The report "Floating Production Systems Market By Types (FPSO, TLP, Spar, Barge, Others), Water Depth (Shallow, Deep, and Ultra Deep), Build (New and Converted) & Geography - Global trends and forecasts to 2018" defines and segments the global market with an analysis and forecast of the revenue. The market will grow from an estimated $14.9 billion in 2013 to $35.4 billion by 2018 with a CAGR of 18.9% from 2013 to 2018.
Browse more than 86 market data tables with 56 figures
spread through 275 pages and in-depth TOC on "Floating Production Systems
Market Global trends and forecasts to 2018".
Request for Report: http://www.marketsandmarkets.com/requestsample.asp?id=223871212
Latin America: Largest market for floating production
Latin America holds the largest market with the most number of offshore exploration & production activities being carried out in Brazil. This region has also seen a rise in ultra-deep water discoveries, along with a further increase in investments from FPS operators in Latin America, thus, boosting its global position.
FPSO: Biggest market by type
FPSO is the single largest floating production system type used across the globe and is suitable at all depths. The FPSO dominates the entire CAPEX for the market. FPSOs are expected to witness maximum number of installations and order bookings for the forecasted period. Latin America and Africa are the major regions where the demand for ultra-deep water FPSO has boosted the market.
Deep and Ultra-deep water discoveries
Exploration activities have increased in recent years and have shown tremendous results. There have been many deep-water discoveries since 2011 which have boosted the development of the FPS market. Deep-water explorations drive the oil industry which in turn has been profitable and an emerging factor for the growth of the market. From the ultra-deep water exploration point of view, new discoveries in Latin America and Western Africa are expected to drive the future of the floating production systems market.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India