Europe FPSO Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Water Depth (Shallow Water, Deep Water, and Ultra-Deep Water), Hull (Single Hull and Double Hull), Mooring (Spread Mooring and Disconnectable Mooring), and Construction (Newly Built and Converted)           

BMIRE00025710 | Pages: 144 | Energy and Power | Aug 2022 | Type: Regional | Status: Published

The FPSO market in Europe is expected to grow from US$ 1,914.00 million in 2021 to US$ 3,013.50 million by 2028; it is estimated to register a CAGR of 6.7% from 2021 to 2028.

 

Rising offshore exploration and production activities are the major factors driving the Europe FPSO market growth. Over the last few decades, offshore oil and gas exploration and production have increased significantly. Further, the discoveries of new oil and gas reserves are growing exponentially across the region. In September 2020, Equinor announced the discovery of new oil and gas fields at the swisher prospect. The company also announced the discovery of two oil fields in the Flemish Pass basin offshore Newfoundland.

 

Major oil and gas extractions companies, such as Petrobras, are growing offshore exploration and production activities. In Petrobras, most of the oil reserves are in offshore fields, which has led the drilling activities to reach ever-greater depths. Further, over the next five years, the company expects over 10 new production systems to come on stream, which will ensure a 5% growth in production by 2023. Thus, due to the rising number of offshore exploration and development activities and advancements in deepwater technology, the FPSO market is growing rapidly.

  

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe FPSO market at a notable CAGR during the forecast period.

 

Europe FPSO Market Revenue and Forecast to 2028 (US$ Million)

 

 

Europe FPSO Market Segmentation

 

The Europe FPSO market is segmented into water-depth, hull, mooring, construction, and country. Based on water depth, the market is segmented into shallow water, deep water, and ultra-deep water. The shallow water segment held the largest market share in 2021. Based on hull, the market is bifurcated into single hull and double hull. The double hill segment held a larger market share in 2021. Based on mooring, the market is divided into spread mooring and disconnectable mooring. The disconnectable mooring segment held a larger market share in 2021. Based on construction, the market is bifurcated into newly built and converted. The converted segment held a larger market share in 2021. Based on country, the Europe FPSO market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Further, Germany held the largest market share in 2021.   

 

Bumi Armada Berhad; BW Offshore; CNOOC Limited; Energies; Equinor ASA; Exxon Mobil Corporation; MODEC, Inc; Petrobras; SBM Offshore; and Shell Plc are among the leading companies operating in the Europe FPSO market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Europe FPSO Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           Europe FPSO Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Increasing Oil and Gas Production in Deep and Ultra-Deepwater

5.1.2        Offshore Exploration and Production Activities Rising

5.2         Market Restraints

5.2.1        Challenges Faced in FPSO Implementation

5.3         Market Opportunities

5.3.1        Demand for Natural Gas and Crude Oil on Rise

5.4         Future Trends

5.4.1        Technological Upgradations in Subsea Technologies

6.           FPSO Market – Europe Analysis

6.1         Europe FPSO Market Overview

6.2         Europe FPSO Market Forecast and Analysis

7.           Europe FPSO Market Analysis – By Water Depth

7.1         Overview

7.2         Europe FPSO Market, By Water Depth (2020 and 2028)

7.3         Shallow Water

7.3.1        Overview

7.3.2        Shallow Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Deep Water

7.4.1        Overview

7.4.2        Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Ultra-Deep Water

7.5.1        Overview

7.5.2        Ultra-Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

8.           Europe FPSO Market Analysis – By Hull

8.1         Overview

8.2         Europe FPSO Market, By Hull (2020 and 2028)

8.3         Single Hull

8.3.1        Overview

8.3.2        Single Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Double Hull

8.4.1        Overview

8.4.2        Double Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

9.           Europe FPSO Market Analysis – By Mooring

9.1         Overview

9.2         FPSO Market, By Mooring (2020 and 2028)

9.3         Spread Mooring

9.3.1        Overview

9.3.2        Spread Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Disconnectable Mooring

9.4.1        Overview

9.4.2        Disconnectable Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

10.        Europe FPSO Market Analysis – By Construction

10.1      Overview

10.2      Europe FPSO Market, By Construction (2020 and 2028)

10.3      Newly Built

10.3.1     Overview

10.3.2     Newly Built: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Converted

10.4.1     Overview

10.4.2     Converted: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

11.        Europe FPSO Market – Country Analysis

11.1      Overview

11.1.1     Europe FPSO Market Breakdown, by Country

11.1.1.1       Germany FPSO Market, Revenue and Forecast to 2028

11.1.1.1.1       Germany FPSO Market Breakdown, by Water Depth

11.1.1.1.2       Germany FPSO Market Breakdown, by Hull

11.1.1.1.3       Germany FPSO Market Breakdown, by Mooring

11.1.1.1.4       Germany FPSO Market Breakdown, by Construction

11.1.1.2       France FPSO Market, Revenue and Forecast to 2028

11.1.1.2.1       France FPSO Market Breakdown, by Water Depth

11.1.1.2.2       France FPSO Market Breakdown, by Hull

11.1.1.2.3       France FPSO Market Breakdown, by Mooring

11.1.1.2.4       France FPSO Market Breakdown, by Construction

11.1.1.3       Italy FPSO Market, Revenue and Forecast to 2028

11.1.1.3.1       Italy FPSO Market Breakdown, by Water Depth

11.1.1.3.2       Italy FPSO Market Breakdown, by Hull

11.1.1.3.3       Italy FPSO Market Breakdown, by Mooring

11.1.1.3.4       Italy FPSO Market Breakdown, by Construction

11.1.1.4       UK FPSO Market, Revenue and Forecast to 2028

11.1.1.4.1       UK FPSO Market Breakdown, by Water Depth

11.1.1.4.2       UK FPSO Market Breakdown, by Hull

11.1.1.4.3       UK FPSO Market Breakdown, by Mooring

11.1.1.4.4       UK FPSO Market Breakdown, by Construction

11.1.1.5       Russia FPSO Market, Revenue and Forecast to 2028

11.1.1.5.1       Russia FPSO Market Breakdown, by Water Depth

11.1.1.5.2       Russia FPSO Market Breakdown, by Hull

11.1.1.5.3       Russia FPSO Market Breakdown, by Mooring

11.1.1.5.4       Russia FPSO Market Breakdown, by Construction

11.1.1.6       Rest of Europe FPSO Market, Revenue and Forecast to 2028

11.1.1.6.1       Rest of Europe FPSO Market Breakdown, by Water Depth

11.1.1.6.2       Rest of Europe FPSO Market Breakdown, by Hull

11.1.1.6.3       Rest of Europe FPSO Market Breakdown, by Mooring

11.1.1.6.4       Rest of Europe FPSO Market Breakdown, by Construction

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Product Development

13.        Company Profiles

13.1      MODEC, Inc.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Petrobras

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Bumi Armada Berhad

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      SBM Offshore

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      CNOOC Limited

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Energies

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      EXXON MOBIL CORPORATION

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      BW Offshore

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      Equinor ASA

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Shell plc

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

 

 

LIST OF TABLES

Table 1.             Europe FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe FPSO Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 3.             Germany FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 4.             Germany FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 5.             Germany FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 6.             Germany FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 7.             France FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 8.             France FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 9.             France FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 10.          France FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 11.          Italy FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 12.          Italy FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 13.          Italy FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 14.          Italy FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 15.          UK FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 16.          UK FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 17.          UK FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 18.          UK FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 19.          Russia FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 20.          Russia FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 21.          Russia FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 22.          Russia FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 23.          Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Water Depth (US$ million)

Table 24.          Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Hull (US$ million)

Table 25.          Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Mooring (US$ million)

Table 26.          Rest of Europe FPSO Market, Revenue and Forecast to 2028 – By Construction (US$ million)

Table 27.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Europe FPSO Market Segmentation

Figure 2.           Europe FPSO Market Segmentation – By Country

Figure 3.           Europe FPSO Market Overview

Figure 4.           Shallow Water Segment held the Largest Share of Europe FPSO Market

Figure 5.           Disconnectable Mooring Segment held the Largest Share of Europe FPSO Market

Figure 6.           Double Hull Segment held the Largest Share of Europe FPSO Market

Figure 7.           Converted Segment held the Largest Share of Europe FPSO Market

Figure 8.           Germany to Show Great Traction During Forecast Period

Figure 9.           Europe – PEST Analysis

Figure 10.        Europe FPSO Market– Ecosystem Analysis

Figure 11.        Europe FPSO Market: Impact Analysis of Drivers and Restraints

Figure 12.        Europe FPSO Market Forecast and Analysis (US$ Million)

Figure 13.        Europe FPSO Market Revenue Share, by Water Depth (2020 and 2028)

Figure 14.        Europe Shallow Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        E

Figure 16.        urope Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Europe Ultra-Deep Water: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Europe FPSO Market Revenue Share, by Hull (2020 and 2028)

Figure 19.        Europe Single Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Europe Double Hull: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Europe FPSO Market Revenue Share, by Mooring (2020 and 2028)

Figure 22.        Europe Spread Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Europe Disconnectable Mooring: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Europe FPSO Market Revenue Share, by Construction (2020 and 2028)

Figure 25.        Europe Newly Built: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Europe Converted: FPSO Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Europe FPSO Market, by Key Country - Revenue (2020) (US$ million)

Figure 28.        Europe FPSO Market Breakdown, by Country, 2018 & 2027(%)

Figure 29.        Germany FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 30.        France FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 31.        Italy FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 32.        UK FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 33.        Russia FPSO Market, Revenue and Forecast to 2028 (US$ million)

Figure 34.        Rest of Europe FPSO Market, Revenue and Forecast to 2028 (US$ million)

  1. Bumi Armada Berhad
  2. BW Offshore
  3. CNOOC Limited
  4. Energies
  5. Equinor ASA
  6. Exxon Mobil Corporation
  7. MODEC, Inc
  8. Petrobras
  9. SBM Offshore
  10. Shell Plc 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe FPSO market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe FPSO market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the FPSO market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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