Market Research Reports

Floating Production Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

63pages
Published Date: 2014-07-01
 

Description


The Floating Production Systems market report by Transparency Market Research provides an in-depth analysis of the global Floating Production Systems market. The report segments the market on the basis of product type and regions, and also provides forecasts and estimates for each product. The report analyzes demand and supply characteristics of the market by providing a detailed forecast and analysis of revenue for the period from 2013 to 2019.

Floating Production Systems market primarily comprises four types of products: FPSO, TLP, SPAR and FSO. FPSO is anticipated to be one of the most dominant sectors in terms of high demand for FPS equipments. Various companies are using FPSO to carry out offshore drilling activities across the globe to extract crude oil. It is the preferred choice for offshore drilling sector as multiple tasks can be performed by it while floating in the sea. Many countries such as Thailand, Vietnam, Malaysia and Australia are procuring FPS equipments from service providing companies for carrying out offshore drilling activities. FPSO and FSO eliminate the need of pipeline infrastructure to transport crude oil produced from well head to refinery location, thereby reducing huge operational costs. Thus, FPSO remains a dominant crude oil production equipment owing to the multiple tasks it can perform while floating in the sea and it reduces the cost of operations. TLP and SPAR type’s platforms are also used where huge vibration persists due to high waves. Vibration causes hindrances in carrying out drilling operations and thus acts a barrier in drilling processes. Such type of vibrations are eliminated by the application of drilling equipments such as SPAR and TLP. Once installed these types of equipments can work efficiently and effectively for a long time without getting disturbed by vibration of the sea’s. RoW countries such as Africa and Brazil are using floating production equipments in large amount owing to the large number of offshore drilling activities. It is forecasted that more than 80 offshore drilling projects will be carried out in the near future in Brazil and Western Africa. European region is also projected to rise as a large number of upcoming offshore drilling projects are there in the U.K. Majority of the Europe’s oil reserves are located in the offshore regions of Norway such as the North Sea, the Barents Sea and the Norwegian Sea. North America and Asia Pacific region are also expected to show a remarkable growth in the near future owing to growing population and rapid industrialization especially in developing economies such as India and China. Companies such as Royal Dutch Shell Plc and ConocoPhillips are procuring floating production equipments from service provider companies to drill various offshore fields.

North America, Europe, Asia Pacific and Rest of the World (RoW) are the major geographical areas covered in the report. Each geographical region has been segmented further on the basis of Product type. Revenue forecasts and estimates for each product segment have been provided for the period from 2013 to 2019. 

The report also provides thorough analysis and revenue of companies such as Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel Offshore & Marine Ltd, Malaysia Marine and Heavy Engineering Berhad, Mitsubishi Heavy Industries Ltd, Samsung Heavy Industries Co. Ltd, SBM Offshore N.V., Teekay Corporation, Technip S.A. and Worley Parsons Limited. These companies are likely to dominate the floating production systems market. The report provides a detailed analysis of various factors influencing floating production systems industry with the help of Porter’s five forces analysis. The analysis also helps understand the degree of competition prevalent in the market. The report also analyzes the value chain and various drivers and restraints of the floating production systems market. 

Floating Production Systems Market: End-user Analysis
  • FPSO
  • TLP
  • SPAR
  • FSO
Floating Production Systems Market: Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Table of Contents


Chapter 1 Preface 
1.1 Report Description 
1.2 Research Scope 
1.3 Market Segmentation 
1.4 Research Methodology 

Chapter 2 Executive Summary 

Chapter 3 Floating Production System Market – Industry Analysis 
3.1 Introduction 
3.2 Market Drivers 
      3.2.1 Deepwater discoveries in Asia Pacific and RoW regions 
      3.2.2 Increasing drilling activities in the Subsea sector 
3.3 Market Restraints 
      3.3.1 Production and cost related problems 
3.4 Market opportunities 
      3.4.1 Untapped crude oil and natural gas reserves in offshore regions 
3.5 Value chain analysis 
3.6 Porter’s Five Forces Analysis 
      3.6.1 Bargaining power of suppliers 
      3.6.2 Bargaining power of buyers 
      3.6.3 Threat from substitutes 
      3.6.4 Threat of new entrants 
      3.6.5 Degree of competition 
3.7 Market Attractive Analysis 

Chapter 4 FPS Market – Product Segment Analysis 
4.1 FPS Market: Product Segment Overview 
4.2 FPSO 
      4.2.1 Global FPSO market revenue, 2012 – 2019, (USD Million) 
4.3 TLP 
      4.3.1 Global TLP market revenue, 2012 – 2019, (USD Million) 
4.4 FSO 
      4.4.1 Global FSO market revenue, 2012 – 2019, (USD Million) 
4.5 SPAR 
      4.5.1 Global SPAR market revenue, 2012 – 2019, (USD Million) 

Chapter 5 FPS Market: Regional Analysis 
5.1 Global FPS market: Regional analysis 
      5.1.1 Global FPS market revenue share, by geography, 2012 and 2019 
5.2 North America 
      5.2.1 North America FPS market estimates and forecast, 2012 – 2019 (USD Million) 
      5.2.2 North America FPS market, by product type, 2012 – 2019 (USD Million) 
5.3 Europe 
      5.3.1 Europe FPS market estimates and forecast, 2012 – 2019 (USD Million) 
      5.3.2 Europe FPS market, by product type, 2012 – 2019 (USD Million) 
5.4 Asia Pacific 
      5.4.1 Asia Pacific FPS market estimates and forecast, 2012 – 2019 (USD Million) 
      5.4.2 Asia Pacific FPS market, by product type, 2012 – 2019 (USD Million) 
5.5 RoW (Rest of the World) 
      5.5.1 RoW FPS market estimates and forecast, 2012 – 2019 (USD Million) 
      5.5.2 RoW FPS market, by product type, 2012 – 2019 (USD Million) 

Chapter 6 Company Profiles 
6.1 Bumi Armada Berhad 
      6.1.1 Company Overview 
      6.1.2 Financial Overview 
      6.1.3 Business Strategy 
      6.1.4 SWOT Analysis 
      6.1.5 Recent Developments 
6.2 Hyundai Heavy Industries Co. Ltd 
      6.2.1 Company Overview 
      6.2.2 Financial Overview 
      6.2.3 Business Strategy 
      6.2.4 SWOT Analysis 
      6.2.5 Recent Developments 
6.3 Keppel Offshore and Marine Ltd 
      6.3.1 Company Overview 
      6.3.2 Financial Overview 
      6.3.3 Business Strategy 
      6.3.4 SWOT Analysis 
      6.3.5 Recent Developments 
6.4 Malaysia Marine and Heavy Engineering Holdings Berhad 
      6.4.1 Company Overview 
      6.4.2 Financial Overview 
      6.4.3 Business Strategy 
      6.4.4 SWOT Analysis 
      6.4.5 Recent Developments 
6.5 Mitsubishi Heavy Industries Ltd 
      6.5.1 Company Overview 
      6.5.2 Financial Overview 
      6.5.3 Business Strategy 
      6.5.4 SWOT Analysis 
      6.5.5 Recent Developments 
6.6 Samsung Heavy Industries Co. Ltd 
      6.6.1 Company Overview 
      6.6.2 Financial Overview 
      6.6.3 Business Strategy 
      6.6.4 SWOT Analysis 
      6.6.5 Recent Developments 
6.7 SBM Offshore N.V. 
      6.7.1 Company Overview 
      6.7.2 Financial Overview 
      6.7.3 Business Strategy 
      6.7.4 SWOT Analysis 
      6.7.5 Recent Developments 
6.8 Teekay Corporation 
      6.8.1 Company Overview 
      6.8.2 Financial Overview 
      6.8.3 Business Strategy 
      6.8.4 SWOT Analysis 
      6.8.5 Recent Developments 
6.9 Technip S.A. 
      6.9.1 Company Overview 
      6.9.2 Financial Overview 
      6.9.3 Business Strategy 
      6.9.4 SWOT Analysis 
      6.9.5 Recent Developments 
6.10 Worley Parsons Limited 
      6.10.1 Company Overview 
      6.10.2 Financial Overview 
      6.10.3 Business Strategy 
      6.10.4 SWOT Analysis 
      6.10.5 Recent Developments 

List of Figures

FIG. 1 FPS Market, 2013 – 2019 
FIG. 2 Global FPS Market, 2012 – 2019 (USD Million) 
FIG. 3 Deepwater discoveries in Asia Pacific and RoW Region 
FIG. 4 Increasing drilling activities in the Subsea sector 
FIG. 5 Value chain analysis of floating production system 
FIG. 6 Porter’s Five Forces Analysis 
FIG. 7 FPS market attractiveness, by product type, 2012 
FIG. 9 Global FPSO market revenue, 2012 – 2019, (USD Million) 
FIG. 10 Global TLP market revenue, 2012 – 2019, (USD Million) 
FIG. 11 Global FSO market revenue, 2012 – 2019, (USD Million) 
FIG. 12 Global SPAR market revenue, 2012 – 2019, (USD Million) 
FIG. 13 Global FPS market revenue share, by geography, 2012 and 2019 
FIG. 14 North America FPS market estimates and forecast, 2012 – 2019 (USD Million) 
FIG. 15 Europe FPS market estimates and forecast, 2012 – 2019 (USD Million) 
FIG. 16 Asia Pacific FPS market estimates and forecast, 2012 – 2019 (USD Million) 
FIG. 17 RoW FPS market estimates and forecast, 2012 – 2019 (USD Million) 

List of Tables

TABLE 1 Global FPS Market Snapshot, 2012 & 2019 
TABLE 2 North America FPS market, by product type, 2012 – 2019 (USD Million) 
TABLE 3 Europe FPS market, by product type, 2012 – 2019 (USD Million) 
TABLE 4 Asia Pacific FPS market, by product type, 2012 – 2019 (USD Million) 
TABLE 5 RoW FPS market, by product type, 2012 – 2019 (USD Million) 

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Free Market Analysis


Floating production systems are offshore drilling equipments that are utilized for the extraction of crude oil from offshore fields. Weight and design of the floating production systems depends on the drilling conditions and region where they are used. Floating production systems are of numerous shapes and sizes, ranging from cylindrical shape to that of a ship shape. Normal design of FPS equipment includes a ship shaped vessel, with processing equipments on the vessel’s deck and hydrocarbon storage in the hull of the vessel. Various types of floating production systems are used depending on the requirements and specifications. Highly used FPS is Floating Production Storage and Offloading (FPSO) equipment. FPSOs are preferred mainly in frontier offshore regions as they are easier to install and does not require a pipeline infrastructure or a tanker to transport crude oil from well head to refinery location. They can easily be converted from an oil tanker or can be manufactured from a vessel for a particular type of application. FPSOs can operate from shallow to ultra deep water fields. They can easily work in harsh environments. FPSOs are less in weight and wide deck area of large tanker provides flexibility in process plant layout. Various other types of FPS equipments such as FSO, Spar and Tension leg platform (TLP) are also used to carry out drilling activities in offshore fields.

Floating production system market is directly dependant on number of offshore drilling activities that are carried out in world.

Product type segment in the FPS market comprises FPSO, TLP, SPAR and FSO. FPSO is expected to be the most dominating product in terms of demand for FPS. Various companies such as Royal Dutch Shell Plc, ENI, Petrobras and Premier Oil are using FPSO to extract crude oil from offshore fields. FSO is similar to FPSO except production facility that can be carried out on FPSO. Multiple tasks can be performed using FSOs such as floating, storage and offloading. TLP and SPAR are also used for carrying out drilling activities in the offshore fields.

Rest of the World (RoW) dominated the global FPS market in terms of revenue due to high demand from South American and African countries such as Brazil and South Africa. North America and Asia Pacific regions are also having moderate demand of FPS equipments. European market is expected to increase in terms of high demand of FPS owing to the large number of offshore projects from Norway and the U.K. 

Companies such as Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel Offshore & Marine Ltd, Malaysia Marine and Heavy Engineering Berhad, Mitsubishi Heavy Industries Ltd, Samsung Heavy Industries Co. Ltd, SBM Offshore N.V., Teekay Corporation, Technip S.A. and Worley Parsons Limited are likely to dominate the floating production systems market in the coming future.

floating-production-system-market

 

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