Floating Production Systems (FPS) Market in Americas 2019-2023

The floating production systems (FPS) market size in the Americas will grow by 50 units during 2019-2023. This report offers an analysis of the market based on type (FPSO, semi-submersible, SPAR, TLP, and others). The research report on the FPS market in Americas further presents in-depth insights on the growth prospects of the market across geographic regions such as North America and South America. The report analyzes the market’s competitive landscape and offers information on several companies including Anadarko Petroleum Corporation, BW Offshore, MODEC, Inc., Petrobras, and SBM Offshore.

Below are some of the key findings from this market analysis report on the floating production systems (FPS) market in the Americas

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Overview of the FPS industry in the Americas

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.

Top FPS companies covered in this market research report

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:

• Anadarko Petroleum Corporation
• BW Offshore  
• MODEC, Inc.
• Petrobras  
• SBM Offshore

Regional segmentation of the FPS market in Americas

• North America
• South America

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.

Segmentation of the FPS market in Americas based on the type

• FPSO
• Semi-submersible
• SPAR
• TLP
• Others

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.

Key highlights of the FPS market in Americas for the forecast years 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the FPS market in the Americas during the next five years
• Precise estimation of the market size for the FPS market in the Americas and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the FPS industry across North America and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of FPS companies in the Americas 

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