Florida, February 15,2018: They are used extensively across the globe wherever offshore drilling activities are taking place. These systems are of different types such as Floating Production Storage and Offloading (FPSO), Tension Leg Platform (TLP), spar, barge, and others.

    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.

    According to the report the market was valued at US$12,315 mn in 2012. As per our analysis project the market to expand at a good CAGR of more than 17% during the period from 2013 and 2019 and reach a value of US$38,532.6 mn by the end of the forecast period.

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    The report provides comprehensive coverage of all parameters of the Floating Production Systems industry.

    • Comprehensive information of all planned Floating Production Systems Market projects over global
    • Capacity forecasts to 2019 with details like process, technology, operator and equity
    • Floating Production Systems industry supply scenario global from 2013 to 2019
    • Plant capacity growth and installed plant capacity by production process and technology
    • Global Floating Production Systems Market dynamics2013 to 2019
    • Market size, demand and production outlook, demand by end-use sector, and average prices

    The major players in the global floating production systems market mentioned in this market report are Bumi Armada Berhad, Keppel Offshore and Marine Ltd., Hyundai Heavy Industries Co. Ltd., Malaysia Marine and Heavy Engineering Holdings Berhad, Samsung Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., SBM Offshore N.V., Technip S.A., Teekay Corp., Worley Parsons Ltd.

    The global floating production systems market is segmented into:

    By End Users

    • FPSO
    • TLP
    • SPAR
    • FSO

    By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

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    Table of Contents

    1  INTRODUCTION

    2 Executive Summary

    3 Market Overview

    4 Market Analysis

    4.1 Introduction
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.1.1 Increasing Demand of Crude Oil
    4.2.1.2 Increased Focus on offshore Exploration & Production
    4.2.2 Restraints
    4.2.2.1 Increasing Mishaps Leading to Oil Spills
    4.2.3 Opportunities
    4.2.3.1 Discoveries Supporting Deepwater Drilling
    4.2.3.2 Growing Offshore Investments With Emerging Technologies
    4.3 Winning Imperatives
    4.3.1 Focus on Specialized Offshore Vessels
    4.3.2 Shared Risk and Growth
    4.4 Burning Issues
    4.4.1 Lack of Skilled Professionals
    4.4.2 Geopolitical Risks
    4.5 Value Chain Analysis
    4.5.1 Raw-Material Manufacturers
    4.5.2 Shipyard
    4.5.3 Suppliers and Operators
    4.5.4 Field Operators
    4.6 SWOT Analysis
    4.6.1 SWOT Analysis of Major Companies
    4.6.1.1 BUMI Armada Berhad (Malaysia)
    4.6.1.2 Daewoo Shipbuilding & Marine Engineering Co. Ltd.
    4.6.1.3 Hyundai Heavy Industries
    4.6.1.4 Keppel Offshore and Marine Ltd.
    4.6.1.5 Malaysian Marine and Heavy Engineering Holdings Berhad
    4.6.1.6 Mitsubishi Heavy Industries Corporation Ltd.
    4.6.1.7 Pipavav Defense and Offshore Engineering Company Ltd.
    4.6.1.8 Samsung Heavy Industries Ltd.
    4.6.1.9 SBM Offshore
    4.6.1.10 Technip S.A
    4.6.1.11 Teekay Corporation
    4.7 Porter’s Five-Forces Model
    4.7.1 Threat of New Entrants
    4.7.2 Threat of Substitute Products
    4.7.3 Bargaining Power of Buyers
    4.7.4 Bargaining Power of Suppliers
    4.7.5 Degree of Competition

    5 Floating Production Systems Market, By Type

    6 Floating Production Systems Market, By Geography

    7 Floating Production Systems Market By Water Depth

    8 Floating Production Systems Market By Build

    9 Competitive Landscape

    10 Company Profile (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)

    10.1 BUMI Armada Berhad

    10.2 Daewoo Shipbuilding & Marine Engineering Co. Ltd.

    10.3 Hyundai Heavy Industries Co. Ltd.

    10.4 Keppel Offshore and Marine Ltd.

    10.5 Malaysia Marine and Heavy Engineering Sdn Bhd

    10.6 Mitsubishi Heavy Industries Corporation

    10.7 Pipavav Defence and Offshore Engineering Company Ltd.

    10.8 Samsung Heavy Industries Co. Ltd.

    10.9 SBM Offshore

    10.10 Technip S.A.

    10.11 Teekay Corporation

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    Source: http://www.financeswire.com/floating-production-systems-market-size-will-exceed-us-40-0-billion-by-2023