Global Floating Production, Storage, and Offloading (FPSO) Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

  • Date Materials and Chemicals
  • Date March 2017
  • price $3619
 
 

Floating Production, Storage, and Offloading (FPSO) Market Overview

Global FPSO Market is expected to grow at a CAGR of 15.6% from 2017 to 2025. Floating Production, Storage, and Offloading (FPSO), as the name suggests, is a vessel used for production, storage, and offloading of oil & gas. FPSO systems nearly account one-third of all the floating systems used globally. An FPSO system reduces the requirement of pipelines for transporting oil to the mainland. In deepwater and ultra-deepwater locations, it reduces the transportation cost as pipelines required for transporting oil & gas from deep water are rather expensive. FPSO systems are more efficient than other fixed production systems due their capability of withstanding the harsh environmental conditions. 

Based on the type, the global FPSO market is divided into newly built, converted, and deployed FPSO systems. On the basis of water depth, the market segmentation includes shallow water, deepwater, and ultra-deepwater. Based on application, it is categorized into fuel gas treatment, crude oil separation, nitrogen generation, chemical injection, and seawater injection. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions.

Market Dynamics:

Drivers:

  • Problems associated with installing fixed production and processing facilities is fueling the demand for FPSO.
  • Increase in offshore exploration and oil production activities is also expected to drive the global FPSO market.

Restraints:

  • High cost of building and further testing and deployment of newly built FPSO units may lower the demand for FPSO.
  • The falling oil prices are responsible for weakening the demand for FPSOs since 2014.

Market Players:

The top players in the global FPSO market include Samsung Heavy Industries Ltd., COSCO Shipyard Group Co. Ltd., TOTAL S.A., PetroleoBrasileiro S.A., Sembcorp Marine Limited SGX, SBM Offshore N.V., MODEC, Inc., Keppel Offshore & Marine Ltd., Aker Solutions ASA, and Hyundai Heavy Industries Co. Ltd.

KEY TAKEAWAYS
Global Floating Production, Storage, and Offloading (FPSO) Market

MARKET LANDSCAPE

By Type

  • Newly Built
  • Converted
  • Redeployed

By Water Depth

  • Shallow Water
  • Deepwater
  • Ultra-deepwater

By Application

  • Fuel Gas Treatment
  • Crude Oil Separation
  • Nitrogen Generation
  • Chemical Injection
  • Seawater Injection

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global FPSO Market Shares Analysis, 2014-2025
3.4.1. Global FPSO market share by type, 2014-2025
3.4.2. Global FPSO market share by water depth, 2014-2025
3.4.3. Global FPSO market share by application, 2014-2025
3.4.4. Global FPSO market share by geography, 2014-2025
4. Market by Type
4.1. Newly Built
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Converted
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.3. Redeployed
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025
5. Market by Water Depth
5.1. Shallow Water
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Deepwater
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Ultra-deepwater
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
6. Market by Application
6.1. Fuel Gas Treatment
6.1.1. Historical Market Size by Region, 2014-2016
6.1.2. Market Forecast by Region, 2017-2025
6.2. Crude Oil Separation
6.2.1. Historical Market Size by Region, 2014-2016
6.2.2. Market Forecast by Region, 2017-2025
6.3. Nitrogen Generation
6.3.1. Historical Market Size by Region, 2014-2016
6.3.2. Market Forecast by Region, 2017-2025
6.4. Chemical Injection
6.4.1. Historical Market Size by Region, 2014-2016
6.4.2. Market Forecast by Region, 2017-2025
6.5. Seawater Injection
6.5.1. Historical Market Size by Region, 2014-2016
6.5.2. Market Forecast by Region, 2017-2025
7. Market by Geography
7.1. North America
7.1.1. U.S.
7.1.1.1. Historical Market Size, 2014-2016
7.1.1.2. Market Forecast, 2017-2025
7.1.2. Canada
7.1.2.1. Historical Market Size, 2014-2016
7.1.2.2. Market Forecast, 2017-2025
7.1.3. Mexico
7.1.3.1. Historical Market Size, 2014-2016
7.1.3.2. Market Forecast, 2017-2025
7.2. Europe
7.2.1. UK
7.2.1.1. Historical Market Size, 2014-2016
7.2.1.2. Market Forecast, 2017-2025
7.2.2. Germany
7.2.2.1. Historical Market Size, 2014-2016
7.2.2.2. Market Forecast, 2017-2025
7.2.3. France
7.2.3.1. Historical Market Size, 2014-2016
7.2.3.2. Market Forecast, 2017-2025
7.2.4. Spain
7.2.4.1. Historical Market Size, 2014-2016
7.2.4.2. Market Forecast, 2017-2025
7.2.5. Italy
7.2.5.1. Historical Market Size, 2014-2016
7.2.5.2. Market Forecast, 2017-2025
7.2.6. Rest of Europe
7.2.6.1. Historical Market Size, 2014-2016
7.2.6.2. Market Forecast, 2017-2025
7.3. Asia-Pacific
7.3.1. China
7.3.1.1. Historical Market Size, 2014-2016
7.3.1.2. Market Forecast, 2017-2025
7.3.2. Japan
7.3.2.1. Historical Market Size, 2014-2016
7.3.2.2. Market Forecast, 2017-2025
7.3.3. India
7.3.3.1. Historical Market Size, 2014-2016
7.3.3.2. Market Forecast, 2017-2025
7.3.4. Australia
7.3.4.1. Historical Market Size, 2014-2016
7.3.4.2. Market Forecast, 2017-2025
7.3.5. South Korea
7.3.5.1. Historical Market Size, 2014-2016
7.3.5.2. Market Forecast, 2017-2025
7.3.6. Rest of Asia-Pacific
7.3.6.1. Historical Market Size, 2014-2016
7.3.6.2. Market Forecast, 2017-2025
7.4. LAMEA
7.4.1. Brazil
7.4.1.1. Historical Market Size, 2014-2016
7.4.1.2. Market Forecast, 2017-2025
7.4.2. South Arabia
7.4.2.1. Historical Market Size, 2014-2016
7.4.2.2. Market Forecast, 2017-2025
7.4.3. South Africa
7.4.3.1. Historical Market Size, 2014-2016
7.4.3.2. Market Forecast, 2017-2025
7.4.4. Rest of LAMEA
7.4.4.1. Historical Market Size, 2014-2016
7.4.4.2. Market Forecast, 2017-2025
8. Company profiles
8.1. Aker Solutions ASA
8.1.1. Overview
8.1.2. Financials and business segments
8.1.3. Recent developments
8.2. COSCO Shipyard Group Co. Ltd.
8.2.1. Overview
8.2.2. Financials and business segments
8.2.3. Recent developments
8.3. Hyundai Heavy Industries Co. Ltd.
8.3.1. Overview
8.3.2. Financials and business segments
8.3.3. Recent developments
8.4. Keppel Offshore & Marine Ltd.
8.4.1. Overview
8.4.2. Financials and business segments
8.4.3. Recent developments
8.5. MODEC, Inc.
8.5.1. Overview
8.5.2. Financials and business segments
8.5.3. Recent developments
8.6. PetroleoBrasileiro S.A.
8.6.1. Overview
8.6.2. Financials and business segments
8.6.3. Recent developments
8.7. SBM Offshore N.V.
8.7.1. Overview
8.7.2. Financials and business segments
8.7.3. Recent developments
8.8. Samsung Heavy Industries Ltd.
8.8.1. Overview
8.8.2. Financials and business segments
8.8.3. Recent developments
8.9. Sembcorp Marine Limited SGX
8.9.1. Overview
8.9.2. Financials and business segments
8.9.3. Recent developments
8.10. TOTAL S.A.
8.10.1. Overview
8.10.2. Financials and business segments
8.10.3. Recent developments
 
List of Tables

Table 1. FPSO Market Share, by Type, 2014-2025, $million
Table 2. FPSO Market Share, by Water Depth, 2014-2025, $million
Table 3. FPSO Market Share, by Application, 2014-2025, $million
Table 4. FPSO Market Share, by Region, 2014-2025, $million
Table 5. FPSO Market Value for Newly Built, by Region, 2017-2025, $million
Table 6. FPSO Market Value for Converted, by Region, 2017-2025, $million
Table 7. FPSO Market Value for Redeployed, by Region, 2017-2025, $million
Table 8. FPSO Market Value for Shallow Water, by Region, 2017-2025, $million
Table 9. FPSO Market Value for Deepwater, by Region, 2017-2025, $million
Table 10. FPSO Market Value for Ultra-deepwater, by Region, 2017-2025, $million
Table 11. FPSO Market Value for Fuel Gas Treatment, by Region, 2017-2025, $million
Table 12. FPSO Market Value for Crude Oil Separation, by Region, 2017-2025, $million
Table 13. FPSO Market Value for Nitrogen Generation, by Region, 2017-2025, $million
Table 14. FPSO Market Value for Chemical Injection, by Region, 2017-2025, $million
Table 15. FPSO Market Value for Seawater Injection, by Region, 2017-2025, $million
Table 16. FPSO Market Value for North America, by Country, 2014-2025, $million
Table 17. FPSO Market Value for North America, by Type, 2014-2025, $million
Table 18. FPSO Market Value for North America, by Water Depth, 2014-2025, $million
Table 19. FPSO Market Value for North America, by Application, 2014-2025, $million
Table 20. FPSO Market Value for Europe, by Country, 2014-2025, $million
Table 21. FPSO Market Value for Europe, by Type, 2014-2025, $million
Table 22. FPSO Market Value for Europe, by Water Depth, 2014-2025, $million
Table 23. FPSO Market Value for Europe, by Application, 2014-2025, $million
Table 24. FPSO Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 25. FPSO Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 26. FPSO Market Value for Asia-Pacific, by Water Depth, 2014-2025, $million
Table 27. FPSO Market Value for Asia-Pacific, by Application, 2014-2025, $million
Table 28. FPSO Market Value for LAMEA, by Country, 2014-2025, $million
Table 29. FPSO Market Value for LAMEA, by Type, 2014-2025, $million
Table 30. FPSO Market Value for LAMEA, by Water Depth, 2014-2025, $million
Table 31. FPSO Market Value for LAMEA, by Application, 2014-2025, $million
Table 32. Aker Solutions ASA - Company Snapshot
Table 33. COSCO Shipyard Group Co. Ltd. - Company Snapshot
Table 34. Hyundai Heavy Industries Co. Ltd. - Company Snapshot
Table 35. Keppel Offshore & Marine Ltd. - Company Snapshot
Table 36. MODEC, Inc. - Company Snapshot
Table 37. PetroleoBrasileiro S.A. - Company Snapshot
Table 38. SBM Offshore N.V. - Company Snapshot
Table 39. Samsung Heavy Industries Ltd. - Company Snapshot
Table 40. Sembcorp Marine Limited SGX - Company Snapshot
Table 41. TOTAL S.A. - Company Snapshot

List of Figures

Figure 1. FPSO: Newly Built Market Value, 2014-2016, $million
Figure 2. FPSO: Converted Market Value, 2014-2016, $million
Figure 3. FPSO: Redeployed Market Value, 2014-2016, $million
Figure 4. FPSO: Shallow Water Market Value, 2014-2016, $million
Figure 5. FPSO: Deepwater Market Value, 2014-2016, $million
Figure 6. FPSO: Ultra-deepwater Market Value, 2014-2016, $million
Figure 7. FPSO: Fuel Gas Treatment Market Value, 2014-2016, $million
Figure 8. FPSO: Crude Oil Separation Market Value, 2014-2016, $million
Figure 9. FPSO: Nitrogen Generation Market Value, 2014-2016, $million
Figure 10. FPSO: Chemical Injection Market Value, 2014-2016, $million
Figure 11. FPSO: Seawater Injection Market Value, 2014-2016, $million
Figure 12. FPSO: U.S. Market Value, 2014-2016, $million
Figure 13. FPSO: U.S. Market Value, 2017-2025, $million
Figure 14. FPSO: Canada Market Value, 2014-2016, $million
Figure 15. FPSO: Canada Market Value, 2017-2025, $million
Figure 16. FPSO: Mexico Market Value, 2014-2016, $million
Figure 17. FPSO: Mexico Market Value, 2017-2025, $million
Figure 18. FPSO: UK Market Value, 2014-2016, $million
Figure 19. FPSO: UK Market Value, 2017-2025, $million
Figure 20. FPSO: Germany Market Value, 2014-2016, $million
Figure 21. FPSO: Germany Market Value, 2017-2025, $million
Figure 22. FPSO: France Market Value, 2014-2016, $million
Figure 23. FPSO: France Market Value, 2017-2025, $million
Figure 24. FPSO: Spain Market Value, 2014-2016, $million
Figure 25. FPSO: Spain Market Value, 2017-2025, $million
Figure 26. FPSO: Italy Market Value, 2014-2016, $million
Figure 27. FPSO: Italy Market Value, 2017-2025, $million
Figure 28. FPSO: Rest of Europe Market Value, 2014-2016, $million
Figure 29. FPSO: Rest of Europe Market Value, 2017-2025, $million
Figure 30. FPSO: China Market Value, 2014-2016, $million
Figure 31. FPSO: China Market Value, 2017-2025, $million
Figure 32. FPSO: Japan Market Value, 2014-2016, $million
Figure 33. FPSO: Japan Market Value, 2017-2025, $million
Figure 34. FPSO: India Market Value, 2014-2016, $million
Figure 35. FPSO: India Market Value, 2017-2025, $million
Figure 36. FPSO: Australia Market Value, 2014-2016, $million
Figure 37. FPSO: Australia Market Value, 2017-2025, $million
Figure 38. FPSO: South Korea Market Value, 2014-2016, $million
Figure 39. FPSO: South Korea Market Value, 2017-2025, $million
Figure 40. FPSO: Rest of Asia-Pacific Market Value, 2014-2016, $million
Figure 41. FPSO: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 42. FPSO: Brazil Market Value, 2014-2016, $million
Figure 43. FPSO: Brazil Market Value, 2017-2025, $million
Figure 44. FPSO: Saudi Arabia Market Value, 2014-2016, $million
Figure 45. FPSO: Saudi Arabia Market Value, 2017-2025, $million
Figure 46. FPSO: South Africa Market Value, 2014-2016, $million
Figure 47. FPSO: South Africa Market Value, 2017-2025, $million
Figure 48. FPSO: Rest of LAMEA Market Value, 2014-2016, $million
Figure 49. FPSO: Rest of LAMEA Market Value, 2017-2025, $million
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