Floating Production Storage and Offloading Trends and Forecast
The future of the global floating production storage and offloading market looks promising with opportunities in the shallow water, deepwater, and ultra-deepwater markets. The global floating production storage and offloading market is expected to reach an estimated $25.3 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are greater emphasis on offshore production and exploration and growth in the production of deep- and ultra-deepwater oil and gas.Floating Production Storage and Offloading by Segment
The study includes a forecast for the global floating production storage and offloading by type, propulsion, hull type, usage, and region.Floating Production Storage and Offloading Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Converted
- New-Build
Floating Production Storage and Offloading Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:
- Self-Propelled
- Towed
Floating Production Storage and Offloading Market by Hull Type [Shipment Analysis by Value from 2018 to 2030]:
- Single Hull
- Double Hull
Floating Production Storage and Offloading Market by Usage [Shipment Analysis by Value from 2018 to 2030]:
- Shallow Water
- Deepwater
- Ultra-Deepwater
Floating Production Storage and Offloading Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Floating Production Storage and Offloading Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies floating production storage and offloading companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the floating production storage and offloading companies profiled in this report include:- Bumi Armada
- Shell
- BP
- ExxonMobil
- Petrobras
- Chevron
- MODEC
- Teekay
- SBM Offshore
- BW Offshore
Floating Production Storage and Offloading Market Insights
The publisher forecasts that double hull is expected to witness the higher growth over the forecast period.Within this market, shallow water is expected to witness the highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period.
Features of the Global Floating Production Storage and Offloading Market
- Market Size Estimates: Floating production storage and offloading market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Floating production storage and offloading market size by various segments, such as by type, propulsion, hull type, usage, and region in terms of value ($B).
- Regional Analysis: Floating production storage and offloading market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, propulsions, hull types, usages, and regions for the floating production storage and offloading market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the floating production storage and offloading market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the floating production storage and offloading market size?Answer: The global floating production storage and offloading market is expected to reach an estimated $25.3 billion by 2030.
Q2. What is the growth forecast for floating production storage and offloading market?
Answer: The global floating production storage and offloading market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the floating production storage and offloading market?
Answer: The major drivers for this market are greater emphasis on offshore production and exploration and growth in the production of deep- and ultra-deepwater oil and gas.
Q4. What are the major segments for floating production storage and offloading market?
Answer: The future of the floating production storage and offloading market looks promising with opportunities in the shallow water, deepwater, and ultra-deepwater markets.
Q5. Who are the key floating production storage and offloading market companies?
Answer: Some of the key floating production storage and offloading companies are as follows:
- Bumi Armada
- Shell
- BP
- ExxonMobil
- Petrobras
- Chevron
- MODEC
- Teekay
- SBM Offshore
- BW Offshore
Answer: The publisher forecasts that double hull is expected to witness the higher growth over the forecast period.
Q7. In floating production storage and offloading market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the floating production storage and offloading market by type (converted and new-build), propulsion (self-propelled and towed), hull type (single hull and double hull), usage (shallow water, deepwater, and ultra-deepwater), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bumi Armada
- Shell
- BP
- ExxonMobil
- Petrobras
- Chevron
- MODEC
- Teekay
- SBM Offshore
- BW Offshore
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
LOADING...