Floating_Production_Systems_Market_will_grow_at_a_CAGR_of_17%_in_the_given_forecast_period_from_2013_to_2019
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<strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> <strong>Systems</strong> <strong>Market</strong> <strong>will</strong> <strong>grow</strong> <strong>at</strong> a <strong>CAGR</strong> <strong>of</strong> <strong>17%</strong> <strong>in</strong><br />
<strong>the</strong> <strong>given</strong> <strong>forecast</strong> <strong>period</strong> <strong>from</strong> <strong>2013</strong> <strong>to</strong> <strong>2019</strong><br />
New York, May 23: <strong>Market</strong> Research Eng<strong>in</strong>e has published a new report titled as<br />
“<strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> <strong>Systems</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share,<br />
Growth, Trends and Forecast, <strong>2013</strong> - <strong>2019</strong>”<br />
A <strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong>, S<strong>to</strong>rage and Offload<strong>in</strong>g (FPSO) unit is a flo<strong>at</strong><strong>in</strong>g vessel used by<br />
<strong>the</strong> <strong>of</strong>fshore oil and gas <strong>in</strong>dustry for <strong>the</strong> production and process<strong>in</strong>g <strong>of</strong> hydrocarbons, and for<br />
<strong>the</strong> s<strong>to</strong>rage <strong>of</strong> oil. A FPSO vessel is designed <strong>to</strong> receive hydrocarbons produced by itself or<br />
<strong>from</strong> nearby pl<strong>at</strong>forms or subsea templ<strong>at</strong>e, process <strong>the</strong>m, and s<strong>to</strong>re oil until it can be<br />
<strong>of</strong>floaded on <strong>to</strong> a tanker or, less frequently, transported through a pipel<strong>in</strong>e.<br />
They are used extensively across <strong>the</strong> globe wherever <strong>of</strong>fshore drill<strong>in</strong>g activities are tak<strong>in</strong>g<br />
place. These systems are <strong>of</strong> different types such as <strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> S<strong>to</strong>rage and<br />
Offload<strong>in</strong>g (FPSO), Tension Leg Pl<strong>at</strong>form (TLP), spar, barge, and o<strong>the</strong>rs.<br />
<strong>Flo<strong>at</strong><strong>in</strong>g</strong> production system market is directly dependant on number <strong>of</strong> <strong>of</strong>fshore drill<strong>in</strong>g<br />
activities th<strong>at</strong> are carried out <strong>in</strong> world.<br />
Product type segment <strong>in</strong> <strong>the</strong> FPS market comprises FPSO, TLP, SPAR and FSO. FPSO is<br />
expected <strong>to</strong> be <strong>the</strong> most dom<strong>in</strong><strong>at</strong><strong>in</strong>g product <strong>in</strong> terms <strong>of</strong> demand for FPS. Various companies<br />
such as Royal Dutch Shell Plc, ENI, Petrobras and Premier Oil are us<strong>in</strong>g FPSO <strong>to</strong> extract<br />
crude oil <strong>from</strong> <strong>of</strong>fshore fields. FSO is similar <strong>to</strong> FPSO except production facility th<strong>at</strong> can be<br />
carried out on FPSO. Multiple tasks can be performed us<strong>in</strong>g FSOs such as flo<strong>at</strong><strong>in</strong>g, s<strong>to</strong>rage<br />
and <strong>of</strong>fload<strong>in</strong>g. TLP and SPAR are also used for carry<strong>in</strong>g out drill<strong>in</strong>g activities <strong>in</strong> <strong>the</strong> <strong>of</strong>fshore<br />
fields.<br />
Accord<strong>in</strong>g <strong>to</strong> <strong>the</strong> report <strong>the</strong> market was valued <strong>at</strong> US$12,315 mn <strong>in</strong> 2012. As per our<br />
analysis project <strong>the</strong> market <strong>to</strong> expand <strong>at</strong> a good <strong>CAGR</strong> <strong>of</strong> more than <strong>17%</strong> dur<strong>in</strong>g <strong>the</strong> <strong>period</strong><br />
<strong>from</strong> <strong>2013</strong> and <strong>2019</strong> and reach a value <strong>of</strong> US$38,532.6 mn by <strong>the</strong> end <strong>of</strong> <strong>the</strong> <strong>forecast</strong><br />
<strong>period</strong>.<br />
Browse Full Report: http://www.marketresearcheng<strong>in</strong>e.com/reportdetails/flo<strong>at</strong><strong>in</strong>g-productionsystems-market<br />
The report provides comprehensive coverage <strong>of</strong> all parameters <strong>of</strong> <strong>the</strong> <strong>Flo<strong>at</strong><strong>in</strong>g</strong><br />
<strong>Production</strong> <strong>Systems</strong> <strong>in</strong>dustry.<br />
· Comprehensive <strong>in</strong>form<strong>at</strong>ion <strong>of</strong> all planned <strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> <strong>Systems</strong> <strong>Market</strong><br />
projects over global<br />
· Capacity <strong>forecast</strong>s <strong>to</strong> <strong>2019</strong> with details like process, technology, oper<strong>at</strong>or and equity<br />
· <strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> <strong>Systems</strong> <strong>in</strong>dustry supply scenario global <strong>from</strong> <strong>2013</strong> <strong>to</strong> <strong>2019</strong>
· Plant capacity <strong>grow</strong>th and <strong>in</strong>stalled plant capacity by production process and<br />
technology<br />
· Global <strong>Flo<strong>at</strong><strong>in</strong>g</strong> <strong>Production</strong> <strong>Systems</strong> <strong>Market</strong> dynamics<strong>2013</strong> <strong>to</strong> <strong>2019</strong><br />
· <strong>Market</strong> size, demand and production outlook, demand by end-use sec<strong>to</strong>r, and average<br />
prices<br />
The major players <strong>in</strong> <strong>the</strong> global flo<strong>at</strong><strong>in</strong>g production systems market mentioned <strong>in</strong> this<br />
market report are Bumi Armada Berhad, Keppel Offshore and Mar<strong>in</strong>e Ltd., Hyundai Heavy<br />
Industries Co. Ltd., Malaysia Mar<strong>in</strong>e and Heavy Eng<strong>in</strong>eer<strong>in</strong>g Hold<strong>in</strong>gs Berhad, Samsung<br />
Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., SBM Offshore N.V., Technip<br />
S.A., Teekay Corp., Worley Parsons Ltd.<br />
The global flo<strong>at</strong><strong>in</strong>g production systems market is segmented <strong>in</strong><strong>to</strong>:<br />
By End Users<br />
<br />
<br />
<br />
<br />
FPSO<br />
TLP<br />
SPAR<br />
FSO<br />
By Region<br />
<br />
<br />
<br />
<br />
North America<br />
Europe<br />
Asia Pacific<br />
Rest <strong>of</strong> <strong>the</strong> World (RoW)<br />
O<strong>the</strong>r Research Report:<br />
<br />
Comb<strong>in</strong>ed He<strong>at</strong> and Power (CHP) Install<strong>at</strong>ion <strong>Market</strong> by Applic<strong>at</strong>ion<br />
(Residential, Commercial & Industrial), by Product (Large-scale CHP, Micro-CHP), by<br />
Technology (Comb<strong>in</strong>ed Cycle, Combustion/Gas, Steam, Fuel Cell etc) - Global<br />
Industry Analysis, Trends and Forecast 2015 – 2021<br />
http://marketresearcheng<strong>in</strong>e.com/reportdetails/comb<strong>in</strong>ed-he<strong>at</strong>-andpower-market<br />
<br />
Global Thermal Energy S<strong>to</strong>rage <strong>Market</strong> by Technology for Commercial and<br />
Industrial, Utilities, and Residential End Use Applic<strong>at</strong>ions – Trends and Forecast 2016<br />
- 2023 http://marketresearcheng<strong>in</strong>e.com/reportdetails/<strong>the</strong>rmal-energys<strong>to</strong>rage-market
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