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PUBLISHER: KBV Research | PRODUCT CODE: 1635289
PUBLISHER: KBV Research | PRODUCT CODE: 1635289
Europe 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 Europe Floating Production Storage and Offloading (FPSO) Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $2,405 million by 2031. The UK market is experiencing a CAGR of 5.4% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 7.2% during (2024 - 2031).
These vessels have production facilities that allow them to extract crude oil, natural gas, and other petroleum products directly from the seabed. Their ability to operate in harsh offshore environments makes them suitable for exploring resources that would otherwise be inaccessible.
Moreover, the FPSO's processing facilities allow for separating oil, gas, water, and other components from the extracted raw materials. These facilities have sophisticated equipment that treats the production fluids before they are sent to storage tanks. Some FPSOs can perform light refining processes, enabling crude oil processing and the separation of gas for transport.
The rising natural gas storage levels suggest a more stable and secure natural gas supply in Europe. However, this also reflects a growing reliance on domestic production and imports to meet demand. As Europe seeks to enhance its energy security, there is a growing push to explore and produce natural gas from offshore fields, especially those in deep waters. FPSOs are particularly suited for such fields, and their demand will increase as offshore production ramps up to meet both storage needs and long-term energy goals.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Europe 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Floating Production Storage and Offloading (FPSO) Market, by Type
- 1.4.2 Europe Floating Production Storage and Offloading (FPSO) Market, by Propulsion
- 1.4.3 Europe Floating Production Storage and Offloading (FPSO) Market, by Application
- 1.4.4 Europe Floating Production Storage and Offloading (FPSO) Market, by Hull Type
- 1.4.5 Europe 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. Europe Floating Production Storage and Offloading (FPSO) Market by Type
- 5.1 Europe Converted Market by Country
- 5.2 Europe New Build Market by Country
Chapter 6. Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 6.1 Europe Self-Propelled Market by Country
- 6.2 Europe Towed Market by Country
Chapter 7. Europe Floating Production Storage and Offloading (FPSO) Market by Application
- 7.1 Europe Shallow Water Market by Country
- 7.2 Europe Deepwater Market by Country
- 7.3 Europe Ultra-Deepwater Market by Country
Chapter 8. Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 8.1 Europe Double Hull Market by Country
- 8.2 Europe Single Hull Market by Country
Chapter 9. Europe Floating Production Storage and Offloading (FPSO) Market by Country
- 9.1 Germany Floating Production Storage and Offloading (FPSO) Market
- 9.1.1 Germany Floating Production Storage and Offloading (FPSO) Market by Type
- 9.1.2 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.1.3 Germany Floating Production Storage and Offloading (FPSO) Market by Application
- 9.1.4 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.2 UK Floating Production Storage and Offloading (FPSO) Market
- 9.2.1 UK Floating Production Storage and Offloading (FPSO) Market by Type
- 9.2.2 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.2.3 UK Floating Production Storage and Offloading (FPSO) Market by Application
- 9.2.4 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.3 France Floating Production Storage and Offloading (FPSO) Market
- 9.3.1 France Floating Production Storage and Offloading (FPSO) Market by Type
- 9.3.2 France Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.3.3 France Floating Production Storage and Offloading (FPSO) Market by Application
- 9.3.4 France Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.4 Russia Floating Production Storage and Offloading (FPSO) Market
- 9.4.1 Russia Floating Production Storage and Offloading (FPSO) Market by Type
- 9.4.2 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.4.3 Russia Floating Production Storage and Offloading (FPSO) Market by Application
- 9.4.4 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.5 Spain Floating Production Storage and Offloading (FPSO) Market
- 9.5.1 Spain Floating Production Storage and Offloading (FPSO) Market by Type
- 9.5.2 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.5.3 Spain Floating Production Storage and Offloading (FPSO) Market by Application
- 9.5.4 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.6 Italy Floating Production Storage and Offloading (FPSO) Market
- 9.6.1 Italy Floating Production Storage and Offloading (FPSO) Market by Type
- 9.6.2 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.6.3 Italy Floating Production Storage and Offloading (FPSO) Market by Application
- 9.6.4 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.7 Rest of Europe Floating Production Storage and Offloading (FPSO) Market
- 9.7.1 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type
- 9.7.2 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.7.3 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application
- 9.7.4 Rest of Europe 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 Europe Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 2 Europe Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 3 Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 4 Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 5 Europe Converted Market by Country, 2020 - 2023, USD Million
- TABLE 6 Europe Converted Market by Country, 2024 - 2031, USD Million
- TABLE 7 Europe New Build Market by Country, 2020 - 2023, USD Million
- TABLE 8 Europe New Build Market by Country, 2024 - 2031, USD Million
- TABLE 9 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 10 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 11 Europe Self-Propelled Market by Country, 2020 - 2023, USD Million
- TABLE 12 Europe Self-Propelled Market by Country, 2024 - 2031, USD Million
- TABLE 13 Europe Towed Market by Country, 2020 - 2023, USD Million
- TABLE 14 Europe Towed Market by Country, 2024 - 2031, USD Million
- TABLE 15 Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 16 Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 17 Europe Shallow Water Market by Country, 2020 - 2023, USD Million
- TABLE 18 Europe Shallow Water Market by Country, 2024 - 2031, USD Million
- TABLE 19 Europe Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 20 Europe Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 21 Europe Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 22 Europe Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 23 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 24 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 25 Europe Double Hull Market by Country, 2020 - 2023, USD Million
- TABLE 26 Europe Double Hull Market by Country, 2024 - 2031, USD Million
- TABLE 27 Europe Single Hull Market by Country, 2020 - 2023, USD Million
- TABLE 28 Europe Single Hull Market by Country, 2024 - 2031, USD Million
- TABLE 29 Europe Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
- TABLE 30 Europe Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
- TABLE 31 Germany Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 32 Germany Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 33 Germany Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 34 Germany Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 35 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 36 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 37 Germany Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 38 Germany Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 39 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 40 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 41 UK Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 42 UK Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 43 UK Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 44 UK Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 45 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 46 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 47 UK Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 48 UK Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 49 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 50 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 51 France Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 52 France Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 53 France Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 54 France Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 55 France Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 56 France Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 57 France Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 58 France Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 59 France Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 60 France Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 61 Russia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 62 Russia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 63 Russia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 64 Russia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 65 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 66 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 67 Russia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 68 Russia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 69 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 70 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 71 Spain Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 72 Spain Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 73 Spain Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 74 Spain Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 75 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 76 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 77 Spain Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 78 Spain Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 79 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 80 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 81 Italy Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 82 Italy Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 83 Italy Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 84 Italy Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 85 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 86 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 87 Italy Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 88 Italy Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 89 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 90 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 91 Rest of Europe Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 92 Rest of Europe Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 93 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 94 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 95 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 96 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 97 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 98 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 99 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 100 Rest of Europe 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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