FPSO Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

Posted on Sep 12 2022 5:09 AM

"FPSO Market Size, Share & COVID-19 Impact Analysis, By Storage Capacity (Less than 1 MMBBLs, 1-2 MMBBLs, and More than 2 MMBBLs) By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), By Construction Type (Converted and New Build), By Hull Type (Single Hull and Double Hull), By Ownership (Contractor Owned {Contractor Managed and Operator Managed} and Operator Owned {Contractor Managed and Operator Managed}), and Regional Forecast, 2020-2027 "

The global FPSO Market Size" is expected to rise with an impressive CAGR and generate the highest revenue by 2027. Fortune Business Insights™ in its latest report published this information. The report is titled "FPSO Market size is expected to showcase significant growth by reaching USD 17.30 billion by 2027 backed by rising discoveries of offshore reserves and the increasing demand for hydrocarbons worldwide that will favor the adoption of advanced FPSO units.

The Global FPSO Market is projected to grow from USD 6.78 billion in 2020 to USD 17.30 billion in 2027 at a CAGR of 14.3% during the 2020-2027 period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the FPSO Market share, types, applications, growth factor, key players and regions.

Get Sample Report PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100429 

The market has the presence of a large number of big industry players. Some of the eminent players in the market include:

  • Petrobras (Brazil)
  • CNOOC (China)
  • Total (France)
  • Royal Dutch Shell (Netherlands)
  • Chevron (U.S.)
  • ExxonMobil (U.S.)
  • BP (UK)
  • Equinor (Norway)
  • Woodside Energy (Australia)
  • Aker Solutions (Norway)
  • Dana Petroleum Limited (UK)
  • Vår Energi (Norway)
  • Vietsovpetro (Vietnam)
  • Eni (Italy)
  • Dommo Energia (Brazil)
  • Keppel Offshore & Marine (Singapore)
  • BW Offshore (Norway)
  • Teekay (Bermuda)
  • Bumi Armada Berhad (Malaysia)
  • SBM Offshore (Netherlands)
  • Yinson Holdings Berhad (Malaysia)
  • Bluewater (Netherlands)
  • MISC Berhad (Malaysia)
  • Modec Inc. (Japan)
  • Rubicon Offshore (Singapore)
  • Saipem (Italy)

 FPSO Market Report Scope:

REPORT ATTRIBUTE DETAILS
Market size available for years 2020-2027
CAGR Value   14.3%
Base year considered 2019
Historical data 2016-2018
Forecast Period 2020-2027
Quantitative units Revenue in USD million and CAGR from 2020-20271
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

 
If you want more insights into the FPSO Market, Buy Now this exclusive report:  https://www.fortunebusinessinsights.com/checkout-page/100429

An Overview of the Impact of COVID-19 on this Market:

Latest Update: This has brought along several changes this report also covers the impact of Current COVID-19 situation

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy.

FPSO Market Regional Analysis:

For the historical and forecast period to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Market Drivers:

Increasing Demand for Hydrocarbons to Promote Growth

Hydrocarbons are naturally-occurring compounds that help to produce water, carbon dioxide, and heat during their burning process. They are an important source of fuel and store a large amount of energy. Due to the fast depleting fossil fuels, hydrocarbons are vital for energy generation. Therefore, the growing demand for these compounds is expected to boost the adoption of FPSO units for exploration activities globally.

In December 2020, Petrobras, a Brazil-based company, announced its discovery of a new oil reserve in the Santos Basin located offshore Brazil. Such offshore reserve discoveries propel the adoption of floating production storage and offloading vessels that will bode well for the global FPSO market growth in the forthcoming years.

Competitive Strategy 

To enhance their market position in the global sustainable aviation fuel market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
For example,

October 2020 – SBM Offshore announced the securing of a contract to deliver the Prosperity FPSO vessel to ExxonMobil that received government approval for its third offshore development activity in Guyana. As per the contract, SBM Offshore is likely to construct, install, and operate the floating production storage and offloading vessel.

Research Methodology:

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Some of the Key Questions Answered in this Report:

  • Detailed Overview of FPSO Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • FPSO Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global FPSO Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the FPSO Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the FPSO Market demand?

The FPSO Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Detailed TOC of Global FPSO Market Report 2022

1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
5. Global Internet of Things Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
……………
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued……………….

Continued….

 Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/100429

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]