Global Floating Production Storage and Offloading (FPSO) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Floating Production Storage and Offloading (FPSO) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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

According to our (Global Info Research) latest study, the global Floating Production Storage and Offloading (FPSO) market size was valued at US$ 22960 million in 2023 and is forecast to a readjusted size of USD 31930 million by 2030 with a CAGR of 4.9% during review period.

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.

This report is a detailed and comprehensive analysis for global Floating Production Storage and Offloading (FPSO) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Floating Production Storage and Offloading (FPSO) market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Floating Production Storage and Offloading (FPSO) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Floating Production Storage and Offloading (FPSO) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2019-2030

Global Floating Production Storage and Offloading (FPSO) market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Floating Production Storage and Offloading (FPSO)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Floating Production Storage and Offloading (FPSO) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include 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.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

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. This analysis can help you expand your business by targeting qualified niche markets.

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 quantity, 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 by Application, with sales market share and growth rate by Type, by 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 2019 to 2024.and Floating Production Storage and Offloading (FPSO) market forecast, by regions, by Type, and by 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.