Floating production systems 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.
The FPSO market segment accounted for about 62% of the total market share and dominated the market. FPSOs are mainly used by companies to extract crude oil through offshore drilling activities, It has a field storage capability and can be used in locations where there is no accessibility to pipeline infrastructure. Eliminating the requirement for pipeline infrastructure, FPSOs reduce operational costs for transporting crude oil.
According to this market study, the Americas will account for about 59% of the total market share and will also dominate the floating production system market throughout the predicted period. This region hosts plenty of oil and gas reserves and is a major contributor to the FPSO market. New discoveries in the Latin American countries, such as Brazil, Mexico and Venezuela, shale gas discoveries in the US, and ultra-deep water discoveries in Latin America will drive the demand for floating production systems in this region.
The global Floating Production System market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Floating Production System volume and value at global level, regional level and company level. From a global perspective, this report represents overall Floating Production System market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Floating Production System in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Floating Production System manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Segment by Regions
Segment by Type
FPSO (Floating Production Storage and Offloading)
TLP (Tension Leg Platforms)
Segment by Application