Floating Production Systems (FPS) Market in Americas 2022-2026

Floating Production Systems (FPS) Market in Americas 2022-2026

Technavio has been monitoring the floating production systems (FPS) market in Americas and it is poised to grow by $ 22.73 bn during 2022-2026, accelerating at a CAGR of 8.24% during the forecast period. Our report on the floating production systems (FPS) market in Americas provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in the demand for energy, increasing investments in offshore E and P activities, and advantages associated with the deployment of FPS.

The floating production systems (FPS) market in Americas analysis includes the type segment and geographic landscape.

Technavio's floating production systems (FPS) market in Americas is segmented as below:

By Type

• FPSO
• Semi-submersible
• SPAR
• TLP
• Others

By Geographical Landscape

• South America
• North America
• Brazil
• US
• Mexico
• Canada

This study identifies the increase in deepwater and ultra-deepwater projects as one of the prime reasons driving the floating production systems (FPS) market growth in Americas during the next few years. Also, advances in FPS and rise in unconventional oil and gas activities will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on floating production systems (FPS) market in Americas covers the following areas:

• Floating production systems (FPS) market sizing
• Floating production systems (FPS) market forecast
• Floating production systems (FPS) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floating production systems (FPS) market vendors in Americas that include BHP Group plc, BP Plc, BW Offshore Ltd., Canadian Natural Resources Ltd., Cenovus Energy Inc., Chevron Corp., Excelerate Energy Inc., Golar LNG Ltd., Hoegh LNG Holdings Ltd., MODEC Inc., Murphy Oil Corp., Petroleo Brasileiro SA, SAIPEM SpA, SBM Offshore NV, Shell plc, Suncor Energy Inc., Teekay Corp., TotalEnergies SE, W&T Offshore Inc., and Yokogawa Electric Corp. Also, the floating production systems (FPS) market in Americas analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.