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.
Albany, NY -- (SBWIRE) -- 07/24/2014 -- The Floating Production Systems market report by Transparency Market Research provides an in-depth analysis of the global Floating Production Systems market. The report segments the market on the basis of product type and regions, and also provides forecasts and estimates for each product. The report analyzes demand and supply characteristics of the market by providing a detailed forecast and analysis of revenue for the period from 2013 to 2019.
Floating Production Systems market primarily comprises four types of products: FPSO, TLP, SPAR and FSO. FPSO is anticipated to be one of the most dominant sectors in terms of high demand for FPS equipments. Various companies are using FPSO to carry out offshore drilling activities across the globe to extract crude oil. It is the preferred choice for offshore drilling sector as multiple tasks can be performed by it while floating in the sea. Many countries such as Thailand, Vietnam, Malaysia and Australia are procuring FPS equipments from service providing companies for carrying out offshore drilling activities. FPSO and FSO eliminates the need of pipeline infrastructure to transport crude oil produced from well head to refinery location, thereby reducing huge operational costs. TLP and SPAR type’s platforms are also used where huge vibration persists due to high waves.
North America, Europe, Asia Pacific and Rest of the World (RoW) are the major geographical areas covered in the report. Each geographical region has been segmented further on the basis of Product type. Revenue forecasts and estimates for each product segment have been provided for the period from 2013 to 2019.
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The report also provides thorough analysis and revenue of 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. These companies are likely to dominate the floating production systems market. The report provides a detailed analysis of various factors influencing floating production systems industry with the help of Porter’s five forces analysis. The analysis also helps understand the degree of competition prevalent in the market. The report also analyzes the value chain and various drivers and restraints of the floating production systems market.
Floating Production Systems Market: End-user Analysis
Floating Production Systems Market: Regional Analysis
Rest of the World (RoW)
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