The
market was valued at US$12,616 mn in 2012. Analysts at TMR project
the market to expand at a healthy CAGR of 17.20% during the period
from 2013 and 2019 and reach a value of US$38,752.7 mn by the end of
the forecast period.
In-depth
research report on Floating Production Systems Market
with Full TOC at :
http://www.transparencymarketresearch.com/floating-production-system-market.html
The
research report, titled “Floating Production Systems Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019”, further states that the increase in the drilling
activities in the subsea industry, coupled with deep-water
discoveries in the Asia Pacific region as well as the Rest of the
World, has fueled the global floating production systems market
extensively in the recent times. However, the cost associated with
installation as well as maintenance of these systems are likely to
hamper the market growth, cites the market report.
The
market study analyzes the global floating production systems market
on the basis of products and their regional distribution. Floating
storage and offloading (FSO), floating production storage and
offloading (FPSO), single point anchoring reservoir (SPAR), and
tension leg platform (TLP) are the major segments of the worldwide
market for floating production systems. In 2012, the market for FPSO
accounted for 63.80% of the overall revenue generated in the global
market, acquiring the leading position.
Key
companies functional in the global market for floating production
systems such as Petrobras, Royal Dutch Shell, and ENI are utilizing
FPSO systems to extract crude oil from offshore areas. On the other
hand, the FSO market holds only a meager share of the overall market
with minimal expectation for major improvement over the forecast
period, reports the market study.
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According
to the research report, North America, Europe, Asia Pacific, and the
Rest of the World are the key regional markets for floating products.
Among these, the Rest of the World market led the global floating
production systems industry with the highest revenue contribution in
2012.Compared to other regions, the demand for floating production
systems from the Rest of the World is the highest, specifically from
Brazil from South Africa, states the research study. The market for
floating production systems market in the Rest of the World is
expected to retain its dominance, exhibiting the highest growth rate
driven by emerging economies during the forecast period. Other
regional floating production systems markets are also projected to
report a remarkable growth over the period of forecast.
The
major players in the global floating production systems market
mentioned in this market report are Bumi Armada Berhad, Keppel
Offshore and Marine Ltd., Hyundai Heavy Industries Co. Ltd., Malaysia
Marine and Heavy Engineering Holdings Berhad, Samsung Heavy
Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., SBM Offshore
N.V., Technip S.A., Teekay Corp., Worley Parsons Ltd.
The
global floating production systems market is segmented into:
By
End Users
- FPSO
- TLP
- SPAR
- FSO
By
Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
Article Of Floating Production Systems Market
http://www.transparencymarketresearch.com/article/floating-production-system-market.htm
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