FPSO Market Future Prospects, Growth And Outlook 2026 | Fortune Business Insights

The global FPSO market is likely to gain impetus from the persistent depletion of onshore gas and oil reserves across the globe. This has led to a rise in the investments in “FPSO market. According to a report by Fortune Business Insights, titled, “FPSO Market Size, Share and Global Trend by Storage Capacity (Less than 1 MMBBL, 1 MMBBL – 2 MMBBL, more than 2 MMBBL), by Construction Type (Converted, New-Build, Redeployed), by Ownership (Contractor Owned, Operator Owned), by Water Depth (Shallow Water, Deepwater, Ultra-Deepwater) and by Geography Forecast till 2026,” FPSOs hold certain advantages, such as, the capability to work in remote locations as well as in deep waters where implementing pipelines is neither practical nor cost-effective. This is one of the major factors that will contribute to the global FPSO market growth during the forthcoming years.

Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fpso-market-100429

Top Players Overview:

  • BP
  • Chevron
  • ExxonMobil
  • Shell
  • Bumi Armada
  • SBM Offshore
  • BW Offshore
  • MODEC, Inc.
  • Blue Quail Energy Services, LLC
  • BV
  • Yinson
  • Teekay

The report classifies the global FPSO market on the bases of five segments, namely, by storage capacity, by construction type, by ownership, by water depth, and by geography. By storage capacity, the market is divided into less than 1 MMBBL, 1 MMBBL – 2 MMBBL, and more than 2 MMBBL. In terms of construction type, the market is grouped by new-build, converted, and redeployed. By ownership, the market is segmented into operator owned and contractor-owned.

Request for customization https://www.fortunebusinessinsights.com/enquiry/customization/fpso-market-100429

Key Market Driver – New offshore discoveries and easy operation

Key Market Restraint – High initial cost and time required for conversion or new-build.

Capacity Expansion by Key Players to Bode Well for Overall Market

Petrobras, a semi-public multinational corporation in the petroleum industry headquartered in Rio de Janeiro, announced that it has begun producing gas and oil from the P-76 FPSO in February 2019. P-76 has the capacity to compress around 6 million cubic meters of natural gas and can process approximately 150,000 barrels of oil. It is the second most FPSO to start up in 2019 which is followed by the P-67 FPSO. The company has planned to add a couple more FPSOs in 2019.


1. By Storage Capacity

  • Less than 1 MMBBL
  • 1 MMBBL – 2 MMBBL
  • More than 2 MMBBL

2. By Construction Type

  • Converted
  • New-Build
  • Redeployed

3. By Ownership

  • Contractor Owned
  • Operator Owned

4. By Water Depth

  • Shallow Water
  • Deepwater
  • Ultra-Deepwater

5. By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (China, India, Australia, M Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/fpso-market-100429

Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.

Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.

The increased spending on oil and gas across the world is another factor likely to drive the FPSO market Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the FPSO market Market.

The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive competition and maintain their stronghold.

For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/fpso-market-100429

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

(Have a Look at Reports Trending in “Energy & Power” Industry)

View Related Reports:

Solar Ingot Wafer Market

Portable Battery Market

Solid Recovered Fuel Market

Protective Relay Market

Nuclear Waste Management Market

Marine Fuel Injection System Market

Static VAR Generator Market

Electrical Digital Twin Market

About Us
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.

US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: [email protected] 

Howard Larue
Howard is leading the column providing news about communication devices. He has worked in the industry long enough to understand the procedures and the knick-knacks of the sectors. His knowledge is as vast as his understanding. His achievements in the field of theories related to the communication industry are noted and framed and hence makes him one of the top achievers in the list.

Leave a Reply

Your email address will not be published. Required fields are marked *