The global Floating Production Systems market is expected to grow upto US$ 200 Million by 2027, at CAGR of about 20.03% during the forecast period.
Floating production systems are offshore drilling equipments that are applied for the extraction of crude oil from offshore fields. Weight and design of the floating production systems be contingent on the drilling conditions and region where they are used. Floating production systems are of numerous shapes and sizes, ranging from cylindrical form to that of a ship shape. Normal design of FPS equipment contains a ship shaped vessel, through processing equipments on the vessel’s deck and hydrocarbon storage in the hull of the vessel. Several types of floating production systems are used depending on the requirements and specifications. Highly used FPS is Floating Production Storage and Offloading equipment. FPSOs are favored mainly in frontier offshore regions as they are calmer to install and does not need a pipeline infrastructure or a tanker to transport crude oil from well head to refinery location. They can easily be transformed from an oil tanker or can be industrial from a vessel for a particular type of application. FPSOs can operate from shallow to ultra deep water fields. They can effortlessly work in harsh environments. FPSOs are less in weight and wide deck area of large tanker delivers flexibility in process plant layout. Various other types of FPS equipments like FSO, Spar and Tension leg platform are also used to carry out drilling activities in offshore fields.
The global Floating Production Systems market is segregated on the basis of Water Depth as Deepwater and Ultra-deepwater and Shallow Water. Based on Type the global Floating Production Systems market is segmented in SPAR, Barge, Tension Leg Platform, and FPSO.
The global Floating Production Systems market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Floating Production Systems market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Hyundai Heavy Industries Co. Ltd, Mitsubishi Heavy Industries Ltd, TechnipFMC PLC, MODEC Inc., Teekay Corporation, Keppel Offshore and Marine Ltd, Malaysia Marine and Heavy Engineering SDN BHD, Samsung Heavy Industries Co. Ltd, SBM Offshore NV, Bumi Armada Berhad, and others are among the major players in the global Floating Production Systems market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Floating Production Systems Market has been segmented as below:
Floating Production Systems Market, By Water Depth
Floating Production Systems Market, By Type
Floating Production Systems Market, By Region
Floating Production Systems Market, By Company
The report covers:
Report Scope:
The global Floating Production Systems market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Floating Production Systems market share. Major industry players with significant revenue share include Hyundai Heavy Industries Co. Ltd, Mitsubishi Heavy Industries Ltd, TechnipFMC PLC, MODEC Inc., Teekay Corporation, Keppel Offshore and Marine Ltd, Malaysia Marine and Heavy Engineering SDN BHD, Samsung Heavy Industries Co. Ltd, SBM Offshore NV, Bumi Armada Berhad, and others.
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Some of the recent developments in Subsea Manifolds Market are as follows:
SBM Offshore NV
Teekay LNG Partners L.P
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Floating Production Systems Market, By Water Depth
5.1 Introduction
5.2 Deepwater and Ultra-deepwater
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Shallow Water
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6. Floating Production Systems Market, By Type
6.1 Introduction
6.2 SPAR
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Barge
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Tension Leg Platform
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 FPSO
6.5.1 Market Overview
6.5.2 Market Size and Forecast
7. Floating Production Systems Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America Floating Production Systems, By Water Depth
7.2.2 North America Floating Production Systems, By Type
7.3 Europe
7.3.1 Europe Floating Production Systems, By Water Depth
7.3.2 Europe Floating Production Systems, By Type
7.4 Asia-Pacific
7.4.1 Asia-Pacific Floating Production Systems, By Water Depth
7.4.2 Asia-Pacific Floating Production Systems, By Type
7.5 Rest of the World
7.5.1 Rest of the World Floating Production Systems, By Water Depth
7.5.2 Rest of the World Floating Production Systems, By Type
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Hyundai Heavy Industries Co. Ltd
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 Mitsubishi Heavy Industries Ltd
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 TechnipFMC PLC
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 MODEC Inc.
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 Teekay Corporation
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Keppel Offshore and Marine Ltd
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 Malaysia Marine and Heavy Engineering SDN BHD
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Samsung Heavy Industries Co. Ltd
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 SBM Offshore NV
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 Bumi Armada Berhad
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
9.11 Worley Parsons Limited
9.11.1 Company Overview
9.11.2 Product/Service Landscape
9.11.3 Financial Overview
9.11.4 Recent Developments
The Floating Production Systems Market has been segmented as below:
Floating Production Systems Market, By Water Depth
Floating Production Systems Market, By Type
Floating Production Systems Market, By Region
Floating Production Systems Market, By Company
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