Floating Storage and Offloading Unit (FSO) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Samsung Heavy Industries (SHI), DSME, Keppel Corporation, Hyundai Heavy Industries (HHI)

Over the next five years the Floating Storage and Offloading Unit (FSO) market will register an 5.9% CAGR in terms of revenue, the global market size will reach USD 28 billion by 2027.

Floating Storage and Offloading Unit (FSO) Market Overview

The market for floating production storage and offloading unit (FSO)is anticipated to grow at a CAGR of 5.9% from an estimated USD 19.5 billion in 2019 to USD 28 billion by 2027. The market's expansion is driven to the significant demand for floating storage and offloading unit (FSO) in nations like Brazil and Mexico. The market for floating production storage and offloading unit (FSO) is expected to be driven in part by increased attention being paid to offshore exploration and production activities, as well as rising deep- and ultra-Deepwater exploration.

The report aspects discussed the profile of the top manufacturers of the global Floating Storage and Offloading Unit (FSO) market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Floating Storage and Offloading Unit (FSO) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Floating Storage and Offloading Unit (FSO) Market?

The Floating Storage and Offloading Unit (FSO) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Samsung Heavy Industries (SHI), DSME, Keppel Corporation, Hyundai Heavy Industries (HHI), Sembcorp Marine, Sevan SSP, COSCO, SBM Offshore, DSIC, China Merchants Group (CMG), CIMC and others.

Industry News:

Saipem, in JV with DSME, awarded a contract by Petrobras for a new FPSO in the Búzios offshore field in Brazil

June 11, 2021 – Saipem, leading of a joint venture with Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME), a main South Korean specialized shipbuilding and offshore contractor, has been awarded by Petróleo Brasileiro (Petrobras) a contract for the construction of the Floating Production Storage and Offloading Vessel (FPSO) named P-79 for the development of Búzios offshore field in Brazil.

Keppel O&M awarded FPSO integration contracts worth around S$250 million from repeat customers

06 May 2022: Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around S$250 million[1] from repeat customers for the integration of two Floating Production Storage and Offloading vessels (FPSO).

Floating Storage and Offloading Unit (FSO) Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Floating Storage and Offloading Unit (FSO) Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.

What are the major Applications, Types and Regions for Floating Storage and Offloading Unit (FSO) Market?

By Type, it is segmented into

•     Shallow Water


•     Deep Water

By Applications it is segmented into

•     Floating Storage and Offloading (FSO)


•     Floating Production Storage and Offloading (FPSO)


•     Floating Drilling Production Storage and Offloading (FDPSO)


•     Floating Storage Regasification Unit (FSRU)

Floating Storage and Offloading Unit (FSO) Market Regional Analysis

With a market share of 42.32% and a market value of over $8.16 billion in 2021, the South American area emerged as the largest market for the global floating production storage and offloading unit (FPS) market. The market for floating production storage and offloading unit (FPS) is now dominated by South America as a result of increased spending on offshore oil and gas exploration in deep and ultra-deep water. The enormous resources planned upstream into deep water hydrocarbon reserves are also contributing to the market expansion in this area. In addition, a CAGR of 16.14% is predicted for the North America region during the projection period. This growth is attributed to the high production targets from the regional agencies and the presence of different market glants. Moreover, the increasing gas & oil expenditure & production along with the improvement in drilling technologies, will probably support the market's growth during the projection period.

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Floating Storage and Offloading Unit (FSO) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Floating Storage and Offloading Unit (FSO) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Floating Storage and Offloading Unit (FSO) Market report scope?

 Key Takeaways from this Floating Storage and Offloading Unit (FSO) Report

• Evaluate Floating Storage and Offloading Unit (FSO) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Floating Storage and Offloading Unit (FSO) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Floating Storage and Offloading Unit (FSO) Market is studied from 2017 - 2027.

What is the growth rate of Floating Storage and Offloading Unit (FSO) Market?

The Floating Storage and Offloading Unit (FSO) Market is growing at a CAGR of 5.9% over the next 5 years.

Who are the key players in Floating Storage and Offloading Unit (FSO) Market?

Samsung Heavy Industries (SHI), DSME, Keppel Corporation, Hyundai Heavy Industries (HHI), Sembcorp Marine, Sevan SSP, COSCO, SBM Offshore, DSIC, China Merchants Group (CMG), CIMC

What region does this Floating Storage and Offloading Unit (FSO) Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Floating Storage and Offloading Unit (FSO) Market?

Shallow Water, Deep Water

What are the major end-use applications of Floating Storage and Offloading Unit (FSO) Market?

Floating Storage and Offloading (FSO), Floating Production Storage and Offloading (FPSO), Floating Drilling Production Storage and Offloading (FDPSO), Floating Storage Regasification Unit (FSRU)