Global FPSO Market Size, Industry Analysis, Growth Drivers, Trends and Opportunity Assessment till 2021
As
the large amount of data is being generated everyday by companies all over the
world, a new research study titled “FPSO
Market, By Type (Converted,
New-build, and Redeployed), By Water Depth (Shallow water, Deepwater, and
Ultra-deepwater) – Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2015 – 2021” has been generated and recently
added into the vast database of Market Research Reports Search Engine (MRRSE).
The report is a result of in-depth analysis of global FPSO Market covering its past trends and estimating future prospects during
assessment period 2015 to 2021
To Get Sample Report @ https://www.mrrse.com/sample/1413
A floating,
production, storage and offloading (FPSO) vessel are a type of floating
production system used for offshore production, storage and offloading of oil
and gas. Generally, a FPSO vessel is a converted oil tanker, or a newly
constructed FPSO unit. A FPSO is often similar in appearance to a ship,
equipped with production and processing facilities onboard. Furthermore, FPSOs
consist of offloading facilities for the purpose of transporting processed oil
and gas to onshore receiving facilities through a shuttle tanker.
FPSO market is
expected to see a robust growth during the forecast period attributed to the
rising investment in offshore oil and gas exploration, especially in deepwater
(500 to 1,499 meters) and ultra-deepwater (1,500 meters and above). Depleting
present oil and gas fields globally is leading to rising concern for
exploration of new oil and gas reserves for the purpose of meeting future
energy requirements. Due to this factor, the oil and gas exploration companies
have pushed exploration of oil and gas, from onshore to offshore, which in turn
is driving the FPSO market growth. Furthermore, requirement of high investment
or capital expenditure and technical challenges involved in installation of
fixed production platforms or infrastructures in remote locations is driving
the FPSO market growth. Additionally, ability of FPSOs to sustain harsh working
environment and capability of FPSO to be moored at different locations after
depletion of existing operating oil field is further driving the demand for
FPSOs from oil and gas producers across the globe.
However, high capital
expenditure requirement for construction or building of a new FPSO vessel is
restraining the market growth. Moreover, volatile oil prices is affecting the
flow of cash in the FPSO industry, limiting the market growth. Additionally,
rising environmental concern related to the pollution caused by oil spills due
to leakage and damage of a FPSO vessel is further restricting the growth of
FPSO market during the forecast period. Moreover, legal complexities over
proposed field and local content requirements is leading to delay in project
execution and cost overruns, restraining the market growth.
Key opportunity of the
global FPSO market lies in conversion of oil tankers, refurbishment and
upgrades of FPSOs. Presently, majority of the FPSO contracts between FPSO
providers and oil companies are based on the lease and operate structure. To
meet the complex requirement for building and construction of advanced FPSOs,
opportunities lies in collaboration and partnership among various players
present in different stages of the value chain of FPSO industry.
This market research
study analyzes the global FPSO market and provides estimates in terms of
revenue (USD Billion) from 2015 to 2021. It recognizes the drivers, restraints
and opportunities affecting the industry and analyzes their impact over the
forecast period.
By geography, market
is segmented into Americas, Europe, Asia, Africa and Oceania. In addition, the
report segments the market based on the type, which include converted,
new-build and redeployed. It also segments the market on the basis of water
depth as shallow water (up to 499 meters), deepwater (500 meters to 1,499
meters) and ultra-deepwater (1,500 meters and above). All these segments have
also been estimated on the basis of geography.
For better
understanding of the global FPSO market, key trend analysis is also provided.
Furthermore, the study comprises a market attractiveness analysis, where the
types of FPSOs are benchmarked based on their market scope, growth rate and
general attractiveness.
The report provides
company market share analysis of various industry participants. The key players
have also been profiled on the basis of company overview, financial overview,
business strategies, and the recent developments in the field of FPSO. Major
market participants profiled in this report include MODEC, Inc. (Japan), SBM
Offshore N.V. (Netherlands), BW Offshore (Norway), Bluewater Energy Services
B.V.(Netherlands), Aker Solutions ASA (Norway), Hyundai Heavy Industries Co.,
Ltd. (South Korea), Bumi Armada Berhad (Malaysia), Yinson Holdings Berhad (Malaysia),
Teekay Corporation (Bermuda) and Samsung Heavy Industries Co., Ltd.
Global FPSO Market: By
Type
·
Converted
·
New-build
·
Redeployed
Global FPSO Market: By
Water Depth
·
Shallow water
·
Deepwater
·
Ultra-deepwater
Global FPSO Market: By
Geography
·
Americas
o U.S.
o Canada
o Mexico
o Brazil
·
Europe
o U.K.
o Norway
o Italy
·
Asia
o India
o China
o Southeast Asia
·
Africa
o West Africa
o Rest of Africa
·
Oceania
o Australia
o New Zealand
The report provides a
cross-sectional analysis of all the above segments with respect to the
following regions:
·
Americas
·
Europe
·
Asia
·
Africa
·
Oceania
Enquire about this
Report @ https://www.mrrse.com/enquiry/1413
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