The FPSO Market size is estimated at USD 12.04 billion in 2024, and is expected to reach USD 18.11 billion by 2029, growing at a CAGR of 8.5% during the forecast period (2024-2029).
The FPSO market is estimated to be at USD 11.10 billion by the end of this year and is projected to reach USD 16.69 billion in the next five years, registering a CAGR of over 8.5% during the forecast period.
The FPSO market is semi-consolidated. Some of the major players in the market (in no particular order) include Petroleo Brasileiro SA (Petrobras), CNOOC Ltd, TotalEnergies SE, Exxon Mobil Corp., and Shell PLC.
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