Global FPSO Market: Industry Size, Share, Demand, Companies and Regional Segments by 2015-2021

Zion Market Research published a new market research report “FPSO Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021” to add to its collection of reports database.

FPSO stands for Floating Production, Storage, and Offloading. An FPSO vessel is a type of floating production system that is used for the offshore production, storage, and offloading of oil and gas. Usually, it is a vessel that is a converted oil tanker or a newly constructed FPSO unit. An FPSO often resembles a ship, equipped with production and processing facilities onboard. FPSOs comprise offloading facilities for the transportation of processed oil and gas to onshore receiving facilities through a shuttle tanker. These vessels are used to extract or receive raw hydrocarbons from sea beds, which are then processed in onboard processing facilities.

Get free Sample Report @

The installation of fixed processing and production facilities is technically very complex and costly in remote oil and gas production areas; this, in turn, increases the demand for FPSOs excluding the need for fixed processing facilities. Marginal fields and challenging environments have been others factors that act as driving factors of FPSO market expansion. The considerable expansion in oil & gas exploration and production in deep water, ultra-deep water, and offshore fields is expected to boost the global FPSO market growth over the forecast period. Increasing consumption of oil & gas globally, particularly in power generation and transportation sectors has made companies explore more hydrocarbon reserves.

On the basis of type, the global FPSO market is segmented as converted FPSO systems, new-build FPSO systems, and redeployed FPSO systems. Presently, the market is dominated by the converted FPSO systems segment. On the other hand, the demand for new-build FPSO systems has decreased owing to the reduced costs of oils in oil and gas exploration industries. Based on the water depth, the market has been segmented into shallow water, deepwater, and ultra-deepwater systems. On the basis of equipment, the FPSO market is segmented as nitrogen generation, seawater injection, fuel gas treatment, produced water, crude oil separation, and chemical injection.

Request Detail TOC @

North America and Europe are the dominant players of the global FPSO market and are anticipated to witness considerable growth in coming years owing to mature oil & gas reserves. In addition, South America and East Africa are also expected to experience significant growth due to recent offshore E&P developments and deep water oil field discoveries. Further, Brazil is expected to emerge as a major FPSO market in this region due to rising oil & gas activities along with considerable government support. Recent deep sea oil & gas reserves in South China Sea, North Sea, and Gulf of Mexico are expected to positively impact the global market growth in the near future.

Major players dominating the global FPSO market are Bumi Armada Berhad, MODEC, Inc., BW Offshore, Bluewater Energy Services B.V., COSCO Shipyard Group Co. Ltd., and Yinson Holdings Berhad. Other key players in the market are Sembcorp Marine Ltd., Hyundai Heavy Industries Co., Ltd., Teekay Corporation, and SBM Offshore N.V.

Browse detail report @

FPSO Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa


Inquire more before buying this report @  

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Media Contact
Company Name: Zion Market Research
Contact Person: Joel John
Email: Send Email
Phone: +1-386-310-3803
Address:4283, Express Lane, Suite 634-143
City: Sarasota
State: Florida
Country: United States