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Floating Production Systems (FPS) Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 133
  • SKU: IRTNTR73533
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The predicted growth for the floating production systems (FPS) market share in the Americas from 2021 to 2026 is USD 22.73 billion at a progressing CAGR of 8.24%.

This floating production system (FPS) market in the Americas forecast report extensively covers segmentations by:

  • Type - FPSO, semi-submersible, SPAR, TLP, and others
  • Geography - South America, North America, Brazil, US, Mexico, and Canada

The floating production systems (FPS) market in the Americas report offers information on several market vendors, including BHP Group plc, BP Plc, BW Offshore Ltd., Canadian Natural Resources Ltd., Cenovus Energy inc., Chevron Corp., Excelerate Energy inc., Golar LNG Ltd., Hoegh LNG Holdings Ltd., MODEC inc., Murphy Oil Corp., Petroleo Brasileiro SA, SAIPEM SpA, SBM Offshore NV, Shell plc, Suncor Energy inc., Teekay Corp., TotalEnergies SE, W&T Offshore inc., and Yokogawa Electric Corp. among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.

What will the Floating Production Systems (FPS) Market Size in Americas be During the Forecast Period?

Download the Free Report Sample to Unlock the Floating Production Systems (FPS) Market Size in Americas for the Forecast Period and Other Important Statistics

 

Floating Production Systems (FPS) Market in Americas: Key Drivers, Trends, and Challenges

The increase in the demand for energy is notably driving the floating production systems (FPS) market growth in the Americas, although factors such as environmental issues arising from offshore oil and gas drilling may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the floating production systems (FPS) industry in the Americas. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Floating Production Systems (FPS) Market Driver in Americas

  • The increase in the demand for energy is one of the key drivers supporting the Americas floating production systems (FPS) market growth.
  • According to the IEA, the global energy demand is expected to grow by 25% from 2018 to 2040.
  • The increase in the demand for energy from the industrial and power sectors in the Americas is expected to drive the rise in energy consumption.
  • According to the EIA, the US has become a net energy exporter mainly because of the increase in the production of crude oil, natural gas, and natural gas plant liquids coupled with the slow growth in US energy consumption.
  • Due to high production in the Americas, they can cater to the demand for energy in other regions by exporting the produced fuel. Thus, the need to meet the region's rising energy demand for both export and domestic consumption is driving the growth of offshore oil and gas activities, which, in turn, will support the growth of the Americas FPS market during the forecast period.

Key Floating Production Systems (FPS) Market Trend in Americas

  • An increase in deepwater and ultra-deepwater projects is one of the key Americas floating production systems market trends fueling the market growth.
  • Offshore oil and gas production has become a popular source of oil and gas following the rise in global crude oil prices. After undertaking shallow water drilling activities, oil and gas companies are slowly turning to deepwater and ultra-deepwater drilling activities.
  • The average crude oil price should be around $60/bbl for deepwater and ultra-deepwater projects to remain profitable for the company.
  • By 2023, ultra-deepwater is expected to account for more than half of overall deepwater production, with quality oil assets in Brazil, Guyana, and the US driving much of this development.
  • Significantly, offshore deepwater and ultra-deepwater drilling projects are on the rise as more and more oil and gas companies are taking up drilling activities at lower water depths that are extremely challenging, where FPS offers a suitable option. Thus, the growth in deepwater and ultra-deepwater projects will support the growth of the Americas FPS market during the forecast period.

Key Floating Production Systems (FPS) Market Challenge in Americas

  • Environmental issues arising from offshore oil and gas drilling is one of the key challenges limiting the Americas floating production systems market growth.
  • Offshore oil and gas drilling activities generally have an impact on the entire marine ecosystem. The major threats of environmental issues in the offshore drilling environment include the leak of drilling fluids, leaks from pipelines, spillage, and blowouts.
  • Drilling fluids are used for drilling support and are used during drilling operations to remove the drill cuttings. However, an accidental release of these toxic substances into the ocean can affect marine life. 
  • Volatile organic compounds (VOCs,) greenhouse gases, and other air pollutants can be released during exploration and drilling on the platform, transit through tankers, and refinement on land. 
  • Upstream oil and gas companies are focusing on safety equipment, considering the negative financial consequences and publicity of oil spills. However, the risk of oil leaks and spills in offshore E&P activities and the subsequent lawsuits and fines that the company must deal with will have a negative impact on the adoption of FPS in the Americas and affect market growth during the forecast period.

This floating production system (FPS) market in the Americas analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the floating production systems (FPS) market in Americas as a part of the global oil field equipment and services within the global oil and gas market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the floating production systems (FPS) market in the Americas during the forecast period.

Who are the Major Floating Production Systems (FPS) Market Vendors in Americas?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BHP Group plc
  • BP Plc
  • BW Offshore Ltd.
  • Canadian Natural Resources Ltd.
  • Cenovus Energy inc.
  • Chevron Corp.
  • Excelerate Energy inc.
  • Golar LNG Ltd.
  • Hoegh LNG Holdings Ltd.
  • MODEC inc.
  • Murphy Oil Corp.
  • Petroleo Brasileiro SA
  • SAIPEM SpA
  • SBM Offshore NV
  • Shell plc
  • Suncor Energy inc.
  • Teekay Corp.
  • TotalEnergies SE
  • W&T Offshore inc.
  • Yokogawa Electric Corp.

 

This statistical study of the floating production systems (FPS) market in the Americas encompasses successful business strategies deployed by the key vendors. The floating production systems (FPS) market in the Americas is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product insights and News

  • BHP Group plc - It is a public company headquartered in UK. It is a global company generating $60,817 million in revenues and has around 80,000 employees. Its revenue from the global floating production system (FPS) market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
  • BHP Group plc - The company offers floating production systems that offers large, long life and expandable production. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The floating production systems (FPS) market in the Americas forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Floating Production Systems (FPS) Market in the Americas Value Chain Analysis

Our report provides extensive information on the value chain analysis for the floating production systems (FPS) market in the Americas, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Floating Production Systems (FPS) Market in Americas?

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72% of the market’s growth will originate from South America during the forecast period. Brazil and Guyana are the key markets for the floating production systems (FPS) market in South America. Market growth in this region will be faster than the growth of the market in North America.

The increasing number of E and P projects will facilitate the floating production systems (FPS) market growth in South America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had an adverse impact on the regional market. However, as the lockdown restrictions were eased during the second half of 2020 and with several E&P projects in the pipeline for 2021 market gained momentum. Furthermore, the rising E&P activities and rising government investments in oil and gas projects would propel the growth of the regional floating production systems market during the forecast period.

What are the Revenue-generating Type Segments in the Floating Production Systems (FPS) Market in Americas?

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The floating production systems (FPS) market share growth in the Americas by the FPSO segment will be significant during the forecast period. An FPSO unit is a floating platform that is equipped with hydrocarbon processing units for separating and treating crude oil, water, and gases, which flow to the platform from subsea wells. In many cases, this is an oil tanker that has been converted into an FPSO. An FPSO system for oil and gas production can be installed from a reservoir that is located at great depths in the ocean. They allow oil companies to produce oil from more remote areas and deepwater reserves. They also store the treated crude oil and use an offloading system to transfer this crude oil to shuttle tankers for transport to facilities situated onshore. Such advantages of FPSO systems will drive the floating production systems market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the floating production systems (FPS) market size in the Americas and actionable market insights on post COVID-19 impact on each segment.

 

Floating Production Systems (FPS) Market Scope in Americas

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.24%

Market growth 2022-2026

$ 22.73 billion

Market structure

Fragmented

YoY growth (%)

7.45

Regional analysis

South America, North America, Brazil, US, Mexico, and Canada

Performing market contribution

South America at 72%

Key consumer countries

US, Mexico, Canada, Brazil, Guyana, US, Mexico, Canada, Brazil, Guyana, US, Mexico, Canada, Brazil, Guyana, US, Mexico, Canada, Brazil, and Guyana

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BHP Group plc, BP Plc, BW Offshore Ltd., Canadian Natural Resources Ltd., Cenovus Energy inc., Chevron Corp., Excelerate Energy inc., Golar LNG Ltd., Hoegh LNG Holdings Ltd., MODEC inc., Murphy Oil Corp., Petroleo Brasileiro SA, SAIPEM SpA, SBM Offshore NV, Shell plc, Suncor Energy inc., Teekay Corp., TotalEnergies SE, W&T Offshore inc., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Floating Production Systems (FPS) Market in Americas Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive floating production systems (FPS) market growth in the Americas during the next five years
  • Precise estimation of the floating production systems (FPS) market size in the Americas and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the floating production systems (FPS) industry in the Americas across South America, North America, Brazil, US, Mexico, and Canada
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of floating production systems (FPS) market vendors in the Americas 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 FPSO - Market size and forecast 2021-2026
      • Exhibit 28: Chart on FPSO - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on FPSO - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on FPSO - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on FPSO - Year-over-year growth 2021-2026 (%)
    • 5.4 Semi-submersible - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Semi-submersible - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Semi-submersible - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Semi-submersible - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Semi-submersible - Year-over-year growth 2021-2026 (%)
    • 5.5 SPAR - Market size and forecast 2021-2026
      • Exhibit 36: Chart on SPAR - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on SPAR - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on SPAR - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on SPAR - Year-over-year growth 2021-2026 (%)
    • 5.6 TLP - Market size and forecast 2021-2026
      • Exhibit 40: Chart on TLP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on TLP - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on TLP - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on TLP - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Type
      • Exhibit 48: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Brazil - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Brazil - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
    • 7.6 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.7 Mexico - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.8 Canada - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.9 Guyana - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Guyana - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Guyana - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Guyana - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Guyana - Year-over-year growth 2021-2026 (%)
    • 7.10 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 BHP Group plc
              • Exhibit 89: BHP Group plc - Overview
              • Exhibit 90: BHP Group plc - Business segments
              • Exhibit 91: BHP Group plc - Key offerings
              • Exhibit 92: BHP Group plc - Segment focus
            • 10.4 BP Plc
              • Exhibit 93: BP Plc - Overview
              • Exhibit 94: BP Plc - Business segments
              • Exhibit 95: BP Plc - Key offerings
              • Exhibit 96: BP Plc - Segment focus
            • 10.5 BW Offshore Ltd.
              • Exhibit 97: BW Offshore Ltd. - Overview
              • Exhibit 98: BW Offshore Ltd. - Business segments
              • Exhibit 99: BW Offshore Ltd. - Key offerings
              • Exhibit 100: BW Offshore Ltd. - Segment focus
            • 10.6 Chevron Corp.
              • Exhibit 101: Chevron Corp. - Overview
              • Exhibit 102: Chevron Corp. - Business segments
              • Exhibit 103: Chevron Corp. - Key news
              • Exhibit 104: Chevron Corp. - Key offerings
              • Exhibit 105: Chevron Corp. - Segment focus
            • 10.7 Excelerate Energy Inc.
              • Exhibit 106: Excelerate Energy Inc. - Overview
              • Exhibit 107: Excelerate Energy Inc. - Product / Service
              • Exhibit 108: Excelerate Energy Inc. - Key news
              • Exhibit 109: Excelerate Energy Inc. - Key offerings
            • 10.8 Golar LNG Ltd.
              • Exhibit 110: Golar LNG Ltd. - Overview
              • Exhibit 111: Golar LNG Ltd. - Business segments
              • Exhibit 112: Golar LNG Ltd. - Key news
              • Exhibit 113: Golar LNG Ltd. - Key offerings
              • Exhibit 114: Golar LNG Ltd. - Segment focus
            • 10.9 Hoegh LNG Holdings Ltd.
              • Exhibit 115: Hoegh LNG Holdings Ltd. - Overview
              • Exhibit 116: Hoegh LNG Holdings Ltd. - Business segments
              • Exhibit 117: Hoegh LNG Holdings Ltd. - Key news
              • Exhibit 118: Hoegh LNG Holdings Ltd. - Key offerings
              • Exhibit 119: Hoegh LNG Holdings Ltd. - Segment focus
            • 10.10 MODEC Inc.
              • Exhibit 120: MODEC Inc. - Overview
              • Exhibit 121: MODEC Inc. - Product / Service
              • Exhibit 122: MODEC Inc. - Key offerings
            • 10.11 Petroleo Brasileiro SA
              • Exhibit 123: Petroleo Brasileiro SA - Overview
              • Exhibit 124: Petroleo Brasileiro SA - Business segments
              • Exhibit 125: Petroleo Brasileiro SA - Key offerings
              • Exhibit 126: Petroleo Brasileiro SA - Segment focus
            • 10.12 SBM Offshore NV
              • Exhibit 127: SBM Offshore NV - Overview
              • Exhibit 128: SBM Offshore NV - Business segments
              • Exhibit 129: SBM Offshore NV - Key offerings
              • Exhibit 130: SBM Offshore NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The floating production systems (fps) market in americas market growth will increase by $$ 22.73 bn during 2023-2026.
              The floating production systems (fps) market in americas market is expected to grow at a CAGR of 8.24% during 2023-2026.
              Technavio has segmented the floating production systems (fps) market in americas market by type (FPSO, Semi-submersible, SPAR, TLP, and Others) and geography (South America, North America, Brazil, US, and Mexico).
              BHP Group plc, BP Plc, BW Offshore Ltd., Canadian Natural Resources Ltd., Cenovus Energy Inc., Chevron Corp., Excelerate Energy Inc., Golar LNG Ltd., Hoegh LNG Holdings Ltd., MODEC Inc., Murphy Oil Corp., Petroleo Brasileiro SA, SAIPEM SpA, SBM Offshore NV, Shell plc, Suncor Energy Inc., Teekay Corp., TotalEnergies SE, W&T Offshore Inc., Yokogawa Electric Corp. are a few of the key vendors in the floating production systems (fps) market in americas market.
              South America will register the highest growth rate of 72% among the other regions. Therefore, the floating production systems (fps) market in americas market in South America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Mexico
              • Canada
              • Brazil
              • Guyana
              • US
              • Mexico
              • Canada
              • Brazil
              • Guyana
              • US
              • Mexico
              • Canada
              • Brazil
              • Guyana
              • US
              • Mexico
              • Canada
              • Brazil
              • Guyana
              The key factors driving the floating production systems (fps) market in americas market growth are:
              • Increase in the demand for energy
              • Increase in deepwater and ultra-deepwater projects
              The floating production systems (fps) market in americas market vendors should focus on grabbing business opportunities from the fpso segment as it accounted for the largest market share in the base year.
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