FPSO market is expected to see a robust growth in upcoming years

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Information about FPSO market is expected to see a robust growth in upcoming years

Published on January 8, 2016

Author: SagarG4

Source: slideshare.net

1. FPSO Industry Growth Analysis By

2. Global Market Scenario of FPSO Market FPSO market is expected to see a robust growth in upcoming years Rising investment in offshore oil and gas exploration Oil and gas exploration companies have pushed exploration of oil and gas, from onshore to offshore, which in turn is driving the FPSO market growth Key opportunity of the global FPSO market lies in conversion of oil tankers, refurbishment and upgrades of FPSOs.

3. Compound Annual Growth Rate for FPSO Market At CAGR of 16.2%, Global FPSO Market to Reach US$43.39 bn by 2021 Geographically, Americas led the FPSO market in 2015 and the region is expected to continue its dominance till 2021 Additionally, Africa region is also expected to see a robust growth during the forecast period

4. Restraining Factors for FPSO Market • High capital expenditure requirement for construction or building of a new FPSO vessel • Volatile oil prices is affecting the flow of cash in the FPSO industry • Rising environmental concern related to the pollution caused by oil spills due to leakage and damage of a FPSO vessel is further • Legal complexities over proposed field and local content requirements is leading to delay in project execution and cost overruns

5. Key Players in FPSO Industry  MODEC, Inc. (Japan)  SBM Offshore N.V. (Netherlands)  BW Offshore (Norway)  Bluewater Energy Services B.V.(Netherlands)  Aker Solutions ASA (Norway)  Hyundai Heavy Industries Co., Ltd. (South Korea)  Bumi Armada Berhad (Malaysia)  Yinson Holdings Berhad (Malaysia)  Teekay Corporation (Bermuda) and Samsung Heavy Industries Co., Ltd.

6. For Detail Research Report on FPSO Market http://www.transparencymarketresearch.com/pressrelease/fpso-vessels-equipments-market.htm

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