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Floating Production Storage and Offloading - Global Market Outlook (2019 -2027)

Floating Production Storage and Offloading - Global Market Outlook (2019 -2027)

5.0 (96 reviews)
Published: August 2020 ID: SMRC19838
5.0 (96 reviews)
Published: August 2020 ID: SMRC19838

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Floating Production Storage and Offloading Market is accounted for $19.87 billion in 2019 and is expected to reach $36.50 billion by 2027 growing at a CAGR of 7.9% during the forecast period. An increase in deep- and ultra-deepwater oil & gas production and increased focus on offshore exploration & production activities are the major factors propelling market growth. However, volatile oil & gas prices are hampering the development of the market.

Floating production storage and offloading is a floating service that accepts fluids like crude oil, water, and a mass of other things from a subsea and is then detached into crude oil, water, and impurities within the topsides manufacture facilities onboard. These vessels are equipped with hydrocarbon processing equipment for the separation and treatment of fluids via flexible pipelines. 

Based on the propulsion, the self-propelled segment is going to have a lucrative growth during the forecast period due to it can move without any external propulsion and the transportation cost is lower than the towed FPSOs.

By geography, South America is estimated to have a lucrative growth due to modern offshore E&P developments and deepwater oil field discoveries. Brazil is anticipated to appear as a most important FPSO market in this region due to growing oil & gas activities coupled with enough government support.

Some of the key players profiled in the Floating Production Storage and Offloading Market include Chevron, MODEC, BW Offshore, SBM Offshore, Bluewater Energy Services, Teekay, Shell, BP, Exxonmobil, Petrobras, Total S.A., Bumi Armada, MISC Berhad, Saipem, and Yinson Holdings.

Hull Types Covered:
• Double Hull
• Single Hull

Types Covered:
• New-Build
• Converted
• Redeployed
• Dynamic Positioning (DP)
• Single Point Mooring (SPM)
• Spread Mooring   

Propulsion Covered:
• Towed
• Self-Propelled 

Usages Covered:
• Deepwater
• Shallow Water
• Ultra-deepwater

Product Types Covered:
• Liquefied Natural Gas (LNG)
• Oil
• Liquefied Petroleum Gas (LPG) 

Ownerships Covered:
• Operator
• Contractor   

Storage Capacities Covered:
• Small (Below 1100 MBBLs)
• Medium (1100 to 2000 MBBLs)
• Large (Above 2000 MBBLs) 

Equipments Covered:
• Chemical Injection
• Seawater Injection
• Fuel Gas Treatment
• Crude Oil Separation
• Produced Water
• Nitrogen Generation

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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