Press release
FPSO : Extracting or Receiving Raw Hydrocarbons from Sea Beds
Continuous expansion in oil & gas exploration and production in deep water, ultra-deepwater and offshore fields is expected to fuel the FPSO market growth in the near future. Rising oil & gas consumption globally, particularly in transportation and power generation sectors has been forcing players to discover more hydrocarbon reserves. Growing onshore reserves led oil & gas processes to explore in ultra-deepwater, deep water, and shallow offshore fields. Developing necessity for integrated compact systems in deep and ultra-deepwater offshore reserves to counter dangerous conditions is expected to lead FPSO market growth in the forecast period. The market is further anticipated to increase share in ultra-deep offshore regions due to cost-effective and well-organized production process with high yield potential. High installation cost for oil & gas transportation and production facilities in ultra-deep and deep sea is projected to further stimulate FPSO demand.
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The major dynamics affecting the development of the market such as the key drivers, restraints, trends, and development changes in the market have also been added under this report. The development of the global FPSO market in different regions and the prime regions leading in this market have also been summarized under this study. The technological advancements taking place in the market and their impact on the advancement of the global FPSO market have also been presented under this study.
FPSO market can be bifurcated on the basis of type, as.converted FPSO, new-build FPSO and redeployed FPSO. Based on water depth the market has been categorized into shallow water, deepwater, and ultra-deepwater. Geographically, the FPSO market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The FPSO market size and forecast period for each region has been estimated from 2017 to 2023. Additionally the CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by Usage, component, type, water depth and regions supports in evaluating the present scenario, growth prospects and the future scenario for the FPSO market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.
The oil and gas exploration companies are concentrating on exploration of oil and gas, from onshore to offshore to drive the Middle East and Africa market for FPSO in the future years. The major companies that are involved in FPSO are SBM Offshore N.V., MODEC, Inc., Bluewater Energy Services B.V., BW Offshore, Aker Solutions ASA, Hyundai Industries Co., Ltd., Bumi Armada Berhad, Teekay Corporation, Yinson Holdings Berhad and Samsung Heavy Industries Co., Ltd.
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Based on regions, the global Digital Health market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. Among these, North America, has been leading the global digital health market. Several factors, such as the prescience of a large pool of players and increasing partnership between them are influential behind the important growth of this regional market. With the high demand from Germany and the U.K., the Europe market for digital health is anticipated to continue on the top position over the next few years. Going onward, Asia Pacific is likely to offer profitable opportunities for the development of the global market for digital health in the forecast period.
Europe commands the second largest share in the global Digital Health market owing to the high expenditures by the European countries such as U. K. Germany among other countries. The major companies that provide Digital Health include Cisco Systems Inc, Agfa-Gevaert N.V., Siemens Healthineers, McKesson Corp., Allscripts Healthcare Solutions Inc., Cerner Corp., Philips Healthcare, GE Healthcare, Epic Systems Corp., Truven Health Analytics, Qualcomm Inc are some of the key players in this market.
Major Points from Table of content:
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global FPSO Market, By Product (2017-2025)
• Global FPSO Market, By Regions (2017-2025)
• Market Competition Analysis
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