Global Floating production system Market to reach USD 138.57 billion by 2026

Global Floating Production Storage and Offloading (FPSO) Market Size study with COVID-19 impact, by Propulsion (Self-Propelled, Towed), by Hull Type (Single Hull, Double Hull), by Usage (Shallow Water, Deepwater, Ultra-Deepwater), by Type (New-Build, Converted) and Regional Forecasts 2020-2026
Product Code:  CAMOAGI_11142236

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Floating Production Storage and Offloading (FPSO) Market, by Region, 2018-2026 (USD Billion)
1.2.2. Floating Production Storage and Offloading (FPSO) Market, by Propulsion, 2018-2026 (USD Billion)
1.2.3. Floating Production Storage and Offloading (FPSO) Market, by Hull Type, 2018-2026 (USD Billion)
1.2.4. Floating Production Storage and Offloading (FPSO) Market, by Usage, 2018-2026 (USD Billion)
1.2.5. Floating Production Storage and Offloading (FPSO) Market, by Type, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Floating Production Storage and Offloading (FPSO) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Floating Production Storage and Offloading (FPSO) Market Dynamics
3.1. Floating Production Storage and Offloading (FPSO) Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Floating Production Storage and Offloading (FPSO) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Floating Production Storage and Offloading (FPSO) Market, by Propulsion
5.1. Market Snapshot
5.2. Global Floating Production Storage and Offloading (FPSO) Market by Propulsion, Performance – Potential Analysis
5.3. Global Floating Production Storage and Offloading (FPSO) Market Estimates & Forecasts by Propulsion 2016-2026 (USD Billion)
5.4. Floating Production Storage and Offloading (FPSO) Market, Sub Segment Analysis
5.4.1. Self-Propelled
5.4.2. Towed
Chapter 6. Global Floating Production Storage and Offloading (FPSO) Market, by Hull Type
6.1. Market Snapshot
6.2. Global Floating Production Storage and Offloading (FPSO) Market by Hull Type, Performance – Potential Analysis
6.3. Global Floating Production Storage and Offloading (FPSO) Market Estimates & Forecasts by Hull Type 2016-2026 (USD Billion)
6.4. Floating Production Storage and Offloading (FPSO) Market, Sub Segment Analysis
6.4.1. Single Hull
6.4.2. Double Hull
Chapter 7. Global Floating Production Storage and Offloading (FPSO) Market, by Usage
7.1. Market Snapshot
7.2. Global Floating Production Storage and Offloading (FPSO) Market by Usage, Performance – Potential Analysis
7.3. Global Floating Production Storage and Offloading (FPSO) Market Estimates & Forecasts by Usage 2016-2026 (USD Billion)
7.4. Floating Production Storage and Offloading (FPSO) Market, Sub Segment Analysis
7.4.1. Shallow Water
7.4.2. Deepwater
7.4.3. Ultra-Deepwater
Chapter 8. Global Floating Production Storage and Offloading (FPSO) Market, by Type
8.1. Market Snapshot
8.2. Global Floating Production Storage and Offloading (FPSO) Market by Type, Performance – Potential Analysis
8.3. Global Floating Production Storage and Offloading (FPSO) Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
8.4. Floating Production Storage and Offloading (FPSO) Market, Sub Segment Analysis
8.4.1. New-Build
8.4.2. Converted
Chapter 9. Global Floating Production Storage and Offloading (FPSO) Market, Regional Analysis
9.1. Floating Production Storage and Offloading (FPSO) Market, Regional Market Snapshot
9.2. North America Floating Production Storage and Offloading (FPSO) Market
9.2.1. U.S. Floating Production Storage and Offloading (FPSO) Market
9.2.1.1. Propulsion breakdown estimates & forecasts, 2016-2026
9.2.1.2. Hull Type breakdown estimates & forecasts, 2016-2026
9.2.1.3. Usage breakdown estimates & forecasts, 2016-2026
9.2.1.4. Type breakdown estimates & forecasts, 2016-2026
9.2.2. Canada Floating Production Storage and Offloading (FPSO) Market
9.3. Europe Floating Production Storage and Offloading (FPSO) Market Snapshot
9.3.1. U.K. Floating Production Storage and Offloading (FPSO) Market
9.3.2. Germany Floating Production Storage and Offloading (FPSO) Market
9.3.3. Rest of Europe Floating Production Storage and Offloading (FPSO) Market
9.4. Asia-Pacific Floating Production Storage and Offloading (FPSO) Market Snapshot
9.4.1. China Floating Production Storage and Offloading (FPSO) Market
9.4.2. India Floating Production Storage and Offloading (FPSO) Market
9.4.3. Japan Floating Production Storage and Offloading (FPSO) Market
9.4.4. Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market
9.5. Latin America Floating Production Storage and Offloading (FPSO) Market Snapshot
9.5.1. Brazil Floating Production Storage and Offloading (FPSO) Market
9.5.2. Mexico Floating Production Storage and Offloading (FPSO) Market
9.6. Rest of The World Floating Production Storage and Offloading (FPSO) Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Bumi Armada
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. SBM Offshore
10.2.3. Bluewater Energy Services
10.2.4. Teekay
10.2.5. Shell Global
10.2.6. BW Offshore
10.2.7. ExxonMobil
10.2.8. Petrobras
10.2.9. Total
10.2.10. Chevron Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

Global Floating Production Storage and Offloading (FPSO) Market is valued approximately USD 19.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2026. A floating production storage and offloading (FPSO) is a type of floating vessel that is primarily utilized by the offshore oil & gas industry for manufacturing and processing of hydrocarbons, and also for the storing oil. An FPSO vessel is mainly designed to get hydrocarbons manufactured by itself or from nearby subsea template or platform, process them, and store oil up to it can be unloaded into a tanker or, less often, transported via pipeline. A FPSOs are mostly preferred in frontier offshore provinces as they are quite easier to install, and do not need a local pipeline transportation to export oil. These vessels can be a transformation of an oil tanker or can be a vessel developed specially for the application. A vessel is used only for storing oil (without processing it) is known as a floating storage and offloading (FSO) vessel. Growing demand for oil & gas around the world, rising focus on offshore production & exploration activities, and increasing advancement in subsea technologies are the few factors responsible for high CAGR of the market over the forecast period. According to International Energy Agency (IEA), the daily demand for crude oil around the world is expected to reach to almost 100.6 million barrels to 2019 from 96.2 million barrels in 2016. Similarly, as per the Independent Petroleum Association of America, the United States Export of Liquid Natural Gas (LNG) was 3.6 trillion cubic feet (tcf) in 2018 and is expected to reach over 4 tcf till 2024. This, in turn, is expected to accelerate the growth of Floating Production Storage and Offloading (FPSO) market around the world. With the Covid-19 crisis globally, there is shortage in demand of oil & gas followed by the overabundance in global oil markets leading to an acute scarcity of available storage capacities. As a result, the manufacturers may require reducing the production by locking down their rigs and oil wells to prevent plunging into deeper financial problems thereby, the requirement of floating production storage and offloading will decrease in the recent year. However, high initial cost of developing FPSOs, along with volatile prices of oil & gas are always being consider as the major restraining factors to the market growth over the forecast period of 2020-2026.

The regional analysis of global Floating Production Storage and Offloading (FPSO) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rise in demand for offshore oil & gas production, coupled with increasing investments to support energy infrastructure growth in the region. Whereas, South America and East Africa is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the rapid growth in oil & gas reserves, aided with favorable government support to oil & gas industry located in the region.

Major market player included in this report are:
Bumi Armada
SBM Offshore
Bluewater Energy Services
Teekay
Shell Global
BW Offshore
ExxonMobil
Petrobras
Total
Chevron Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Propulsion:
Self-Propelled
Towed

By Hull Type:
Single Hull
Double Hull

By Usage:
Shallow Water
Deepwater
Ultra-Deepwater

By Type:
New-Build
Converted

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Floating Production Storage and Offloading (FPSO) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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