Floating Production System (FPS) Market Size | Forecast 2031

Floating Production System (FPS) Market Size | Forecast 2031

Segments - Floating Production System (FPS) Market by Types (Tension Leg Platform, FPSO, Barge, and SPAR), Water Depth (Deepwater & Ultra-deepwater and Shallow Water), Regions (Europe, North America, Asia Pacific, South America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Fact-checked by : Vineet Pandey
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-3062 | 4.3 Rating | 83 Reviews | 200 Pages | Format : PDF Excel PPT

Report Description


The global floating production system market size is anticipated to register a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to growing demand for oil and gas the primary focus is on the development of offshore oil and gas production also increased offshore exploration activities ar.

Floating Production System (FPS) Market

The additional usage of storage of produced oil the floating production storage and offloading (FPSO) holds a key share of the market approximately around 60% of the global shares.

Oil and gas companies around the globe are working vigorously to meet the demand by increasing production capacity. However exploration of hydrocarbon is quite challenging itself, but when it come to processing and transportation of produced oil and gas from the site to refineries it still remains monotonous in nature.

Several types of heavy machinery and unique equipments are made in use in the extraction process of oil and gas and floating assist units in transporting and processing oil and gas.

Several simpleton processes has been implemented so the process look more seamless, of turning crude oil into oil and gas.

However, it can be derived that floating production system play a vital role for processing and transportation of petroleum products, on the other hand the rapid growing demand for hydrocarbon and exploring offshore are estimated to create new opportunities.

  • Growing demand for hydrocarbon is expected to boost the market during the forecast period.
  • Increasing new opportunities owing to offshore exploration is estimated to drive the market in the coming years.
  • Growing investment and development of offshore infrastructure for gas and oil production is expected to surge the market during the projected period.
  • High cost involved in FPS system with oil prices volatile in nature act as major factor hampering the market.
  • High installation cost and frequent maintenance act as one of the factor that can impede the market expansion during the forecast period.

Scope of the market

The report on the global floating production system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Floating production system market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Tension Leg Platform, FPSO, Barge, SPAR), Water Depth (Deepwater and Ultra-deepwater, Shallow Water)

Regional Scope

Europe, North America, Asia-Pacific, South America, Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Keppel Offshore & Marine Ltd; SBM Offshore; TechnipFMC PLC; Bumi Armada Berhad; Mitsubishsi Heavy Industries Ltd.

Market Segment Insights   

The FPSO segment is estimated to exhibit a high CAGR

Based on types, the market is segregated into tension leg platform, FPSO, barge, and SPAR. The FPSO segment is estimated to exhibit a high CAGR during the forecast period due to its functionality of storing and offloading of produced oil makes it most demanded floating production system which allows operators to use it in different fields.

Floating Production System (FPS) Market

The deepwater & ultra-deepwater segment is expected to hold the large share of the market

On the basis of water depth, the market is bifurcated into deepwater & ultra-deepwater and shallow water. The deepwater & ultra-deepwater segment is expected to hold a large share of the market during the projected period owing to rising demand for oil and gas.

South Africa is anticipated to dominate the market

In the terms of regions, the market is fragmented into Europe, North America, Asia Pacific, South America, and Middle East & Africa. South Africa is anticipated to dominate the market during the forecast period. The projects in South Africa has received a massive investment which allow them to expand its perforating and wire-line services  and availability of pre-salt layer which contributes in country’s total oil production.

Floating Production System (FPS) Market

Segments

Global floating production system market has been segmented on the basis of

Types

  • Tension Leg Platform
  • FPSO
  • Barge
  • SPAR

Water Depth

  • Deepwater and Ultra-deepwater
  • Shallow Water

Regions

  • Europe
  • North America
  • Asia-Pacific
  • South America
  • Middle East & Africa

Key Players

  • Keppel Offshore & Marine Ltd
  • SBM Offshore
  • TechnipFMC PLC
  • Bumi Armada Berhad
  • Mitsubishsi Heavy Industries Ltd.

Competitive Landscape

Key players competing in global floating production system market include Keppel Offshore & Marine Ltd; SBM Offshore; TechnipFMC PLC; Bumi Armada Berhad; Mitsubishsi Heavy Industries Ltd.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

Floating Production System (FPS) Market

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Floating Production System (FPS) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Floating Production System (FPS) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Floating Production System (FPS) Market - Supply Chain
  4.5. Global Floating Production System (FPS) Market Forecast
     4.5.1. Floating Production System (FPS) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Floating Production System (FPS) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Floating Production System (FPS) Market Absolute $ Opportunity
5. Global Floating Production System (FPS) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Floating Production System (FPS) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Floating Production System (FPS) Demand Share Forecast, 2019-2026
6. North America Floating Production System (FPS) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Floating Production System (FPS) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Floating Production System (FPS) Demand Share Forecast, 2019-2026
7. Latin America Floating Production System (FPS) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Floating Production System (FPS) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Floating Production System (FPS) Demand Share Forecast, 2019-2026
8. Europe Floating Production System (FPS) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Floating Production System (FPS) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Floating Production System (FPS) Demand Share Forecast, 2019-2026
9. Asia Pacific Floating Production System (FPS) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Floating Production System (FPS) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Floating Production System (FPS) Demand Share Forecast, 2019-2026
10. Middle East & Africa Floating Production System (FPS) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Floating Production System (FPS) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Floating Production System (FPS) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Floating Production System (FPS) Market: Market Share Analysis
  11.2. Floating Production System (FPS) Distributors and Customers
  11.3. Floating Production System (FPS) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

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