糖心vlog传媒

logo

Asia-Pacific Floating Production System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific (APAC) Floating Production System and Offloading (FPSO) Market is segmented by Type (FPSO, Tension Leg Platform, SPAR, and Barge), Water Depth (Shallow Water and Deepwater and Ultra-Deepwater), and Geography (China, Australia, India, Malaysia, and Rest of Asia-Pacific)

Home Market Analysis Energy & Power Research Oil and Gas Research Upstream Research Exploration & Production (E&P) Research Floating Production System (FPS) Research APAC Floating Production Industry

APAC Floating Production System Market Size

View Global Report
Asia-Pacific Floating Production Systems Market
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 10.00 %
Market Concentration Low

Major Players

Asia-Pacific Floating Production Systems Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Floating Production Systems Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

APAC Floating Production System Market Analysis

The Asia-Pacific floating production systems market is expected to grow at a CAGR of over 10% during the forecast period of 2020 - 2025. Factors such as increased offshore exploration activity and focus on development of offshore oil and gas production, are expected to help drive the market for floating production systems. However, the high cost of FPS systems combined with the volatile nature of oil prices has hampered the growth of the market.

  • Floating Production, Storage and Offloading (FPSO) make up the largest share of the floating production systems market, because of its additional function of storing produced oil. FPSO dominates the market with over 60% of the market share, and over 39 FPSO present in the region as of July 1, 2018.
  • The demand for oil and gas production has always been on an increase, which has led to increased exploration activities offshore. This, in turn, is expected to help grow the market in the forecast period.
  • China is anticipated to dominate the market due to widespread development and production from offshore fields in various regions like East China Sea, Western South China Sea, Eastern South China Sea, Bohai, etc.

APAC Floating Production System Market Trends

This section covers the major market trends shaping the APAC Floating Production Systems Market according to our research experts:

Floating Production, Storage and Offloading (FPSO) to Dominate the Market

  • FPSO are the most popular floating production system because of its additional feature of storing and offloading produced crude oil. This have led FPSO's to have over 60% of the market share which is expected to grow in the forecast period.
  • FPSO provides the capability of long distances movement, which provides the operator a chance to using it over different regions and fields over its life.
  • China has 13 operating and 3 FPSO under construction as of July 1, 2018, which makes it the country with biggest FPSO fleet in the region, Australia comes in second place with 9 operating and 2 under construction FPSO.
  • The increasing energy demand is expected to drive the floating production systems market during the coming decade, as the new exploration activity is at an all-time high and the operators are often forced to work in much deeper waters, which require sophisticated technology and equipment, and also need the capability of storage and offloading oil, thereby helping drive the FPSO market.
Asia-Pacific Floating Production Systems Market

China to Dominate the Market

  • China is expected to maintain its dominance in floating production system market in the region in forecast period. This is the same trend as has been seen in recent years, due to heavy investments by the country in offshore oil and gas fields.
  • The offshore oil & gas industry is expected to witness massive investments between 2020-2025. China National Offshore Oil Corporation (CNOOC) invested USD 11.46 billion in 2019 and is expected to invest somewhere between USD 12.34 billion to USD 13.79 billion in 2020.
  • CNOOC has estimated oil production from offshore fields to be well above 555 million BOE in 2021 and 590 million BOE in 2022. This comes with the obvious growth in floating production system in the country.
  • Therefore, factors such as rising oil and gas investments along with development and exploration of new plays and projects in the region are expected to give a growth to the floating production systems market in the forecasted period.
Asia-Pacific Floating Production Systems Market

APAC Floating Production System Industry Overview

The Asia-Pacific floating production systems market is partially consolidated with some of the top players holding a major share of the market. The key players are Bumi Armada Berhad, Hyundai Heavy Industries Co. Ltd, Keppel Offshore & Marine Ltd, SBM Offshore, Samsung Heavy Industries Co. Ltd, amongst others.

APAC Floating Production System Market Leaders

  1. Bumi Armada Berhad

  2. Hyundai Heavy Industries Co. Ltd

  3. Keppel Offshore & Marine Ltd

  4. SBM Offshore

  5. Samsung Heavy Industries Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Market Conc. - APAC FPS.png
Need More Details on Market Players and Competitors?
Download PDF

APAC Floating Production System Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Offshore Active Rig Count and Forecast,till 2025

    4. 4.4 Historic and Demand Forecast of Offshore CAPEX in USD billion, 2017-2025

    5. 4.5 Recent Trends and Developments

    6. 4.6 Market Dynamics

      1. 4.6.1 Drivers

      2. 4.6.2 Restraints

    7. 4.7 Supply Chain Analysis

    8. 4.8 Porter's Five Forces Analysis

      1. 4.8.1 Bargaining Power of Suppliers

      2. 4.8.2 Bargaining Power of Consumers

      3. 4.8.3 Threat of New Entrants

      4. 4.8.4 Threat of Substitutes Products and Services

      5. 4.8.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 FPSO

      2. 5.1.2 Tension Leg Platform

      3. 5.1.3 SPAR

      4. 5.1.4 Barge

    2. 5.2 Water Depth

      1. 5.2.1 Shallow Water

      2. 5.2.2 Deepwater and Ultra-Deepwater

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 Australia

      3. 5.3.3 India

      4. 5.3.4 Malaysia

      5. 5.3.5 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Keppel Offshore and Marine Ltd

      2. 6.3.2 Malaysia Marine and Heavy Engineering SDN BHD

      3. 6.3.3 Samsung Heavy Industries Co. Ltd

      4. 6.3.4 SBM Offshore N.V.

      5. 6.3.5 Bumi Armada Berhad

      6. 6.3.6 Hyundai Heavy Industries Co. Ltd

      7. 6.3.7 Mitsubishi Heavy Industries Ltd,

      8. 6.3.8 TechnipFMC PLC

      9. 6.3.9 MODEC Inc.

      10. 6.3.10 Teekay Corporation

    4. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

APAC Floating Production System Industry Segmentation

The Asia-Pacific floating production systems market report include:

Type
FPSO
Tension Leg Platform
SPAR
Barge
Water Depth
Shallow Water
Deepwater and Ultra-Deepwater
Geography
China
Australia
India
Malaysia
Rest of Asia-Pacific
Need A Different Region Or Segment?
Customize Now

APAC Floating Production System Market Research FAQs

The Asia-Pacific Floating Production Systems Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)

Bumi Armada Berhad , Hyundai Heavy Industries Co. Ltd , Keppel Offshore & Marine Ltd , SBM Offshore and Samsung Heavy Industries Co. Ltd are the major companies operating in the Asia-Pacific Floating Production Systems Market.

The report covers the Asia-Pacific Floating Production Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Floating Production Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

APAC Floating Production System Industry Report

Statistics for the 2024 APAC Floating Production System market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. APAC Floating Production System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

APAC Floating Production System Market Report Snapshots

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Asia-Pacific Floating Production System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)