Floating Storage and Offloading Market

Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.

FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.

The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option

Floating Storage and Offloading Market contains market size and forecasts of Floating Production Storage and Offloading (FPSO) in global, including the following market information:

Global Floating Production Storage and Offloading (FPSO) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Floating Production Storage and Offloading (FPSO) Market Sales, 2017-2022, 2023-2028, (Units)

Global top five Floating Production Storage and Offloading (FPSO) companies in 2021 (%)

The global Floating Production Storage and Offloading (FPSO) market was valued at 21750 million in 2021 and is projected to reach US$ 30170 million by 2028, at a CAGR of 4.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Spread Mooring Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Floating Production Storage and Offloading (FPSO) include Dalian Shipbuilding Industry Co., Ltd, China Ocean Shipping (Group) Company, CIMC Raffles, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., Keppel Corporation Limited, Hyundai Heavy Industries, Sembcorp Marine and China State Shipbuilding Corporation and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Floating Production Storage and Offloading (FPSO) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Floating Production Storage and Offloading (FPSO) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, by Type, 2021 (%)

Spread Mooring

Single Point Mooring (SPM)

Dynamic Positioning (DP)

Global Floating Production Storage and Offloading (FPSO) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, by Application, 2021 (%)

Shallow Water

Deep Water

Ultra-deep Water

Global Floating Production Storage and Offloading (FPSO) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)

Global Floating Production Storage and Offloading (FPSO) Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Floating Production Storage and Offloading (FPSO) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Floating Production Storage and Offloading (FPSO) revenues share in global market, 2021 (%)

Key companies Floating Production Storage and Offloading (FPSO) sales in global market, 2017-2022 (Estimated), (Units)

Key companies Floating Production Storage and Offloading (FPSO) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Dalian Shipbuilding Industry Co., Ltd

China Ocean Shipping (Group) Company

CIMC Raffles

Samsung Heavy Industries

Daewoo Shipbuilding & Marine Engineering Co., Ltd.

Keppel Corporation Limited

Hyundai Heavy Industries

Sembcorp Marine

China State Shipbuilding Corporation

China Merchants Industry Holdings