FPSO Market by Storage Capacity (Less than 1 MMBBLs, 1-2 MMBBLs, More than 2 MMBBLs), by Water Depth (Shallow Water, Deepwater, Ultra-Deepwater), by Construction Type (Converted, New Build), by Hull Type (Single Hull, Double Hull), by Ownership (Contractor Owned {Contractor Managed, Operator Managed}, Operator Owned {Contractor Managed, Operator Managed}), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The FPSO Marketsize was valued at USD 13.06 USD Billion in 2023 and is projected to reach USD 18.87 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. A Floating Production Storage and Offloading (FPSO) unit is a maritime vessel used for offshore oil and gas extraction. FPSOs combine production, storage, and offloading functions into one unit, making them crucial for deepwater and remote field developments. There are several types of FPSOs: Spread Mooring FPSOs, anchored to the seabed using chains or cables; Turret Mooring FPSOs, with a swiveling turret allowing the vessel to rotate freely; and Dynamic Positioning FPSOs, which use thrusters to maintain position. FPSOs are equipped with advanced processing facilities for separating oil, gas, and water, and they can store oil for extended periods before transferring it to tankers or pipelines. These versatile platforms are employed in oil fields where fixed infrastructure is impractical due to water depth or distance from shore.
FPSO Trends
Storage Capacity
Water Depth
Construction Type
Hull Type
Ownership
The BCG matrix provides an analysis of the competitive landscape and market segments of the FPSO market:
Stars: Players with high growth and market share (e.g., Shell, Chevron, Total)
Cash Cows: Players with low growth but high market share (e.g., Aker Solutions, SBM Offshore)
Question Marks: Players with low market share but high growth (e.g., Bumi Armada Berhad, Yinson Holdings Berhad)
Dogs: Players with low growth and market share (e.g., Rubicon Offshore, Vietsovpetro, etc.)
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.4% from 2019-2033 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.4% from 2019-2033 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
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