Floating
Production Systems Market the report analyzes and forecasts the
floating production systems market in terms of revenue. According to
the report, the floating production systems market was valued at USD
12,616.0 million in 2012 and is expected to reach USD 38,752.7
million by 2019, expanding at a CAGR of 17.2% between 2013 and 2019.
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Floating Production Systems Market Report with Full TOC
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Product
type segment analyzed in the study include floating production
storage and offloading (FPSO), floating storage and offloading (FSO),
Tension Leg platform (TLP) and Single Point Anchoring Reservoir
(SPAR). In terms of revenue, FPSO was the highest in product segment,
accounting for around 63.8% of the total market share in 2012.
Companies such as Royal Dutch Shell Plc, Petrobras and ENI are using
FPSO to extract crude oil from offshore fields. FSO accounted for a
moderate share of the total FPS market, followed by other equipments
such as TLP and SPAR.
RoW
dominated the global market for floating production systems in 2012.
The region constituted the highest percentage of the global FPS
market in terms of revenue. RoW is the leading market in terms of
demand for FPS as compared to other regions such as Asia Pacific and
North America. This is mainly ascribed due to high demand from South
American and African countries such as Brazil and South Africa. RoW
is anticipated to exhibit the highest growth rate during the forecast
period, led by developing economies such as Brazil and South Africa.
North America and Asia Pacific accounted for substantial shares of
the total FPS market in 2012. The global floating production systems
market has witnessed significant growth over the last few years.
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Companies
such as Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel
Offshore & Marine Ltd, Malaysia Marine and Heavy Engineering
Berhad, Mitsubishi Heavy Industries Ltd, Samsung Heavy Industries Co.
Ltd, SBM Offshore N.V., Teekay Corporation, Technip S.A. and Worley
Parsons Limited are likely to dominate the floating production
systems market in the coming future.
Floating
Production Systems Market: Product Type Analysis
- FPSO
- TLP
- SPAR
- FSO
Floating
Production Systems Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Article Of Floating Production Systems Market
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