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Floating Production Systems Market Forecast to 2018
The growth of the floating production systems market is directly proportional to the number of offshore exploration and production activities across the globe. Deep and ultra-deep water discoveries complemented by technological improvements drive the floating production systems market.
The nature of the floating production systems market is highly dependent on the investments from the operators. It also depends on who is placing the order; a field operator or a leasing contractor.
The recent developments in the floating production systems market are very encouraging, with many orders being placed. The floating production systems market has also seen many agreements and collaborations as part of the market strategy, which is being carried out by major floating production systems manufacturers. Leasing contractors are still the frontrunners when it comes to placing the orders for floating production systems.
Shipyard-manufacturers of floating production systems such as Samsung Heavy Industries (South Korea), Hyundai Heavy Industries Corporation Ltd. (South Korea), Keppel Offshore & Marine (Singapore), Malaysia Marine and Heavy Engineering Sdn Bhd (Malaysia), Daewoo Shipbuilding & Marine Engineering Co. Ltd. (South Korea), and Technip S.A. (France), have been the most active companies in terms of strategic developments during January 2011 to January 2014. Most of these market players are present in Asia-Pacific and have been actively participating in competitive developments.
The global floating production systems market is dominated by a few players. Almost all these top companies have a global presence and enjoy a majority of the market share. The leading operators of floating production systems are located mostly in Latin America, North America, and Africa.
The leading companies of the floating production systems market focus on agreements and collaborations as the capital expenditure is very high in the E&P industry. These leading companies are based in the Americas and are now focusing on the African and Asia-Pacific markets for expansion. Hence, investments in these regions are carried out by signing various agreements and collaborations.
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
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