market throughout the predicted period. This region hosts plenty of oil and gas reserves and is a major contributor to the FPSO market. New discoveries in the Latin American countries, such as Brazil, Mexico and Venezuela, shale gas discoveries in the US, and ultra-deep water discoveries in Latin America will drive the demand for floating production systems in this region.
The Floating Production System market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Floating Production System.
This report presents the worldwide Floating Production System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Chevron
Petrobras
Shell
BW Offshore
TOTAL
BP
Golar LNG
Petronas
MODEC
SBM Offshore
Floating Production System Breakdown Data by Type
FPSO (Floating Production Storage and Offloading)
Production Semisubmersible
SPAR
TLP (Tension Leg Platforms)
Other
Floating Production System Breakdown Data by Application
Energy Enterprises
Government
Floating Production System Production by Region
United States
Europe
China
Japan
Other Regions
Floating Production System Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Floating Production System status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Floating Production System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Floating Production System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Floating Production System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Floating Production System . Industry analysis & Market Report on Floating Production System is a syndicated market report, published as Global Floating Production System Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Floating Production System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.