Global Floating Production Storage And Offloading Market 2024-2028
The floating production storage and offloading market is forecasted to grow by USD 8.58 bn during 2023-2028, accelerating at a CAGR of 6.34% during the forecast period. The report on the floating production storage and the offloading market 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, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in offshore E and P activities, rising demand for energy, and growing demand for towed floating production storage and offloading.
Technavio's floating production storage and offloading market is segmented as below:
By Type
By Product Type
By Geographical Landscape
- South America
- Middle East and Africa
- APAC
- Europe
- North America
This study identifies the increase in deepwater and ultra-deepwater projects as one of the prime reasons driving the floating production storage and offloading market growth during the next few years. Also, technological advances in floating production storage and offloading and a shift toward production from unconventional oil and gas resources will lead to sizable demand in the market.
The report on the floating production storage and offloading market covers the following areas:
- Floating production storage and offloading market sizing
- Floating production storage and offloading market forecast
- Floating production storage and offloading market industry analysis
The 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 storage and offloading market vendors that include BUMI ARMADA BERHAD, Bluewater Energy Services BV, BP Plc, BW Offshore Ltd., Chevron Corp., China National Offshore Oil Corp., Exxon Mobil Corp., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., MODEC Inc., Petroleo Brasileiro SA, Saipem S.p.A., SBM Offshore NV, Shell plc, TechnipFMC plc, TotalEnergies SE, Vietnam Oil and Gas Group, Woodside Energy Group Ltd., and Yinson Holdings Berhad. Also, the floating production storage and offloading market 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.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.