openPR Logo
Press release

FPSO Market a Comprehensive Analysis | Key Players - Samsung Heavy Industries Co. Ltd, Hyundai Heavy Industries Co. Ltd. (South Korea), SBM Offshore, MODEC Inc. (South Korea), (Japan), BW Offshore

10-10-2018 08:15 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

FPSO Market

FPSO Market

Increasing demand of tank vessel conversion into offloading and floating production storage owing to its low cost coupled with enhanced productivity will drive the global FPSO market during the forecast period.

Converted FPSO market in terms of volume was 9 units in 2015, projected to witness gains over 18% subject to its low cost when compared with new built construction. These vessels find wide applications in shallow and deep-water offshore field.

As of 2016, over 260 floating vessels units are installed mainly in offshore field out of which semis represent 15%, FPSO accounted for 64%, tension lag platform accounts for 10%, production barges represent 2% and production spars 8% of installation.

Ask for Sample Copy of this research report @ https://www.gminsights.com/request-sample/detail/785

Redeployed FPSO market size was valued over USD 719 million in 2015, anticipated to witness gains at above 22.3%. It reduces the execution timeline when compared with new built.

Increasing production and exploration in ultra-deep offshore fields will drive new built FPSO market in the near future. Shifting of E&P activities toward offshore field has witnessed moderate growth rate subjected mainly by ultra-deep activities.

Increasing exploration activities in ultra-deep water of offshore field will further compliment the industry in near terms. Global FPSO market size is classified on the basis of products as converted, new-built, and redeployed. Converted product accounted for over 63% of global revenue in 2015 owing to increasing offshore E&P activities.

On the basis of water depth, FPSO market size has been segmented into shallow water and deep-water, and ultra-deep-water. Deep water segment accounted for over 59% of global revenue share in terms of water depth in 2015.

Key insights from the report include:

Norway is forecast to reach above USD 3.1 billion in 2024. Growing exploration activities in the country is likely to drive industry growth up to 2024.

U.S. FPSO market size may exceed USD 20 billion by 2015. Increasing exploration and production of natural gas, increasing offshore activities, discovery of unexploited reservoirs will further compliment the growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/785

Angola is estimated above 11 units in 2024 in terms of volume and is estimated to grow at over 26.4% CAGR subjected to increasing exploration and production of deep-water reserves. Exxon Mobil and Chevron have offshore project in Angola adding capacity is approximately 1MMbbl/d.

China was valued at over USD 687 million in 2015 and is expected to witness a significant growth. Increasing production and exploration activities at onshore and offshore fields will propel the China FPSO market over the near future.

Table of Content:
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Research scope and assumptions
1.2 Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2 Executive Summary
2.1FPSO industry 360 synopsis, 2014 - 2024
2.1.1 Current business environment
2.1.2 Regional trends
2.1.3 Type trends
2.1.4 Water Depth trends

Chapter 3 FPSO Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2014 – 2024
3.3 FPSO industry ecosystem analysis
3.4 Vendor landscape
3.5 Innovation & sustainability
3.6 Regulatory framework

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Explore Our Blog @ http://algosonline.com/news

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 a Comprehensive Analysis | Key Players - Samsung Heavy Industries Co. Ltd, Hyundai Heavy Industries Co. Ltd. (South Korea), SBM Offshore, MODEC Inc. (South Korea), (Japan), BW Offshore here

News-ID: 1292281 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

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