Floating Production Storage and Offloading Market Forecast 2021-2024 Global Business Growth, Competition Landscape, Size, Market Drivers and Trends, Opportunities and Challenges, Risks

Global Floating Production Storage and Offloading Market 2021 is an all-inclusive, proficient report provides an in-detail analysis of extensive drivers, challenges, restraints, opportunities, present market trends and approach influencing the Floating Production Storage and Offloading industry together with projections and forecast to 2024. The economical unrest across the globe due to Covid19 pandemic has affected different industries. Several businesses have gone through revenue hassles. It has impacted many product launches and marketing strategies to an extent that numerous industries and global businesses were compelled to either cease, halt or even shut their operations. Now, when businesses are trying to refurbish their existence across the globe, a ready referral guide in the form of market research report can help in providing a direction with the useful information about the market dynamics.

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The floating production storage and offloading market is projected to reach USD 26.0 billion by 2024, recording a CAGR of 5.9% from 2019 to 2024

The floating production storage and offloading market is projected to reach USD 26.0 billion by 2024 from an estimated USD 19.5 billion in 2019, recording a CAGR of 5.9% during the forecast period. Increase in the deep- and ultra-deepwater oil & gas production and cost-efficient procedure of oil & gas production are factors projected to drive the demand for the floating production storage and offloading market, globally.

The floating production storage and offloading market is dominated by a few major players that have a wide regional presence. The leading players include

Bumi Armada(Malaysia), Shell(Netherlands), BP(UK), ExxonMobil(US), Petrobras(Brazil), Chevron(US), MODEC(Japan), Teekay(Bermuda), SBM Offshore(Netherlands), and BW Offshore(Norway).

The distribution of primary interviews is as follows:

  • By Company Type: Tier I–60%, Tier II–27%, and Tier III–13%
  • By Designation: C-level–55%, Managers–30%, and Others*–15%
  • By Region: Americas- 42%, Asia Pacific- 24%, Europe- 18%, Middle East & Africa- 16%

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Research Coverage:

The report defines, describes, and forecasts the floating production storage and offloading market, on the basis of type, propulsion, hull type, usage, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, future trends, and market estimates, in terms of value, in the floating production storage and offloading market.

Major Points from Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Scope
2.2 Market Size Estimation
2.2.1 Demand-Side Analysis
2.2.1.1 Assumptions
2.2.2 Supply-Side Analysis
2.2.2.1 Assumptions
2.2.2.2 Calculation
2.2.3 Forecast
2.3 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Floating Production Storage and Offloading Market
4.2 Floating Production Storage and Offloading Market, By Type
4.3 Floating Production Storage and Offloading Market, By Hull Type
4.4 Floating Production Storage and Offloading Market, By Propulsion
4.5 Floating Production Storage and Offloading Market, By Usage
4.6 Floating Production Storage and Offloading Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Focus on Offshore Exploration & Production Activities
5.2.1.2 Increase in Deep- and Ultra-Deepwater Oil & Gas Production
5.2.2 Restraints
5.2.2.1 High Initial Cost of Building FPSOs
5.2.2.2 Volatile Oil & Gas Prices
5.2.3 Opportunities
5.2.3.1 Technological Advancement of FPSOs Over Other Production Systems
5.2.4 Challenges
5.2.4.1 Increasing Usage of Renewable Energy
5.2.4.2 Decommissioning of Existing Infrastructures

6 Floating Production Storage and Offloading Market, By Propulsion
6.1 Introduction
6.2 Self-Propelled
6.2.1 Low Transportation Cost and Less Time to Transport Crude Oil and Natural Gas to End-Users are Likely to Boost the Demand for Self-Propelled FPSO
6.3 Towed
6.3.1 Growing Demand for New-Build FPSO Would Foster the Demand for Towed FPSO

7 Floating Production Storage and Offloading Market, By Hull Type
7.1 Introduction
7.2 Single Hull

And More…

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