Europe Floating Production Storage and Offloading (FPSO) Market Size, Share & Trends Analysis Report By Type (Converted and New Build), By Propulsion, By Application, By Hull Type, By Country and Growth Forecast, 2024 - 2031

The Europe Floating Production Storage and Offloading (FPSO) Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Floating Production Storage and Offloading (FPSO) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,405 million by 2031. The UK market is experiencing a CAGR of 5.4% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 7.2% during (2024 - 2031).

These vessels have production facilities that allow them to extract crude oil, natural gas, and other petroleum products directly from the seabed. Their ability to operate in harsh offshore environments makes them suitable for exploring resources that would otherwise be inaccessible.

Moreover, the FPSO’s processing facilities allow for separating oil, gas, water, and other components from the extracted raw materials. These facilities have sophisticated equipment that treats the production fluids before they are sent to storage tanks. Some FPSOs can perform light refining processes, enabling crude oil processing and the separation of gas for transport.

The rising natural gas storage levels suggest a more stable and secure natural gas supply in Europe. However, this also reflects a growing reliance on domestic production and imports to meet demand. As Europe seeks to enhance its energy security, there is a growing push to explore and produce natural gas from offshore fields, especially those in deep waters. FPSOs are particularly suited for such fields, and their demand will increase as offshore production ramps up to meet both storage needs and long-term energy goals.

Free Valuable Insights: The Global Floating Production Storage and Offloading (FPSO) Market will Hit USD 38.89 Billion by 2031, at a CAGR of 6.7%

Based on Type, the market is segmented into Converted and New Build. Based on Propulsion, the market is segmented into Self-Propelled and Towed. Based on Application, the market is segmented into Shallow Water, Deepwater, and Ultra-Deepwater. Based on Hull Type, the market is segmented into Double Hull and Single Hull. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• ABB Group
• Exxon Mobil Corporation
• Emerson Electric Co.
• TotalEnergies SE
• Kongsberg Group
• McDermott International, Ltd.
• MODEC, Inc.
• Bluewater Energy Services B.V.
• SBM Offshore N.V.
• Shell plc

Europe Floating Production Storage and Offloading (FPSO) Market Report Segmentation

By Type

• Converted
• New Build

By Propulsion

• Self-Propelled
• Towed

By Application

• Shallow Water
• Deepwater
• Ultra-Deepwater

By Hull Type

• Double Hull
• Single Hull

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Floating Production Storage and Offloading (FPSO) Market, by Type
1.4.2 Europe Floating Production Storage and Offloading (FPSO) Market, by Propulsion
1.4.3 Europe Floating Production Storage and Offloading (FPSO) Market, by Application
1.4.4 Europe Floating Production Storage and Offloading (FPSO) Market, by Hull Type
1.4.5 Europe Floating Production Storage and Offloading (FPSO) Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis

Chapter 5. Europe Floating Production Storage and Offloading (FPSO) Market by Type
5.1 Europe Converted Market by Country
5.2 Europe New Build Market by Country

Chapter 6. Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion
6.1 Europe Self-Propelled Market by Country
6.2 Europe Towed Market by Country

Chapter 7. Europe Floating Production Storage and Offloading (FPSO) Market by Application
7.1 Europe Shallow Water Market by Country
7.2 Europe Deepwater Market by Country
7.3 Europe Ultra-Deepwater Market by Country

Chapter 8. Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type
8.1 Europe Double Hull Market by Country
8.2 Europe Single Hull Market by Country

Chapter 9. Europe Floating Production Storage and Offloading (FPSO) Market by Country
9.1 Germany Floating Production Storage and Offloading (FPSO) Market
9.1.1 Germany Floating Production Storage and Offloading (FPSO) Market by Type
9.1.2 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.1.3 Germany Floating Production Storage and Offloading (FPSO) Market by Application
9.1.4 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.2 UK Floating Production Storage and Offloading (FPSO) Market
9.2.1 UK Floating Production Storage and Offloading (FPSO) Market by Type
9.2.2 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.2.3 UK Floating Production Storage and Offloading (FPSO) Market by Application
9.2.4 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.3 France Floating Production Storage and Offloading (FPSO) Market
9.3.1 France Floating Production Storage and Offloading (FPSO) Market by Type
9.3.2 France Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.3.3 France Floating Production Storage and Offloading (FPSO) Market by Application
9.3.4 France Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.4 Russia Floating Production Storage and Offloading (FPSO) Market
9.4.1 Russia Floating Production Storage and Offloading (FPSO) Market by Type
9.4.2 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.4.3 Russia Floating Production Storage and Offloading (FPSO) Market by Application
9.4.4 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.5 Spain Floating Production Storage and Offloading (FPSO) Market
9.5.1 Spain Floating Production Storage and Offloading (FPSO) Market by Type
9.5.2 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.5.3 Spain Floating Production Storage and Offloading (FPSO) Market by Application
9.5.4 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.6 Italy Floating Production Storage and Offloading (FPSO) Market
9.6.1 Italy Floating Production Storage and Offloading (FPSO) Market by Type
9.6.2 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.6.3 Italy Floating Production Storage and Offloading (FPSO) Market by Application
9.6.4 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type
9.7 Rest of Europe Floating Production Storage and Offloading (FPSO) Market
9.7.1 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type
9.7.2 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion
9.7.3 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application
9.7.4 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type

Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 SWOT Analysis
10.2 Exxon Mobil Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 SWOT Analysis
10.3 Emerson Electric Co.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 TotalEnergies SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 SWOT Analysis
10.5 Kongsberg Group
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 SWOT Analysis
10.6 McDermott International, Ltd.
10.6.1 Company Overview
10.7 MODEC, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.8 Bluewater Energy Services B.V.
10.8.1 Company Overview
10.9 SBM Offshore N.V.
10.9.1 Company Overview
10.10. Shell plc
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

TABLE 1 Europe Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 2 Europe Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 3 Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 4 Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 5 Europe Converted Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Converted Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe New Build Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe New Build Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 10 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 11 Europe Self-Propelled Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Self-Propelled Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Towed Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Towed Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 16 Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 17 Europe Shallow Water Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Shallow Water Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Deepwater Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Deepwater Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Ultra-Deepwater Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Ultra-Deepwater Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 24 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 25 Europe Double Hull Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Double Hull Market by Country, 2024 - 2031, USD Million
TABLE 27 Europe Single Hull Market by Country, 2020 - 2023, USD Million
TABLE 28 Europe Single Hull Market by Country, 2024 - 2031, USD Million
TABLE 29 Europe Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2023, USD Million
TABLE 30 Europe Floating Production Storage and Offloading (FPSO) Market by Country, 2024 - 2031, USD Million
TABLE 31 Germany Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 32 Germany Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 33 Germany Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 34 Germany Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 35 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 36 Germany Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 37 Germany Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 38 Germany Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 39 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 40 Germany Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 41 UK Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 42 UK Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 43 UK Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 44 UK Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 45 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 46 UK Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 47 UK Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 48 UK Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 49 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 50 UK Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 51 France Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 52 France Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 53 France Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 54 France Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 55 France Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 56 France Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 57 France Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 58 France Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 59 France Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 60 France Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 61 Russia Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 62 Russia Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 63 Russia Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 64 Russia Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 65 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 66 Russia Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 67 Russia Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 68 Russia Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 69 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 70 Russia Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 71 Spain Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 72 Spain Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 73 Spain Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 74 Spain Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 75 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 76 Spain Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 77 Spain Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 78 Spain Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 79 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 80 Spain Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 81 Italy Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 82 Italy Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 83 Italy Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 84 Italy Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 85 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 86 Italy Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 87 Italy Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 88 Italy Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 89 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 90 Italy Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 91 Rest of Europe Floating Production Storage and Offloading (FPSO) Market, 2020 - 2023, USD Million
TABLE 92 Rest of Europe Floating Production Storage and Offloading (FPSO) Market, 2024 - 2031, USD Million
TABLE 93 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2023, USD Million
TABLE 94 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2024 - 2031, USD Million
TABLE 95 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2023, USD Million
TABLE 96 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2024 - 2031, USD Million
TABLE 97 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2023, USD Million
TABLE 98 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2024 - 2031, USD Million
TABLE 99 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2023, USD Million
TABLE 100 Rest of Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2024 - 2031, USD Million
TABLE 101 Key Information – ABB Group
TABLE 102 Key Information – Exxon Mobil Corporation
TABLE 103 Key Information – Emerson Electric Co.
TABLE 104 Key Information – TotalEnergies SE
TABLE 105 Key Information – Kongsberg Group
TABLE 106 Key Information – McDermott International, Ltd.
TABLE 107 Key Information – MODEC, Inc.
TABLE 108 Key Information – Bluewater Energy Services B.V.
TABLE 109 Key Information – SBM Offshore N.V.
TABLE 110 Key Information – Shell plc

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Floating Production Storage and Offloading (FPSO) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Floating Production Storage and Offloading (FPSO)Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Floating Production Storage and Offloading (FPSO) Market
FIG 6 Europe Floating Production Storage and Offloading (FPSO) Market share by Type, 2023
FIG 7 Europe Floating Production Storage and Offloading (FPSO) Market share by Type, 2031
FIG 8 Europe Floating Production Storage and Offloading (FPSO) Market by Type, 2020 - 2031, USD Million
FIG 9 Europe Floating Production Storage and Offloading (FPSO) Market share by Propulsion, 2023
FIG 10 Europe Floating Production Storage and Offloading (FPSO) Market share by Propulsion, 2031
FIG 11 Europe Floating Production Storage and Offloading (FPSO) Market by Propulsion, 2020 - 2031, USD Million
FIG 12 Europe Floating Production Storage and Offloading (FPSO) Market share by Application, 2023
FIG 13 Europe Floating Production Storage and Offloading (FPSO) Market share by Application, 2031
FIG 14 Europe Floating Production Storage and Offloading (FPSO) Market by Application, 2020 - 2031, USD Million
FIG 15 Europe Floating Production Storage and Offloading (FPSO) Market share by Hull Type, 2023
FIG 16 Europe Floating Production Storage and Offloading (FPSO) Market share by Hull Type, 2031
FIG 17 Europe Floating Production Storage and Offloading (FPSO) Market by Hull Type, 2020 - 2031, USD Million
FIG 18 Europe Floating Production Storage and Offloading (FPSO) Market share by Country, 2023
FIG 19 Europe Floating Production Storage and Offloading (FPSO) Market share by Country, 2031
FIG 20 Europe Floating Production Storage and Offloading (FPSO) Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: ABB GROUP
FIG 22 SWOT Analysis: Exxon Mobil Corporation
FIG 23 Swot Analysis: EMERSON ELECTRIC CO.
FIG 24 SWOT Analysis: TotalEnergies SE
FIG 25 SWOT Analysis: Kongsberg Group
FIG 26 SWOT Analysis: Shell plc