Portland, OR -- (SBWIRE) -- 07/31/2017 -- Global FPSO Market is expected to grow at a CAGR of 15.6% from 2017 to 2025. Floating Production, Storage, and Offloading (FPSO), as the name suggests, is a vessel used for production, storage, and offloading of oil & gas. FPSO systems nearly account one-third of all the floating systems used globally. An FPSO system reduces the requirement of pipelines for transporting oil to the mainland. In deepwater and ultra-deepwater locations, it reduces the transportation cost as pipelines required for transporting oil & gas from deep water are rather expensive. FPSO systems are more efficient than other fixed production systems due their capability of withstanding the harsh environmental conditions.

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Based on the type, the global FPSO market is divided into newly built, converted, and deployed FPSO systems. On the basis of water depth, the market segmentation includes shallow water, deepwater, and ultra-deepwater. Based on application, it is categorized into fuel gas treatment, crude oil separation, nitrogen generation, chemical injection, and seawater injection. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions.

Market Dynamics:

Drivers:

Problems associated with installing fixed production and processing facilities is fueling the demand for FPSO.

Increase in offshore exploration and oil production activities is also expected to drive the global FPSO market.

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Restraints:

High cost of building and further testing and deployment of newly built FPSO units may lower the demand for FPSO.

The falling oil prices are responsible for weakening the demand for FPSOs since 2014.

Market Players:

The top players in the global FPSO market include Samsung Heavy Industries Ltd., COSCO Shipyard Group Co. Ltd., TOTAL S.A., PetroleoBrasileiro S.A., Sembcorp Marine Limited SGX, SBM Offshore N.V., MODEC, Inc., Keppel Offshore & Marine Ltd., Aker Solutions ASA, and Hyundai Heavy Industries Co. Ltd.

MARKET LANDSCAPE

By Type
Newly Built
Converted
Redeployed

By Water Depth
Shallow Water
Deepwater
Ultra-deepwater

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By Application
Fuel Gas Treatment
Crude Oil Separation
Nitrogen Generation
Chemical Injection
Seawater Injection

Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
4. Market by Type
4.1. Newly Built
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Converted