FPSO Market - Global Industry Analysis

According to the report published by Zion Market Research, global demand for FPSO market was valued at approximately USD 18.8 Billion in 2019, and is expected to generate revenue of around USD 27.4 Billion by end of 2026, growing at a CAGR of around 5.8% between 2020 and 2026.

Global FPSO Market: Overview

FPSO stands for Floating Production, Storage, and Offloading. An FPSO vessel is a type of floating production system that is used for the offshore production, storage, and offloading of oil and gas. Usually, it is a vessel that is a converted oil tanker or a newly constructed FPSO unit. An FPSO often resembles a ship, equipped with production and processing facilities onboard. FPSOs comprise offloading facilities for the transportation of processed oil and gas to onshore receiving facilities through a shuttle tanker. These vessels are used to extract or receive raw hydrocarbons from sea beds, which are then processed in onboard processing facilities.

Global FPSO Market: Growth Factors

The installation of fixed processing and production facilities is technically very complex and costly in remote oil and gas production areas; this, in turn, increases the demand for FPSOs excluding the need for fixed processing facilities. Marginal fields and challenging environments have been others factors that act as driving factors of FPSO market expansion. The considerable expansion in oil & gas exploration and production in deep water, ultra-deep water, and offshore fields is expected to boost the global FPSO market growth over the forecast period. Increasing consumption of oil & gas globally, particularly in power generation and transportation sectors has made companies explore more hydrocarbon reserves.

Global FPSO Market: Segmentation

On the basis of type, the global FPSO market is segmented as converted FPSO systems, new-build FPSO systems, and redeployed FPSO systems. Presently, the market is dominated by the converted FPSO systems segment. On the other hand, the demand for new-build FPSO systems has decreased owing to the reduced costs of oils in oil and gas exploration industries. Based on the water depth, the market has been segmented into shallow water, deepwater, and ultra-deepwater systems. On the basis of equipment, the FPSO market is segmented as nitrogen generation, seawater injection, fuel gas treatment, produced water, crude oil separation, and chemical injection.

Report Scope:

Global FPSO Market: Regional Analysis

North America and Europe are the dominant players of the global FPSO market and are anticipated to witness considerable growth in coming years owing to mature oil & gas reserves. In addition, South America and East Africa are also expected to experience significant growth due to recent offshore E&P developments and deep water oil field discoveries. Further, Brazil is expected to emerge as a major FPSO market in this region due to rising oil & gas activities along with considerable government support. Recent deep sea oil & gas reserves in South China Sea, North Sea, and Gulf of Mexico are expected to positively impact the global market growth in the near future.

Global FPSO Market: Competitive Players

Major players dominating the global FPSO market are Bumi Armada Berhad, MODEC, Inc., BW Offshore, Bluewater Energy Services B.V., COSCO Shipyard Group Co. Ltd., and Yinson Holdings Berhad. Other key players in the market are Sembcorp Marine Ltd., Hyundai Heavy Industries Co., Ltd., Teekay Corporation, and SBM Offshore N.V., among others.

Global FPSO Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.2.Report Scope
• Chapter 2.Research Methodology
  • 2.1.Research Methodology
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modelling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global FPSO Market, 2016 – 2026 (USD Billion)
  • 3.2.Global FPSO Market: Snapshot
• Chapter 4.FPSO Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
    • 4.2.1.Driving Factor 1 Analysis
    • 4.2.2.Driving Factor 2 Analysis:
  • 4.3.Market Restraints
    • 4.3.1.Restraining Factor Analysis
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity & Use-case Analysis
    • 4.4.2.Use – Cases for FPSO
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
    • 4.6.1.1.Impact on Product Development and Technology Adoption
    • 4.6.1.2.Gap Analysis

• Chapter 5.Investment Proposition Analysis
  • 5.1.Global FPSO Market Attractiveness, By Types
  • 5.2.Global FPSO Market Attractiveness, By Water Depth
  • 5.3.Global FPSO Market Attractiveness, By Equipment
  • 5.4.Global FPSO Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global FPSO Market: Company Market Share, 2019
  • 6.2.Strategic Developments
  • 7.1.Global FPSO Market Overview: By Types
    • 7.1.1.Global FPSO Market Revenue Share, By Types, 2019 & 2026
  • 7.2.Global FPSO Market Analysis/Overview – By Types
    • 7.2.1.Converted FPSO Systems – Overview/Analysis
    • 7.2.2.New-Build FPSO Systems – Overview/Analysis
    • 7.2.3.Redeployed FPSO Systems – Overview/Analysis
  • 7.3.Converted FPSO Systems
    • 7.3.1.Global FPSO Market for Converted FPSO Systems, Revenue (USD Billion) 2016 - 2026
  • 7.4.New-Build FPSO Systems
    • 7.4.1.Global FPSO Market for New-Build FPSO Systems, Revenue (USD Billion) 2016 - 2026
  • 7.5.Redeployed FPSO Systems
    • 7.5.1.Global FPSO Market for Redeployed FPSO Systems, Revenue (USD Billion) 2016 - 2026
  • 8.1.Global FPSO Market Overview: By Water Depth
    • 8.1.1.Global FPSO Market Revenue Share, By Water Depth, 2019 & 2026
  • 8.2.Global FPSO Market Analysis/Overview – By Water Depth
    • 8.2.1.Shallow Water – Overview/Analysis
    • 8.2.2.Deep Water – Overview/Analysis
    • 8.2.3.Ultradeep Water Systems – Overview/Analysis
  • 8.3.Shallow Water
    • 8.3.1.Global FPSO Market for Shallow Water, Revenue (USD Billion) 2016 - 2026
  • 8.4.Deep Water
    • 8.4.1.Global FPSO Market for Deep Water, Revenue (USD Billion) 2016 - 2026
  • 8.5.Ultradeep Water Systems
    • 8.5.1.Global FPSO Market for Ultradeep Water Systems, Revenue (USD Billion) 2016 - 2026
  • 9.1.Global FPSO Market Overview: By Equipment
    • 9.1.1.Global FPSO Market Revenue Share, By Equipment, 2019 & 2026
  • 9.2.Global FPSO Market Analysis/Overview – By Equipment
    • 9.2.1.Nitrogen Generation – Overview/Analysis
    • 9.2.2.Seawater Injection – Overview/Analysis
    • 9.2.3.Fuel Gas Treatment – Overview/Analysis
    • 9.2.4.Produced Water – Overview/Analysis
    • 9.2.5.Crude Oil Separation – Overview/Analysis
    • 9.2.6.Chemical Injection – Overview/Analysis
  • 9.3.Nitrogen Generation
    • 9.3.1.Global FPSO Market for Nitrogen Generation, Revenue (USD Billion) 2016 - 2026
  • 9.4.Seawater Injection
    • 9.4.1.Global FPSO Market for Seawater Injection, Revenue (USD Billion) 2016 - 2026
  • 9.5.Fuel Gas Treatment
    • 9.5.1.Global FPSO Market for Fuel Gas Treatment, Revenue (USD Billion) 2016 - 2026
  • 9.6.Produced Water
    • 9.6.1.Global FPSO Market for Produced Water, Revenue (USD Billion) 2016 - 2026
  • 9.7.Crude Oil Separation
    • 9.7.1.Global FPSO Market for Crude Oil Separation, Revenue (USD Billion) 2016 - 2026
  • 9.8.Chemical Injection
    • 9.8.1.Global FPSO Market for Chemical Injection, Revenue (USD Billion) 2016 - 2026
• Chapter 10.FPSO Market – Regional Analysis
  • 10.1.Global FPSO Market: Regional Overview
    • 10.1.1.Global FPSO Market Revenue Share, by Region, 2019 & 2026
    • 10.1.2.Global FPSO Market Revenue, by Region, 2016 – 2026 (USD Billion)
  • 10.2.North America
    • 10.2.1.North America FPSO Market Revenue, 2016 - 2026 (USD Billion)
    • 10.2.2.North America FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 10.2.3.North America FPSO Market Revenue, By Types, 2016 – 2026
    • 10.2.4.North America FPSO Market Revenue, By Water Depth, 2016 – 2026
    • 10.2.5.North America FPSO Market Revenue, By Equipment, 2016 – 2026
    • 10.2.6. U.S.
    • 10.2.7.Canada
  • 10.3.Europe
    • 10.3.1.Europe FPSO Market Revenue, 2016 - 2026 (USD Billion)
    • 10.3.2.Europe FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 10.3.3.Europe FPSO Market Revenue, By Types, 2016 – 2026
    • 10.3.4.Europe FPSO Market Revenue, By Water Depth, 2016 – 2026
    • 10.3.5.Europe FPSO Market Revenue, By Equipment, 2016 – 2026
    • 10.3.6.Germany
    • 10.3.7.France
    • 10.3.8. U.K.
    • 10.3.9.Italy
    • 10.3.10.Rest of Europe
  • 10.4.Asia Pacific
    • 10.4.1.Asia Pacific FPSO Market Revenue, 2016 - 2026 (USD Billion)
    • 10.4.2.Asia Pacific FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 10.4.3.Asia Pacific FPSO Market Revenue, By Types, 2016 – 2026
    • 10.4.4.Asia Pacific FPSO Market Revenue, By Water Depth, 2016 – 2026
    • 10.4.5.Asia Pacific FPSO Market Revenue, By Equipment, 2016 – 2026
    • 10.4.6.China
    • 10.4.7.Japan
    • 10.4.8.India
    • 10.4.9.South Korea
    • 10.4.10.Rest of Asia Pacific
  • 10.5.Latin America
    • 10.5.1.Latin America FPSO Market Revenue, 2016 - 2026 (USD Billion)
    • 10.5.2.Latin America FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 10.5.3.Latin America FPSO Market Revenue, By Types, 2016 – 2026
    • 10.5.4.Latin America FPSO Market Revenue, By Water Depth, 2016 – 2026
    • 10.5.5.Latin America FPSO Market Revenue, By Equipment, 2016 – 2026
    • 10.5.6.Brazil
    • 10.5.7.Mexico
    • 10.5.8.Rest of Latin America
  • 10.6.The Middle-East and Africa
    • 10.6.1.The Middle-East and Africa FPSO Market Revenue, 2016 - 2026 (USD Billion)
    • 10.6.2.The Middle-East and Africa FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 10.6.3.The Middle-East and Africa FPSO Market Revenue, By Types, 2016 – 2026
    • 10.6.4.The Middle-East and Africa FPSO Market Revenue, By Water Depth, 2016 – 2026
    • 10.6.5.The Middle-East and Africa FPSO Market Revenue, By Equipment, 2016 – 2026
    • 10.6.6.GCC Countries
    • 10.6.7.South Africa
    • 10.6.8.Rest of Middle-East Africa
• Chapter 11.Company Profiles
  • 11.1.Bumi Armada Berhad
    • 11.1.1.Company Overview
    • 11.1.2.Financial Overview
    • 11.1.3.Product Portfolio
    • 11.1.4.Business Strategy
    • 11.1.5.Recent Developments
  • 11.2.MODEC, Inc.
  • 11.3.BW Offshore
  • 11.4.Bluewater Energy Services B.V.
  • 11.5.COSCO Shipyard Group Co. Ltd.
  • 11.6.Yinson Huldings Berhad
  • 11.7.Sembcorp Marine Ltd.
  • 11.8.Hyundai Heavy Industries Co., Ltd.
  • 11.9.Teekay Corporation
  • 11.10.SBM Offshore N.V

Table Of Figures

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global FPSO Market
FIG. 6 Global FPSO Market Attractiveness, By Types
FIG. 7 Global FPSO Market Attractiveness, By Water Depth
FIG. 8 Global FPSO Market Attractiveness, By Equipment
FIG. 9 Global FPSO Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global FPSO Market Revenue Share, By Types, 2019 & 2026
FIG. 12 Global FPSO Market for Converted FPSO Systems, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global FPSO Market for New-Build FPSO Systems, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global FPSO Market for Redeployed FPSO Systems, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global FPSO Market Revenue Share, By Water Depth, 2019 & 2026
FIG. 16 Global FPSO Market for Shallow Water, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global FPSO Market for Deep Water, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global FPSO Market for Ultradeep Water Systems, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global FPSO Market Revenue Share, By Equipment, 2019 & 2026
FIG. 20 Global FPSO Market for Nitrogen Generation, Revenue (USD Billion) 2016 - 2026
FIG. 21 Global FPSO Market for Seawater Injection, Revenue (USD Billion) 2016 - 2026
FIG. 22 Global FPSO Market for Fuel Gas Treatment, Revenue (USD Billion) 2016 - 2026
FIG. 23 Global FPSO Market for Produced Water, Revenue (USD Billion) 2016 - 2026
FIG. 24 Global FPSO Market for Crude Oil Separation, Revenue (USD Billion) 2016 - 2026
FIG. 25 Global FPSO Market for Chemical Injection, Revenue (USD Billion) 2016 - 2026
FIG. 26 Global FPSO Market Revenue Share, by Region, 2019 & 2026
FIG. 27 North America FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 28 Europe FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 29 Asia Pacific FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 30 Latin America FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 31 The Middle-East and Africa FPSO Market Revenue, 2016 - 2026 (USD Billion)
FIG. 32 Bumi Armada Berhad Business Segment Revenue Share, 2018 (%)
FIG. 33 Bumi Armada Berhad Geographical Segment Revenue Share, 2018 (%)

Table Of Tables

List of Tables

TABLE 1 Global FPSO Market: Snapshot
TABLE 2 Drivers of the FPSO Market: Impact Analysis
TABLE 3 Restraints for the FPSO Market: Impact Analysis
TABLE 4 Global FPSO Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America FPSO Market Revenue, By Types, 2016 – 2026 (USD Billion)
TABLE 7 North America FPSO Market Revenue, By Water Depth, 2016 – 2026 (USD Billion)
TABLE 8 North America FPSO Market Revenue, By Equipment, 2016 – 2026 (USD Billion)
TABLE 9 Europe FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 10 Europe FPSO Market Revenue, By Types, 2016 – 2026 (USD Billion)
TABLE 11 Europe FPSO Market Revenue, By Water Depth, 2016 – 2026 (USD Billion)
TABLE 12 Europe FPSO Market Revenue, By Equipment, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 14 Asia Pacific FPSO Market Revenue, By Types, 2016 – 2026 (USD Billion)
TABLE 15 Asia Pacific FPSO Market Revenue, By Water Depth, 2016 – 2026 (USD Billion)
TABLE 16 Asia Pacific FPSO Market Revenue, By Equipment, 2016 – 2026 (USD Billion)
TABLE 17 Latin America FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 Latin America FPSO Market Revenue, By Types, 2016 – 2026 (USD Billion)
TABLE 19 Latin America FPSO Market Revenue, By Water Depth, 2016 – 2026 (USD Billion)
TABLE 20 Latin America FPSO Market Revenue, By Equipment, 2016 – 2026 (USD Billion)
TABLE 21 The Middle-East and Africa FPSO Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 22 The Middle-East and Africa FPSO Market Revenue, By Types, 2016 – 2026 (USD Billion)
TABLE 23 The Middle-East and Africa FPSO Market Revenue, By Water Depth, 2016 – 2026 (USD Billion)
TABLE 24 The Middle-East and Africa FPSO Market Revenue, By Equipment, 2016 – 2026 (USD Billion)