Floating Production Systems Market
Floating Production Systems Market - Global Industry Assessment & Forecast
#
Pages:
198
2022
Oct - 2023
VMR-VMR-2021-0991
Segments Covered
By
Type FPSO, Tension Leg Platform, SPAR, Barge
-
By
Water Depth Shallow Water, Deep Water, Ultra Deep Water
-
By
Build New, Converted
-
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 68.5 Billion |
 Revenue 2030:
|
USD 265.2 Billion |
 Revenue CAGR
(2023 - 2030): |
18.2% |
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 Systems Market by Type by Water Depth by Build 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 Systems 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 Systems 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 Systems in terms of revenue?
-
The global Floating Production Systems valued at USD 68.5 Billion in 2022 and is expected to reach USD 265.2 Billion in 2030 growing at a CAGR of 18.2%.
Which are the prominent players in the market?
-
The prominent players in the market are Hitachi Ltd. (Japan), Deere & Company (U.S.), Husqvarna Group (Sweden), Robert Bosch GmbH (Germany), MTD Products (U.S.), Textron Inc. (U.S.), Stiga S.P.A. (Italy), Andreas Stihl AG & Co. KG (Germany), Honda Motor Co. Ltd. (Japan), Xishi Stone Group (China), The Toro Company (U.S.).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 18.2% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Floating Production Systems include
- Increasing demand for offshore oil and gas exploration and production
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Floating Production Systems in 2022.
