Global Floating Production System (FPS) Markets, 2014-2018 & 2019-2024 - ResearchAndMarkets.com
The "Global Floating Production System (FPS) Market - Analysis By Platform Type (Tension Leg, Semi-Submersible, SPAR, FPSO, Drill Ships, Others), Application (Shallow Water, Deep Water, Ultra-Deep Water), By Region, By Country (2019 Edition): Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Global Floating Production System Market was valued at USD 13.7 Billion in the year 2018
Key factors for high demand of Floating Production System 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 System is playing a significant role as after several years of cutbacks, oil companies are poised to develop new offshore fields. According to recent research study, 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.
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
- Competitive Landscape - Market Share, Benchmarking
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
Market Dynamics
Global Floating Production System Market Drivers
- Rising demand for oil and gas
- Increase in Offshore Projects
- Economic growth of underdeveloped nations
- Emerging technological advances
Global Floating Production System Market Restraints
- Fluctuating Crude oil and Natural Gas Prices
- Environmental pollution and safety concern
Global Floating Production System Market Trends
- 4D Seismic Technology
- Blockchain Technology
Global Floating Production System: Competitive Landscape
Companies Mentioned
- 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.
For more information about this report visit https://www.researchandmarkets.com/r/rul2n3
View source version on businesswire.com: https://www.businesswire.com/news/home/20190903005439/en/