Home Press Releases Floating Production Systems Market Is Expected To Reach USD 38,752.7 Million Globally By 2019
Floating Production Systems Market Is Expected To Reach USD 38,752.7 Million Globally By 2019
Posted on Jul 1, 2014
Transparency Market Research (www.transparencymarketresearch.com) has released a new market report titled “Floating Production Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” The report analyzes and forecasts the floating production systems market in terms of revenue. According to the report, the floating production systems market was valued at USD 12,616.0 million in 2012 and is expected to reach USD 38,752.7 million by 2019, expanding at a CAGR of 17.2% between 2013 and 2019.
Product type segment analyzed in the study include floating production storage and offloading (FPSO), floating storage and offloading (FSO), Tension Leg platform (TLP) and Single Point Anchoring Reservoir (SPAR). In terms of revenue, FPSO was the highest in product segment, accounting for around 63.8% of the total market share in 2012. Companies such as Royal Dutch Shell Plc, Petrobras and ENI are using FPSO to extract crude oil from offshore fields. FSO accounted for a moderate share of the total FPS market, followed by other equipments such as TLP and SPAR.
RoW dominated the global market for floating production systems in 2012. The region constituted the highest percentage of the global FPS market in terms of revenue. RoW is the leading market in terms of demand for FPS as compared to other regions such as Asia Pacific and North America. This is mainly ascribed due to high demand from South American and African countries such as Brazil and South Africa. RoW is anticipated to exhibit the highest growth rate during the forecast period, led by developing economies such as Brazil and South Africa. North America and Asia Pacific accounted for substantial shares of the total FPS market in 2012. The global floating production systems market has witnessed significant growth over the last few years.
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.
Browse the full Floating Production System Market report at http://www.transparencymarketresearch.com/floating-production-system-market.html
Floating Production Systems Market: Product Type Analysis
Floating Production Systems Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Ms. Sheela AK
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Share This Article!
- Biochar Market (By Application Segment - Gardening, Agriculture (Large Farms), and Household) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
- Biochar is a solid material that is obtained from the carbonization of biomass. It is added to soil to enhance soil quality and reduce emissions through carbon sequestration. The use of biochar for carbon sequestration is believed to offset carbon emissions from natural and industrial processes. Biochar also improves water quality by retaining the agrochemicals and soil nutrients that could have mixed with water and caused water pollution. In addition to...
- Drill Pipe Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020Drill pipe is a hollow, thick walled pipe used for carrying out horizontal drilling to facilitate the drilling process on a wellbore. A single length drill pipe comprises a hollow tube typically long in height with considerable wall thickness and a tool joint connection at both ends. Since drill pipe is subjected to torsional stresses and fatigue at the time of drilling operations it is seamless in nature and is...
- LNG Compressor Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020The growing demand of LNG in the global energy portfolio has led to the development of many essential types of equipment in the LNG value chain. The market for natural gas is slowly expanding and the LNG trade is anticipated to grow at a rapid rate owing to increased natural gas production. LNG compressors are vital equipments used in the LNG liquefaction process. These systems are installed before refrigeration...