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FPSO Market Analysis and Forecast to 2031: By Application (Shallow Water, Deep Water, Ultra-deep Water), Type (Converted, Newly Built), Operator (Independent Operators, Leased Operators, and Major National Oil Companies [NOCs]), Hull (Single Hull, Double

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from $4,750 159 Pages Global Insight Services November, 2022 GIS17514516
Best Price Guarantee
Price from $4,750
Length 159 Pages
Publisher Global Insight Services
Published Date November, 2022
SKU GIS17514516

FPSO Market Analysis and Forecast to 2031: By Application (Shallow Water, Deep Water, Ultra-deep Water), Type (Converted, Newly Built), Operator (Independent Operators, Leased Operators, and Major National Oil Companies [NOCs]), Hull (Single Hull, Double Hull), Mooring (Spread Mooring, Turret Mooring), Propulsion (Self-propelled, Towed), and Region

FPSO stands for floating production, storage, and offloading. It is a type of floating tank used in the offshore oil and gas industry. The FPSO vessel is designed to receive production fluids from subsea wells, process them, and store oil until it can be offloaded onto tankers or pipelines for transport to onshore facilities.
Key Trends
Over the past few years, there has been a shift in the FPSO market towards larger vessels and more advanced technology. This is in response to the increasing demand for oil and gas exploration and production in deep-water and ultra-deepwater environments.

The trend towards larger vessels is driven by the need to process and store more oil and gas. FPSOs are typically designed to accommodate a range of different crude oils and gas condensates, and the capacity to process and store these fluids has been increasing.

The trend toward more advanced technology is driven by the need to improve the efficiency of FPSO operations and reduce costs. FPSOs are now being equipped with more sophisticated control systems, better sensors and instrumentation, and more powerful processing equipment.

In addition, the use of FPSOs is expanding into new applications such as LNG production and processing, and CO2 storage. These new applications are driving the development of more specialized FPSO designs and technologies.
Key Drivers
FPSO market is driven by the following factors:

1. Increasing demand for oil and gas: The world is increasingly dependent on oil and gas to meet its energy needs. This has led to an increase in exploration and production activities, which in turn has boosted the demand for FPSOs.

2. Technological advancements: Technological advancements have made FPSOs more efficient and reliable. This has made them an attractive option for oil and gas companies.

3. Flexibility: FPSOs offer a high degree of flexibility as they can be deployed in a variety of environments. This makes them an ideal solution for companies operating in remote and challenging locations.

4. Cost-effectiveness: FPSOs are a cost-effective solution for oil and gas companies as they eliminate the need for costly infrastructure such as pipelines.
Restraints & Challenges
The key restraints and challenges in the FPSO market are:

1. The high cost of construction and operation of FPSOs.

2. The technical challenges associated with the design and operation of FPSOs, particularly in deep-water environments.

3. The political and regulatory risks associated with FPSO projects, particularly in relation to environmental issues.

4. The commercial risks associated with FPSO projects, including the risk of oil and gas price fluctuations.
Market Segmentation
The FPSO market has been segmented into propulsion, application, operator, hull, type, mooring, and region. Based on propulsion it is segmented into self-propelled and towed. On the basis of application, it is segmented into shallow water, deepwater, and ultra-deepwater. Based on the operator, the market is segmented into independent operators, leased operators, and major national oil companies (NOCs). On the basis of the hull, the market is segmented into single hull and double hull. Based on type, the market is bifurcated into converted and newly-built. On the basis of mooring, the market is segmented into spread mooring and turret mooring. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific (APAC), and the rest of the World (RoW).
Key Players
The key Players in the FPSO market are MODEC Inc, Petroleo Brasileiro SA (Petrobras), Bluewater Energy Services B.V., Exxon Mobil Corp., Malaysia International Shipping Corporation Berhd, Mitsui Engineering and Shipbuilding, MOL Group, Marubeni Corporation, Shell plc, Aker Floating Production Group, TotalEnergies SE, BW Offshore, Maersk, CNOOC Ltd., and Bumi Armada Berhad .

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Chapter 1. FPSO Market Overview
1.1 Objectives of the Report
1.2 Market Definition and Scope of the Report
1.3 Research Limitations
1.4 Research Methodologies
1.4.1 Secondary Research
1.4.2 Market Size Estimation Technique
1.4.3 Forecasting
1.4.4 Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1 Market Attractiveness Analysis, by Region
3.2 Market Attractiveness Analysis, by Type
3.3 Market Attractiveness Analysis, by Application
3.4 Market Attractiveness Analysis, by Hull
3.5 Market Attractiveness Analysis, by Propulsion
3.6 Market Attractiveness Analysis, by Operator
3.7 Market Attractiveness Analysis, by Mooring
Chapter 4. FPSO Market Outlook
4.1 Market Segmentation
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunities
4.3 Porters Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitution
4.3.5 Competitive Rivalry
4.4 PESTLE Analysis
4.5 Value Chain Analysis
4.6 Impact of COVID-19 on the Market
4.7 Impact of the Russia and Ukraine War
Chapter 5. FPSO Market by Type
5.1. Market Overview
5.2. Converted
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Newly Built
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. FPSO Market by Operator
6.1. Market Overview
6.2. Independent Operators
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Leased Operators
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Major National Oil Companies (NOCs)
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. FPSO Market by Application
7.1. Market Overview
7.2. Shallow Water
7.2.1. Market Size and Forecast, 2021-2031 ($Million)
7.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.3. Deep Water
7.3.1. Market Size and Forecast, 2021-2031 ($Million)
7.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
7.4. Ultra-deep Water
7.4.1. Market Size and Forecast, 2021-2031 ($Million)
7.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 8. FPSO Market, by Propulsion
8.1 Overview
8.2 Market Size and Forecast
8.3 Self-propelled
8.3.1 Key Market Trends & Opportunity Analysis
8.3.2 Market Size and Forecast, by Region
8.4 Towed
8.4.1 Key Market Trends & Opportunity Analysis
8.4.2 Market Size and Forecast, by Region
Chapter 9. FPSO Market, by Hull
9.1 Overview
9.2 Market Size and Forecast
9.3 Single Hull
9.3.1 Key Market Trends & Opportunity Analysis
9.3.2 Market Size and Forecast, by Region
9.4 Double Hull
9.4.1 Key Market Trends & Opportunity Analysis
9.4.2 Market Size and Forecast, by Region
Chapter 9. FPSO Market, by Mooring
10.1 Overview
10.2 Market Size and Forecast
10.3 Spread Mooring
10.3.1 Key Market Trends & Opportunity Analysis
10.3.2 Market Size and Forecast, by Region
10.4 Turret Mooring
10.4.1 Key Market Trends & Opportunity Analysis
10.4.2 Market Size and Forecast, by Region
Chapter 11. FPSO Market, by Region
11.1. Overview
11.2. North America
11.2.1. Key Market Trends and Opportunities
11.2.2. Market Size and Forecast by Propulsion
11.2.3. Market Size and Forecast by Application
11.2.4. Market Size and Forecast by Operator
11.2.5. Market Size and Forecast by Hull
11.2.6. Market Size and Forecast by Type
11.2.7. Market Size and Forecast by Mooring
11.2.8. Market Size and Forecast by Country
11.2.9. The U.S.
11.2.9.1. Market Size and Forecast by Propulsion
11.2.9.2. Market Size and Forecast by Application
11.2.9.3. Market Size and Forecast by Operator
11.2.9.4. Market Size and Forecast by Hull
11.2.9.5. Market Size and Forecast by Type
11.2.9.6. Market Size and Forecast by Mooring
11.2.10. Canada
11.2.10.1. Market Size and Forecast by Propulsion
11.2.10.2. Market Size and Forecast by Application
11.2.10.3. Market Size and Forecast by Operator
11.2.10.4. Market Size and Forecast by Hull
11.2.10.5. Market Size and Forecast by Type
11.2.10.6. Market Size and Forecast by Mooring
11.2.11. Mexico
11.2.11.1. Market Size and Forecast by Propulsion
11.2.11.2. Market Size and Forecast by Application
11.2.11.3. Market Size and Forecast by Operator
11.2.11.4. Market Size and Forecast by Hull
11.2.11.5. Market Size and Forecast by Type
11.2.11.6. Market Size and Forecast by Mooring
11.3. Europe
11.3.1. Key Market Trends and Opportunities
11.3.2. Market Size and Forecast by Propulsion
11.3.3. Market Size and Forecast by Application
11.3.4. Market Size and Forecast by Operator
11.3.5. Market Size and Forecast by Hull
11.3.6. Market Size and Forecast by Type
11.3.7. Market Size and Forecast by Mooring
11.3.8. Market Size and Forecast by Country
11.3.9. Germany
11.3.9.1. Market Size and Forecast by Propulsion
11.3.9.2. Market Size and Forecast by Application
11.3.9.3. Market Size and Forecast by Operator
11.3.9.4. Market Size and Forecast by Hull
11.3.9.5. Market Size and Forecast by Type
11.3.9.6. Market Size and Forecast by Mooring
11.3.10. France
11.3.10.1. Market Size and Forecast by Propulsion
11.3.10.2. Market Size and Forecast by Application
11.3.10.3. Market Size and Forecast by Operator
11.3.10.4. Market Size and Forecast by Hull
11.3.10.5. Market Size and Forecast by Type
11.3.10.6. Market Size and Forecast by Mooring
11.3.11. The UK
11.3.11.1. Market Size and Forecast by Propulsion
11.3.11.2. Market Size and Forecast by Application
11.3.11.3. Market Size and Forecast by Operator
11.3.11.4. Market Size and Forecast by Hull
11.3.11.5. Market Size and Forecast by Type
11.3.11.6. Market Size and Forecast by Mooring
11.3.12. Spain
11.3.12.1. Market Size and Forecast by Propulsion
11.3.12.2. Market Size and Forecast by Application
11.3.12.3. Market Size and Forecast by Operator
11.3.12.4. Market Size and Forecast by Hull
11.3.12.5. Market Size and Forecast by Type
11.3.12.6. Market Size and Forecast by Mooring
11.3.13. Italy
11.3.13.1. Market Size and Forecast by Propulsion
11.3.13.2. Market Size and Forecast by Application
11.3.13.3. Market Size and Forecast by Operator
11.3.13.4. Market Size and Forecast by Hull
11.3.13.5. Market Size and Forecast by Type
11.3.13.6. Market Size and Forecast by Mooring
11.3.14. Rest of Europe
11.3.14.1. Market Size and Forecast by Propulsion
11.3.14.2. Market Size and Forecast by Application
11.3.14.3. Market Size and Forecast by Operator
11.3.14.4. Market Size and Forecast by Hull
11.3.14.5. Market Size and Forecast by Type
11.3.14.6. Market Size and Forecast by Mooring
11.4. Asia-Pacific
11.4.1. Key Market Trends and Opportunities
11.4.2. Market Size and Forecast by Propulsion
11.4.3. Market Size and Forecast by Application
11.4.4. Market Size and Forecast by Operator
11.4.5. Market Size and Forecast by Hull
11.4.6. Market Size and Forecast by Type
11.4.7. Market Size and Forecast by Mooring
11.4.8. Market Size and Forecast by Country
11.4.9. China
11.4.9.1. Market Size and Forecast by Propulsion
11.4.9.2. Market Size and Forecast by Application
11.4.9.3. Market Size and Forecast by Operator
11.4.9.4. Market Size and Forecast by Hull
11.4.9.5. Market Size and Forecast by Type
11.4.9.6. Market Size and Forecast by Mooring
11.4.10. India
11.4.10.1. Market Size and Forecast by Propulsion
11.4.10.2. Market Size and Forecast by Application
11.4.10.3. Market Size and Forecast by Operator
11.4.10.4. Market Size and Forecast by Hull
11.4.10.5. Market Size and Forecast by Type
11.4.10.6. Market Size and Forecast by Mooring
11.4.11. Japan
11.4.11.1. Market Size and Forecast by Propulsion
11.4.11.2. Market Size and Forecast by Application
11.4.11.3. Market Size and Forecast by Operator
11.4.11.4. Market Size and Forecast by Hull
11.4.11.5. Market Size and Forecast by Type
11.4.11.6. Market Size and Forecast by Mooring
11.4.12. South Korea
11.4.12.1. Market Size and Forecast by Propulsion
11.4.12.2. Market Size and Forecast by Application
11.4.12.3. Market Size and Forecast by Operator
11.4.12.4. Market Size and Forecast by Hull
11.4.12.5. Market Size and Forecast by Type
11.4.12.6. Market Size and Forecast by Mooring
11.4.13. Rest of APAC
11.4.13.1. Market Size and Forecast by Propulsion
11.4.13.2. Market Size and Forecast by Application
11.4.13.3. Market Size and Forecast by Operator
11.4.13.4. Market Size and Forecast by Hull
11.4.13.5. Market Size and Forecast by Type
11.4.13.6. Market Size and Forecast by Mooring
11.5. Rest of the World
11.5.1. Key Market Trends and Opportunities
11.5.2. Market Size and Forecast by Propulsion
11.5.3. Market Size and Forecast by Application
11.5.4. Market Size and Forecast by Operator
11.5.5. Market Size and Forecast by Hull
11.5.6. Market Size and Forecast by Type
11.5.7. Market Size and Forecast by Mooring
11.5.8. Market Size and Forecast by Country
11.5.9. Latin America
11.5.9.1. Market Size and Forecast by Propulsion
11.5.9.2. Market Size and Forecast by Application
11.5.9.3. Market Size and Forecast by Operator
11.5.9.4. Market Size and Forecast by Hull
11.5.9.5. Market Size and Forecast by Type
11.5.9.6. Market Size and Forecast by Mooring
11.5.10. The Middle East
11.5.10.1. Market Size and Forecast by Propulsion
11.5.10.2. Market Size and Forecast by Application
11.5.10.3. Market Size and Forecast by Operator
11.5.10.4. Market Size and Forecast by Hull
11.5.10.5. Market Size and Forecast by Type
11.5.10.6. Market Size and Forecast by Mooring
11.5.11. Africa
11.5.11.1. Market Size and Forecast by Propulsion
11.5.11.2. Market Size and Forecast by Application
11.5.11.3. Market Size and Forecast by Operator
11.5.11.4. Market Size and Forecast by Hull
11.5.11.5. Market Size and Forecast by Type
11.5.11.6. Market Size and Forecast by Mooring
Chapter 12. Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Ranking by FPSO Revenue
12.4 Vendor Benchmarking
12.5 Developmental Strategy Benchmarking
12.5.1. New Product Development
12.5.2. Product Launches
12.5.3. Business Expansions
12.5.4. Partnerships, Joint Ventures, and Collaborations
12.5.5. Mergers and Acquisitions
Chapter 13. Company Profiles
13.1 MODEC Inc.
13.1.1 Company Snapshot
13.1.2 Business Performance
13.1.3 Product Offering
13.1.4 Key Developmental Strategies
13.1.5 SWOT Analysis
13.2 Shell plc
13.2.1 Company Snapshot
13.2.2 Business Performance
13.2.3 Product Offering
13.2.4 Key Developmental Strategies
13.2.5 SWOT Analysis
13.3 Petroleo Brasileiro SA (Petrobras)
13.3.1 Company Snapshot
13.3.2 Business Performance
13.3.3 Product Offering
13.3.4 Key Developmental Strategies
13.3.5 SWOT Analysis
13.4 CNOOC Ltd
13.4.1 Company Snapshot
13.4.2 Business Performance
13.4.3 Product Offering
13.4.4 Key Developmental Strategies
13.4.5 SWOT Analysis
13.5 TotalEnergies SE
13.5.1 Company Snapshot
13.5.2 Business Performance
13.5.3 Product Offering
13.5.4 Key Developmental Strategies
13.5.5 SWOT Analysis
13.6 Exxon Mobil Corp.
13.6.1 Company Snapshot
13.6.2 Business Performance
13.6.3 Product Offering
13.6.4 Key Developmental Strategies
13.6.5 SWOT Analysis
13.7 Malaysia International Shipping Corporation Berhd 13.7.1 Company Snapshot
13.7.2 Business Performance
13.7.3 Product Offering
13.7.4 Key Developmental Strategies
13.7.5 SWOT Analysis
13.8 Bumi Armada Berhad
13.8.1 Company Snapshot
13.8.2 Business Performance
13.8.3 Product Offering
13.8.4 Key Developmental Strategies
13.8.5 SWOT Analysis
13.9 Marubeni Corporation
13.9.1 Company Snapshot
13.9.2 Business Performance
13.9.3 Product Offering
13.9.4 Key Developmental Strategies
13.9.5 SWOT Analysis
13.10 SBM Offshore
13.10.1 Company Snapshot
13.10.2 Business Performance
13.10.3 Product Offering
13.10.4 Key Developmental Strategies
13.10.5 SWOT Analysis
13.11 Aker Floating Production Group
13.11.1 Company Snapshot
13.11.2 Business Performance
13.11.3 Product Offering
13.11.4 Key Developmental Strategies
13.11.5 SWOT Analysis
13.12 Mitsui Engineering and Shipbuilding
13.12.1 Company Snapshot
13.12.2 Business Performance
13.12.3 Product Offering
13.12.4 Key Developmental Strategies
13.12.5 SWOT Analysis
13.13 Equinor ASA
13.13.1 Company Snapshot
13.13.2 Business Performance
13.13.3 Product Offering
13.13.4 Key Developmental Strategies
13.13.5 SWOT Analysis
13.14 BW Offshore
13.14.1 Company Snapshot
13.14.2 Business Performance
13.14.3 Product Offering
13.14.4 Key Developmental Strategies
13.14.5 SWOT Analysis
13.15 MOL Group
13.15.1 Company Snapshot
13.15.2 Business Performance
13.15.3 Product Offering
13.15.4 Key Developmental Strategies
13.15.5 SWOT Analysis
*The list of company is subject to change during the final compilation of the report

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