Global Floating Production Storage and Offloading Market 2024-2028

PUBLISHED: February 27, 2024

PAGES: 156 Pages

DELIVERY TIME: 1-2 business days

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The floating production storage and offloading market is forecasted to grow by USD 8.58 bn during 2023-2028, accelerating at a CAGR of 6.34% during the forecast period. The report on the floating production storage and the offloading market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing investments in offshore E and P activities, rising demand for energy, and growing demand for towed floating production storage and offloading.

Technavio's floating production storage and offloading market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.56%
CAGR	6.34%
Incremental Value	$8.58bn

By Type

Single
Double

By Product Type

Converted
Newly built

By Geographical Landscape

South America
Middle East and Africa
APAC
Europe
North America

This study identifies the increase in deepwater and ultra-deepwater projects as one of the prime reasons driving the floating production storage and offloading market growth during the next few years. Also, technological advances in floating production storage and offloading and a shift toward production from unconventional oil and gas resources will lead to sizable demand in the market.

The report on the floating production storage and offloading market covers the following areas:

Floating production storage and offloading market sizing
Floating production storage and offloading market forecast
Floating production storage and offloading market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floating production storage and offloading market vendors that include BUMI ARMADA BERHAD, Bluewater Energy Services BV, BP Plc, BW Offshore Ltd., Chevron Corp., China National Offshore Oil Corp., Exxon Mobil Corp., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., MODEC Inc., Petroleo Brasileiro SA, Saipem S.p.A., SBM Offshore NV, Shell plc, TechnipFMC plc, TotalEnergies SE, Vietnam Oil and Gas Group, Woodside Energy Group Ltd., and Yinson Holdings Berhad. Also, the floating production storage and offloading market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR77574

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global floating production storage and offloading market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Product Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Single - Market size and forecast 2023-2028
6.4 Double - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Product Type

7.1 Market segments
7.2 Comparison by Product Type
7.3 Converted - Market size and forecast 2023-2028
7.4 Newly built - Market size and forecast 2023-2028
7.5 Market opportunity by Product Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 South America - Market size and forecast 2023-2028
9.4 Middle East and Africa - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Europe - Market size and forecast 2023-2028
9.7 North America - Market size and forecast 2023-2028
9.8 Brazil - Market size and forecast 2023-2028
9.9 UK - Market size and forecast 2023-2028
9.10 Angola - Market size and forecast 2023-2028
9.11 Nigeria - Market size and forecast 2023-2028
9.12 China - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 BUMI ARMADA BERHAD
12.4 Bluewater Energy Services BV
12.5 BP Plc
12.6 BW Offshore Ltd.
12.7 Chevron Corp.
12.8 Exxon Mobil Corp.
12.9 Mitsubishi Heavy Industries Ltd.
12.10 MODEC Inc.
12.11 Petroleo Brasileiro SA
12.12 SBM Offshore NV
12.13 Shell plc
12.14 TechnipFMC plc
12.15 TotalEnergies SE
12.16 Woodside Energy Group Ltd.
12.17 Yinson Holdings Berhad

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations

Product Code: IRTNTR77574

Exhibits:

Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Type
Exhibits6: Executive Summary - Chart on Market Segmentation by Product Type
Exhibits7: Executive Summary - Chart on Incremental Growth
Exhibits8: Executive Summary - Data Table on Incremental Growth
Exhibits9: Executive Summary - Chart on Vendor Market Positioning
Exhibits10: Parent market
Exhibits11: Market Characteristics
Exhibits12: Offerings of vendors included in the market definition
Exhibits13: Market segments
Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Historic Market Size - Data Table on global floating production storage and offloading market 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits20: Historic Market Size - Product Type Segment 2018 - 2022 ($ billion)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Type - Market share 2023-2028 (%)
Exhibits31: Data Table on Type - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Type
Exhibits33: Data Table on Comparison by Type
Exhibits34: Chart on Single - Market size and forecast 2023-2028 ($ billion)
Exhibits35: Data Table on Single - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Chart on Single - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on Single - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on Double - Market size and forecast 2023-2028 ($ billion)
Exhibits39: Data Table on Double - Market size and forecast 2023-2028 ($ billion)
Exhibits40: Chart on Double - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on Double - Year-over-year growth 2023-2028 (%)
Exhibits42: Market opportunity by Type ($ billion)
Exhibits43: Data Table on Market opportunity by Type ($ billion)
Exhibits44: Chart on Product Type - Market share 2023-2028 (%)
Exhibits45: Data Table on Product Type - Market share 2023-2028 (%)
Exhibits46: Chart on Comparison by Product Type
Exhibits47: Data Table on Comparison by Product Type
Exhibits48: Chart on Converted - Market size and forecast 2023-2028 ($ billion)
Exhibits49: Data Table on Converted - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Chart on Converted - Year-over-year growth 2023-2028 (%)
Exhibits51: Data Table on Converted - Year-over-year growth 2023-2028 (%)
Exhibits52: Chart on Newly built - Market size and forecast 2023-2028 ($ billion)
Exhibits53: Data Table on Newly built - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Chart on Newly built - Year-over-year growth 2023-2028 (%)
Exhibits55: Data Table on Newly built - Year-over-year growth 2023-2028 (%)
Exhibits56: Market opportunity by Product Type ($ billion)
Exhibits57: Data Table on Market opportunity by Product Type ($ billion)
Exhibits58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits61: Chart on Geographic comparison
Exhibits62: Data Table on Geographic comparison
Exhibits63: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits64: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits65: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits66: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits67: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits68: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits69: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits70: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits82: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits83: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibits84: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
Exhibits85: Chart on Brazil - Year-over-year growth 2023-2028 (%)
Exhibits86: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
Exhibits87: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits88: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits89: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits90: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits91: Chart on Angola - Market size and forecast 2023-2028 ($ billion)
Exhibits92: Data Table on Angola - Market size and forecast 2023-2028 ($ billion)
Exhibits93: Chart on Angola - Year-over-year growth 2023-2028 (%)
Exhibits94: Data Table on Angola - Year-over-year growth 2023-2028 (%)
Exhibits95: Chart on Nigeria - Market size and forecast 2023-2028 ($ billion)
Exhibits96: Data Table on Nigeria - Market size and forecast 2023-2028 ($ billion)
Exhibits97: Chart on Nigeria - Year-over-year growth 2023-2028 (%)
Exhibits98: Data Table on Nigeria - Year-over-year growth 2023-2028 (%)
Exhibits99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits102: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits103: Market opportunity By Geographical Landscape ($ billion)
Exhibits104: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits105: Impact of drivers and challenges in 2023 and 2028
Exhibits106: Overview on Criticality of inputs and Factors of differentiation
Exhibits107: Overview on factors of disruption
Exhibits108: Impact of key risks on business
Exhibits109: Vendors covered
Exhibits110: Matrix on vendor position and classification
Exhibits111: BUMI ARMADA BERHAD - Overview
Exhibits112: BUMI ARMADA BERHAD - Business segments
Exhibits113: BUMI ARMADA BERHAD - Key offerings
Exhibits114: BUMI ARMADA BERHAD - Segment focus
Exhibits115: Bluewater Energy Services BV - Overview
Exhibits116: Bluewater Energy Services BV - Product / Service
Exhibits117: Bluewater Energy Services BV - Key offerings
Exhibits118: BP Plc - Overview
Exhibits119: BP Plc - Business segments
Exhibits120: BP Plc - Key news
Exhibits121: BP Plc - Key offerings
Exhibits122: BP Plc - Segment focus
Exhibits123: BW Offshore Ltd. - Overview
Exhibits124: BW Offshore Ltd. - Business segments
Exhibits125: BW Offshore Ltd. - Key offerings
Exhibits126: BW Offshore Ltd. - Segment focus
Exhibits127: Chevron Corp. - Overview
Exhibits128: Chevron Corp. - Business segments
Exhibits129: Chevron Corp. - Key news
Exhibits130: Chevron Corp. - Key offerings
Exhibits131: Chevron Corp. - Segment focus
Exhibits132: Exxon Mobil Corp. - Overview
Exhibits133: Exxon Mobil Corp. - Business segments
Exhibits134: Exxon Mobil Corp. - Key news
Exhibits135: Exxon Mobil Corp. - Key offerings
Exhibits136: Exxon Mobil Corp. - Segment focus
Exhibits137: Mitsubishi Heavy Industries Ltd. - Overview
Exhibits138: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibits139: Mitsubishi Heavy Industries Ltd. - Key news
Exhibits140: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibits141: Mitsubishi Heavy Industries Ltd. - Segment focus
Exhibits142: MODEC Inc. - Overview
Exhibits143: MODEC Inc. - Product / Service
Exhibits144: MODEC Inc. - Key offerings
Exhibits145: Petroleo Brasileiro SA - Overview
Exhibits146: Petroleo Brasileiro SA - Business segments
Exhibits147: Petroleo Brasileiro SA - Key offerings
Exhibits148: Petroleo Brasileiro SA - Segment focus
Exhibits149: SBM Offshore NV - Overview
Exhibits150: SBM Offshore NV - Business segments
Exhibits151: SBM Offshore NV - Key offerings
Exhibits152: SBM Offshore NV - Segment focus
Exhibits153: Shell plc - Overview
Exhibits154: Shell plc - Business segments
Exhibits155: Shell plc - Key offerings
Exhibits156: Shell plc - Segment focus
Exhibits157: TechnipFMC plc - Overview
Exhibits158: TechnipFMC plc - Business segments
Exhibits159: TechnipFMC plc - Key news
Exhibits160: TechnipFMC plc - Key offerings
Exhibits161: TechnipFMC plc - Segment focus
Exhibits162: TotalEnergies SE - Overview
Exhibits163: TotalEnergies SE - Business segments
Exhibits164: TotalEnergies SE - Key news
Exhibits165: TotalEnergies SE - Key offerings
Exhibits166: TotalEnergies SE - Segment focus
Exhibits167: Woodside Energy Group Ltd. - Overview
Exhibits168: Woodside Energy Group Ltd. - Key offerings
Exhibits169: Yinson Holdings Berhad - Overview
Exhibits170: Yinson Holdings Berhad - Business segments
Exhibits171: Yinson Holdings Berhad - Key offerings
Exhibits172: Yinson Holdings Berhad - Segment focus
Exhibits173: Inclusions checklist
Exhibits174: Exclusions checklist
Exhibits175: Currency conversion rates for US$
Exhibits176: Research methodology
Exhibits177: Validation techniques employed for market sizing
Exhibits178: Information sources
Exhibits179: List of abbreviations