Need help finding what you are looking for?
Contact Us
PUBLISHER: KBV Research | PRODUCT CODE: 1635231
PUBLISHER: KBV Research | PRODUCT CODE: 1635231
North America Floating Production Storage and Offloading (FPSO) Market Size, Share & Trends Analysis Report By Type (Converted and New Build), By Propulsion, By Application, By Hull Type, By Country and Growth Forecast, 2024 - 2031
PUBLISHED:
PAGES: 111 Pages
DELIVERY TIME: 1-2 business days
SELECT AN OPTION
The North America Floating Production Storage and Offloading (FPSO) Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Floating Production Storage and Offloading (FPSO) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,266.5 million by 2031. The Canada market is experiencing a CAGR of 8.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2024 - 2031).
The floating production storage and offloading (FPSO) market represents a key component of the offshore oil and gas industry. FPSOs are specialized ships designed to extract, process, store, and offload oil and gas from offshore fields. These vessels are critical to operations in deepwater and ultra-deepwater fields where installing traditional fixed platforms is impractical. FPSOs are highly versatile, offering a flexible solution to exploration and production (E&P) activities, particularly in remote locations.
Additionally, FPSOs are primarily used to extract, process, and store oil and gas. Their applications span the entire production lifecycle, from early exploration to full-scale production. In addition, FPSOs are essential for offshore oil and gas extraction, especially in deepwater or ultra-deepwater fields.
As production levels rise, more offshore projects will require advanced infrastructure like FPSOs to handle the challenges of deepwater drilling and remote operations. FPSOs offer a flexible and efficient solution for production and storage in offshore fields that are often too far from land for traditional platforms. The increasing production in the Gulf of Mexico means that oil companies will continue to rely on FPSOs for enhanced oil recovery and for maintaining production in mature or challenging offshore fields. This growing reliance will fuel the demand for new FPSOs and upgrades to existing units.
Based on Type, the market is segmented into Converted and New Build. Based on Propulsion, the market is segmented into Self-Propelled and Towed. Based on Application, the market is segmented into Shallow Water, Deepwater, and Ultra-Deepwater. Based on Hull Type, the market is segmented into Double Hull and Single Hull. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ABB Group
- Exxon Mobil Corporation
- Emerson Electric Co.
- TotalEnergies SE
- Kongsberg Group
- McDermott International, Ltd.
- MODEC, Inc.
- Bluewater Energy Services B.V.
- SBM Offshore N.V.
- Shell plc
North America Floating Production Storage and Offloading (FPSO) Market Report Segmentation
By Type
- Converted
- New Build
By Propulsion
- Self-Propelled
- Towed
By Application
- Shallow Water
- Deepwater
- Ultra-Deepwater
By Hull Type
- Double Hull
- Single Hull
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Floating Production Storage and Offloading (FPSO) Market, by Type
- 1.4.2 North America Floating Production Storage and Offloading (FPSO) Market, by Propulsion
- 1.4.3 North America Floating Production Storage and Offloading (FPSO) Market, by Application
- 1.4.4 North America Floating Production Storage and Offloading (FPSO) Market, by Hull Type
- 1.4.5 North America Floating Production Storage and Offloading (FPSO) Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. North America Floating Production Storage and Offloading (FPSO) Market by Type
- 5.1 North America Converted Market by Region
- 5.2 North America New Build Market by Region
Chapter 6. North America Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 6.1 North America Self-Propelled Market by Country
- 6.2 North America Towed Market by Country
Chapter 7. North America Floating Production Storage and Offloading (FPSO) Market by Application
- 7.1 North America Shallow Water Market by Country
- 7.2 North America Deepwater Market by Country
- 7.3 North America Ultra-Deepwater Market by Country
Chapter 8. North America Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 8.1 North America Double Hull Market by Country
- 8.2 North America Single Hull Market by Country
Chapter 9. North America Floating Production Storage and Offloading (FPSO) Market by Country
- 9.1 US Floating Production Storage and Offloading (FPSO) Market
- 9.1.1 US Floating Production Storage and Offloading (FPSO) Market by Type
- 9.1.2 US Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.1.3 US Floating Production Storage and Offloading (FPSO) Market by Application
- 9.1.4 US Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.2 Canada Floating Production Storage and Offloading (FPSO) Market
- 9.2.1 Canada Floating Production Storage and Offloading (FPSO) Market by Type
- 9.2.2 Canada Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.2.3 Canada Floating Production Storage and Offloading (FPSO) Market by Application
- 9.2.4 Canada Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.3 Mexico Floating Production Storage and Offloading (FPSO) Market
- 9.3.1 Mexico Floating Production Storage and Offloading (FPSO) Market by Type
- 9.3.2 Mexico Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.3.3 Mexico Floating Production Storage and Offloading (FPSO) Market by Application
- 9.3.4 Mexico Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.4 Rest of North America Floating Production Storage and Offloading (FPSO) Market
- 9.4.1 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Type
- 9.4.2 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.4.3 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Application
- 9.4.4 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Hull Type
Chapter 10. Company Profiles
- 10.1 ABB Group
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 SWOT Analysis
- 10.2 Exxon Mobil Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
- 10.3 Emerson Electric Co.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 SWOT Analysis
- 10.4 TotalEnergies SE
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 SWOT Analysis
- 10.5 Kongsberg Group
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 SWOT Analysis
- 10.6 McDermott International, Ltd.
- 10.6.1 Company Overview
- 10.7 MODEC, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.8 Bluewater Energy Services B.V.
- 10.8.1 Company Overview
- 10.9 SBM Offshore N.V.
- 10.9.1 Company Overview
- 10.10. Shell plc
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 2 North America Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 3 North America Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 4 North America Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 5 North America Converted Market by Region, 2020 - 2023, USD Million
- TABLE 6 North America Converted Market by Region, 2024 - 2031, USD Million
- TABLE 7 North America New Build Market by Region, 2020 - 2023, USD Million
- TABLE 8 North America New Build Market by Region, 2024 - 2031, USD Million
- TABLE 9 North America Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 10 North America Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 11 North America Self-Propelled Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Self-Propelled Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Towed Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Towed Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 16 North America Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 17 North America Shallow Water Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Shallow Water Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 24 North America Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 25 North America Double Hull Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Double Hull Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Single Hull Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Single Hull Market by Country, 2024 - 2031, USD Million
- TABLE 29 North America Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
- TABLE 31 US Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 32 US Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 33 US Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 34 US Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 35 US Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 36 US Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 37 US Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 38 US Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 39 US Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 40 US Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 41 Canada Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 42 Canada Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 43 Canada Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 44 Canada Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 45 Canada Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 46 Canada Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 47 Canada Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 48 Canada Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 49 Canada Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 50 Canada Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 51 Mexico Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 52 Mexico Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 53 Mexico Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 54 Mexico Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 55 Mexico Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 56 Mexico Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 57 Mexico Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 58 Mexico Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 59 Mexico Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 60 Mexico Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 61 Rest of North America Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 62 Rest of North America Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 63 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 64 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 65 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 66 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 67 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 68 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 69 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 70 Rest of North America Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 71 Key Information - ABB Group
- TABLE 72 Key Information - Exxon Mobil Corporation
- TABLE 73 Key Information - Emerson Electric Co.
- TABLE 74 Key Information - TotalEnergies SE
- TABLE 75 Key Information - Kongsberg Group
- TABLE 76 Key Information - McDermott International, Ltd.
- TABLE 77 Key Information - MODEC, Inc.
- TABLE 78 Key Information - Bluewater Energy Services B.V.
- TABLE 79 Key Information - SBM Offshore N.V.
- TABLE 80 Key Information - Shell plc
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.