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Global Floating Production System Market to Grow at a CAGR of 17.89% During Forecast 2016-2020

ResearchMoz added Latest Research Report titled " Global Floating Production System Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 12/29/2016 -- FPS are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths. Main types of FPS include FPSO, production semisubmersibles, TLP, SPARS, and others. Globally, the most common types of FPS units are FPSOs. FPSOs are ship-shaped vessels, which have a processing equipment and hydrocarbon storage capabilities. After processing, an FPSO stores oil or gas before unloading to shuttle tankers or transporting hydrocarbons through pipelines.

The global floating production system (FPS) market to grow at a CAGR of 17.89% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global floating production system (FPS) market for 2016-2020. To calculate the market size, the report considers the the future demand for FPS in the oil and gas industry.

The market is divided into the following segments based on geography:
- Americas

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Technavio's report, Global Floating Production System (FPS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- BW Offshore
- Chevron
- Petrobras
- Shell

Other prominent vendors
- Golar LNG
- Petronas
- SBM Offshore
- BP

Market driver
- Persistent oil and gas demand and production
- For a full, detailed list, view our report

Market challenge
- Investment justification in era of low oil prices
- For a full, detailed list, view our report

Market trend
- Rise in deepwater and ultra-deepwater exploration
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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