FPS Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The FPS market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“FPS Market report is anticipated to register a CAGR of XX% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global FPS Market are –
- Baker Hughes Inc.
- BUMI Armada Berhad
- Daewoo Shipbuilding & Marine Engineering Co. Ltd
- Halliburton Company
- Keppel Offshore and Marine Ltd
- Malaysia Marine and Heavy Engineering SDN BHD
- Mitsubishi Heavy Industries Corporation
- Nabors Industries Ltd
- Pipavav Defence and Offshore Engineering Company Ltd
- Samsung Heavy Industries Co. Ltd
- SBM Offshore
- Schlumberger Limited
- Technip SA
- Teekay Corporation
- Weatherford International
The global floating production storage (FPS) market is in a growth phase, on account of the increased focus on the development of offshore oil & gas production. Due to the immense potential of extraction of hydrocarbons from the sea bed, the offshore production of hydrocarbon has been receiving significant thrust. FPSs find various applications, especially in fields that are too far offshore, to build an economical pipeline infrastructure.
Increasing Energy Demand – A Growth Driver
The increasing energy demand is expected to drive the floating production system market during the coming decade, as the region’s new exploration activity is at an all-time high and the operators are often forced to work in much deeper waters, which require sophisticated technology and equipment. A floating production system typically consists of buoys, turret moorings, and offshore loading towers. The usage of FPS is flexible and can be transferred from location to the other, without much hassle. FPS units are designed to accumulate the hydrocarbons that are produced by the production unit of FPS. The hydrocarbons are stored in the storage unit of the system, until they are offloaded into a tanker or transferred through a pipeline. In case of FPSs, the requirement of long-distance pipeline from the processing facility is offset, which is a big boost for its adoption.
North America is Expected to Witness Significant Growth
Owing to the considerable investments planned in upstream activities pertaining to deep-water and ultra-deep water reserves of hydrocarbons, the North American region is expected to witness significant growth during the forecast period,. The improvement in oil prices has led to improved sentiments in the upstream sector in recent months, and companies operating in exploration and production are willing to invest.
Brazil to Dominate the Market’s Growth
Brazil is anticipated to dominate the market’s growth, on account of the widespread development of offshore exploration fields. The country is likely to witness the development of fields in the sub-salt and post-salt areas, in the deep and ultra-deep offshore areas. The National Oil Company of Brazil, Petroleo Brasileiro (Petrobras), has outlined aggressive plans for the development of the country’s sub-salt hydrocarbon resources in the Santos and Campos basins, mainly through FPSs. The development of similar huge projects is expected to boost the FPS market during the forecast period.
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Scope of the Report:
The report analyses FPS market, which includes –
- Analysis of the growth of FPS market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides FPS market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level FPS market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on FPS market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of FPS Market Report:
- Varying dynamics of the FPS industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- FPS market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- FPS market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase FPS Market Report:
- The report analyses how stringent emission control norms will drive the global FPS market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major FPS market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of FPS:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of FPS Market Report @ https://www.360marketupdates.com/TOC/12885417#TOC
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