APO RESEARCH · REPORT
Floating Production Storage and Offloading (FPSO)
Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
Product & engineering
Understand the product.
Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
Selected research
Industry Research
Floating Production Storage and Offloading (FPSO) Industry Research Report 2026
Market perspective
Floating Production, Storage, and Offloading (FPSO) is a floating tank system used by the oil and gas industry particularly in offshore operations. Floating production vessels are built with processing facilities, allowing it to handle the oil or gas it receives from nearby platforms or templates. Processed oil or gas is stored in the FPSO until a sufficient amount has been collected to fill a tanker. At which point, the unit offloads the stored material using a loading hose into a tanker going ashore.
FPSO vessels are popular as they can be easily moved and installed to nearby platforms and also allow for easy transportation of oil to tankers or pipelines. Once an existing field has been depleted FPSO can then be moved to other locations. This makes them suitable for smaller fields which can be depleted quickly and avoids the need for installing permanent expensive pipelines.
The vessels often take the form of traditional tankers. In addition to dedicated vessels that are designed for FPSO, oil and gas tankers can be converted to an FPSO vessel which also makes them an economical and flexible option
Read the full market overview
Latin America is the largest Floating Production Storage and Offloading (FPSO) market with about 50% market share.
The key players are Dalian Shipbuilding Industry Co., Ltd, China Ocean Shipping (Group) Company, CIMC Raffles, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., Ltd., Keppel Corporation Limited, Hyundai Heavy Industries, Sembcorp Marine, China State Shipbuilding Corporation, China Merchants Industry Holdings etc. Top 3 companies occupied about 50% market share.
Report Scope
This report quantifies the global Floating Production Storage and Offloading (FPSO) market in revenue (US$ million) and, where applicable, sales volume (Units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Floating Production Storage and Offloading (FPSO).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Floating Production Storage and Offloading (FPSO) Market by Company
Dalian Shipbuilding Industry Co., Ltd
China Ocean Shipping (Group) Company
CIMC Raffles
Samsung Heavy Industries
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Keppel Corporation Limited
Hyundai Heavy Industries
Sembcorp Marine
China State Shipbuilding Corporation
China Merchants Industry Holdings
Floating Production Storage and Offloading (FPSO) Segment by Type
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning (DP)
Floating Production Storage and Offloading (FPSO) Segment by Application
Shallow Water
Deep Water
Ultra-deep Water
Floating Production Storage and Offloading (FPSO) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Floating Production Storage and Offloading (FPSO) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Floating Production Storage and Offloading (FPSO) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Floating Production Storage and Offloading (FPSO).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Floating Production Storage and Offloading (FPSO) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Floating Production Storage and Offloading (FPSO) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Floating Production Storage and Offloading (FPSO) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Spread Mooring
- Single Point Mooring (SPM)
- Dynamic Positioning (DP)
Applications
- Shallow Water
- Deep Water
- Ultra-deep Water
Companies covered
- Dalian Shipbuilding Industry Co., Ltd
- China Ocean Shipping (Group) Company
- CIMC Raffles
- Samsung Heavy Industries
- Daewoo Shipbuilding & Marine Engineering Co., Ltd.
- Keppel Corporation Limited
- Hyundai Heavy Industries
- Sembcorp Marine
- China State Shipbuilding Corporation
- China Merchants Industry Holdings
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Floating Production Storage and Offloading (FPSO) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Spread Mooring
- 2.2.3 Single Point Mooring (SPM)
- 2.2.4 Dynamic Positioning (DP)
- 2.3 Floating Production Storage and Offloading (FPSO) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Shallow Water
- 2.3.3 Deep Water
- 2.3.4 Ultra-deep Water
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Floating Production Storage and Offloading (FPSO) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Floating Production Storage and Offloading (FPSO) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Floating Production Storage and Offloading (FPSO) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Floating Production Storage and Offloading (FPSO) Production by Manufacturers (2021-2026)
- 3.2 Global Floating Production Storage and Offloading (FPSO) Production Value by Manufacturers (2021-2026)
- 3.3 Global Floating Production Storage and Offloading (FPSO) Average Price by Manufacturers (2021-2026)
- 3.4 Global Floating Production Storage and Offloading (FPSO) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Floating Production Storage and Offloading (FPSO) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Floating Production Storage and Offloading (FPSO) Manufacturers, Product Type & Application
- 3.7 Global Floating Production Storage and Offloading (FPSO) Manufacturers Established Date
- 3.8 Global Floating Production Storage and Offloading (FPSO) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Dalian Shipbuilding Industry Co., Ltd
- 4.1.1 Dalian Shipbuilding Industry Co., Ltd Floating Production Storage and Offloading (FPSO) Company Information
- 4.1.2 Dalian Shipbuilding Industry Co., Ltd Floating Production Storage and Offloading (FPSO) Business Overview
- 4.1.3 Dalian Shipbuilding Industry Co., Ltd Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.1.4 Dalian Shipbuilding Industry Co., Ltd Product Portfolio
- 4.1.5 Dalian Shipbuilding Industry Co., Ltd Recent Developments
- 4.2 China Ocean Shipping (Group) Company
- 4.2.1 China Ocean Shipping (Group) Company Floating Production Storage and Offloading (FPSO) Company Information
- 4.2.2 China Ocean Shipping (Group) Company Floating Production Storage and Offloading (FPSO) Business Overview
- 4.2.3 China Ocean Shipping (Group) Company Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.2.4 China Ocean Shipping (Group) Company Product Portfolio
- 4.2.5 China Ocean Shipping (Group) Company Recent Developments
- 4.3 CIMC Raffles
- 4.3.1 CIMC Raffles Floating Production Storage and Offloading (FPSO) Company Information
- 4.3.2 CIMC Raffles Floating Production Storage and Offloading (FPSO) Business Overview
- 4.3.3 CIMC Raffles Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.3.4 CIMC Raffles Product Portfolio
- 4.3.5 CIMC Raffles Recent Developments
- 4.4 Samsung Heavy Industries
- 4.4.1 Samsung Heavy Industries Floating Production Storage and Offloading (FPSO) Company Information
- 4.4.2 Samsung Heavy Industries Floating Production Storage and Offloading (FPSO) Business Overview
- 4.4.3 Samsung Heavy Industries Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.4.4 Samsung Heavy Industries Product Portfolio
- 4.4.5 Samsung Heavy Industries Recent Developments
- 4.5 Daewoo Shipbuilding & Marine Engineering Co., Ltd.
- 4.5.1 Daewoo Shipbuilding & Marine Engineering Co., Ltd. Floating Production Storage and Offloading (FPSO) Company Information
- 4.5.2 Daewoo Shipbuilding & Marine Engineering Co., Ltd. Floating Production Storage and Offloading (FPSO) Business Overview
- 4.5.3 Daewoo Shipbuilding & Marine Engineering Co., Ltd. Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.5.4 Daewoo Shipbuilding & Marine Engineering Co., Ltd. Product Portfolio
- 4.5.5 Daewoo Shipbuilding & Marine Engineering Co., Ltd. Recent Developments
- 4.6 Keppel Corporation Limited
- 4.6.1 Keppel Corporation Limited Floating Production Storage and Offloading (FPSO) Company Information
- 4.6.2 Keppel Corporation Limited Floating Production Storage and Offloading (FPSO) Business Overview
- 4.6.3 Keppel Corporation Limited Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.6.4 Keppel Corporation Limited Product Portfolio
- 4.6.5 Keppel Corporation Limited Recent Developments
- 4.7 Hyundai Heavy Industries
- 4.7.1 Hyundai Heavy Industries Floating Production Storage and Offloading (FPSO) Company Information
- 4.7.2 Hyundai Heavy Industries Floating Production Storage and Offloading (FPSO) Business Overview
- 4.7.3 Hyundai Heavy Industries Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.7.4 Hyundai Heavy Industries Product Portfolio
- 4.7.5 Hyundai Heavy Industries Recent Developments
- 4.8 Sembcorp Marine
- 4.8.1 Sembcorp Marine Floating Production Storage and Offloading (FPSO) Company Information
- 4.8.2 Sembcorp Marine Floating Production Storage and Offloading (FPSO) Business Overview
- 4.8.3 Sembcorp Marine Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.8.4 Sembcorp Marine Product Portfolio
- 4.8.5 Sembcorp Marine Recent Developments
- 4.9 China State Shipbuilding Corporation
- 4.9.1 China State Shipbuilding Corporation Floating Production Storage and Offloading (FPSO) Company Information
- 4.9.2 China State Shipbuilding Corporation Floating Production Storage and Offloading (FPSO) Business Overview
- 4.9.3 China State Shipbuilding Corporation Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.9.4 China State Shipbuilding Corporation Product Portfolio
- 4.9.5 China State Shipbuilding Corporation Recent Developments
- 4.10 China Merchants Industry Holdings
- 4.10.1 China Merchants Industry Holdings Floating Production Storage and Offloading (FPSO) Company Information
- 4.10.2 China Merchants Industry Holdings Floating Production Storage and Offloading (FPSO) Business Overview
- 4.10.3 China Merchants Industry Holdings Floating Production Storage and Offloading (FPSO) Production, Value and Gross Margin (2021-2026)
- 4.10.4 China Merchants Industry Holdings Product Portfolio
- 4.10.5 China Merchants Industry Holdings Recent Developments
5 Global Floating Production Storage and Offloading (FPSO) Production by Region
- 5.1 Global Floating Production Storage and Offloading (FPSO) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Floating Production Storage and Offloading (FPSO) Production by Region: 2021-2032
- 5.2.1 Global Floating Production Storage and Offloading (FPSO) Production by Region: 2021-2026
- 5.2.2 Global Floating Production Storage and Offloading (FPSO) Production Forecast by Region (2027-2032)
- 5.3 Global Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Floating Production Storage and Offloading (FPSO) Production Value by Region: 2021-2032
- 5.4.1 Global Floating Production Storage and Offloading (FPSO) Production Value by Region: 2021-2026
- 5.4.2 Global Floating Production Storage and Offloading (FPSO) Production Value Forecast by Region (2027-2032)
- 5.5 Global Floating Production Storage and Offloading (FPSO) Market Price Analysis by Region (2021-2026)
- 5.6 Global Floating Production Storage and Offloading (FPSO) Production and Value, YOY Growth
- 5.6.1 North America Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Floating Production Storage and Offloading (FPSO) Production Value Estimates and Forecasts (2021-2032)
6 Global Floating Production Storage and Offloading (FPSO) Consumption by Region
- 6.1 Global Floating Production Storage and Offloading (FPSO) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Floating Production Storage and Offloading (FPSO) Consumption by Region (2021-2032)
- 6.2.1 Global Floating Production Storage and Offloading (FPSO) Consumption by Region: 2021-2026
- 6.2.2 Global Floating Production Storage and Offloading (FPSO) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Floating Production Storage and Offloading (FPSO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Floating Production Storage and Offloading (FPSO) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Floating Production Storage and Offloading (FPSO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Floating Production Storage and Offloading (FPSO) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Floating Production Storage and Offloading (FPSO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Floating Production Storage and Offloading (FPSO) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Floating Production Storage and Offloading (FPSO) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Floating Production Storage and Offloading (FPSO) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Floating Production Storage and Offloading (FPSO) Production by Type (2021-2032)
- 7.1.1 Global Floating Production Storage and Offloading (FPSO) Production by Type (2021-2032) & (Units)
- 7.1.2 Global Floating Production Storage and Offloading (FPSO) Production Market Share by Type (2021-2032)
- 7.2 Global Floating Production Storage and Offloading (FPSO) Production Value by Type (2021-2032)
- 7.2.1 Global Floating Production Storage and Offloading (FPSO) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Floating Production Storage and Offloading (FPSO) Production Value Market Share by Type (2021-2032)
- 7.3 Global Floating Production Storage and Offloading (FPSO) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Floating Production Storage and Offloading (FPSO) Production by Application (2021-2032)
- 8.1.1 Global Floating Production Storage and Offloading (FPSO) Production by Application (2021-2032) & (Units)
- 8.1.2 Global Floating Production Storage and Offloading (FPSO) Production Market Share by Application (2021-2032)
- 8.2 Global Floating Production Storage and Offloading (FPSO) Production Value by Application (2021-2032)
- 8.2.1 Global Floating Production Storage and Offloading (FPSO) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Floating Production Storage and Offloading (FPSO) Production Value Market Share by Application (2021-2032)
- 8.3 Global Floating Production Storage and Offloading (FPSO) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Floating Production Storage and Offloading (FPSO) Value Chain Analysis
- 9.1.1 Floating Production Storage and Offloading (FPSO) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Floating Production Storage and Offloading (FPSO) Production Mode & Process
- 9.2 Floating Production Storage and Offloading (FPSO) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Floating Production Storage and Offloading (FPSO) Distributors
- 9.2.3 Floating Production Storage and Offloading (FPSO) Customers
10 Global Floating Production Storage and Offloading (FPSO) Analyzing Market Dynamics
- 10.1 Floating Production Storage and Offloading (FPSO) Industry Trends
- 10.2 Floating Production Storage and Offloading (FPSO) Industry Drivers
- 10.3 Floating Production Storage and Offloading (FPSO) Industry Opportunities and Challenges
- 10.4 Floating Production Storage and Offloading (FPSO) Industry Restraints
11 Report Conclusion
12 Disclaimer
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