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
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.

Market Analysis and Insights: Global and South Korea Floating Production Storage and Offloading (FPSO) Market
This report focuses on global and South Korea Floating Production Storage and Offloading (FPSO) market.
In 2020, the global Floating Production Storage and Offloading (FPSO) market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027. In South Korea the Floating Production Storage and Offloading (FPSO) market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Floating Production Storage and Offloading (FPSO) Scope and Market Size
Floating Production Storage and Offloading (FPSO) market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Floating Production Storage and Offloading (FPSO) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For South Korea market, this report focuses on the Floating Production Storage and Offloading (FPSO) market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in South Korea.

Segment by Type
Spread Mooring
Single Point Mooring (SPM)
Dynamic Positioning (DP)

Segment by Application
Shallow Water
Deep Water
Ultra-deep Water

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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