Enjoy complimentary customisation on priority with our Enterprise License!
The Americas floating production systems (FPS) market size is forecast to increase by USD 19.04 billion at a CAGR of 7.1% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for energy and the expansion of deepwater and ultra-deepwater projects. This trend is driven by the depletion of onshore reserves and the need to explore new frontiers for oil and gas production. However, the market also faces challenges such as environmental concerns arising from offshore drilling. To address these challenges, advanced technologies such as shuttle tankers, submarine pipelines, mooring buoys, rotary joints, mooring cables, floating hoses, anchor chains, and anchor piles are being employed. These solutions enable efficient and cost-effective production while minimizing environmental impact. For instance, shuttle tankers reduce the need for multiple production platforms, while submarine pipelines eliminate the need for surface pipelines. Similarly, mooring buoys and rotary joints ensure stable production platforms, while mooring cables and floating hoses facilitate the transfer of oil and gas to onshore facilities. Anchor chains and anchor piles provide the necessary stability and security for the FPS. Overall, the FPS market is expected to continue its growth trajectory, driven by technological advancements and the need for sustainable energy production.
_Market_in_Americas_size_abstract_2024_v1.jpg.webp?v4.1.20)
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.