According to this report, the Global Floating Production System Market was valued at USD 13.7 Billion in the year 2018.
The report has analysed the Floating Production System Market for the historical period of 2014-2018 and the forecast period of 2019-2024.
Key factors for high demand includes increase in deep water drilling activities and rising number of offshore projects along with growing economy of under-developed nations as well as rise in demand of global energy, product performance and durability.
Floating Production Systems are playing a significant role as after several years of cutbacks, oil companies are poised to develop new offshore fields. Spending on offshore oilfield services will rise by 6% in 2019. Also, most of the oil and gas demand comes from transportation sector where oil continues to face the weakest competition from alternative fuels. Increased digitalization, standardization and use of remote or autonomous operations will continue to bring cost savings to the industry.
The Global Floating Production System market has gained importance as increasing consumption requirement influences the expansion in the oil and gas reserves ultimately affecting floating production system market. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences and the overall strength of the economy.
Scope of the Report
Global Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
Analysis by Application - Shallow water, Deep water, Ultra-deep water
Regional Market - Americas, Europe, Asia Pacific, Middle East & Africa (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
Analysis by Application - Shallow water, Deep water, Ultra-deep water
Prominent Companies
Country Analysis - Floating Production Market - United States, Canada, Mexico, Brazil, United Kingdom, Norway, China, India, Saudi Arabia, Iran (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
Analysis by Application - Shallow water, Deep water, Ultra-deep water
Prominent Companies
Other Report Highlights
Market Share of Leading Companies
Market Attractiveness Charts
Market Dynamics - Trends, Drivers, Challenges
Company Analysis - Malaysia Marine & Heavy Engineering, Bumi Armada Berhad, Keppel Offshore & Marine, Daewoo Shipbuilding & Marine Engineering Co. Ltd., TechnipFMC, SBM Offshore, WorleyParsons, Aker Solutions, Teekay Offshore Partners L.P., Samsung Heavy Industries Co. Ltd.
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Global Oil & Gas Industry Outlook
5. Global Floating Production System: Product Outlook
6. Global Floating Production System: Market Dynamics 6.1 Global Floating Production System Market Drivers 6.1.1 Rising demand for oil and gas 6.1.2 Increase in Offshore Projects 6.1.3 Economic growth of underdeveloped nations 6.1.4 Emerging technological advances 6.2 Global Floating Production System Market Restraints: 6.2.1 Fluctuating Crude oil and Natural Gas Prices 6.2.2 Environmental pollution and safety concern 6.3 Global Floating Production System Market Trends: 6.3.1 4D Seismic Technology 6.3.2 Blockchain Technology 6.4 Global Floating Production System: Competitive Landscape 6.4.1 Product Benchmarking 6.4.2 SWOT Analysis 6.4.3 Porter's Five Force Analysis
7. Market Share of Leading Global Companies
8. Key Developments in Floating Production System Market
9. Global Floating Production System Market Analysis 9.1 Global Floating Production System Market: By Value (USD Million): Year 2014-2018 9.2 Global Floating Production System Market: By Value (USD Million): Year 2019-2024 9.3 Global Oil & Gas Sector Outlook 9.4 Global Economic & Industrial Statistics 9.5 Global Floating Production System Market - Segmental Analysis: By Platform Type Market Share, Year 2018 & 2024 9.6 Global Floating Production System Market - Segmental Analysis: By Platform Type (Tension Leg Platform (TLP), Spar, Semi-submersible, Floating Production Storage & Offloading (FPSO), Drill-ships, Others): By Value, 2014-2018 9.7 Global Floating Production System Market - Segmental Analysis: By Platform Type (Tension Leg Platform (TLP), Spar, Semi-submersible, Floating Production Storage & Offloading (FPSO), Drill-ships, Others): By Value, 2019-2024 9.8 Market Attractiveness Chart of Global Floating Production System Market - By Platform Type, By Value 9.9 Global Floating Production System Market: Segmental Analysis - By Application Market Share, Year 2018 & 2024 9.10 Global Floating Production System Market - Segmental Analysis: By Application (Shallow Water, Deep Water, Ultra-deep Water): By Value, 2014-2018 9.11 Global Floating Production System Market - Segmental Analysis: By Application (Shallow Water, Deep Water, Ultra-deep Water): By Value, 2019-2024 9.12 Market Attractiveness Chart of Global Floating Production System Market - By Application, By Value
10. Global Floating Production System Market: Regional Analysis 10.1 Global Floating Production System Market: Regional Share - By Value: Year 2018 & 2024 10.2 Market Attractiveness Chart of Global Floating Production System Market - By Region,By Value
11. Americas Floating Production System Market Analysis
12. Europe Floating Production System Market Analysis
13. Asia Pacific Floating Production System Market Analysis
14. Middle East & Africa Floating Production System Market Analysis
15. Company Profiles 15.1 Malaysia Marine & Heavy Engineering 15.1.1 Business Overview 15.1.2 Financial Overview: Annual Sales Revenue & Annual Net Profit/Loss,Year 2014-2018 15.1.3 Segmental Overview: Sales Revenue - By Business Segment - Year 2018 15.2 Bumi Armada Berhad 15.3 Keppel Offshore & Marine 15.4 Daewoo Shipbuilding & Marine Engineering Co. Ltd. 15.5 TechnipFMC 15.6 SBM Offshore 15.7 WorleyParsons 15.8 Aker Solutions 15.9 Teekay Offshore Partners L.P. 15.10 Samsung Heavy Industries Co. Ltd.
