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Floating Production Storage and Offloading (FPSO) Market

Floating Production Storage and Offloading (FPSO) Market Size by Water Depth (Ultra-Deep Water, Deep Water, and Shallow Water), Propulsion (Towed and Self-Propelled), Type (Redeployed, Converted and New-Build), Hull Type (Double Hull and Single Hull), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12698
  • Published Date: Sep, 2024
  • Pages: 237
  • Category: Machinery & Equipment
  • Format: PDF
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The global floating production storage and offloading (FPSO) market is expected to reach USD 29.5 Billion by 2033, at a CAGR of 9% from 2024 to 2033. The growth in the upstream oil & gas enterprise drives the expansion of the floating production storage and offloading (FPSO) market. To meet the growing energy demand, offshore exploration and production will have to be increased, which will lead to growth in the FPSO market. At the same time, new FPSOs are installed to replace the existing infrastructure, which is becoming obsolete due to ageing.

Market Overview:

FPSO is a floating tank system utilized by the oil & gas enterprise, particularly offshore operations. Floating production storage and offloading vessels are popular as they can be easily installed & moved to nearby platforms and easily transport oil to pipelines or tankers. Floating production storage and offloading allow oil production in more deepwater & remote places with economically feasible technology like fixed piled structures. Floating production storage and offloading have many advantages compared to traditional offshore oil platforms, like lower prices & better leasing terms permitting more flexibility. Further, the vessels include different processing equipment that assists in offloading, separating, and storing crude oil & gas removed from sub-sea oil wells or platforms. Also, floating production storage and offloading offer cost-effective keeping.  Moreover, the mooring systems play an essential role in helping the safe operation of FPSO. Mooring systems are made up of mooring connectors, lines, and anchors. Floating production storage and offloading vessel have another benefit over fixed structures in that it does not have to be a purpose-built installation. It can readily be a converted tanker that has conformed to its practical life as a transport vessel, reducing prices & recycling an existing system. FPSOs can be used in any condition. They can also be customized to withstand conditions like high-pressure and high-temperature fields. Due to this rough and tough property, FPSOs can help in risk management.

Floating Production Storage and Offloading (FPSO) Market Size

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Market Dynamics:

Drivers
  • The increase in crude oil & gas prices:

The rising demand for floating production storage and offloading (FPSO) units due to raised investment in offshore exploration of oil & gas, especially in ultra-deep-water & deepwater locations is anticipated to propel the global market. Moreover, the depletion of existing onshore oil & gas domains is a primary reason for rising exploration activities in offshore deepwater places. Additionally, offshore fields like Brazil, West Africa, and the North Sea create enormous opportunities for players in the FPSO market. Due to increased fuel consumption, the upsurge in demand for oil & gas is propelling investments in new oil & gas fields globally. Furthermore, the increase of upstream oil & gas initiatives is driving the demand for floating production storage and offloading units.

  • Rising demand for hydrocarbons:

Increasing demand for hydrocarbons is another driving factor of market growth. Further, hydrocarbons are naturally appearing compounds that assist in producing heat, water, and carbon dioxide during their burning procedure. Hence, they are an important fuel source & store a considerable amount of energy due to the rapid depletion of fossil fuels. Thus, the increasing demand for these compounds is anticipated to heighten the adoption of floating production storage and offloading units for exploration actions worldwide.

Restraints:
  • High capital investment:

The floating production storage and offloading industry are capital intensive. Further, the building & propulsion of new floating production storage and offloading unit needs high initial investment & substantially large financing. The testing, operation, and deployment price add up to the total investment in floating production storage and offloading vessel. Moreover, the increase in the cost of materials & labor due to inflation impacts the return of investments of floating production storage and offloading operators. In turn, this can hinder the FPSO market during the projection period.

Opportunities:
  • The increasing focus of key players on R&D activities:

A considerable increase in the number of exploration activities worldwide is also helping to drive market growth. Further, the increase in focus on collaboration & strategic partnerships amidst different players is the opportunityfor market growth. Furthermore, an FPSO building project applies construction, extensive engineering, commissioning, and procurement. Additionally, the key players in the floating production storage and offloading enterprise strategically partner with yards, vendors, and key technology providers to deliver large floating production systems and offloading (FPSO) projects. These factors contribute to the market growth during the forecast period.

Segmentation Analysis:

The global floating production storage and offloading (FPSO) market has been segmented based on water depth, propulsion, type, hull type, and regions.

  • The water depth segment is divided into ultra-deep water, deep water, and shallow water. The deep water segment led the market with a market share of 42.17% in 2023 due to favorable government policies. Further, by 2033, the shallow water depth segment will likely dominate the market due to the lower price.
  • The propulsion segment is divided into towed and self-propelled. The self-propelled propulsion segment led the market with a market share of 58.13% in 2023 due to the more low transportation expense.
  • The type segment is divided into redeployed, converted and new-build. The new-build type segment led the market with a market share of 45.19% in 2023 due to the customizable design flexibility permitting progressive modifications. Further, by 2033, the converted type segment will likely dominate the market due to the raised flexibility. 
  • The hull type segment is divided into double hull and single hull. The double hull type segment led the market with a market share of 56.21% in 2023 due to the more heightened security from marine pollution & water ingression.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. South America region emerged as the largest market for the global floating production storage and offloading (FPSO) market with a 42.32% share of the market revenue in 2023.

South America Region Floating Production Storage and Offloading (FPSO) Market Share in 2023 - 42.32%

 

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  • The increasing demand for offshore gas & oil production in countries like Brazil is expected to contribute to floating production storage and offloading (FPSO). Furthermore, the increase in demand for FPSOs, the current offshore E&P expansions, and a profound water oil domain discovery propel the region’s growth.
  • The North America region will record the highest growth during the forecast period due to the more increased investment in developing energy infrastructures. Further, the demand for gas & oil production is also anticipated to grow in this region.
Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global floating production storage and offloading (FPSO) industry.

List of Key Market Players:
  •  Keppel Offshore
  • Teekay Corporation
  • Dommo Energia
  • BP
  • Exxon Mobil
  • Chevron Corporation
  • Petrobras
  • Saipem
  • China National Offshore Oil Corporation (CNOOC)
  • SBM Offshore
  • Marine and Hyundai
  • Royal Dutch Shell
  • Bumi Armada Berhad
  • Woodside Energy
Key Target Audience:
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global Floating Production Storage and Offloading (FPSO) Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020 to 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global floating production storage and offloading (FPSO) market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global floating production storage and offloading (FPSO) market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of floating production storage and offloading (FPSO) based on water depth, propulsion, type, hull type, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global floating production storage and offloading (FPSO) market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global floating production storage and offloading (FPSO) market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global floating production storage and offloading (FPSO) market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the floating production storage and offloading (FPSO) market was valued at USD 12.46 billion in 2023 to USD 29.5 billion by 2033.

Global floating production storage and offloading (FPSO) market is growing at a CAGR of 9% during the forecast period 2024-2033.

South America region emerged as the largest market for the floating production storage and offloading (FPSO).

The market's growth will be influenced by the increase in crude oil & gas prices

The high initial investments in offshore field exploration could hamper the market growth.

The technological advancement of floating production storage and offloading over other production systems will provide huge opportunities to the market.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Water Depth
          4.3.2. Market Attractiveness Analysis By Propulsion
          4.3.3. Market Attractiveness Analysis By Type
          4.3.4. Market Attractiveness Analysis By Hull Type
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The increasing energy consumption
          5.2.2. The increase in crude oil & gas prices
          5.2.3. Rising demand for hydrocarbons
    5.3. Restraints
          5.3.1. High capital investment
    5.4. Opportunities
          5.4.1. The technological advancement of floating production storage and offloading over other production systems
          5.4.2. The increasing emphasis of key players on R&D activities & new product development

6. Global Floating Production Storage and Offloading (FPSO) Market Analysis and Forecast, By Water Depth
    6.1. Segment Overview
    6.2. Ultra-Deep Water
    6.3. Deep Water
    6.4. Shallow Water

7. Global Floating Production Storage and Offloading (FPSO) Market Analysis and Forecast, By Propulsion
    7.1. Segment Overview
    7.2. Towed
    7.3. Self-Propelled

8. Global Floating Production Storage and Offloading (FPSO) Market Analysis and Forecast, By Type
    8.1. Segment Overview
    8.2. Redeployed
    8.3. Converted
    8.4. New-Build

9. Global Floating Production Storage and Offloading (FPSO) Market Analysis and Forecast, By Hull Type
    9.1. Segment Overview
    9.2. Double Hull
    9.3. Single Hull

10. Global Floating Production Storage and Offloading (FPSO) Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Floating Production Storage and Offloading (FPSO) Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Floating Production Storage and Offloading (FPSO) Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Keppel Offshore
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Teekay Corporation
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Dommo Energia
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. BP
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Exxon Mobil
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Chevron Corporation
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Petrobras, Saipem
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. China National Offshore Oil Corporation (CNOOC)
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. SBM Offshore
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Marine and Hyundai
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Royal Dutch Shell
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Bumi Armada Berhad
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. Woodside Energy
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis

List of Table

1. Global Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

2. Global Ultra-Deep Water, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion) 

3. Global Deep Water, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

4. Global Shallow Water, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

5. Global Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

6. Global Towed, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

7. Global Self-Propelled, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

8. Global Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

9. Global Redeployed, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

10. Global Converted, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

11. Global New-Build, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

12. Global Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

13. Global Double Hull, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

14. Global Single Hull, Floating Production Storage and Offloading (FPSO) Market, By Region, 2020-2033 (USD Billion)

15. North America Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

16. North America Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

17. North America Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

18. North America Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

19. U.S. Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

20. U.S. Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

21. U.S. Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

22. U.S. Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

23. Canada Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

24. Canada Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

25. Canada Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

26. Canada Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

27. Mexico Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

28. Mexico Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

29. Mexico Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

30. Mexico Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

31. Europe Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

32. Europe Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

33. Europe Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

34. Europe Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

35. Germany Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

36. Germany Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

37. Germany Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

38. Germany Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

39. France Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

40. France Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

41. France Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

42. France Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

43. U.K. Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

44. U.K. Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

45. U.K. Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

46. U.K. Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

47. Italy Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

48. Italy Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

49. Italy Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

50. Italy Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

51. Spain Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

52. Spain Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

53. Spain Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

54. Spain Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

55. Asia Pacific Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

56. Asia Pacific Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

57. Asia Pacific Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

58. Asia Pacific Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

59. Japan Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

60. Japan Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

61. Japan Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

62. Japan Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

63. China Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

64. China Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

65. China Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

66. China Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

67. India Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

68. India Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

69. India Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

70. India Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

71. South America Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

72. South America Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

73. South America Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

74. South America Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

75. Brazil Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

76. Brazil Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

77. Brazil Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

78. Brazil Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

79. Middle East and Africa Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

80. Middle East and Africa Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

81. Middle East and Africa Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

82. Middle East and Africa Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

83. UAE Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

84. UAE Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

85. UAE Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

86. UAE Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

87. South Africa Floating Production Storage and Offloading (FPSO) Market, By Water Depth, 2020-2033 (USD Billion)

88. South Africa Floating Production Storage and Offloading (FPSO) Market, By Propulsion, 2020-2033 (USD Billion)

89. South Africa Floating Production Storage and Offloading (FPSO) Market, By Type, 2020-2033 (USD Billion)

90. South Africa Floating Production Storage and Offloading (FPSO) Market, By Hull Type, 2020-2033 (USD Billion)

List of Figures 

1. Global Floating Production Storage and Offloading (FPSO) Market Segmentation

2. Global Floating Production Storage and Offloading (FPSO) Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Floating Production Storage and Offloading (FPSO) Market Attractiveness Analysis By Water Depth  

9. Global Floating Production Storage and Offloading (FPSO) Market Attractiveness Analysis By Propulsion 

10. Global Floating Production Storage and Offloading (FPSO) Market Attractiveness Analysis By Type

11. Global Floating Production Storage and Offloading (FPSO) Market Attractiveness Analysis By Hull Type

12. Global Floating Production Storage and Offloading (FPSO) Market Attractiveness Analysis By Region

13. Global Floating Production Storage and Offloading (FPSO) Market: Dynamics

14. Global Floating Production Storage and Offloading (FPSO) Market Share By Water Depth (2023 & 2033)

15. Global Floating Production Storage and Offloading (FPSO) Market Share By Propulsion (2023 & 2033)

16. Global Floating Production Storage and Offloading (FPSO) Market Share By Type (2023 & 2033)

17. Global Floating Production Storage and Offloading (FPSO) Market Share By Hull Type (2023 & 2033)

18. Global Floating Production Storage and Offloading (FPSO) Market Share By Regions (2023 & 2033)

19. Global Floating Production Storage and Offloading (FPSO) Market Share By Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global floating production storage and offloading (FPSO) based on below mentioned segments:

Global Floating Production Storage and Offloading (FPSO) by Water Depth

  • Ultra-Deep Water
  • Deep Water
  • Shallow Water

Global Floating Production Storage and Offloading (FPSO) by Propulsion

  • Towed
  • Self-Propelled

Global Floating Production Storage and Offloading (FPSO) by Type

  • Redeployed
  • Converted
  • New-Build

Global Floating Production Storage and Offloading (FPSO) by Hull Type

  • Double Hull
  • Single Hull

Global Floating Production Storage and Offloading (FPSO) by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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