Summary

Floating production storage and offloading (FPSO) refers to a floating vessel located near an offshore oil and gas field, where oil and gas is processed and stored until it can be transferred to a tanker for transporting and additional refining. Global floating production storage and offloading market is associated with design, construction, operation, and leasing of FPSO units, for the production, processing, storage, and offloading of oil & gas. The global FPSO market value stood at US$23.04 billion in 2023, and is expected to reach US$33.32 billion by 2029.

The global FPSO market has seen steady growth in recent years, driven by several key factors, including increasing focus on marginal fields, rising adoption of lease-based FPSO models, high energy demand, positive growth in the upstream oil & gas enterprise, global push towards sustainable energy solutions, ongoing depletion of existing oil and gas fields, and increasing rate of new onshore oil discoveries and improved technology enabling efficient deepwater oil exploration in unprecedented ocean depths. At the same time, new FPSOs are installed to replace the existing infrastructure, which is further augmenting the overall market growth. Growing oil & gas consumption worldwide particularly in power generation and transportation sectors has been further forcing companies to explore more hydrocarbon reserves globally. The market is expected to grow at a CAGR of 6.34% over the projected period of 2024-2029.


Market Segmentation Analysis:

By Type: The report provides the bifurcation of the global FPSO market into two segments on the basis of type, namely, converted and new built. Converted FPSO are more economically viable to build as they repurpose existing vessels. Converted is the largest segment of global FPSO market owing to, growing energy demand, rising preference for lease & charter models, increasing availability of decommissioned or underutilized oil tankers, rising demand in mature offshore fields, increasing emphasis on sustainability, global presence of shipyards with expertise in FPSO conversion, and low capital expenditure & short procurement cycles associated with converted FPSOs. New built is the fastest growing segment of global FPSO market owing to growing global push for energy security, reduced maintenance & downtime, increasing demand in large-scale & long term projects, rising demand for customization among operators, greater processing & storage capacities associated with new built FPSOs, increased preference of new built FPSOs for harsh and ultra-deepwater fields, ongoing integration of enhanced mooring and dynamic positioning systems, and increased capital investments in offshore oil and gas exploration, particularly in regions like Brazil, West Africa, and the Gulf of Mexico.

By Propulsion: The report provides the bifurcation of the global FPSO market into two segments on the basis of propulsion, namely, self propelled, and towed. Self-propelled FPSO segment witness high preference, as it can move without any external propulsion and the transportation cost is lower than the towed FPSOs. Also, self-propelled vessels have the advantage of being able to navigate on their own, which gives them increased maneuverability and precise positioning capabilities. Self propelled is the largest and fastest growing segment of global FPSO market owing to increased preference for long-term asset flexibility, growing demand for FPSO vessels in remote and ultra-deepwater oil & gas fields, increased focus on offshore field redevelopment, reduced cost efficiency of self propelled FPSOs in long-term operations, rapid expansion of offshore natural gas projects, minimal dependence of self propelled FPSOs on shore infrastructure, ongoing innovations in FPSO propulsion systems, and presence of favorable financing options for mobility-oriented assets.

By Hull Type: The report provides the bifurcation of the global FPSO market into two segments on the basis of hull type, namely, single hull, and double hull. Single hull is the largest and fastest growing segment of global FPSO market owing to increasing demand in shallow water and nearshore oil fields, growing trend of refurbishing and upgrading existing single hull FPSOs, rising energy demand, positively expanding oil and gas industry, presence of long-lasting operational history of single hull FPSOs in oil & gas supply chains, increased demand in economically viable offshore projects, and lower initial investment and operational costs associated with single hull FPSOs. The global double hull FPSO market is expected to positively grow in the forecasted period owing to increased emphasis on enhanced safety and environmental protection, rising demand in deepwater and harsh environment operations, increasing oil prices, growing demand in floating LNG and gas export solutions, increasing investment in sustainable & long-term oil production, growing preference for modular FPSO designs, and increasing strategic partnerships and joint ventures between oil and gas companies.

By Usage: The report provides the bifurcation of the global FPSO market into three segments on the basis of usage, namely, shallow water, deep water, and ultra deep water. Shallow water is the largest and fastest growing segment of global FPSO market as a result of abundance of shallow water reserves, growing offshore activities in emerging markets, increasing focus of companies on producing oil from continental shelves & continental slopes, high demand for cost-effective & flexible offshore solutions in mature fields, increased discovery of oil & gas reserves in shallow water areas, short development & production timeline for shallow water FPSOs, and rising demand for oil and gas in coastal regions. Deepwater FPSO market is expected to rapidly grow in the forecasted period owing to increasing energy demand, positive growth in offshore drilling activities to secure long-term hydrocarbon supplies, increased investment in exploration & development of deepwater resources by major oil companies, rising crude oil prices, and increasing innovations in subsea production systems, risers, & mooring technologies.

By Region: The report provides insight into the global FPSO market based on regions namely, North America, Europe, Asia Pacific, and rest of the world. North America is the largest region of global FPSO market as a result of rising demand for offshore oil and gas production, increased investment in developing energy infrastructure, high production targets from the regional agencies, growing industrialization of the deep sea, high capital investment by oil companies, increasing focus on decommissioning of aging infrastructure, growing emphasis on energy independence, high access to skilled personnel and cutting-edge technology providers, and presence of mature oil & gas reserves, particularly in the Gulf of Mexico. The Gulf of Mexico has favorable geology and well-established infrastructure conducive to FPSO operations. Also, North America is home to a number of premier oil and gas corporations including Emerson Electric Co., ExxonMobil, Chevron Corporation, etc., with substantial offshore operations experience and a proven track record of successfully deploying FPSOs, positively contributing to market growth.

Asia Pacific is the fastest growing region of global FPSO market as a result of rapidly rising energy demand among the developing economies, growing emphasis on renewable energy & greenfield developments, increasing focus on developing smaller and marginal offshore fields, growing LNG and natural gas demand, presence of favorable geopolitical climate for offshore projects, strong regional demand for crude oil exports, and presence of large untapped offshore oil and gas potential, particularly in Malaysia, Indonesia, and Australia. On the basis of region, Asia pacific FPSO market is divided into six segments, namely, China, Japan, South Korea, India, Indonesia, and rest of Asia Pacific, where China FPSO market is the largest and fastest growing region of global FPSO market.


Market Dynamics:

Growth Drivers: The global FPSO market has been rapidly growing over the past few years, due to factors such as increasing offshore oil and gas exploration and production activities, rising natural gas production, expanding global energy demand and consumption, increasing emphasis on cost efficiency, growing focus on marginal and stranded fields, etc. With the depletion of resources from easily accessible onshore facilities, oil & gas companies are turning to marginal fields located in deeper waters. So, as onshore and shallow-water reserves become depleted, there is a positive shift towards deeper waters and more remote offshore locations, where FPSOs offer a practical solution for production & storage. In addition, the global shift towards cleaner energy sources has increased the focus on natural gas as a bridge fuel in the energy transition. FPSOs support this transition by facilitating the exploitation of offshore natural gas fields with minimal environmental impact. FPSOs are equipped with facilities to extract natural gas from subsea wells. In addition, some FPSOs are specifically designed as Floating Liquefied Natural Gas (FLNG) units. These systems convert natural gas into LNG by cooling it to extremely low temperatures, reducing its volume for easier transport.

Challenges: However, the global FPSO market growth would be negatively impacted by various challenges such as, fluctuating oil prices, high capital investment, etc. When oil prices are high, the profitability of FPSO projects increases, encouraging companies to invest in new projects and expand existing operations. Conversely, during periods of low or volatile oil prices, many FPSO projects may be suspended or delayed due to reduced financial viability. This uncertainty can lead to a cautious approach in project development, with stakeholders focusing on cost-reduction strategies and phased development approaches to mitigate risks associated with low oil prices. Also, oil companies tend to prioritize projects with quicker returns, and FPSO units typically serve more complex and expensive offshore oil production needs, which are less attractive when the price of oil is low.

Trends: The global FPSO market is projected to grow at a fast pace during the forecasted period, owing to, increasing focus on redeployment of existing FPSOs, rising emphasis on emissions reduction & environmental stewardship, ongoing technological advancements, positive shift towards modular designs, ongoing collaborative efforts & long term contracts among companies, etc. Redeploying existing FPSOs is significantly more cost-effective than building new units from scratch. It eliminates the need for costly fabrication processes, and allows oil companies to save on capital expenditure by refurbishing and relocating an FPSO to a new site, making it a more viable choice in the face of budget constraints or volatile oil prices. Also, redeployment of FPSOs requires less time compared to designing, building, and commissioning new units. This faster turnaround has allowed oil companies to quickly capitalize on new opportunities in underdeveloped or newly discovered fields.


Impact Analysis of COVID-19 and Way Forward:

COVID-19 brought in many changes in the world in terms of reduced productivity, loss of life, business closures, closing down of factories and organizations, and shift to an online mode of work. The growth of global FPSO market was negatively impacted during the period 2019-2020. Lockdown policies imposed by the government to prevent the spread of the virus forced FPSO manufacturing and oil & gas producing industries to either shut down or run low on production capacity, resulting in temporary shutdowns of shipyards and manufacturing facilities where FPSOs are fabricated, as well as lower production and demand of FPSO units during the period, 2019-2020. Also, global lockdowns was associated with reduced demand for transportation & industrial energy, leading to a sharp decline in oil & gas consumption during the period. This lead to oil companies prioritized cutting costs over launching new exploration or production projects. FPSO units, primarily used for deepwater and ultra-deepwater projects, became less of a priority as companies focused on maintaining existing production.


Competitive Landscape:

The global FPSO market is moderately consolidated, with majority of regional and domestic players catering to the global demand. The key players of the market are:
ABB Group
Bumi Armada Berhad (BAB)
MODEC, Inc.
SBM Offshore
BW Offshore
Emerson Electric Co.
Teekay Corporation Ltd.
Yinson Holdings Berhad
SAIPEM SpA
Offshore Oil Engineering Corp CNOOC Ltd.
Aker Solutions
Bluewater Energy Services B.V.

The market exhibits high concentration, with a few key players dominating the majority of market share because of their strong brand presence and extensive distribution networks. Key players, alongside other participants, actively engage in strategic initiatives like mergers, acquisitions, and collaborations to expand their global reach and enhance their technological capabilities. For instance, on May 02, 2023, SBM Offshore announced that the company signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana FPSO fleet for a period of 10 years up to 2033. Similarly, on September 15, 2023, SBM Offshore and Mitsubishi Heavy Industries Ltd. announced the signing of a Partnership Agreement that will offer a CO2 capture solution for floating production storage and offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows a successful engineering and design study between the companies demonstrating the technical feasibility and commercial readiness of CO2 capture technology offshore.

 

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Table of Contents

1. Executive Summary

2. Introduction

2.1 Floating Production Storage and Offloading (FPSO): An Overview
2.1.1 Floating Production Storage and Offloading (FPSO): An Introduction
2.1.2 Benefits of Floating Production Storage and Offloading (FPSO)

2.2 Floating Production Storage and Offloading (FPSO) Segmentation: An Overview
2.2.1 Floating Production Storage and Offloading (FPSO) Segmentation

3. Global Market Analysis

3.1 Global Floating Production Storage and Offloading (FPSO) Market: An Analysis

3.1.1 Global Floating Production Storage and Offloading (FPSO) Market: An Overview
3.1.2 Global Floating Production Storage and Offloading (FPSO) Market by Value
3.1.3 Global Floating Production Storage and Offloading (FPSO) Market by Type (Converted, and New Built)
3.1.4 Global Floating Production Storage and Offloading (FPSO) Market by Propulsion (Self Propelled, and Towed)
3.1.5 Global Floating Production Storage and Offloading (FPSO) Market by Hull Type (Single Hull, and Double Hull)
3.1.6 Global Floating Production Storage and Offloading (FPSO) Market by Usage (Shallow Water, Deep Water, and Ultra Deep Water)
3.1.7 Global Floating Production Storage and Offloading (FPSO) Market by Region (North America, Asia Pacific, Europe, and rest of the world)

3.2 Global Floating Production Storage and Offloading (FPSO) Market: Type Analysis

3.2.1 Global Floating Production Storage and Offloading (FPSO) Market: Type Overview
3.2.2 Global Converted Floating Production Storage and Offloading (FPSO) Market by Value
3.2.3 Global New Built Floating Production Storage and Offloading (FPSO) Market by Value

3.3 Global Floating Production Storage and Offloading (FPSO) Market: Propulsion Analysis

3.3.1 Global Floating Production Storage and Offloading (FPSO) Market: Propulsion Overview
3.3.2 Global Self Propelled Floating Production Storage and Offloading (FPSO) Market by Value
3.3.3 Global Towed Floating Production Storage and Offloading (FPSO) Market by Value

3.4 Global Floating Production Storage and Offloading (FPSO) Market: Hull Type Analysis

3.4.1 Global Floating Production Storage and Offloading (FPSO) Market: Hull Type Overview
3.4.2 Global Single Hull Floating Production Storage and Offloading (FPSO) Market by Value
3.4.3 Global Double Hull Floating Production Storage and Offloading (FPSO) Market by Value

3.5 Global Floating Production Storage and Offloading (FPSO) Market: Usage Analysis

3.5.1 Global Floating Production Storage and Offloading (FPSO) Market: Usage Overview
3.5.2 Global Shallow Water Floating Production Storage and Offloading (FPSO) Market by Value
3.5.3 Global Deep Water Floating Production Storage and Offloading (FPSO) Market by Value
3.5.4 Global Ultra Deep Water Floating Production Storage and Offloading (FPSO) Market by Value

4. Regional Market Analysis

4.1 North America Floating Production Storage and Offloading (FPSO) Market: An Analysis

4.1.1 North America Floating Production Storage and Offloading (FPSO) Market: An Overview
4.1.2 North America Floating Production Storage and Offloading (FPSO) Market by Value
4.1.3 North America Floating Production Storage and Offloading (FPSO) Market by Type (Converted, and New Built)
4.1.4 North America Floating Production Storage and Offloading (FPSO) Market by Propulsion (Self Propelled, and Towed)
4.1.5 North America Floating Production Storage and Offloading (FPSO) Market by Hull Type (Single Hull, and Double Hull)
4.1.6 North America Floating Production Storage and Offloading (FPSO) Market by Usage (Shallow Water, Deep Water, and Ultra Deep Water)
4.1.7 North America Floating Production Storage and Offloading (FPSO) Market by Region (The US, Canada, and Mexico)
4.1.8 The US Floating Production Storage and Offloading (FPSO) Market by Value
4.1.9 Canada Floating Production Storage and Offloading (FPSO) Market by Value
4.1.10 Mexico Floating Production Storage and Offloading (FPSO) Market by Value

4.2 Europe Floating Production Storage and Offloading (FPSO) Market: An Analysis

4.2.1 Europe Floating Production Storage and Offloading (FPSO) Market: An Overview
4.2.2 Europe Floating Production Storage and Offloading (FPSO) Market by Value
4.2.3 Europe Floating Production Storage and Offloading (FPSO) Market by Type (Converted, and New Built)
4.2.4 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion (Self Propelled, and Towed)
4.2.5 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type (Single Hull, and Double Hull)
4.2.6 Europe Floating Production Storage and Offloading (FPSO) Market by Usage (Shallow Water, Deep Water, and Ultra Deep Water)
4.2.7 Europe Floating Production Storage and Offloading (FPSO) Market by Region (Germany, UK, France, Italy, Spain, and rest of Europe)
4.2.8 Germany Floating Production Storage and Offloading (FPSO) Market by Value
4.2.9 UK Floating Production Storage and Offloading (FPSO) Market by Value
4.2.10 France Floating Production Storage and Offloading (FPSO) Market by Value
4.2.11 Spain Floating Production Storage and Offloading (FPSO) Market by Value
4.2.12 Italy Floating Production Storage and Offloading (FPSO) Market by Value
4.2.13 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Value

4.3 Asia Pacific Floating Production Storage and Offloading (FPSO) Market: An Analysis

4.3.1 Asia Pacific Floating Production Storage and Offloading (FPSO) Market: An Overview
4.3.2 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value
4.3.3 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type (Converted, and New Built)
4.3.4 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion (Self Propelled, and Towed)
4.3.5 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type (Single Hull, and Double Hull)
4.3.6 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Usage (Shallow Water, Deep Water, and Ultra Deep Water)
4.3.7 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Region (China, Japan, South Korea, India, Indonesia, and rest of Asia Pacific)
4.3.8 China Floating Production Storage and Offloading (FPSO) Market by Value
4.3.9 Japan Floating Production Storage and Offloading (FPSO) Market by Value
4.3.10 South Korea Floating Production Storage and Offloading (FPSO) Market by Value
4.3.11 India Floating Production Storage and Offloading (FPSO) Market by Value
4.3.12 Indonesia Floating Production Storage and Offloading (FPSO) Market by Value
4.3.13 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value

4.4 Rest of the World Floating Production Storage and Offloading (FPSO) Market: An Analysis

4.4.1 Rest of the World Floating Production Storage and Offloading (FPSO) Market: An Overview
4.4.2 Rest of the World Floating Production Storage and Offloading (FPSO) Market by Value

5. Impact of COVID-19

5.1 Impact of COVID-19 on Global Floating Production Storage and Offloading (FPSO) Market
5.2 Post COVID-19 Impact on Global Floating Production Storage and Offloading (FPSO) Market

6. Market Dynamics

6.1 Growth Drivers
6.1.1 Increasing Offshore Oil and Gas Exploration and Production Activities
6.1.2 Rising Natural Gas Production
6.1.3 Expanding Global Energy Demand and Consumption
6.1.4 Increasing Emphasis On Cost Efficiency
6.1.5 Growing Focus on Marginal and Stranded Fields

6.2 Challenges
6.2.1 Fluctuating Oil Prices
6.2.2 High Capital Investment

6.3 Market Trends
6.3.1 Increasing Focus On Redeployment Of Existing FPSOs
6.3.2 Rising Emphasis on Emissions Reduction & Environmental Stewardship
6.3.3 Ongoing Technological Advancements
6.3.4 Positive Shift Towards Modular Designs
6.3.5 Ongoing Collaborative Efforts & Long Term Contracts Among Companies

7. Competitive Landscape

7.1 Global Floating Production Storage and Offloading (FPSO) Market: Competitive Landscape

8. Company Profiles

8.1 ABB Group
8.1.1 Business Overview
8.1.2 Operating Businesses Areas
8.1.3 Business Strategy

8.2 Bumi Armada Berhad (BAB)
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy

8.3 MODEC, Inc.
8.3.1 Business Overview
8.3.2 Revenue By Geographical Areas
8.3.3 Business Strategy

8.4 SBM Offshore
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy

8.5 BW Offshore
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy

8.6 Emerson Electric Co.
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy

8.7 Teekay Corporation Ltd.
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy

8.8 Yinson Holdings Berhad
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy

8.9 SAIPEM SpA
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy

8.10 Offshore Oil Engineering Corp CNOOC Ltd.
8.10.1 Business Overview
8.10.2 Operating Revenue by Region
8.10.3 Business Strategy

8.11 Aker Solutions
8.11.1 Business Overview
8.11.2 Operating Segments
8.11.3 Business Strategy

8.12 Bluewater Energy Services B.V.
8.12.1 Business Overview
8.12.2 Business Strategy

List of Figures

Figure 1: Floating Production Storage and Offloading (FPSO) Segmentation
Figure 2: Global Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 3: Global Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 4: Global Floating Production Storage and Offloading (FPSO) Market by Type; 2023 (Percentage, %)
Figure 5: Global Floating Production Storage and Offloading (FPSO) Market by Propulsion; 2023 (Percentage, %)
Figure 6: Global Floating Production Storage and Offloading (FPSO) Market by Hull Type; 2023 (Percentage, %)
Figure 7: Global Floating Production Storage and Offloading (FPSO) Market by Usage; 2023 (Percentage, %)
Figure 8: Global Floating Production Storage and Offloading (FPSO) Market by Region; 2023 (Percentage, %)
Figure 9: Global Converted Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 10: Global Converted Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 11: Global New Built Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 12: Global New Built Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 13: Global Self Propelled Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 14: Global Self Propelled Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 15: Global Towed Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 16: Global Towed Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 17: Global Single Hull Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 18: Global Single Hull Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 19: Global Double Hull Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 20: Global Double Hull Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 21: Global Shallow Water Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 22: Global Shallow Water Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 23: Global Deep Water Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 24: Global Deep Water Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 25: Global Ultra Deep Water Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 26: Global Ultra Deep Water Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 27: North America Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 28: North America Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 29: North America Floating Production Storage and Offloading (FPSO) Market by Type; 2023 and 2029 (Percentage, %)
Figure 30: North America Floating Production Storage and Offloading (FPSO) Market by Propulsion; 2023 and 2029 (Percentage, %)
Figure 31: North America Floating Production Storage and Offloading (FPSO) Market by Hull Type; 2023 and 2029 (Percentage, %)
Figure 32: North America Floating Production Storage and Offloading (FPSO) Market by Usage; 2023 and 2029 (Percentage, %)
Figure 33: North America Floating Production Storage and Offloading (FPSO) Market by Region; 2023 (Percentage, %)
Figure 34: The US Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 35: The US Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 36: Canada Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 37: Canada Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 38: Mexico Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 39: Mexico Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Million)
Figure 40: Europe Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 41: Europe Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 42: Europe Floating Production Storage and Offloading (FPSO) Market by Type; 2023 and 2029 (Percentage, %)
Figure 43: Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion; 2023 and 2029 (Percentage, %)
Figure 44: Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type; 2023 and 2029 (Percentage, %)
Figure 45: Europe Floating Production Storage and Offloading (FPSO) Market by Usage; 2023 and 2029 (Percentage, %)
Figure 46: Europe Floating Production Storage and Offloading (FPSO) Market by Region; 2023 (Percentage, %)
Figure 47: Germany Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 48: Germany Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 49: UK Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 50: UK Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 51: France Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 52: France Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 53: Spain Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 54: Spain Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Million)
Figure 55: Italy Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 56: Italy Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Million)
Figure 57: Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 58: Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 59: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 60: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 61: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type; 2023 and 2029 (Percentage, %)
Figure 62: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion; 2023 and 2029 (Percentage, %)
Figure 63: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type; 2023 and 2029 (Percentage, %)
Figure 64: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Usage; 2023 and 2029 (Percentage, %)
Figure 65: Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Region; 2023 (Percentage, %)
Figure 66: China Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 67: China Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 68: Japan Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 69: Japan Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 70: South Korea Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 71: South Korea Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 72: India Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 73: India Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 74: Indonesia Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 75: Indonesia Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Million)
Figure 76: Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Million)
Figure 77: Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 78: Rest of the World Floating Production Storage and Offloading (FPSO) Market by Value; 2020-2023 (US$ Billion)
Figure 79: Rest of the World Floating Production Storage and Offloading (FPSO) Market by Value; 2024-2029 (US$ Billion)
Figure 80: Global Number Of Offshore Oil Rigs; 2020-2023 (Units)
Figure 81: North America Natural Gas Production; 2020-2023 (Bcm)
Figure 82: Global Primary Energy Consumption; 2020-2023 (TWh)
Figure 83: OPEC Crude Oil Prices; 2020-2024 (US$ per Barrel)
Figure 84: ABB Group Revenues by Business Areas; 2023 (Percentage, %)
Figure 85: Bumi Armada Berhad Total Revenue by Segment; 2023 (Percentage, %)
Figure 86: MODEC, Inc., Revenue by Geographical Areas; 2023 (Percentage, %)
Figure 87: SBM Offshore Revenue by Segment; 2023 (Percentage, %)
Figure 88: BW Offshore Total Revenue by Segment; 2023 (Percentage, %)
Figure 89: Emerson Electric Co. Sales by Segment; 2023 (Percentage, %)
Figure 90: Teekay Corporation Ltd. Revenue by Segment; 2023 (Percentage, %)
Figure 91: Yinson Holdings Berhad Revenue by Segment; 2023 (Percentage, %)
Figure 92: SAIPEM SpA Net Revenues by Segment; 2023 (Percentage, %)
Figure 93: Offshore Oil Engineering Corp CNOOC Ltd. Operating Revenue by Region; 2023 (Percentage, %)
Figure 94: Aker Solutions Revenue by Segment; 2023 (Percentage, %)