FPSO Vessels Market Pegged for Robust Expansion by 2027
The global floating production storage and offloading FPSO market is competitive and segmented. Transparency Market Research Market (TMR) report states that there are a few major players in the industry who are relentlessly developing new and innovative designs to penetrate the global market during the forecast period. These prominent players are focused on introducing new strategies like collaborations and partnerships to provide new in the global market. Some of the prominent players operating in the global FPSO vessel market include MODEC, Inc., BW Offshore, Bumi Armada Berhad, Blue Water Energy Services, and SBM Offshore N.V. Growing demand for alternative sources of oil due to continual depletion of existing oil reserves drives the global FPSO market. The global FPSO market is expected to grow at a robust rate of 11.80% during the forecast period 2016 to 2026. Additionally, the revenue in the global FPSO market is projected to reach up to US$8.30...