Albany, NY -- (SBWIRE) -- 09/20/2016 -- 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.

Technavios analysts forecast the global floating production system (FPS) market to grow at a CAGR of 17.89% during the period 2016-2020.

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Covered in this report

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
APAC
EMEA

New 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
MODEC
SBM Offshore
TOTAL
BP

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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

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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