Market Overview:
The global floating production storage and offloading market grew at a CAGR of around 6% during 2015-2020. Floating production storage and offloading (FPSO) vessels are used in offshore oil and gas fields to receive hydrocarbons from subsea oil reservoirs and process them into oil, gas and water. These vessels store processed crude oil or natural gas until it is offloaded to a shuttle tanker or transported through an export pipeline to refineries. They have pumps, generators, storage tanks, control rooms and accommodation facilities, which help to extract and refine oil and gas in remote areas at low prices. As compared to conventional offshore oil and gas platforms, FPSO vessels are more flexible, versatile, safe, time-efficient and offer high storage capacity.
FPSO vessels do not require expensive subsea oil pipelines to export oil and can be moved to another location when an existing oilfield is depleted. Consequently, they are gaining preference in frontier regions wherein local pipeline infrastructure is not available and smaller oil and gas fields exhaust in a few years. They are also considered suitable for unfavorable environmental conditions as they comprise detachable turret systems that can be released during an emergency and reattached to continue operations. These factors, in confluence with the rising demand for energy, are acting as major growth-inducing factors bolstering the market growth. Apart from this, the declining onshore oil exploration activities, along with the growing focus on deep-water oil extraction in remote locations, are contributing to the market growth. Moreover, the integration of advanced technologies and digitization of FSPO vessels are anticipated to drive the market further in the coming years. Looking forward, IMARC Group expects the global floating production storage and offloading market to exhibit moderate growth during the next five years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global floating production storage and offloading market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vessel type, design, propulsion type, hull type and application.
Breakup by Vessel Type:
- Converted and Redeployed
- New-Build
Breakup by Design:
- Spread Mooring FPSO Vessels
- Single Point Mooring FPSO Vessels
- Dynamic Positioning FPSO Vessels
Breakup by Propulsion Type:
Breakup by Hull Type:
Breakup by Application:
- Shallow Water
- Deepwater
- Ultra-deep Water
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bumi Armada Berhad (Usaha Tegas Sdn Bhd), Bluewater Energy Services B.V. (Aurelia Energy N.V.), BP Plc, BW Offshore Limited, Chevron Corporation, Exxon Mobil Corporation, MODEC Inc., Petróleo Brasileiro S.A., SBM Offshore N.V., Royal Dutch Shell PLC and Teekay Corporation.
Key Questions Answered in This Report:
- How has the global floating production storage and offloading market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global floating production storage and offloading market?
- What are the key regional markets?
- What is the breakup of the market based on the vessel type?
- What is the breakup of the market based on the design?
- What is the breakup of the market based on the propulsion type?
- What is the breakup of the market based on the hull type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global floating production storage and offloading market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Floating Production Storage and Offloading Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vessel Type
6.1 Converted and Redeployed
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 New-Build
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Design
7.1 Spread Mooring FPSO Vessels
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Single Point Mooring FPSO Vessels
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Dynamic Positioning FPSO Vessels
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Propulsion Type
8.1 Self-Propelled
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Towed
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Hull Type
9.1 Single Hull
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Double Hull
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Shallow Water
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Deepwater
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Ultra-deep Water
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bumi Armada Berhad (Usaha Tegas Sdn Bhd)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Bluewater Energy Services B.V. (Aurelia Energy N.V.)
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 BP Plc
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 BW Offshore Limited
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Chevron Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Exxon Mobil Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 MODEC Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Petróleo Brasileiro S.A.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 SBM Offshore N.V.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Royal Dutch Shell PLC
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Teekay Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Floating Production Storage and Offloading Market: Major Drivers and Challenges
Figure 2: Global: Floating Production Storage and Offloading Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Floating Production Storage and Offloading Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Floating Production Storage and Offloading Market: Breakup by Vessel Type (in %), 2020
Figure 5: Global: Floating Production Storage and Offloading Market: Breakup by Design (in %), 2020
Figure 6: Global: Floating Production Storage and Offloading Market: Breakup by Propulsion Type (in %), 2020
Figure 7: Global: Floating Production Storage and Offloading Market: Breakup by Hull Type (in %), 2020
Figure 8: Global: Floating Production Storage and Offloading Market: Breakup by Application (in %), 2020
Figure 9: Global: Floating Production Storage and Offloading Market: Breakup by Region (in %), 2020
Figure 10: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Floating Production Storage and Offloading (New-Build) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Floating Production Storage and Offloading (New-Build) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Floating Production Storage and Offloading (Self-Propelled) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Floating Production Storage and Offloading (Self-Propelled) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Floating Production Storage and Offloading (Towed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Floating Production Storage and Offloading (Towed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Floating Production Storage and Offloading (Single Hull) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Floating Production Storage and Offloading (Single Hull) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Floating Production Storage and Offloading (Double Hull) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Floating Production Storage and Offloading (Double Hull) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Floating Production Storage and Offloading (Shallow Water) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Floating Production Storage and Offloading (Shallow Water) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Floating Production Storage and Offloading (Deepwater) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Floating Production Storage and Offloading (Deepwater) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: United States: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia-Pacific: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: China: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Asia-Pacific: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Europe: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Brazil: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Latin America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Floating Production Storage and Offloading Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Floating Production Storage and Offloading Market: Breakup by Country (in %), 2020
Figure 82: Middle East and Africa: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Global: Floating Production Storage and Offloading Industry: SWOT Analysis
Figure 84: Global: Floating Production Storage and Offloading Industry: Value Chain Analysis
Figure 85: Global: Floating Production Storage and Offloading Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Floating Production Storage and Offloading Market: Key Industry Highlights, 2021 and 2026
Table 2: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Vessel Type (in Million US$), 2021-2026
Table 3: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Design (in Million US$), 2021-2026
Table 4: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Propulsion Type (in Million US$), 2021-2026
Table 5: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Hull Type (in Million US$), 2021-2026
Table 6: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Floating Production Storage and Offloading Market: Competitive Structure
Table 9: Global: Floating Production Storage and Offloading Market: Key Players