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Below are some of the key findings from this market analysis report on the floating production systems (FPS) market in the Americas
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
There is an increase in the number of new offshore oil and gas projects because of the reduction in breakeven costs of offshore oil and gas drilling projects. Additionally, with the advent of advanced technology that supports enhanced project performance, there is also an increase in investments in new offshore oil and gas projects. This will positively influence the demand for FPS as they are used as both storage and offloading facilities in offshore oil and gas activities.
Several R&D activities are taking place to enhance the capabilities and efficiencies of FPS design. Vendors such as SBM offshore are trying to reduce design complexity using new design concepts such as Fast4Ward hull. Similarly, to reduce the cost and delivery time and improve safety levels of FPS, manufacturers have also introduced paired-column semi-submersible as an alternative to conventional semi-submersible FPS units. Such advancements coupled with rising investments in offshore exploration activities will accelerate FPS market growth in the Americas at a CAGR of almost 7% during the forecast period.
The FPS market in the Americas is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this FPS industry analysis report will help clients identify design innovative strategies to make the most of upcoming growth opportunities.
The report offers a complete analysis of various companies including:
South America will hold the highest FPS market share throughout the forecast period. The abundance of oil and gas reserves and the increasing investments in Brazil for offshore E&P activities are major reasons for the high growth of the FPS market in this region.
The FPSO segment will account for the highest FPS market share in the Americas as FPSOs allow oil companies to produce oil from remote areas and deepwater reserves. Additionally, FPSOs are also used to store the treated crude oil and transfer them to shuttle tankers using offloading system.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
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