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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- FPSO - Market size and forecast 2018-2023
- Semi-submersible - Market size and forecast 2018-2023
- SPAR - Market size and forecast 2018-2023
- TLP - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- South America - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Increase in deepwater and ultra-deepwater projects
- Advances in FPS
- Rise in unconventional oil and gas activities
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Anadarko Petroleum Corporation
- BW Offshore
- MODEC, Inc.
- Petrobras
- SBM Offshore
PART 13: APPENDIX
- Research methodology
- List of abbreviations