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PUBLISHER: IMARC | PRODUCT CODE: 1800867
PUBLISHER: IMARC | PRODUCT CODE: 1800867
Floating Production Storage and Offloading Market Report by Vessel Type, Design, Propulsion Type, Hull Type, Application, and Region 2025-2033
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PAGES: 142 Pages
DELIVERY TIME: 2-3 business days
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The global floating production storage and offloading market size reached USD 22.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 36.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.14% during 2025-2033.
Floating production storage and offloading (FPSO) vessels are used in offshore oil and gas fields to receive hydrocarbons from subsea oil reservoirs and process them into oil, gas and water. These vessels store processed crude oil or natural gas until it is offloaded to a shuttle tanker or transported through an export pipeline to refineries. They have pumps, generators, storage tanks, control rooms and accommodation facilities, which help to extract and refine oil and gas in remote areas at low prices. As compared to conventional offshore oil and gas platforms, FPSO vessels are more flexible, versatile, safe, time-efficient and offer high storage capacity.
FPSO vessels do not require expensive subsea oil pipelines to export oil and can be moved to another location when an existing oilfield is depleted. Consequently, they are gaining preference in frontier regions wherein local pipeline infrastructure is not available and smaller oil and gas fields exhaust in a few years. They are also considered suitable for unfavorable environmental conditions as they comprise detachable turret systems that can be released during an emergency and reattached to continue operations. These factors, in confluence with the rising demand for energy, are acting as major growth-inducing factors bolstering the market growth. Apart from this, the declining onshore oil exploration activities, along with the growing focus on deep-water oil extraction in remote locations, are contributing to the market growth. Moreover, the integration of advanced technologies and digitization of FSPO vessels are anticipated to drive the market further in the coming years.
Key Market Segmentation:
Breakup by Vessel Type:
- Converted and Redeployed
- New-Build
Breakup by Design:
- Spread Mooring FPSO Vessels
- Single Point Mooring FPSO Vessels
- Dynamic Positioning FPSO Vessels
Breakup by Propulsion Type:
- Self-Propelled
- Towed
Breakup by Hull Type:
- Single Hull
- Double Hull
Breakup by Application:
- Shallow Water
- Deepwater
- Ultra-deep Water
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bumi Armada Berhad (Usaha Tegas Sdn Bhd), Bluewater Energy Services B.V. (Aurelia Energy N.V.), BP Plc, BW Offshore Limited, Chevron Corporation, Exxon Mobil Corporation, MODEC Inc., Petroleo Brasileiro S.A., SBM Offshore N.V., Royal Dutch Shell PLC and Teekay Corporation.
Key Questions Answered in This Report
- 1.How big is the global floating production storage and offloading market?
- 2.What is the expected growth rate of the global floating production storage and offloading market during 2025-2033?
- 3.What are the key factors driving the global floating production storage and offloading market?
- 4.What has been the impact of COVID-19 on the global floating production storage and offloading market?
- 5.What is the breakup of the global floating production storage and offloading market based on the vessel type?
- 6.What is the breakup of the global floating production storage and offloading market based on the design?
- 7.What is the breakup of the global floating production storage and offloading market based on the propulsion type?
- 8.What is the breakup of the global floating production storage and offloading market based on the hull type?
- 9.What is the breakup of the global floating production storage and offloading market based on the application?
- 10.What are the key regions in the global floating production storage and offloading market?
- 11.Who are the key players/companies in the global floating production storage and offloading market?
Product Code: SR112025A3066
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Floating Production Storage and Offloading Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vessel Type
- 6.1 Converted and Redeployed
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 New-Build
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Design
- 7.1 Spread Mooring FPSO Vessels
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Single Point Mooring FPSO Vessels
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Dynamic Positioning FPSO Vessels
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Propulsion Type
- 8.1 Self-Propelled
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Towed
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Hull Type
- 9.1 Single Hull
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Double Hull
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Application
- 10.1 Shallow Water
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Deepwater
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Ultra-deep Water
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Bumi Armada Berhad (Usaha Tegas Sdn Bhd)
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.2 Bluewater Energy Services B.V. (Aurelia Energy N.V.)
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.3 BP Plc
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 BW Offshore Limited
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.5 Chevron Corporation
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 Exxon Mobil Corporation
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 MODEC Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Petroleo Brasileiro S.A.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 SBM Offshore N.V.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Royal Dutch Shell PLC
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.11 Teekay Corporation
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.1 Bumi Armada Berhad (Usaha Tegas Sdn Bhd)
Product Code: SR112025A3066
List of Figures
- Figure 1: Global: Floating Production Storage and Offloading Market: Major Drivers and Challenges
- Figure 2: Global: Floating Production Storage and Offloading Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Floating Production Storage and Offloading Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Floating Production Storage and Offloading Market: Breakup by Vessel Type (in %), 2024
- Figure 5: Global: Floating Production Storage and Offloading Market: Breakup by Design (in %), 2024
- Figure 6: Global: Floating Production Storage and Offloading Market: Breakup by Propulsion Type (in %), 2024
- Figure 7: Global: Floating Production Storage and Offloading Market: Breakup by Hull Type (in %), 2024
- Figure 8: Global: Floating Production Storage and Offloading Market: Breakup by Application (in %), 2024
- Figure 9: Global: Floating Production Storage and Offloading Market: Breakup by Region (in %), 2024
- Figure 10: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Floating Production Storage and Offloading (Converted and Redeployed) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Floating Production Storage and Offloading (New-Build) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Floating Production Storage and Offloading (New-Build) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Floating Production Storage and Offloading (Spread Mooring FPSO Vessels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Floating Production Storage and Offloading (Single Point Mooring FPSO Vessels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Floating Production Storage and Offloading (Dynamic Positioning FPSO Vessels) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Floating Production Storage and Offloading (Self-Propelled) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Floating Production Storage and Offloading (Self-Propelled) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Floating Production Storage and Offloading (Towed) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Floating Production Storage and Offloading (Towed) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Floating Production Storage and Offloading (Single Hull) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Floating Production Storage and Offloading (Single Hull) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Floating Production Storage and Offloading (Double Hull) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Floating Production Storage and Offloading (Double Hull) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Floating Production Storage and Offloading (Shallow Water) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Floating Production Storage and Offloading (Shallow Water) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Floating Production Storage and Offloading (Deepwater) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Floating Production Storage and Offloading (Deepwater) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Floating Production Storage and Offloading (Ultra-deep Water) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: North America: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: United States: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: United States: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Canada: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Canada: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: North America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Asia-Pacific: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: China: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: China: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Japan: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Japan: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: India: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: India: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: South Korea: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: South Korea: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Australia: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Australia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Indonesia: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Indonesia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Others: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Asia-Pacific: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Europe: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Germany: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Germany: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: France: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: France: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: United Kingdom: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: United Kingdom: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Italy: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Italy: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Spain: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Spain: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Russia: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Russia: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Others: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Europe: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Latin America: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Brazil: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Brazil: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Mexico: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Mexico: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Others: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Others: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Latin America: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Middle East and Africa: Floating Production Storage and Offloading Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Middle East and Africa: Floating Production Storage and Offloading Market: Breakup by Country (in %), 2024
- Figure 82: Middle East and Africa: Floating Production Storage and Offloading Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Global: Floating Production Storage and Offloading Industry: SWOT Analysis
- Figure 84: Global: Floating Production Storage and Offloading Industry: Value Chain Analysis
- Figure 85: Global: Floating Production Storage and Offloading Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Floating Production Storage and Offloading Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Vessel Type (in Million USD), 2025-2033
- Table 3: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Design (in Million USD), 2025-2033
- Table 4: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Propulsion Type (in Million USD), 2025-2033
- Table 5: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Hull Type (in Million USD), 2025-2033
- Table 6: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 7: Global: Floating Production Storage and Offloading Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 8: Global: Floating Production Storage and Offloading Market: Competitive Structure
- Table 9: Global: Floating Production Storage and Offloading Market: Key Players
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