Global FPSO Market - Opportunity and Forecast, 2016 - 2025

Global FPSO Market

- Opportunity and Forecast, 2016 - 2025

  • Date Energy and Power
  • Date April 2018
  • price $3619 $2607
Discount Banner

Floating, production, storage, and offloading (FPSO) unit is used in oil & gas industry to manufacture and process hydrocarbons and for storage of oil. This unit is designed to accumulate hydrocarbons produced by the production plant, and stores them until they are offloaded into a tanker or transferred through a pipeline. In addition, these units are effective in deep water or remote locations, where seabed pipelines are not affordable. Moreover, the need to install long-distance pipelines from the processing facility to onshore points is eliminated, which presents an affordable solution for smaller oil fields. Furthermore, on depletion of fields, the unit can be shifted to a new location.

Growth in demand for exploration & production in offshore fields and increase in demand for converted FPSO are factors that fuel the growth of the FPSO market. However, low crude oil prices limit the market growth. Adoptability for operation in deep well and high return on investment create new growth opportunities for the market.

The global FPSO market is segmented on the basis of product type, depth, and geography. Based on product type, the market is classified into converted, redeployed, and newly built. Water depth segment is categorized into shallow water, deep water, and ultra-deep water. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global FPSO market are SBM Offshore N.V., Hyundai Heavy Industries Co. Ltd., MODEC Inc., BW Offshore, Yinson Holdings Berhad, Aker Solutions ASA, Samsung Heavy Industries Co. Ltd., Teekay Corporation, Bluewater Energy Services B.V., and others. These players have adopted product launches, merger & acquisition, expansion, collaborations, joint ventures, partnerships, and others to strengthen their position in the industry.

License Type
Single User PDF
Enterprise Online /PDF
User / Sharing
Restricted to one authorized user
Unlimited within company / enterprise
One Print only
Unlimited within company / enterprise
Delivery Formats

20% Free customization (Pre-sale)

16 Analyst hour support (Post Sale)

40 Analyst hour support (Post Sale)

160 hours of mini-consult

Free quarterly industry update

Free report on update (within 180 days)


Complimentary report with 2 reports

Complimentary report with 3 reports

Subscription Model


Similar Market Research Report

Global Railway Traction Motor Market

The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway ... Read More >>


Get Email Alert