Floating Production Systems Fps Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00126910
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
Home Energy & Power floating production systems fps....
  • Single User $3500
  • Multi User $4500
  • Enterprise User $5500
Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:9.43
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 9.43
Energy & Power-companies
Energy & Power-Snapshot

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf
Download Sample Pdf

Report Overview

Floating Production Systems (FPS) Market Analysis By Application (Oil & Gas, Renewable Energy), By Type (FPSO, FPU, FLNG, FSRU), and By Region Forecast to 2032:

The Floating Production Systems (FPS) Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for offshore oil and gas production, the exploration of renewable energy sources at sea, and advancements in FPS technology. Floating production systems represent a critical part of the offshore industry, facilitating the extraction of hydrocarbons and harnessing renewable energy in maritime environments.

Floating Production Systems (FPS) Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Floating Production Systems (FPS) Market is the global demand for offshore oil and gas exploration and production. FPS solutions, including Floating Production Storage and Offloading (FPSO) vessels, Floating Production Units (FPU), Floating Liquefied Natural Gas (FLNG) facilities, and Floating Storage and Regasification Units (FSRU), enable energy companies to efficiently extract and process hydrocarbons from offshore reserves.

Furthermore, the exploration of renewable energy sources at sea, such as floating wind turbines and wave energy converters, is driving the adoption of FPS for renewable energy projects. The ability to generate clean energy in offshore locations contributes to the growth of FPS technology.

Trends:

An emerging trend in the FPS market is the development of advanced FPSO technology for deepwater and ultra-deepwater oil and gas reserves. FPSOs are designed to handle production, storage, and offloading of hydrocarbons in challenging offshore environments, and technological advancements are improving their efficiency and safety.

Additionally, the deployment of FLNG facilities for natural gas liquefaction and storage in offshore locations is gaining traction. FLNG offers cost-effective solutions for processing and exporting natural gas from remote offshore gas fields.

Restraints:

One of the key challenges hindering the growth of the Floating Production Systems (FPS) Market is the high capital investment required for the construction and deployment of FPS units. These systems are complex and require substantial financial resources for design, fabrication, and installation.

Moreover, the FPS market is sensitive to fluctuations in oil and gas prices, which can impact investment decisions in offshore projects. Economic and geopolitical factors can also affect the demand for FPS solutions in the oil and gas sector.

Floating Production Systems (FPS) Market Segmentation By Application:

  • Oil & Gas: FPS solutions play a crucial role in the extraction, processing, and storage of offshore oil and gas reserves, including crude oil and natural gas.
  • Renewable Energy: FPS technology is increasingly used for harnessing renewable energy sources at sea, such as floating wind turbines and wave energy converters.

Floating Production Systems (FPS) Market Segmentation By Type:

  • FPSO (Floating Production Storage and Offloading): FPSOs are versatile units designed for the production, storage, and offloading of oil and gas. They are widely used in offshore oil and gas projects.
  • FPU (Floating Production Unit): FPUs are designed for various offshore production and processing activities, including oil and gas production, water injection, and gas compression.
  • FLNG (Floating Liquefied Natural Gas): FLNG facilities are utilized for the liquefaction, storage, and offloading of natural gas from offshore gas fields.
  • FSRU (Floating Storage and Regasification Unit): FSRUs are floating terminals that store and regasify liquefied natural gas (LNG) for delivery to onshore markets.

Regional Overview:


Download the report summary now!

Request pdf Sample

  • Europe is poised to be a key contributor to the global Floating Production Systems (FPS) Market, accounting for approximately 35% of the market's growth during the forecast period. The region's extensive offshore oil and gas reserves and investments in renewable energy projects drive the demand for FPS solutions.
  • Asia-Pacific is another significant market, with countries like China and Australia investing in offshore oil and gas exploration and offshore wind energy projects, leading to a growing need for FPS technology.

Floating Production Systems (FPS) Market Customer Landscape:

The Floating Production Systems (FPS) Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on penetration and includes key purchase criteria and price sensitivity drivers to assist companies in formulating effective growth strategies.

Major Floating Production Systems (FPS) Market Companies:

Companies in the FPS market are dedicated to providing advanced solutions for offshore oil and gas production and renewable energy projects.

Example companies include:

  • SBM Offshore: SBM Offshore specializes in FPSO and FPU solutions, offering reliable and efficient systems for offshore oil and gas production.
  • TechnipFMC: TechnipFMC provides comprehensive FPS solutions, including FLNG and FSRU technology, to support offshore energy projects worldwide.
  • MODEC, Inc.: MODEC focuses on FPSO solutions and services, ensuring the efficient and safe production of hydrocarbons in offshore environments.

The competitive landscape analysis in the report provides insights into key market players, including:

  • Bumi Armada Berhad
  • BW Offshore
  • Teekay Corporation
  • Petrobras
  • Woodside Energy Ltd.
  • Royal Dutch Shell plc
  • TotalEnergies SE
  • Equinor ASA
  • ExxonMobil Corporation
  • Chevron Corporation

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The Floating Production Systems (FPS) Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Oil & Gas
    • Renewable Energy
  • Type Outlook (USD Million, 2019 - 2032):
    • FPSO
    • FPU
    • FLNG
    • FSRU
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Floating production systems (FPS) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Floating production systems (FPS) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Floating production systems (FPS) Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Floating production systems (FPS) Of Suppliers

    4.5.2. Floating production systems (FPS) Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Floating production systems (FPS) MARKET BY type landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 FPSO

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Tension Leg Platform

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 SPAR

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5 Barge

    5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Floating production systems (FPS) MARKET BY Water depth INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Shallow Water

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Deepwater and Ultra-deepwater

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Floating production systems (FPS) MARKET REGIONAL OUTLOOK

7.1. Floating production systems (FPS) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027 (USD Million)

    7.2.2. North America Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Floating production systems (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Floating production systems (FPS) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America FLOATING PRODUCTION SYSTEMS (FPS) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Floating production systems (FPS) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Floating production systems (FPS) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Floating production systems (FPS) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 TechnipFMC PLC

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 SBM Offshore

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Keppel Offshore & Marine Ltd

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Mitsubishi Heavy Industries Ltd

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Bumi Armada Berhad

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

You can also purchase parts of this report. Do you want to check out a section wise price list?
Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

  • Our expert analysts collaborate directly with you to comprehend your specific needs.
  • Get data on regions, segments, competitors, and vendors of your choice.
  • Information is presented in alignment with your exact preferences and formatting.
Request for customization
Report Snapshot
Free Sample Report

"Find new revenue generation opportunities"