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Floating Production Storage and Offloading Market by Type (New-Build & Converted), Hull Type (Single & Double), Propulsion (Self-propelled & Towed), Usage (Shallow water, Deepwater & Ultra-Deepwater), and Region - Global Forecast to 2024

Floating Production Storage and Offloading Market by Type (New-Build & Converted), Hull Type (Single & Double), Propulsion (Self-propelled & Towed), Usage (Shallow water, Deepwater & Ultra-Deepwater), and Region - Global Forecast to 2024

The floating production storage and offloading market is projected to reach USD 26.0 billion by 2024, recording a CAGR of 5.9% from 2019 to 2024
The floating production storage and offloading market is projected to reach USD 26.0 billion by 2024 from an estimated USD 19.5 billion in 2019, recording a CAGR of 5.9% during the forecast period. Increase in the deep- and ultra-deepwater oil & gas production and cost-efficient procedure of oil & gas production are factors projected to drive the demand for the floating production storage and offloading market, globally.

The converted segment is projected to dominate the floating production storage and offloading market during the forecast period
Utilizing the old transportation vessel for various applications is projected to be one of the leading trends due to various challenges related to the decommissioning of existing structures, such as decommissioning methodology, cost, technology, facility removal regulations, and disposal routes. Hence, the demand for converted FPSOs remains higher than the new-build FPSOs.

The self-propelled segment is projected to dominate the floating production storage and offloading global market during the forecast period
Low transportation costs and time to transport crude oil and natural gas to end-user industries, such as refineries and gas liquefaction plants, directly from the offshore production facilities are factors that are projected to drive the demand for self-propelled FPSOs in the floating production storage and offloading market.

The Americas is projected to dominate the floating production storage and offloading market during the forecast period.
The floating production storage and offloading market in the Americas is projected to grow at the fastest rate during the forecast period. Increasing investments by the government to support energy infrastructure growth and rising demand for offshore oil & gas production in countries such as Mexico and Brazil are factors that are projected to drive the growth of the floating production storage and offloading market.

Breakdown of Primaries:
In-depth interviews were conducted with key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier I–60%, Tier II–27%, and Tier III–13%
By Designation: C-level–55%, Managers–30%, and Others*–15%
By Region: Americas- 42%, Asia Pacific- 24%, Europe- 18%, Middle East & Africa- 16%

*Others includes sales managers, marketing managers, product managers, and product engineers.
Note: The tier of the companies is defined on the basis of their total revenue as of 2017; tier 1: USD 1 billion, tier 2: from USD 1 billion to USD 500 million, and tier 3:

The floating production storage and offloading market is dominated by a few major players that have a wide regional presence. The leading players include the Bumi Armada (Malaysia), Shell (Netherlands), BP (UK), ExxonMobil (US), Petrobras (Brazil), Chevron (US), MODEC (Japan), Teekay (Bermuda), SBM Offshore (Netherlands), and BW Offshore (Norway).

Research Coverage:
The report defines, describes, and forecasts the floating production storage and offloading market, on the basis of type, propulsion, hull type, usage, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, future trends, and market estimates, in terms of value, in the floating production storage and offloading market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • SCOPE
    • MARKET SIZE ESTIMATION
      • DEMAND-SIDE ANALYSIS
        • Table ANNUAL TOTAL NUMBER OF OPERATIONAL FPSO, DAY RATES OF FPSO, AND THEIR UTILIZATION RATES ARE THE DETERMINING FACTORS FOR THE GLOBAL FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET
    • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY TYPE
    • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY HULL TYPE
    • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY PROPULSION
    • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY USAGE
    • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY PROPULSION
    • INTRODUCTION
      • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY PROPULSION, 2017-2024 (USD MILLION)
    • SELF-PROPELLED
      • LOW TRANSPORTATION COST AND LESS TIME TO TRANSPORT CRUDE OIL AND NATURAL GAS TO END-USERS ARE LIKELY TO BOOST THE DEMAND FOR SELF-PROPELLED FPSO
        • Table SELF-PROPELLED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • TOWED
      • GROWING DEMAND FOR NEW-BUILD FPSO WOULD FOSTER THE DEMAND FOR TOWED FPSO
        • Table TOWED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY HULL TYPE
    • INTRODUCTION
      • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY HULL TYPE, 2017-2024 (USD MILLION)
    • SINGLE HULL
      • LOW MAINTENANCE AND GREATER STABILITY ARE LIKELY TO GENERATE THE DEMAND FOR SINGLE HULL TYPE FPSO
        • Table SINGLE HULL: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • DOUBLE HULL
      • PROTECTION OF VESSELS FROM MARINE POLLUTION AND WATER INGRESSION IS LIKELY TO FOSTER THE DEMAND FOR THE DOUBLE HULL SEGMENT
        • Table DOUBLE HULL: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY USAGE
    • INTRODUCTION
      • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY USAGE, 2017-2024 (USD MILLION)
    • SHALLOW WATER
      • COST-EFFICIENCY AND CLEAR COMPLIANCE REQUIREMENTS ARE LIKELY TO BOOST DEMAND FOR FPSO IN SHALLOW WATER
        • Table SHALLOW WATER: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • DEEPWATER
      • EASY TRANSPORTATION OF CRUDE OIL AND NATURAL GAS USING FPSO IN DEEPWATER IS LIKELY TO FOSTER THE DEMAND FOR DEEPWATER FPSO
        • Table DEEPWATER: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • ULTRA-DEEPWATER
      • LACK OF PIPELINE INFRASTRUCTURE IN ULTRA-DEEPWATER IS LIKELY TO FOSTER THE DEMAND FOR FPSO IN ULTRA-DEEPWATER
        • Table ULTRA-DEEPWATER: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY TYPE
    • INTRODUCTION
      • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
    • NEW-BUILD
      • NEW-BUILD FPSO IS DESIGNED WITH ADVANCED FEATURES & MEET ALL THE REGULATORY REQUIREMENTS WHICH IS LIKELY TO GENERATE ITS DEMAND
        • Table NEW-BUILD: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • CONVERTED
      • LOWER MODIFICATION COST AND LESSER CONSTRUCTION TIME TO BUILD CONVERTED FPSO IS LIKELY TO FOSTER ITS DEMAND IN THE FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET
        • Table CONVERTED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET, BY REGION
    • INTRODUCTION
      • Table FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
    • AMERICAS
      • BY PROPULSION
        • Table AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY PROPULSION, 2017-2024 (USD MILLION)
      • BY HULL TYPE
        • Table AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY HULL TYPE, 2017-2024 (USD MILLION)
      • BY USAGE
        • Table AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY USAGE, 2017-2024 (USD MILLION)
      • BY TYPE
        • Table AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NEW-BUILD: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table CONVERTED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BY COUNTRY
        • Table AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table BRAZIL: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table MEXICO: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table US: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table CANADA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF AMERICAS: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
    • ASIA PACIFIC
      • BY PROPULSION
        • Table ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY PROPULSION, 2017-2024 (USD MILLION)
      • BY HULL TYPE
        • Table ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY HULL TYPE, 2017-2024 (USD MILLION)
      • BY USAGE
        • Table ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY USAGE, 2017-2024 (USD MILLION)
      • BY TYPE
        • Table ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NEW-BUILD: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table CONVERTED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table CHINA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table AUSTRALIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table INDONESIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table VIETNAM: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table MALAYSIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table INDIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF ASIA PACIFIC: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY PROPULSION
        • Table MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY PROPULSION, 2017-2024 (USD MILLION)
      • BY HULL TYPE
        • Table MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY HULL TYPE, 2017-2024 (USD MILLION)
      • BY USAGE
        • Table MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY USAGE, 2017-2024 (USD MILLION)
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NEW-BUILD: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table CONVERTED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table ANGOLA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NIGERIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table GHANA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table EGYPT: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table SAUDI ARABIA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table REST OF MIDDLE EAST & AFRICA: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
    • EUROPE
      • BY PROPULSION
        • Table EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY PROPULSION, 2017-2024 (USD MILLION)
      • BY HULL TYPE
        • Table EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY HULL TYPE, 2017-2024 (USD MILLION)
      • BY USAGE
        • Table EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY USAGE, 2017-2024 (USD MILLION)
      • BY TYPE
        • Table EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NEW-BUILD: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table CONVERTED: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
        • Table UK: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
        • Table NORWAY: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: FLOATING PRODUCTION STORAGE AND OFFLOADING MARKET SIZE, BY TYPE, 2017-2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS OF KEY PLAYERS IN THE MARKET, JANUARY 2016-AUGUST 2019
      • CONTRACTS & AGREEMENTS
      • MERGERS & ACQUISITIONS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • BUMI ARMADA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SBM OFFSHORE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BLUEWATER ENERGY SERVICES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TEEKAY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SHELL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EXXONMOBIL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • PETROBRAS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TOTAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • CHEVRON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • MODEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BW OFFSHORE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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