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PUBLISHER: KBV Research | PRODUCT CODE: 1635259
PUBLISHER: KBV Research | PRODUCT CODE: 1635259
LAMEA 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
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The Latin America, Middle East and Africa Floating Production Storage and Offloading (FPSO) Market would witness market growth of 8.9% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $834.6 million by 2031. The Argentina market is registering a CAGR of 9.8% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8% during (2024 - 2031).
FPSOs provide storage for produced oil and gas, allowing the captured resources to be stored on-site before being offloaded to tankers or pipelines. The storage capacity of FPSOs can range from tens of thousands to millions of barrels, depending on the size and design of the vessel. The offloading process is a critical aspect of FPSO operations, as it ensures that oil and gas can be transported to refineries and distribution points.
Some FPSOs are equipped with advanced technologies that support enhanced oil recovery techniques, such as water injection and gas injection, to increase the overall output from a reservoir. These technologies help optimize production from fields that may have been operating for several years.
The oil and gas industry in the Middle East, particularly in the United Arab Emirates (UAE) and Saudi Arabia, plays a significant role in global energy markets. Both countries possess some of the world's largest oil reserves, and their ongoing exploration and production activities are set to drive growth in offshore oil extraction, further boosting the demand for Floating Production Storage and Offloading (FPSO) 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Type
- 1.4.2 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Propulsion
- 1.4.3 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Application
- 1.4.4 LAMEA Floating Production Storage and Offloading (FPSO) Market, by Hull Type
- 1.4.5 LAMEA 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. LAMEA Floating Production Storage and Offloading (FPSO) Market by Type
- 5.1 LAMEA Converted Market by Country
- 5.2 LAMEA New Build Market by Country
Chapter 6. LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 6.1 LAMEA Self-Propelled Market by Country
- 6.2 LAMEA Towed Market by Country
Chapter 7. LAMEA Floating Production Storage and Offloading (FPSO) Market by Application
- 7.1 LAMEA Shallow Water Market by Country
- 7.2 LAMEA Deepwater Market by Country
- 7.3 LAMEA Ultra-Deepwater Market by Country
Chapter 8. LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 8.1 LAMEA Double Hull Market by Country
- 8.2 LAMEA Single Hull Market by Country
Chapter 9. LAMEA Floating Production Storage and Offloading (FPSO) Market by Country
- 9.1 Brazil Floating Production Storage and Offloading (FPSO) Market
- 9.1.1 Brazil Floating Production Storage and Offloading (FPSO) Market by Type
- 9.1.2 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.1.3 Brazil Floating Production Storage and Offloading (FPSO) Market by Application
- 9.1.4 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.2 Argentina Floating Production Storage and Offloading (FPSO) Market
- 9.2.1 Argentina Floating Production Storage and Offloading (FPSO) Market by Type
- 9.2.2 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.2.3 Argentina Floating Production Storage and Offloading (FPSO) Market by Application
- 9.2.4 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.3 UAE Floating Production Storage and Offloading (FPSO) Market
- 9.3.1 UAE Floating Production Storage and Offloading (FPSO) Market by Type
- 9.3.2 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.3.3 UAE Floating Production Storage and Offloading (FPSO) Market by Application
- 9.3.4 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.4 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market
- 9.4.1 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type
- 9.4.2 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.4.3 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application
- 9.4.4 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.5 South Africa Floating Production Storage and Offloading (FPSO) Market
- 9.5.1 South Africa Floating Production Storage and Offloading (FPSO) Market by Type
- 9.5.2 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.5.3 South Africa Floating Production Storage and Offloading (FPSO) Market by Application
- 9.5.4 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.6 Nigeria Floating Production Storage and Offloading (FPSO) Market
- 9.6.1 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type
- 9.6.2 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.6.3 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application
- 9.6.4 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.7 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market
- 9.7.1 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type
- 9.7.2 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.7.3 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application
- 9.7.4 Rest of LAMEA 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 LAMEA Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 4 LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 5 LAMEA Converted Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Converted Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA New Build Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA New Build Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 10 LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 11 LAMEA Self-Propelled Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Self-Propelled Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Towed Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Towed Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 16 LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 17 LAMEA Shallow Water Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Shallow Water Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 20 LAMEA Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 21 LAMEA Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 24 LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 25 LAMEA Double Hull Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Double Hull Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Single Hull Market by Country, 2020 - 2023, USD Million
- TABLE 28 LAMEA Single Hull Market by Country, 2024 - 2031, USD Million
- TABLE 29 LAMEA Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
- TABLE 31 Brazil Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 32 Brazil Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 33 Brazil Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 34 Brazil Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 35 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 36 Brazil Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 37 Brazil Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 38 Brazil Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 39 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 40 Brazil Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 41 Argentina Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 42 Argentina Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 43 Argentina Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 44 Argentina Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 45 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 46 Argentina Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 47 Argentina Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 48 Argentina Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 49 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 50 Argentina Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 51 UAE Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 52 UAE Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 53 UAE Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 54 UAE Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 55 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 56 UAE Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 57 UAE Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 58 UAE Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 59 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 60 UAE Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 61 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 62 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 63 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 64 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 65 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 66 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 67 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 68 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 69 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 70 Saudi Arabia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 71 South Africa Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 72 South Africa Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 73 South Africa Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 74 South Africa Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 75 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 76 South Africa Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 77 South Africa Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 78 South Africa Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 79 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 80 South Africa Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 81 Nigeria Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 82 Nigeria Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 83 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 84 Nigeria Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 85 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 86 Nigeria Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 87 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 88 Nigeria Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 89 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 90 Nigeria Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 91 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 92 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 93 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 94 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 95 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 96 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 97 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 98 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 99 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 100 Rest of LAMEA Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 101 Key Information - ABB Group
- TABLE 102 Key Information - Exxon Mobil Corporation
- TABLE 103 Key Information - Emerson Electric Co.
- TABLE 104 Key Information - TotalEnergies SE
- TABLE 105 Key Information - Kongsberg Group
- TABLE 106 Key Information - McDermott International, Ltd.
- TABLE 107 Key Information - MODEC, Inc.
- TABLE 108 Key Information - Bluewater Energy Services B.V.
- TABLE 109 Key Information - SBM Offshore N.V.
- TABLE 110 Key Information - Shell plc
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