Floating Production System Market Analysis

  • Report ID: 3826
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Floating Production System Market Analysis

Type {Floating Production, Storage, and Offloading (FPSO), Tension Leg Platforms (TLPs), Spars}

The FPSO segment in the floating production system market is anticipated to garner the largest growth share of 60% in the given years due to the growing production of hydrocarbons along with increasing developments of remote gas fields. FPSOs are widely used owing to their typical characteristics of storing and offloading the produced crude oil. It also enables long-distance movements and is used for exploration in several fields.

Water Depth (Shallow Water, Deep & Ultra- Deepwater)

Floating production system market from the deep & ultra-deepwater segment is predicted to hold the highest revenue ratio in the upcoming years.  The segment enlargement is accredited to the growing energy demand worldwide together with intensely increasing deepwater expeditions for obtaining crude oil, and natural gas.

Our in-depth analysis of the global market includes the following segments:

           Type

  • Floating Production, Storage, and Offloading (FPSO)
  • Tension Leg Platforms (TLPs)
  • Spars

           Water Depth

  • Shallow Water
  • Deep & Ultra-Deep Water

            Build

  • New
  • Converted
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 3826
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing demand for crude oil and natural gas along with the growing oil and gas industry and rising offshore exploration activity are the major factors driving the growth of the floating production system market.

The market size of the floating production system is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023 � 2035.

The major players in the market are Mitsubishi Heavy Industries Ltd., Nippon Yusen Kabushiki Kaisha (NYK Line), Shell International B.V., TechnipFMC PLC, Hyundai Heavy Industries Co. Ltd., Keppel Offshore & Marine Ltd., Samsung Heavy Industries Co. Ltd., Bumi Armada Group, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Teekay Tankers Ltd., Reliance Naval and Engineering Limited.

The FPSO segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Latin America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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