Global
Floating Production Systems Market
- Global Industry Analysis, Size, Share, Growth and Forecast, 2013 –
2019 ALBANY,
New York, August 5, 2014 – In its market research report published
recently, Transparency Market Research, a U.S.-based market
intelligence firm states that the global floating production systems
market which had a market value worth $ 12,616 million in 2012 is
expected to reach an approximate value of $38,752.7 million by 2019.
The report, titled ‘Floating Production Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019,’ is now available for sale on the company’s website.
Browse
Full Report : http://www.transparencymarketresearch.com/floating-production-system-market.html
This
market research report gives a detailed analysis of the global
floating production systems market. Floating production systems refer
to offshore drilling instruments that are used for crude oil
extraction from the offshore oil fields. Market segmentation has been
done on the basis of region and the types of products in the floating
production systems market.
There
are four basic types of products in the floating production systems
market, which are SPAR (Single Point Anchoring Reservoir), FPSO
(Floating Production Storage and Offloading), FSO (Floating Storage
and Offloading) and TLP (Tension Leg Platform). Out of the four
product types, FPS equipments have the highest demand. Floating
production systems are available in various sizes and shapes.
A
normal FPS equipment is a vessel which is ship shaped. In the year
2012, FPSO had generated the highest revenue since it is the most
widely used. These can be used in water fields of varying depths and
since they can be easily installed these are mainly preferred in
frontier offshore areas. FPSO and FSO do not require infrastructure
for pipelines and neither do they need tankers for transportation of
crude oil, thereby minimizing the high operational costs. SPAR and
TLP are used in those offshore oilfields wherein high waves create
huge vibrations.
According
to this report, various countries like Australia, Vietnam, Thailand
and Malaysia that are engaged in crude oil extraction are procuring
floating production system devices. Significant demand for floating
production equipments is getting generated by some of the RoW (Rest
of the World) countries like Brazil and Africa because of a large
number of offshore drilling projects taking place in these areas.
According to forecasts, about 80 drilling projects will be undertaken
in Western Africa and Brazil in the near future. Maximum European oil
reserves are situated in the offshore areas of the Norwegian Sea,
North Sea and the Barents Sea. In addition to North America,
developing economies like India and China will report robust growth
due to speedy industrialization and rapid growth of population.
The
TMR report gives a comprehensive analysis of some of the prominent
players in the global floating production systems market which
include companies like Worley Parsons Limited, SBM Offshore N.V.,
Mitsubishi Heavy Industries Ltd., Bumi Armada Berhad, Samsung Heavy
Industries Co. Ltd., Teekay Corporation, Keppel Offshore & Marine
Ltd., Technip S.A., Malaysia Marine and Heavy Engineering Berhad.
This
report lays emphasis on the degree of competition that is prevailing
in the floating production systems market.
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