Floating System Market

Floating production systems are offshore production facilities that are used for the production of hydrocarbons. The process involved separates oil, water, gas, sand, and so on, and distributes the yields to storage, disposal, or transportation facilities. FPS are an essential component required for offshore oil and gas developments. FPS are used for drilling and exploration activities in offshore oil and gas production at various water depths.

Floating System Market contains market size and forecasts of Floating Production System in global, including the following market information:

Global Floating Production System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Floating Production System Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Floating Production System companies in 2021 (%)

The global Floating Production System market was valued at 32880 million in 2021 and is projected to reach US$ 84570 million by 2028, at a CAGR of 14.5% during the forecast period.

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

FPSO (Floating Production Storage and Offloading) Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Floating Production System include Chevron, Petrobras, Shell, BW Offshore, TOTAL, BP, Golar LNG, Petronas and MODEC and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Floating Production System 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 System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Floating Production System Market Segment Percentages, by Type, 2021 (%)

FPSO (Floating Production Storage and Offloading)

Production Semisubmersible

SPAR

TLP (Tension Leg Platforms)

Other

Global Floating Production System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Floating Production System Market Segment Percentages, by Application, 2021 (%)

Energy Enterprises

Government

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

Global Floating Production System 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 System revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Floating Production System revenues share in global market, 2021 (%)

Key companies Floating Production System sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Floating Production System sales share in global market, 2021 (%)

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

Chevron

Petrobras

Shell

BW Offshore

TOTAL

BP

Golar LNG

Petronas

MODEC

SBM Offshore