16 Dec 2015 06:12:52
Global FPSO Vessels and Equipments Market: Rising Demand for Oil and Gas to Propel Growth
A new research report by Transparency Market Research presents a comprehensive analysis of the global market for floating production storage and offloading (FPSO) vessels and equipment. The market study, titled “FPSO Vessels and Equipments Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020”, is available for sale on the TMR’s website.
In-depth research report on FPSO Vessels and Equipments Market with Full TOC at : http://www.transparencymarketresearch.com/fpso-vessels-equipments-market.html
According to the report, growing demand for oil and gas, together with the depletion of oil reserves, has raised the demand for FPSO vessels and equipment in the global arena. In addition to this, the rise in deep-water discoveries in Brazil is expected to fuel the worldwide FPSO vessel and equipment market over the forecast period.
The report segments the global FPSO vessels and equipment market on the basis of their application. Produced water, crude oil separation, seawater injection, nitrogen generation, chemical injection, and fuel gas treatment are the key application areas for FPSO vessels and equipment.
Further, the produced water segment is classified into degassers and hydro-cyclones, the crude oil separation segment is divided into heat exchangers, electrostatic dehydrators, and desalter and coalescers, the seawater injection segment into coarse filters, fine filters, and reactors, the fuel gas treatment segment into filter vessels, heat exchangers, and drums, and the chemical injection segment into tanks and vessels. Storage tanks are the key FPSO vessel, used for nitrogen generation.
Regionally, the report divides the global FPSO vessels and equipment market among North America, Asia Pacific, Europe, and the Rest of the World. The Rest of the World market has been exhibiting a remarkable growth over the past few years. Analysts expect it to occupy a major share of the overall market during the forecast period.
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Brazil has emerged as the leading consumer for FPSO vessels and equipment in the Rest of the World market. Various African and South American nations are also exhibiting a substantial demand for FPSO vessels and equipment, which is likely to boost this market in the Rest of the World extensively in future.
The FPSO vessels and equipment markets in Asia Pacific and North America have shown an immense growth in past. However, both the markets are witnessing a moderate demand at present, notes the study.
The report also studies the prevalent competitive landscape of the worldwide FPSO vessels and equipment market by analyzing the company profiles of the major players operating in this market. BW Offshore, Petrobras, Modec Inc., M. I. LLC., Minahassa Mechanical Engineering, Mitsubishi Heavy Industries Ltd., JND Technologies, Exxon Mobil Corp., and SBM Offshore are some of the key participants in the global market for FPSO vessels and equipment, states the report.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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