Global Floating Production Storage and Offloading Equipment Market Growth 2023-2029

Global Floating Production Storage and Offloading Equipment Market Growth 2023-2029

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

United States market for Floating Production Storage and Offloading Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Floating Production Storage and Offloading Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Floating Production Storage and Offloading Equipment is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Floating Production Storage and Offloading Equipment players cover YOKOGAWA, MODEC, Kawasaki Kisen Kaisha, Chevron, Petronas, Aker Solutions ASA, Bluewater Energy Services B.V., Bumi Armada Berhad and BW Offshore, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Floating Production Storage and Offloading Equipment (FPSO) is a type of offshore oil extraction equipment commonly used in deep-sea oil fields far from land. It is a floating production, storage, and unloading facility that combines production, storage, and unloading functions in one. FPSO is typically a large vessel with production equipment and oil storage tanks on its topside and an anchoring system on its underside to keep it stable. FPSO is a flexible solution that can be moved and reconfigured as needed.

FPSO equipment typically consists of the following main components:

Production equipment: including drilling equipment, production well equipment, processing equipment, and compression equipment, used to extract and process crude oil from the seabed.

Oil storage tanks: used to store crude oil, usually located in the lower part of the ship to maintain stability.

Unloading equipment: including tanker loading and unloading equipment and filling equipment, used to unload crude oil onto other ships or shore facilities.

The advantages of FPSO equipment include:

Flexibility: can be moved and reconfigured as needed.

Adaptability: suitable for various water depths and climate conditions.

Cost-effectiveness: lower construction and maintenance costs compared to traditional onshore or seabed oil field extraction equipment.

LPI (LP Information)' newest research report, the “Floating Production Storage and Offloading Equipment Industry Forecast” looks at past sales and reviews total world Floating Production Storage and Offloading Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Floating Production Storage and Offloading Equipment sales for 2023 through 2029. With Floating Production Storage and Offloading Equipment 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 Equipment industry.

This Insight Report provides a comprehensive analysis of the global Floating Production Storage and Offloading Equipment 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 Equipment 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 Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Floating Production Storage and Offloading Equipment 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 Equipment.

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

Market Segmentation:

Segmentation by type
LPG Storage Equipment
LNG Storage Equipment
Others

Segmentation by application
Shallow Sea Production Operations
Deep Sea Production Operations

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.
YOKOGAWA
MODEC
Kawasaki Kisen Kaisha
Chevron
Petronas
Aker Solutions ASA
Bluewater Energy Services B.V.
Bumi Armada Berhad
BW Offshore
ExxonMobil
Petrobras
SBM Offshore
Shell
Teekay Corporation
Yinson Holdings Berhad

Key Questions Addressed in this Report

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

What factors are driving Floating Production Storage and Offloading Equipment 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 Equipment market opportunities vary by end market size?

How does Floating Production Storage and Offloading Equipment 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.