Global Floating Production Storage and Offloading (FPSO) Market Growth 2023-2029

Global Floating Production Storage and Offloading (FPSO) Market Growth 2023-2029

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

LPI (LP Information)' newest research report, the “Floating Production Storage and Offloading (FPSO) Industry Forecast” looks at past sales and reviews total world Floating Production Storage and Offloading (FPSO) sales in 2022, providing a comprehensive analysis by region and market sector of projected Floating Production Storage and Offloading (FPSO) sales for 2023 through 2029. With Floating Production Storage and Offloading (FPSO) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Floating Production Storage and Offloading (FPSO) industry.

This Insight Report provides a comprehensive analysis of the global Floating Production Storage and Offloading (FPSO) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Floating Production Storage and Offloading (FPSO) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Floating Production Storage and Offloading (FPSO) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Floating Production Storage and Offloading (FPSO) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Floating Production Storage and Offloading (FPSO).

The global Floating Production Storage and Offloading (FPSO) market size is projected to grow from US$ 20680 million in 2022 to US$ 29470 million in 2029; it is expected to grow at a CAGR of 29470 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Floating Production Storage and Offloading (FPSO) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Spread Mooring

Single Point Mooring (SPM)

Dynamic Positioning (DP)

Segmentation by application

Shallow Water

Deep Water

Ultra-deep Water

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Floating Production Storage and Offloading (FPSO) market?

What factors are driving Floating Production Storage and Offloading (FPSO) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Floating Production Storage and Offloading (FPSO) market opportunities vary by end market size?

How does Floating Production Storage and Offloading (FPSO) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.