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Floating production systems are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths.
LPI (LP Information)' newest research report, the "Floating Production System Industry Forecast" looks at past sales and reviews total world Floating Production System sales in 2022, providing a comprehensive analysis by region and market sector of projected Floating Production System sales for 2023 through 2029. With Floating Production System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Floating Production System industry.
This Insight Report provides a comprehensive analysis of the global Floating Production System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Floating Production System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Floating Production System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Floating Production System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Floating Production System.
The global Floating Production System market size is projected to grow from US$ 31260 million in 2022 to US$ 86560 million in 2029; it is expected to grow at a CAGR of 86560 from 2023 to 2029.
The FPSO market segment accounted for about 62% of the total market share and dominated the market. FPSOs are mainly used by companies to extract crude oil through offshore drilling activities, It has a field storage capability and can be used in locations where there is no accessibility to pipeline infrastructure. Eliminating the requirement for pipeline infrastructure, FPSOs reduce operational costs for transporting crude oil.
This report presents a comprehensive overview, market shares, and growth opportunities of Floating Production System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- FPSO (Floating Production Storage and Offloading)
- Production Semisubmersible
- SPAR
- TLP (Tension Leg Platforms)
- Other
Segmentation by application
- Energy Enterprises
- Government
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Chevron
- Petrobras
- Shell
- BW Offshore
- TOTAL
- BP
- Golar LNG
- Petronas
- MODEC
- SBM Offshore
Key Questions Addressed in this Report
What is the 10-year outlook for the global Floating Production System market?
What factors are driving Floating Production System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Floating Production System market opportunities vary by end market size?
How does Floating Production System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?