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Floating Production Storage and Offloading Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 141 pages | ID: FE626D8D72FBEN
IMARC Group

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The global floating production storage and offloading market size reached US$ 20.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2022-2028.
Floating production storage and offloading (FPSO) vessels are used in offshore oil and gas fields to receive hydrocarbons from subsea oil reservoirs and process them into oil, gas and water. These vessels store processed crude oil or natural gas until it is offloaded to a shuttle tanker or transported through an export pipeline to refineries. They have pumps, generators, storage tanks, control rooms and accommodation facilities, which help to extract and refine oil and gas in remote areas at low prices. As compared to conventional offshore oil and gas platforms, FPSO vessels are more flexible, versatile, safe, time-efficient and offer high storage capacity.
FPSO vessels do not require expensive subsea oil pipelines to export oil and can be moved to another location when an existing oilfield is depleted. Consequently, they are gaining preference in frontier regions wherein local pipeline infrastructure is not available and smaller oil and gas fields exhaust in a few years. They are also considered suitable for unfavorable environmental conditions as they comprise detachable turret systems that can be released during an emergency and reattached to continue operations. These factors, in confluence with the rising demand for energy, are acting as major growth-inducing factors bolstering the market growth. Apart from this, the declining onshore oil exploration activities, along with the growing focus on deep-water oil extraction in remote locations, are contributing to the market growth. Moreover, the integration of advanced technologies and digitization of FSPO vessels are anticipated to drive the market further in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global floating production storage and offloading market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on vessel type, design, propulsion type, hull type and application.
Breakup by Vessel Type:
Converted and Redeployed
New-Build
Breakup by Design:
Spread Mooring FPSO Vessels
Single Point Mooring FPSO Vessels
Dynamic Positioning FPSO Vessels
Breakup by Propulsion Type:
Self-Propelled
Towed
Breakup by Hull Type:
Single Hull
Double Hull
Breakup by Application:
Shallow Water
Deepwater
Ultra-deep Water
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bumi Armada Berhad (Usaha Tegas Sdn Bhd), Bluewater Energy Services B.V. (Aurelia Energy N.V.), BP Plc, BW Offshore Limited, Chevron Corporation, Exxon Mobil Corporation, MODEC Inc., Petrуleo Brasileiro S.A., SBM Offshore N.V., Royal Dutch Shell PLC and Teekay Corporation.
Key Questions Answered in This Report
1. How big is the global floating production storage and offloading market?
2. What is the expected growth rate of the global floating production storage and offloading market during 2023-2028?
3. What are the key factors driving the global floating production storage and offloading market?
4. What has been the impact of COVID-19 on the global floating production storage and offloading market?
5. What is the breakup of the global floating production storage and offloading market based on the vessel type?
6. What is the breakup of the global floating production storage and offloading market based on the design?
7. What is the breakup of the global floating production storage and offloading market based on the propulsion type?
8. What is the breakup of the global floating production storage and offloading market based on the hull type?
9. What is the breakup of the global floating production storage and offloading market based on the application?
10. What are the key regions in the global floating production storage and offloading market?
11. Who are the key players/companies in the global floating production storage and offloading market?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY VESSEL TYPE

6.1 Converted and Redeployed
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 New-Build
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY DESIGN

7.1 Spread Mooring FPSO Vessels
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Single Point Mooring FPSO Vessels
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Dynamic Positioning FPSO Vessels
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY PROPULSION TYPE

8.1 Self-Propelled
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Towed
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY HULL TYPE

9.1 Single Hull
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Double Hull
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY APPLICATION

10.1 Shallow Water
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Deepwater
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Ultra-deep Water
  10.3.1 Market Trends
  10.3.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS


14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS


16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Bumi Armada Berhad (Usaha Tegas Sdn Bhd)
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
  16.3.2 Bluewater Energy Services B.V. (Aurelia Energy N.V.)
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
  16.3.3 BP Plc
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 BW Offshore Limited
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Chevron Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Exxon Mobil Corporation
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
  16.3.7 MODEC Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Petrуleo Brasileiro S.A.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 SBM Offshore N.V.
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Royal Dutch Shell PLC
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
  16.3.11 Teekay Corporation
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Floating Production Storage and Offloading Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Vessel Type (in Million US$), 2023-2028
Table 3: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Design (in Million US$), 2023-2028
Table 4: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Propulsion Type (in Million US$), 2023-2028
Table 5: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Hull Type (in Million US$), 2023-2028
Table 6: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Floating Production Storage and Offloading Market: Competitive Structure
Table 9: Global: Floating Production Storage and Offloading Market: Key Players

LIST OF FIGURES

Figure 1: Global: Floating Production Storage and Offloading Market: Major Drivers and Challenges
Figure 2: Global: Floating Production Storage and Offloading Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Floating Production Storage and Offloading Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Floating Production Storage and Offloading Market: Breakup by Vessel Type (in %), 2022
Figure 5: Global: Floating Production Storage and Offloading Market: Breakup by Design (in %), 2022
Figure 6: Global: Floating Production Storage and Offloading Market: Breakup by Propulsion Type (in %), 2022
Figure 7: Global: Floating Production Storage and Offloading Market: Breakup by Hull Type (in %), 2022
Figure 8: Global: Floating Production Storage and Offloading Market: Breakup by Application (in %), 2022
Figure 9: Global: Floating Production Storage and Offloading Market: Breakup by Region (in %), 2022
Figure 10: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Floating Production Storage and Offloading (New-Build) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Floating Production Storage and Offloading (New-Build) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Floating Production Storage and Offloading (Self-Propelled) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Floating Production Storage and Offloading (Self-Propelled) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Floating Production Storage and Offloading (Towed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Floating Production Storage and Offloading (Towed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Floating Production Storage and Offloading (Single Hull) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Floating Production Storage and Offloading (Single Hull) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Floating Production Storage and Offloading (Double Hull) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Floating Production Storage and Offloading (Double Hull) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Floating Production Storage and Offloading (Shallow Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Floating Production Storage and Offloading (Shallow Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Floating Production Storage and Offloading (Deepwater) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Floating Production Storage and Offloading (Deepwater) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: North America: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia-Pacific: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Asia-Pacific: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Europe: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Europe: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Latin America: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Latin America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Middle East and Africa: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Middle East and Africa: Floating Production Storage and Offloading Market: Breakup by Country (in %), 2022
Figure 82: Middle East and Africa: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Global: Floating Production Storage and Offloading Industry: SWOT Analysis
Figure 84: Global: Floating Production Storage and Offloading Industry: Value Chain Analysis
Figure 85: Global: Floating Production Storage and Offloading Industry: Porter’s Five Forces Analysis


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