Global Floating Production System (FPS) Market Analysis, Trends, & Industry Grow at a CAGR of 17.89% during the period 2016-2020

According to a New Market Report Published by Big Market Research “Global Market Study on Floating Production System Industry Highest Growth by 2020,” the Floating Production System Market is Expected to Grow at a CAGR of 17.89% from 2016 to 2020.

About Floating Production System Market
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.

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

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

Big Market Research 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.

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Key vendors
BW Offshore
Chevron
Petrobras
Shell

Other prominent vendors
Golar LNG
Petronas
MODEC
SBM Offshore
TOTAL
BP

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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