Global Floating Production System (FPS) Markets, 2014-2018 & 2019-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Global Floating Production System (FPS) Market - Analysis By Platform Type (Tension Leg, Semi-Submersible, SPAR, FPSO, Drill Ships, Others), Application (Shallow Water, Deep Water, Ultra-Deep Water), By Region, By Country (2019 Edition): Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Global Floating Production System Market was valued at USD 13.7 Billion in the year 2018

Key factors for high demand of Floating Production System includes increase in deep water drilling activities and rising number of offshore projects along with growing economy of under-developed nations as well as rise in demand of global energy, product performance and durability.

Floating Production System is playing a significant role as after several years of cutbacks, oil companies are poised to develop new offshore fields. According to recent research study, spending on offshore oilfield services will rise by 6% in 2019. Also, most of the oil and gas demand comes from transportation sector where oil continues to face the weakest competition from alternative fuels. Increased digitalization, standardization and use of remote or autonomous operations will continue to bring cost savings to the industry.

Global Floating Production System market has gained importance as increasing consumption requirement influences the expansion in the oil and gas reserves ultimately affecting floating production system market. These markets are influenced by many factors including fluctuating crude oil and natural gas prices, changing consumer preferences and the overall strength of the economy.

Scope of the Report

Global Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
  • Analysis by Application - Shallow water, Deep water, Ultra-deep water
  • Competitive Landscape - Market Share, Benchmarking

Regional Market - Americas, Europe, Asia Pacific, Middle East & Africa (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
  • Analysis by Application - Shallow water, Deep water, Ultra-deep water
  • Prominent Companies

Country Analysis - Floating Production Market - United States, Canada, Mexico, Brazil, United Kingdom, Norway, China, India, Saudi Arabia, Iran (Actual Period: 2014-2018, Forecast Period: 2019-2024)

  • Analysis by Platform Type - Tension Leg Platform, Semi-submersible Platform, SPAR, Floating Production Storage and Offloading (FPSO), Drill Ships, Others
  • Analysis by Application - Shallow water, Deep water, Ultra-deep water
  • Prominent Companies

Market Dynamics

Global Floating Production System Market Drivers

  • Rising demand for oil and gas
  • Increase in Offshore Projects
  • Economic growth of underdeveloped nations
  • Emerging technological advances

Global Floating Production System Market Restraints

  • Fluctuating Crude oil and Natural Gas Prices
  • Environmental pollution and safety concern

Global Floating Production System Market Trends

  • 4D Seismic Technology
  • Blockchain Technology

Global Floating Production System: Competitive Landscape

Companies Mentioned

  • Malaysia Marine & Heavy Engineering
  • Bumi Armada Berhad
  • Keppel Offshore & Marine
  • Daewoo Shipbuilding & Marine Engineering Co. Ltd.
  • TechnipFMC
  • SBM Offshore
  • WorleyParsons
  • Aker Solutions
  • Teekay Offshore Partners L.P.
  • Samsung Heavy Industries Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/rul2n3

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900