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Global Floating Production System Market 2016-2020

Global Floating Production System Market 2016-2020

About FPS

FPS are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths. Main types of FPS include FPSO, production semisubmersibles, TLP, SPARS, and others. Globally, the most common types of FPS units are FPSOs. FPSOs are ship-shaped vessels, which have a processing equipment and hydrocarbon storage capabilities. After processing, an FPSO stores oil or gas before unloading to shuttle tankers or transporting hydrocarbons through pipelines.

Technavio’s analysts forecast the global floating production system (FPS) market to grow at a CAGR of 17.89% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global floating production system (FPS) market for 2016-2020. To calculate the market size, the report considers the the future demand for FPS in the oil and gas industry.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Floating Production System (FPS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BW Offshore
  • Chevron
  • Petrobras
  • Shell
Other prominent vendors
  • Golar LNG
  • Petronas
  • MODEC
  • SBM Offshore
  • TOTAL
  • BP
Market driver
  • Persistent oil and gas demand and production
  • For a full, detailed list, view our report
Market challenge
  • Investment justification in era of low oil prices
  • For a full, detailed list, view our report
Market trend
  • Rise in deepwater and ultra-deepwater exploration
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Floating Production System (FPS) Market 2016-2020

Technavio recognizes the following companies as the key players in the global floating production system (FPS) market: BW Offshore, Chevron, Petrobras, and Shell.

Other Prominent Vendors in the market are: Golar LNG, Petronas, MODEC, SBM Offshore, TOTAL, and BP.

Commenting on the report, an analyst from Technavio’s team said: “Rise in deepwater and ultra-deepwater exploration will be a key trend for market growth. Reservoirs are being discovered to meet the demand and supply of petroleum products. For instance, Petrobras and Oil and Natural Gas Corporation has found a new light oil reservoir in the deepwaters of the coast of the northern state of Sergipe, Brazil. However, after the deceleration in oil and gas industry, discoveries of new oil and gas reservoirs dropped to the lowest level. In 2015, an Israeli company discovered a massive oil reserve in Golan Heights. It is 10 times larger than the average oilfield, worldwide. In another instance, BP confirms a new discovery of a reservoir or reserve, which could produce more than 5,000 barrels per day and it is worth more than $2.13 billion. This increase in discoveries of reservoir is driving the growth of the FPS market.”

According to the report, one of the key drivers for market growth will be growing demand for energy. Growing demand for energy due to economic development and industrialization has led to increased oil and gas exploration activities globally. Increasing offshore exploration and production, and rising number of offshore wells have raised the importance of FPS. The global oil and gas demand is rapidly increasing from various end-user segments. This, in turn, has encouraged various vendors and governments to invest in deep sea and ultra-deep sea drilling to enhance the global production of oil and gas. FPS are offshore drilling equipment that are required to extract oil from offshore fields. Owing to an increase in demand for oil and gas around the globe, there is a large demand for FPS globally.

Further, the report states that one of the major challenges hindering the market growth is increasing environmental concerns related to FPS. The growing deployment of FPS has led to increased environmental impacts such as hydrocarbon release caused by well loss of containment and loss of marine vessel separation, routine atmospheric emissions from gas flaring and fuel combustion, light and noise emissions, and waste disposal and routine discharges to the marine environment. Some of the waste that contains chemicals, which are discharged in open seas, contaminate marine water bodies and affect the flora and fauna. Moreover, oil spills and leakages from FPS also hamper the marine environment. Therefore, increasing environmental concerns pose a major challenge to the growth of the market.

Companies Mentioned

BW Offshore, Chevron, Petrobras, Shell, Golar LNG, Petronas, MODEC, SBM Offshore, TOTAL, BP.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Technological overview
      • Table Factors affecting FPS market
    • Market overview
      • Table Global FPS market
    • Market size and forecast
      • Table Global FPS market by revenue 2015-2020 ($ billions)
      • Table Global FPS market by volume 2015-2020 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by equipment type
    • Global FPS market segmentation by equipment type 2015
      • Table Global FPS market segmentation by equipment type 2015
    • Global FPS market by equipment type 2020
      • Table Global FPS market by application 2020
    • Global FPS market by equipment type 2015-2020 (in %)
    • Global FPS market by FPSO segment
      • Table Global FPS market by FPSO segment 2015-2020 (units)
      • Table Global FPSO units available and operational 2005-2015 (units)
      • Table Global FPSO construction type 2015
      • Table Global floating production 2020
      • Table Global FPSOs currently producing 2016
    • Global FPS market by production semisubmersibles segment
      • Table Global FPS market by production semisubmersibles segment 2015-2020 (units)
      • Table Global production semisubmersibles units available and operational 2005-2015
      • Table Global production semisubmersibles currently producing 2016
    • Global FPS market by TLP segment
      • Table Global FPS market by TLP segment 2015-2020 (units)
      • Table Global TLP units available and operational 2005-2015 (units)
      • Table Global production semisubmersibles currently producing 2016
    • Global FPS market by SPAR segment
      • Table Global FPS market by SPAR segment 2015-2020 (units)
      • Table Global SPAR units available and operational 2005-2015
      • Table Global production semisubmersibles currently producing 2016
  • Geographical segmentation
    • Global FPS market by geography 2015
      • Table Segmentation of global FPS market by geography 2015
    • Global FPS market by geography 2020
      • Table Segmentation of global FPS market by geography 2020
    • Global FPS market by geography 2015-2020
      • Table Segmentation of global FPS market by geography 2015 and 2020
    • FPS market in the Americas
      • Table FPS market in the Americas 2015-2020 ($ billions)
      • Table Unproved technically recoverable wet shale gas reserves in US, Mexico, and Canada (trillion cubic feet) 2015
      • Table Number of liquefaction plants as of May 2016
      • Table Number of regasification units as of May 2016
    • FPS market in EMEA
      • Table FPS market in EMEA 2015-2020 ($ billions)
      • Table LNG liquefaction terminals in EMEA
      • Table LNG regasification units in EMEA
    • FPS market in APAC
      • Table FPS market in APAC 2015-2020 ($ billions)
      • Table LNG liquefaction projects as of May 2016
      • Table Regasification LNG terminals as of May 2016
  • Market drivers
    • Persistent oil and gas demand and production
    • Advantages of FPSO
    • Growing demand for energy
      • Table Oil and gas consumption
      • Table World oil production and consumption 2011-2017 (million barrels per day)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • End of era of easy oil
      • Table Shifting bases of hydrocarbon exploration
    • Rising environmental risks
    • Investment justification in era of low oil prices
      • Table Global crude oil price variation 2007-2016
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Persistent fluctuations in oil rigs
      • Table Fluctuation in operational rigs in US 2000-2020
    • Rise in deepwater and ultra-deepwater exploration
    • High demand for FPS
      • Table FPS system awarded from 1997-2015
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • BW Offshore
    • Chevron
    • Petrobras
    • Shell
  • Appendix
    • List of abbreviations
  • Explore Technavio

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