MacGregor and TechnipiFMC have signed a memorandum of understanding to collaborate on upgrading the existing FPSO bow loading systems. The focus will be on improving efficiency, safety, and reliability through automation and digitalization technologies.
NOV has unveiled its next generation Bow Loading System designed specifically for FPSOs. The system features reduced maintenance requirements and enhanced operability in harsh weather conditions.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5459
Published Date: Dec 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing demand for crude oil and increasing focus on environment sustainability are some of the major factors anticipated to drive the growth of the bow loading system for oil and gas market.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.
The major players in the market are of ABS Group, BBA FLexco, Hydac International, Forum Energy Technologies, Halliburton, Cameron, Trelleborg Offshore, and others.
The hose handling system segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.