Floating Production Storage and Offloading Market
Floating Production Storage and Offloading Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Converted , New-Build
- By Propulsion Self-Propelled , Towed
- By Hull Type Single Hull, Double Hull
- By Usage Shallow Water, Deepwater , Ultra-deepwater
- By Region North America, Europe, Asia Pacific , Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 23.02 Billion |
Revenue 2030: | USD 37.33 Billion |
Revenue CAGR (2023 - 2030): | 6.2% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Floating Production Storage and Offloading Market by Type by Propulsion by Hull Type by Usage by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Apart from the secondary research, we at Vantage Market Research, conduct exhaustive primary research to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Floating Production Storage and Offloading supply-demand scenario in the global and regional markets
- Global and regional market size and segmental trends
- Revalidation of secondary research outcomes and findings
- Further market understandings and upcoming developments
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Floating Production Storage and Offloading market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Floating Production Storage and Offloading in terms of revenue?
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The global Floating Production Storage and Offloading valued at USD 23.02 Billion in 2022 and is expected to reach USD 37.33 Billion in 2030 growing at a CAGR of 6.2%.
Which are the prominent players in the market?
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The prominent players in the market are Bumi Armada, Shell, BP, ExxonMobil, Petrobras, Chevron, MODEC, Teekay, SBM Offshore, BW Offshore.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 6.2% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Floating Production Storage and Offloading include
- Increasing exploration in deepwater reserves drives demand for cost-effective FPSO
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Floating Production Storage and Offloading in 2022.