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Pulished Date February, 2020
ID: 9061
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Floating Production System Market Segmented by Platform Type (SPAR, Tension Leg Platform, Semi-submersible Platform, Drill Ships, Floating Production Storage and Offloading (FPSO), and others), by Application (Ultra-Deep water, Deep Water and Shallow Water), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size.(2019 – 2024)

Pulished: February, 2020
ID: 9061
Pages: 175

Recent Developments:

In Nov 2019, Royal Boskalis Westminster N.V. has become successful in acquiring the USD 120 million worth contracts that comprise the colossal marine transports. Continuing the previous year's transport of box-shaped FPSO, Boskalis able to get similar transport from China to Brazil, which will be commenced in 2021 and 2022.

Floating Production System MarketOverview Market Growth and Trends:

Floating Production System Market is expected to reach USD 85.12 billion by 2024, increasing from USD 13.69 billion in 2019. 

Global Floating Production System Market Product Description:

Floating Production System is the common term for all the naval vessels and platforms that are used for exploring oil in seas and oceans. They resemble ships and can be partially submersible in the water. They are highly effective in processing and releasing hydrocarbons without any storage.Globally, the demand for Floating Production Systemis gaining prominence with the increasing offshore deep-water drilling activities and huge investments from the leading market players across the globe.

Global Floating Production System Market Drivers and Restraints of the Floating Production System Market:

Drivers:

  • Increasing number of offshore projects, demand for energy and improving economies of several developing nations.
  • Growing preference for digitization, rise in remote operations, and advances in the manufacture of production systems.
  • Efficient and cost-effective transportation of oil and gas to shuttle tankers and other storage facilities.

Restraints:

  • Volatile prices of the crude oil and natural gas.
  • Lack of skilled resources.
  • Changes in consumer preference and economical changes in global countries.

Global Floating Production System Market Segmentation:

By Platform Type:

Based on the platform type, the Global Floating Production System market is divided intoSPAR, Tension Leg Platform, Semi-submersible Platform, Drill Ships, Floating Production Storage and Offloading (FPSO), and others. Of these, the FPSO segment holds the dominant share in the global market and is expected to maintain its dominion in the coming years.

By Application:

Based on the application, the global industrial 4.0 market is separated as Ultra-Deep water, Deep Water and Shallow Water. Among these, the deep water segment accounted for the largest portion of the worldwide marketplace due to the increasing offshore projects and the need for energy. It is also predicted to expand with the highest CAGR over the foreseen period.

Floating Production System Market Region-wise analysis:

Marked Segmentation Based on the region:

  1. North America
    1. S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa
  6. Middle East
  7. Africa

North America holds the prominent share in the global Floating Production System market due to a large number of oil and gas exploration activities, rising demand for energy, adoption of advanced technologies and the presence of key market players. Nevertheless, the Asia Pacific region is expected to witness rapid growth in the coming years with the increasing demand for oil and natural gas.

Global Floating Production System Market Key Players of Market:

Key players dominating the global Floating Production System market are Bumi Armada Berhad, Samsung Heavy Industries, Hyundai Heavy Industries, Teekay Corporation, SBM Offshore NV, Malaysia Marine, and Heavy Engineering, Aker Solutions, Keppel Offshore, and Marine, TechnipFMC PLC, WorleyParsons Group and others.

Global Floating Production System Market RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Global Floating Production System Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of a competitive environment.

Global Floating Production System Market Research Methodology:

The research of the Global Floating Production System Market takes place in two phases namely-

  • Primary ResearchThis entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps.
  • A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market.
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.
  • Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Floating Production System, By Platform Type                            

                                6.1.1 SPAR          

                                6.1.2 Tension Leg Platform          

                                6.1.3 Semi-submersible Platform             

                                6.1.4 Drill Ships 

                                6.1.5 Floating Production Storage and Offloading (FPSO)              

                                6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Floating Production System, By Application                  

                                6.2.1 Ultra-Deep water 

                                6.2.2 Deep water            

                                6.2.3 Shallow water        

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Platform Type  

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Platform Type  

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Platform Type  

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Platform Type  

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Platform Type  

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Bumi Armada Berhard                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Samsung Heavy Industries                   

                8.3 Hyundai Heavy Industries                    

                8.4 Teekay Corporation                

                8.5 SBM Offshore NV                    

                8.6 Malaysia Marine and Heavy Engineering                       

                8.7 Aker Solutions                           

                8.8 Keppel Offshore and Marine                              

                8.9 TechnipFMC PLC                      

                8.10 WorleyParsons Group                         

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Floating Production System Market By Region, From 2019-2024 ( USD Billion )
  2. Global Floating Production System Market By Platform Type, From 2019-2024 ( USD Billion )
  3. Global SPAR Market By Region, From 2019-2024 ( USD Billion )
  4. Global Tension Leg Platform Market By Region, From 2019-2024 ( USD Billion )
  5. Global Semi-submersible Platform Market By Region, From 2019-2024 ( USD Billion )
  6. Global Drill Ships Market By Region, From 2019-2024 ( USD Billion )
  7. Global Floating Production Storage and Offloading (FPSO) Market By Region, From 2019-2024 ( USD Billion )
  8. Global Floating Production System Market By Application, From 2019-2024 ( USD Billion )
  9. Global Ultra-Deep Water Market By Region, From 2019-2024 ( USD Billion )
  10. Global Deep Water Market By Region, From 2019-2024 ( USD Billion )
  11. Global Shallow Water Market By Region, From 2019-2024 ( USD Billion )

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