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PUBLISHER: KBV Research | PRODUCT CODE: 1635317
PUBLISHER: KBV Research | PRODUCT CODE: 1635317
Asia Pacific 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 Asia Pacific Floating Production Storage and Offloading (FPSO) Market would witness market growth of 7.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $2,884 million by 2031. Japan market is showcasing a CAGR of 6.6% during (2024 - 2031). Additionally, The India market would register a CAGR of 8.1% 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.
Moreover, 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.
Rising energy demand in India and the establishment of China's deep-ocean drilling vessel, the Meng Xiang, are poised to significantly impact the floating production storage and offloading (FPSO) market. In 2021, India's crude oil demand increased by 5%, reaching 4.7 million barrels per day (b/d) as its economy returned to pre-pandemic activity levels. India's energy needs are expected to grow as one of the largest energy consumers and the second-most populous country.
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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
Asia Pacific 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, by Type
- 1.4.2 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, by Propulsion
- 1.4.3 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, by Application
- 1.4.4 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, by Hull Type
- 1.4.5 Asia Pacific 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. Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type
- 5.1 Asia Pacific Converted Market by Country
- 5.2 Asia Pacific New Build Market by Country
Chapter 6. Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 6.1 Asia Pacific Self-Propelled Market by Country
- 6.2 Asia Pacific Towed Market by Country
Chapter 7. Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application
- 7.1 Asia Pacific Shallow Water Market by Country
- 7.2 Asia Pacific Deepwater Market by Country
- 7.3 Asia Pacific Ultra-Deepwater Market by Country
Chapter 8. Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 8.1 Asia Pacific Double Hull Market by Country
- 8.2 Asia Pacific Single Hull Market by Country
Chapter 9. Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Country
- 9.1 China Floating Production Storage and Offloading (FPSO) Market
- 9.1.1 China Floating Production Storage and Offloading (FPSO) Market by Type
- 9.1.2 China Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.1.3 China Floating Production Storage and Offloading (FPSO) Market by Application
- 9.1.4 China Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.2 Japan Floating Production Storage and Offloading (FPSO) Market
- 9.2.1 Japan Floating Production Storage and Offloading (FPSO) Market by Type
- 9.2.2 Japan Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.2.3 Japan Floating Production Storage and Offloading (FPSO) Market by Application
- 9.2.4 Japan Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.3 India Floating Production Storage and Offloading (FPSO) Market
- 9.3.1 India Floating Production Storage and Offloading (FPSO) Market by Type
- 9.3.2 India Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.3.3 India Floating Production Storage and Offloading (FPSO) Market by Application
- 9.3.4 India Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.4 South Korea Floating Production Storage and Offloading (FPSO) Market
- 9.4.1 South Korea Floating Production Storage and Offloading (FPSO) Market by Type
- 9.4.2 South Korea Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.4.3 South Korea Floating Production Storage and Offloading (FPSO) Market by Application
- 9.4.4 South Korea Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.5 Australia Floating Production Storage and Offloading (FPSO) Market
- 9.5.1 Australia Floating Production Storage and Offloading (FPSO) Market by Type
- 9.5.2 Australia Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.5.3 Australia Floating Production Storage and Offloading (FPSO) Market by Application
- 9.5.4 Australia Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.6 Malaysia Floating Production Storage and Offloading (FPSO) Market
- 9.6.1 Malaysia Floating Production Storage and Offloading (FPSO) Market by Type
- 9.6.2 Malaysia Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.6.3 Malaysia Floating Production Storage and Offloading (FPSO) Market by Application
- 9.6.4 Malaysia Floating Production Storage and Offloading (FPSO) Market by Hull Type
- 9.7 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market
- 9.7.1 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type
- 9.7.2 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion
- 9.7.3 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application
- 9.7.4 Rest of Asia Pacific 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 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific Converted Market by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific Converted Market by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific New Build Market by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific New Build Market by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific Self-Propelled Market by Country, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific Self-Propelled Market by Country, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Towed Market by Country, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Towed Market by Country, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 17 Asia Pacific Shallow Water Market by Country, 2020 - 2023, USD Million
- TABLE 18 Asia Pacific Shallow Water Market by Country, 2024 - 2031, USD Million
- TABLE 19 Asia Pacific Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 20 Asia Pacific Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 21 Asia Pacific Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
- TABLE 22 Asia Pacific Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
- TABLE 23 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 24 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 25 Asia Pacific Double Hull Market by Country, 2020 - 2023, USD Million
- TABLE 26 Asia Pacific Double Hull Market by Country, 2024 - 2031, USD Million
- TABLE 27 Asia Pacific Single Hull Market by Country, 2020 - 2023, USD Million
- TABLE 28 Asia Pacific Single Hull Market by Country, 2024 - 2031, USD Million
- TABLE 29 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
- TABLE 30 Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
- TABLE 31 China Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 32 China Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 33 China Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 34 China Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 35 China Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 36 China Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 37 China Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 38 China Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 39 China Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 40 China Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 41 Japan Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 42 Japan Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 43 Japan Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 44 Japan Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 45 Japan Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 46 Japan Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 47 Japan Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 48 Japan Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 49 Japan Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 50 Japan Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 51 India Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 52 India Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 53 India Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 54 India Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 55 India Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 56 India Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 57 India Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 58 India Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 59 India Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 60 India Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 61 South Korea Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 62 South Korea Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 63 South Korea Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 64 South Korea Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 65 South Korea Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 66 South Korea Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 67 South Korea Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 68 South Korea Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 69 South Korea Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 70 South Korea Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 71 Australia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 72 Australia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 73 Australia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 74 Australia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 75 Australia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 76 Australia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 77 Australia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 78 Australia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 79 Australia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 80 Australia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 81 Malaysia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 82 Malaysia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 83 Malaysia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 84 Malaysia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 85 Malaysia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 86 Malaysia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 87 Malaysia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 88 Malaysia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 89 Malaysia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 90 Malaysia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
- TABLE 91 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
- TABLE 92 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
- TABLE 93 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
- TABLE 94 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
- TABLE 95 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
- TABLE 96 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
- TABLE 97 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
- TABLE 98 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
- TABLE 99 Rest of Asia Pacific Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
- TABLE 100 Rest of Asia Pacific 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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