According to the
report, the floating production systems market was valued at USD
12,616.0 million in 2012 and is expected to reach USD 38,752.7
million by 2019, expanding at a CAGR of 17.2% between 2013 and 2019.
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Product type segment
analyzed in the study include floating production storage and
offloading (FPSO), floating storage and offloading (FSO), Tension Leg
platform (TLP) and Single Point Anchoring Reservoir (SPAR). In terms
of revenue, FPSO was the highest in product segment, accounting for
around 63.8% of the total market share in 2012. Companies such as
Royal Dutch Shell Plc, Petrobras and ENI are using FPSO to extract
crude oil from offshore fields. FSO accounted for a moderate share of
the total FPS market, followed by other equipments such as TLP and
SPAR.
RoW dominated the
global market for floating production systems in 2012. The region
constituted the highest percentage of the global FPS market in terms
of revenue. RoW is the leading market in terms of demand for FPS as
compared to other regions such as Asia Pacific and North America.
This is mainly ascribed due to high demand from South American and
African countries such as Brazil and South Africa. RoW is anticipated
to exhibit the highest growth rate during the forecast period, led by
developing economies such as Brazil and South Africa. North America
and Asia Pacific accounted for substantial shares of the total FPS
market in 2012. The global floating production systems market has
witnessed significant growth over the last few years.
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Companies such as
Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel Offshore
& Marine Ltd, Malaysia Marine and Heavy Engineering Berhad,
Mitsubishi Heavy Industries Ltd, Samsung Heavy Industries Co. Ltd,
SBM Offshore N.V., Teekay Corporation, Technip S.A. and Worley
Parsons Limited are likely to dominate the floating production
systems market in the coming future.
Floating Production
Systems Market: Product Type Analysis
FPSO
TLP
SPAR
FSO
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Floating Production Systems Market Report at
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Floating Production
Systems Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World
(RoW)
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