openPR Logo
Press release

FPSO Market - Positive Long-Term Growth Outlook 2021; Industry Analysis Report 2017

01-17-2017 01:56 PM CET | Energy & Environment

Press release from: Transparency Market Research

FPSO Market - Positive Long-Term Growth Outlook 2021; Industry

A recent market research report published by Transparency Market Research gives a thorough analytical account of the present state of the global FPSO market and forecasts the future growth prospects of key market segments over the period between 2015 and 2021.The report, titled “FPSO Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” states that the market will expand at an exponential CAGR of 16.2% between 2015 and 2021, and rise to a valuation of US$43.4 bn by 2021, from US$15.9 bn in 2014.

Floating, production, storage, and offloading (FPSO) vessels are used for extracting or receiving raw hydrocarbons from sea beds, which are then processed in onboard processing facilities. These vessels are a part of floating production systems and are also equipped with temporary onboard storage facilities. As the installation of fixed processing and production facilities in remote oil and gas production areas is technically complex and costly, the demand for FPSOs, which exclude the need for fixed processing facilities, has seen a significant rise in the past few years. The rise in demand corresponds to the global rise in oil and gas production activities from remote locations (deepwater and ultra-deepwater).

Get Free PDF Brochure for more Professional and Technical Insights: http://tinyurl.com/h96dmhy

The report segments the global FPSO market on the basis of type, water depth, and geography.

On the basis of type, the market has been segmented into converted FPSO systems, new-build FPSO systems, and redeployed FPSO systems. Of these, the market is presently dominated by converted FPSO systems and the demand for new-build FPSO systems has come down as oil and gas exploration companies are keen on cutting costs post the historic steep decline in oil prices during 2014-2015.

On the basis of water depth, the market has been segmented into shallow water, deepwater, and ultra-deepwater systems.

On the basis of geography, the global FPSO market has been segmented into Americas, Oceania, Asia, Europe, and Africa. Americas led the global FPSO market in 2015 and is also expected to continue its dominant stance over the report’s forecast period. Growth in the FPSO market in Americas can be attributed to the rising investments in exploration activities in countries such as Brazil and the development of several new oilfields in the region.

The market is also expected to witness robust growth in Africa owing to the rise in demand for FPSOs in countries such as Ghana, Guinea, Nigeria, and Angola.

The report also presents a detailed overview of the competitive landscape of the global FPSO market wherein data pertaining to business profiles, revenues, finances, recent technological developments, and other key aspects of some of the major vendors in the market have been discussed in the report.

The most prominent vendors in the global FPSO market discussed in the report include Bumi Armada Berhad, BW Offshore, MODEC, Inc., Yinson Holdings Berhad, Bluewater Energy Services B.V., Teekay Corporation, Hyundai Heavy Industries Co., Ltd., and SBM Offshore N.V.

The market has been segmented into:

Global FPSO Market: By Type

Converted
New-build
Redeployed
Global FPSO Market: By Water Depth

Shallow water
Deepwater
Ultra-deepwater

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release FPSO Market - Positive Long-Term Growth Outlook 2021; Industry Analysis Report 2017 here

News-ID: 414903 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for FPSO

Global FPSO Industry Outlook - Announced FPSO Additions by Key Operators, Scope, …
Market Research Hub (MRH) has actively included a new research study titled Q1 2019 Global FPSO Industry Outlook - Australia Leads FPSO Deployments in Asia-Pacific to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period
FPSO Market | Key Players - MODEC, Inc., SBM Offshore N.V., BW Offshore, Bluewat …
As per the current market trends and the promising nature of the “Global FPSO Market” market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various
Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays
About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to be the leader, followed by the UK and Angola. Petrleo Brasileiro S.A. and Royal Dutch Shell Plc and Cobalt International Energy Inc are expected to be key global players among
Global FPSO Industry Outlook Q1 2017 : Surge in Planned FPSO Delays
“The Report Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz” About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to
Global FPSO Market: Redeployed FPSO Systems Score High in Demand, Says TMR
According to Transparency Market Research, the competitive landscape in the global floating, production, storage, and offloading vessels is expected to grow stronger over the coming years. Mergers and acquisitions are among the more common consolidation strategies being carried out in the market. The market was led in 2015 by players such as Bumi Armada Berhad, Bluewater Energy Services B.V., and BW Offshore. The TMR research report reveals that the global FPSO
Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays
ReportsWorldwide has announced the addition of a new report title "Q1 2017 Global FPSO Industry Outlook: Surge in Planned FPSO Delays" to its growing collection of premium market research reports. About 54 FPSOs are expected to start operations globally over the next four years. South America will continue to lead globally with planned deployment of around 23 FPSOs, followed by Africa and Europe by 2021. Among countries Brazil continues to be