The FPSO market is expected to grow at a CAGR of 16.2% between 2015 and 2021. At this rate, the market will reach a value of US$43.4 billion by the end of 2021 from US$15.9 billion in 2014.
Albany, NY -- (SBWIRE) -- 07/17/2017 -- The global fuel consumption has increased exponentially over the years, leading to a huge pressure on the production of oil and gas. By adopting floating, production, storage, and offloading (FPSO) units, this discrepancy can be controlled. The demand for oil and gas is expected to grow with increased investment in newly explored offshore oil and gas fields in deepwater and ultra-deepwater. Besides this, government policies to boost offshore oil and gas exploration have added to the growth of FPSOs across various geographic regions. Considering this, a new research report with a title "FPSO Market, By Type (Converted, New-build, and Redeployed), By Water Depth (Shallow water, Deepwater, and Ultra-deepwater) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2021" has been recently added to the huge online repository of Market Research Reports Search Engine (MRRSE). This report on FPSO market analyzes the current status as well as future prospects of the market across the globe.
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The FPSO market is expected to grow at a CAGR of 16.2% between 2015 and 2021. At this rate, the market will reach a value of US$43.4 billion by the end of 2021 from US$15.9 billion in 2014. This market research report evaluates the global FPSO market and identifies the drivers, restraints, risks and opportunities influencing the market and analyzes their impact over the forecast period. For better understanding of the global FPSO market, major trend analysis is also provided in detail in the report. Additionally, the report entails a market attractiveness analysis, where the types of FPSOs are benchmarked on the basis of their growth rate, market scope and general attractiveness.
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The global FPSO market is segmented on the basis of type, water depth and geographic region. Based on type, the market is divided into Converted, New-build and Redeployed. On the basis of water depth, the market is segregated into Shallow water, Deepwater and Ultra-deepwater. Geographically, market is segmented into Asia, Americas, Europe, Africa and Oceania. All these segments are also estimated on the basis of revenue and volume.
Finally, the report provides company market share assessment of various industry players. The key players are also profiled on the basis of business strategies, company overview, financial overview and major recent developments in the field of FPSO. Major market companies profiled in this report include BW Offshore (Norway), MODEC, Inc. (Japan), SBM Offshore N.V. (Netherlands), Bluewater Energy Services B.V.(Netherlands), Hyundai Heavy Industries Co., Ltd. (South Korea), Bumi Armada Berhad (Malaysia), Yinson Holdings Berhad (Malaysia), Teekay Corporation (Bermuda), Aker Solutions ASA (Norway) and Samsung Heavy Industries Co., Ltd.
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