Latest research report on “Floating Production Storage and Offloading (FPSO) Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
This report contains market size and forecasts of Floating Production Storage and Offloading (FPSO) in global, including the following market information:
Global Floating Production Storage and Offloading (FPSO) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Floating Production Storage and Offloading (FPSO) Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Floating Production Storage and Offloading (FPSO) companies in 2021 (%)
The global Floating Production Storage and Offloading (FPSO) market was valued at 21750 million in 2021 and is projected to reach US$ 30170 million by 2028, at a CAGR of 4.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Spread Mooring Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Floating Production Storage and Offloading (FPSO) include Dalian Shipbuilding Industry Co., Ltd, China Ocean Shipping (Group) Company, CIMC Raffles, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., Keppel Corporation Limited, Hyundai Heavy Industries, Sembcorp Marine and China State Shipbuilding Corporation and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Floating Production Storage and Offloading (FPSO) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Floating Production Storage and Offloading (FPSO) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, by Type, 2021 (%)
– Spread Mooring
– Single Point Mooring (SPM)
– Dynamic Positioning (DP)
Global Floating Production Storage and Offloading (FPSO) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, by Application, 2021 (%)
– Shallow Water
– Deep Water
– Ultra-deep Water
Global Floating Production Storage and Offloading (FPSO) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Floating Production Storage and Offloading (FPSO) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Floating Production Storage and Offloading (FPSO) revenues share in global market, 2021 (%)
Key companies Floating Production Storage and Offloading (FPSO) sales in global market, 2017-2022 (Estimated), (Units)
Key companies Floating Production Storage and Offloading (FPSO) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Dalian Shipbuilding Industry Co., Ltd
– China Ocean Shipping (Group) Company
– CIMC Raffles
– Samsung Heavy Industries
– Daewoo Shipbuilding & Marine Engineering Co., Ltd.
– Keppel Corporation Limited
– Hyundai Heavy Industries
– Sembcorp Marine
– China State Shipbuilding Corporation
– China Merchants Industry Holdings
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