Global Floating Production Storage and Offloading (FPSO) Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
Latin America is the largest Floating Production Storage and Offloading (FPSO) market with about 50% market share.
The key players are Dalian Shipbuilding Industry Co., Ltd, China Ocean Shipping (Group) Company, CIMC Raffles, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., Keppel Corporation Limited, Hyundai Heavy Industries, Sembcorp Marine, China State Shipbuilding Corporation, China Merchants Industry Holdings etc. Top 3 companies occupied about 50% market share.

Market Analysis and Insights: Global Floating Production Storage and Offloading (FPSO) Market
In 2020, the global Floating Production Storage and Offloading (FPSO) market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% between 2021 and 2027
Global Floating Production Storage and Offloading (FPSO) Scope and Market Size
The global Floating Production Storage and Offloading (FPSO) market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Floating Production Storage and Offloading (FPSO) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning (DP)

Segment by Application
Shallow Water
Deep Water
Ultra-deep Water

By Company
Dalian Shipbuilding Industry Co., Ltd
China Ocean Shipping (Group) Company
CIMC Raffles
Samsung Heavy Industries
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Keppel Corporation Limited
Hyundai Heavy Industries
Sembcorp Marine
China State Shipbuilding Corporation
China Merchants Industry Holdings

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE