Global Floating Production System Market : Industry Analysis and Forecast (2023-2029)


Floating Production System Market is expected to grow at a CAGR of 16.5% during the forecast period and is expected to reach US$ 121.68 Bn by 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The floating production systems are used for drilling and production operations in oil and gas fields. Constantly rising energy demand, increasing offshore new exploration and production activities, rising investments in oil and gas industry are driving the growth of the market. Additionally, floating production system market research and analysis estimates that the increase in deep water and ultra-deep water exploration will be one of the major trends to gain traction in the market in the next four years. New reservoirs are being discovered to meet the demand and supply of petroleum products. The latest discovery of a massive oil reserve in Golan Heights by an Israeli company and the discovery of a reservoir by BP will induce several other organizations to accelerate their exploration activities, in turn, driving the growth of floating production system market.

However, environmental issues, reliability of the subsea units, high installation and maintenance costs associated with these systems are limiting the market from growth.

According to type segment, FPSO is projected to be the most dominating product in terms of demand for floating production systems. Several companies such as Royal Dutch Shell Plc, ENI, Petrobras and Premier Oil are using FPSO to extract crude oil from offshore fields. FSO is similar to FPSO excluding production facility that can be carried out on FPSO. TLP and SPAR are also used for carrying out drilling activities in the offshore fields.

Several key players are mainly depend on growth strategies such as joint ventures & contracts, mergers & acquisitions, and expansions & investments in varied geographic regions. The capital outflow and operating expenses of the exploration & production industry are huge in terms of value. To expand their geographical reach and market penetration, the companies have decided for agreements & collaborations.
Geographically, there is a high number of oil reserves in Europe are placed in offshore regions such as the Barents Sea and the Norwegian Sea, stable growth of the floating production systems market is expected in these regions. Due to the rising population and intense industrialization, Asia Pacific and North America are anticipated to witness high growth of the market for floating production systems.

This research study on the worldwide market for floating production systems aims at offering an all-inclusive market assessment, taking its past as well as current performance into consideration. The key trends and growth prospects of this market have also been studied in this report in order to determine its future status. The report is split by top global manufactures mentioning sales, revenue and prices as applicable. It also evaluates the competitive scenario of the leading players.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global floating production system market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global floating production system market.

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Floating Production System Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 41.78 Bn.




Forecast Period 2023 to 2029 CAGR:
16.5%
Market Size in 2029:
US $ 121.68 Bn.




 Segments Covered:
by Type
FPSO
TLP
SPAR
FSO




by Application
Shallow Water
Deep water






Floating Production System Market, By Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)

Floating Production System Market Key Players :

1. Malaysia Marine and Heavy Engineering Berhad
2. Hyundai Heavy Industries Co. Ltd.
3. Mitsubishi Heavy Industries Ltd.
4. Samsung Heavy Industries Co. Ltd.
5. Bumi Armada Berhad
6. Keppel Offshore & Marine Ltd.
7. SBM Offshore N.V.
8. Technip S.A.
9. Worley Parsons Ltd.
10. Teekay Corp.

Frequently Asked Questions:

1. Which region has the largest share in Global Floating Production System Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Floating Production System Market?
Ans: The Global Floating Production System Market is growing at a CAGR of 16.5% during forecasting period 2023-2029.

3. What is scope of the Global Floating Production System Market report?
Ans: Global Floating Production System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. What was the Global Floating Production System Market size in 2022?
Ans: The Global Floating Production System market was valued at US$ 41.78 Bn. In 2022.

5. What is the study period of this Market?
Ans: The Global Floating Production System Market is studied from 2022 to 2029. 





Table of Content

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary : Global Floating Production System Market, by Market Value (US$ Bn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends in Global Floating Production System Market

5. Supply Side and Demand Side Indicators

6. Global Floating Production System Market Analysis and Forecast
6.1. Global Floating Production System Market Size & Y-o-Y Growth Analysis
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America

7. Global Floating Production System Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Floating Production System Market Value Share Analysis, by Application
7.4. Global Floating Production System Market Size (US$ Bn) Forecast, by Application
7.5. Global Floating Production System Market Analysis, by Application
7.6. Global Floating Production System Market Attractiveness Analysis, by Application

8. Global Floating Production System Market Analysis and Forecast, by Type
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Floating Production System Market Value Share Analysis, by Type
8.4. Global Floating Production System Market Size (US$ Bn) Forecast, by Type
8.5. Global Floating Production System Market Analysis, by Type
8.6. Global Floating Production System Market Attractiveness Analysis, by Type

9. Global Floating Production System Market Analysis, by Region
9.1. Global Floating Production System Market Value Share Analysis, by Region
9.2. Global Floating Production System Market Size (US$ Bn) Forecast, by Region
9.3. Global Floating Production System Market Attractiveness Analysis, by Region

10. North America Floating Production System Market Analysis
10.1. Key Findings
10.2. North America Floating Production System Market Overview
10.3. North America Floating Production System Market Value Share Analysis, by Application
10.4. North America Floating Production System Market Forecast, by Application
10.4.1. Shallow Water
10.4.2. Deep water
10.5. North America Floating Production System Market Value Share Analysis, by Type
10.6. North America Floating Production System Market Forecast, by Type
10.6.1. FPSO
10.6.2. TLP
10.6.3. SPAR
10.6.4. FSO
10.7. North America Floating Production System Market Value Share Analysis, by Country
10.8. North America Floating Production System Market Forecast, by Country
10.8.1. U.S.
10.8.2. Canada
10.9. North America Floating Production System Market Analysis, by Country
10.10. U.S. Floating Production System Market Forecast, by Application
10.10.1. Shallow Water
10.10.2. Deep water
10.11. U.S. Floating Production System Market Forecast, by Type
10.11.1. FPSO
10.11.2. TLP
10.11.3. SPAR
10.11.4. FSO
10.12. Canada Floating Production System Market Forecast, by Application
10.12.1. Shallow Water
10.12.2. Deep water
10.13. Canada Floating Production System Market Forecast, by Type
10.13.1. FPSO
10.13.2. TLP
10.13.3. SPAR
10.13.4. FSO
10.14. North America Floating Production System Market Attractiveness Analysis
10.14.1. By Application
10.14.2. By Type
10.15. PEST Analysis
10.16. Key Trends
10.17. Key Development

11. Europe Floating Production System Market Analysis
11.1. Key Findings
11.2. Europe Floating Production System Market Overview
11.3. Europe Floating Production System Market Value Share Analysis, by Application
11.4. Europe Floating Production System Market Forecast, by Application
11.4.1. Shallow Water
11.4.2. Deep water
11.5. Europe Floating Production System Market Value Share Analysis, by Type
11.6. Europe Floating Production System Market Forecast, by Type
11.6.1. FPSO
11.6.2. TLP
11.6.3. SPAR
11.6.4. FSO
11.7. Europe Floating Production System Market Value Share Analysis, by Country
11.8. Europe Floating Production System Market Forecast, by Country
11.8.1. Germany
11.8.2. U.K.
11.8.3. France
11.8.4. Italy
11.8.5. Spain
11.8.6. Rest of Europe
11.9. Europe Floating Production System Market Analysis, by Country
11.10. Germany Floating Production System Market Forecast, by Application
11.10.1. Shallow Water
11.10.2. Deep water
11.11. Germany Floating Production System Market Forecast, by Type
11.11.1. FPSO
11.11.2. TLP
11.11.3. SPAR
11.11.4. FSO
11.12. U.K. Floating Production System Market Forecast, by Application
11.12.1. Shallow Water
11.12.2. Deep water
11.13. U.K. Floating Production System Market Forecast, by Type
11.13.1. FPSO
11.13.2. TLP
11.13.3. SPAR
11.13.4. FSO
11.14. France Floating Production System Market Forecast, by Application
11.14.1. Shallow Water
11.14.2. Deep water
11.15. France Floating Production System Market Forecast, by Type
11.15.1. FPSO
11.15.2. TLP
11.15.3. SPAR
11.15.4. FSO
11.16. Italy Floating Production System Market Forecast, by Application
11.16.1. Shallow Water
11.16.2. Deep water
11.17. Italy Floating Production System Market Forecast, by Type
11.17.1. FPSO
11.17.2. TLP
11.17.3. SPAR
11.17.4. FSO
11.18. Spain Floating Production System Market Forecast, by Application
11.18.1. Shallow Water
11.18.2. Deep water
11.19. Spain Floating Production System Market Forecast, by Type
11.19.1. FPSO
11.19.2. TLP
11.19.3. SPAR
11.19.4. FSO
11.20. Rest of Europe Floating Production System Market Forecast, by Application
11.20.1. Shallow Water
11.20.2. Deep water
11.21. Rest of Europe Floating Production System Market Forecast, by Type
11.21.1. FPSO
11.21.2. TLP
11.21.3. SPAR
11.21.4. FSO
11.22. Europe Floating Production System Market Attractiveness Analysis
11.22.1. By Application
11.22.2. By Type
11.23. PEST Analysis
11.24. Key Trends
11.25. Key Development

12. Asia Pacific Floating Production System Market Analysis
12.1. Key Findings
12.2. Asia Pacific Floating Production System Market Overview
12.3. Asia Pacific Floating Production System Market Value Share Analysis, by Application
12.4. Asia Pacific Floating Production System Market Forecast, by Application
12.4.1. Shallow Water
12.4.2. Deep water
12.5. Asia Pacific Floating Production System Market Value Share Analysis, by Type
12.6. Asia Pacific Floating Production System Market Forecast, by Type
12.6.1. FPSO
12.6.2. TLP
12.6.3. SPAR
12.6.4. FSO
12.7. Asia Pacific Floating Production System Market Value Share Analysis, by Country
12.8. Asia Pacific Floating Production System Market Forecast, by Country
12.8.1. China
12.8.2. India
12.8.3. Japan
12.8.4. ASEAN
12.8.5. Rest of Asia Pacific
12.9. Asia Pacific Floating Production System Market Analysis, by Country
12.10. China Floating Production System Market Forecast, by Application
12.10.1. Shallow Water
12.10.2. Deep water
12.11. China Floating Production System Market Forecast, by Type
12.11.1. FPSO
12.11.2. TLP
12.11.3. SPAR
12.11.4. FSO
12.12. India Floating Production System Market Forecast, by Application
12.12.1. Shallow Water
12.12.2. Deep water
12.13. India Floating Production System Market Forecast, by Type
12.13.1. FPSO
12.13.2. TLP
12.13.3. SPAR
12.13.4. FSO
12.14. Japan Floating Production System Market Forecast, by Application
12.14.1. Shallow Water
12.14.2. Deep water
12.15. Japan Floating Production System Market Forecast, by Type
12.15.1. FPSO
12.15.2. TLP
12.15.3. SPAR
12.15.4. FSO
12.16. ASEAN Floating Production System Market Forecast, by Application
12.16.1. Shallow Water
12.16.2. Deep water
12.17. ASEAN Floating Production System Market Forecast, by Type
12.17.1. FPSO
12.17.2. TLP
12.17.3. SPAR
12.17.4. FSO
12.18. Rest of Asia Pacific Floating Production System Market Forecast, by Application
12.18.1. Shallow Water
12.18.2. Deep water
12.19. Rest of Asia Pacific Floating Production System Market Forecast, by Type
12.19.1. FPSO
12.19.2. TLP
12.19.3. SPAR
12.19.4. FSO
12.20. Asia Pacific Floating Production System Market Attractiveness Analysis
12.20.1. By Application
12.20.2. By Type
12.21. PEST Analysis
12.22. Key Trends
12.23. Key Development

13. Middle East & Africa Floating Production System Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Floating Production System Market Overview
13.3. Middle East & Africa Floating Production System Market Value Share Analysis, by Application
13.4. Middle East & Africa Floating Production System Market Forecast, by Application
13.4.1. Shallow Water
13.4.2. Deep water
13.5. Middle East & Africa Floating Production System Market Value Share Analysis, by Type
13.6. Middle East & Africa Floating Production System Market Forecast, by Type
13.6.1. FPSO
13.6.2. TLP
13.6.3. SPAR
13.6.4. FSO
13.7. Middle East & Africa Floating Production System Market Value Share Analysis, by Country
13.8. Middle East & Africa Floating Production System Market Forecast, by Country
13.8.1. GCC
13.8.2. South Africa
13.8.3. Rest of Middle East & Africa
13.9. Middle East & Africa Floating Production System Market Analysis, by Country
13.10. GCC Floating Production System Market Forecast, by Application
13.10.1. Shallow Water
13.10.2. Deep water
13.11. GCC Floating Production System Market Forecast, by Type
13.11.1. FPSO
13.11.2. TLP
13.11.3. SPAR
13.11.4. FSO
13.12. South Africa Floating Production System Market Forecast, by Application
13.12.1. Shallow Water
13.12.2. Deep water
13.13. South Africa Floating Production System Market Forecast, by Type
13.13.1. FPSO
13.13.2. TLP
13.13.3. SPAR
13.13.4. FSO
13.14. Rest of Middle East & Africa Floating Production System Market Forecast, by Application
13.14.1. Shallow Water
13.14.2. Deep water
13.15. Rest of Middle East & Africa Floating Production System Market Forecast, by Type
13.15.1. FPSO
13.15.2. TLP
13.15.3. SPAR
13.15.4. FSO
13.16. Middle East & Africa Floating Production System Market Attractiveness Analysis
13.16.1. By Application
13.16.2. By Type
13.17. PEST Analysis
13.18. Key Trends
13.19. Key Development

14. South America Floating Production System Market Analysis
14.1. Key Findings
14.2. South America Floating Production System Market Overview
14.3. South America Floating Production System Market Value Share Analysis, by Application
14.4. South America Floating Production System Market Forecast, by Application
14.4.1. Shallow Water
14.4.2. Deep water
14.5. South America Floating Production System Market Value Share Analysis, by Type
14.6. South America Floating Production System Market Forecast, by Type
14.6.1. FPSO
14.6.2. TLP
14.6.3. SPAR
14.6.4. FSO
14.7. South America Floating Production System Market Value Share Analysis, by Country
14.8. South America Floating Production System Market Forecast, by Country
14.8.1. Brazil
14.8.2. Mexico
14.8.3. Rest of South America
14.9. South America Floating Production System Market Analysis, by Country
14.10. Brazil Floating Production System Market Forecast, by Application
14.10.1. Shallow Water
14.10.2. Deep water
14.11. Brazil Floating Production System Market Forecast, by Type
14.11.1. FPSO
14.11.2. TLP
14.11.3. SPAR
14.11.4. FSO
14.12. Mexico Floating Production System Market Forecast, by Application
14.12.1. Shallow Water
14.12.2. Deep water
14.13. Mexico Floating Production System Market Forecast, by Type
14.13.1. FPSO
14.13.2. TLP
14.13.3. SPAR
14.13.4. FSO
14.14. Rest of South America Floating Production System Market Forecast, by Application
14.14.1. Shallow Water
14.14.2. Deep water
14.15. Rest of South America Floating Production System Market Forecast, by Type
14.15.1. FPSO
14.15.2. TLP
14.15.3. SPAR
14.15.4. FSO
14.16. South America Floating Production System Market Attractiveness Analysis
14.16.1. By Application
14.16.2. By Type
14.17. PEST Analysis
14.18. Key Trends
14.19. Key Development

15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
15.2.2. New Product Launches and Product Enhancements
15.2.3. Market Consolidation
15.2.3.1. M&A by Regions, Investment and Applications
15.2.3.2. M&A Key Players, Forward Integration and Backward
15.2.3.3. Integration
15.3. Company Profiles: Key Players
15.3.1. Malaysia Marine and Heavy Engineering Berhad
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Product Portfolio
15.3.1.4. Business Strategy
15.3.1.5. Recent Developments
15.3.1.6. Company Footprint
15.3.2. Hyundai Heavy Industries Co. Ltd.
15.3.3. Mitsubishi Heavy Industries Ltd.
15.3.4. Samsung Heavy Industries Co. Ltd.
15.3.5. Bumi Armada Berhad
15.3.6. Keppel Offshore & Marine Ltd.
15.3.7. SBM Offshore N.V.
15.3.8. Technip S.A.
15.3.9. Worley Parsons Ltd.
15.3.10. Teekay Corp.

16. Primary Key Insights
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