Market overview
The global floating production storage and offloading market is worth USD 18.9 bn in 2026 and is forecast to reach USD 32.3 bn by 2036, growing at a 5.5% CAGR. Brazil is the largest country market and Lease and operate is the largest by contract type segment.
| Scope | Floating production, storage and offloading vessels: new-build and converted FPSO hulls, topsides, leases and operating contracts for offshore oil and gas fields. |
|---|---|
| Industry | Oil and Gas |
| Value 2025 | USD 18.0 bn |
| Value 2026 | USD 18.9 bn |
| Value 2036 | USD 32.3 bn |
| CAGR 2026-2036 | 5.5% |
| Volume 2026 | 196 FPSO units |
| Volume 2036 | 274 FPSO units |
| Average price 2026 | USD 96,630,000 per FPSO unit |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Floating Production Storage and Offloading market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 18.9 bn |
| 2027 | USD 19.9 bn |
| 2028 | USD 21.0 bn |
| 2029 | USD 22.2 bn |
| 2030 | USD 23.4 bn |
| 2031 | USD 24.7 bn |
| 2032 | USD 26.1 bn |
| 2033 | USD 27.5 bn |
| 2034 | USD 29.0 bn |
| 2035 | USD 30.6 bn |
| 2036 | USD 32.3 bn |
Floating Production Storage and Offloading market segmentation
By contract type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Lease and operate | 62.0% | 59.8% | USD 11.7 bn | 5.1% |
| Owned by field operator | 20.0% | 20.2% | USD 3.8 bn | 5.6% |
| New build and conversion supply | 18.0% | 20.0% | USD 3.4 bn | 6.6% |
By water depth
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Shallow water | 25.0% | 20.8% | USD 4.7 bn | 3.6% |
| Deepwater | 50.0% | 50.3% | USD 9.4 bn | 5.6% |
| Ultra-deepwater | 25.0% | 29.0% | USD 4.7 bn | 7.1% |
By storage capacity
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Under 1 million barrels | 24.0% | 20.0% | USD 4.5 bn | 3.6% |
| 1 to 1.6 million barrels | 46.0% | 46.0% | USD 8.7 bn | 5.5% |
| Above 1.6 million barrels | 30.0% | 34.0% | USD 5.7 bn | 6.8% |
By mooring
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Turret moored | 44.0% | 42.0% | USD 8.3 bn | 5.0% |
| Spread moored | 40.0% | 41.0% | USD 7.6 bn | 5.8% |
| Dynamically positioned | 16.0% | 17.0% | USD 3.0 bn | 6.1% |
By client type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Oil majors | 46.0% | 42.0% | USD 8.7 bn | 4.5% |
| National oil companies | 36.0% | 40.0% | USD 6.8 bn | 6.6% |
| Independent operators | 18.0% | 18.0% | USD 3.4 bn | 5.5% |
Top 25 countries for floating production storage and offloading by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 79.0% of 2026 revenue and the 25 countries below together hold 93.7%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | Brazil | USD 5.3 bn | 28.0% | USD 10.2 bn | 6.8% |
| 2 | Angola | USD 1.7 bn | 9.0% | USD 2.5 bn | 3.9% |
| 3 | Nigeria | USD 1.5 bn | 8.0% | USD 2.4 bn | 4.8% |
| 4 | Guyana | USD 1.5 bn | 8.0% | USD 3.5 bn | 8.8% |
| 5 | Malaysia | USD 945 mn | 5.0% | USD 1.4 bn | 3.9% |
| 6 | Australia | USD 945 mn | 5.0% | USD 1.3 bn | 2.9% |
| 7 | Ghana | USD 756 mn | 4.0% | USD 1.2 bn | 4.7% |
| 8 | United Kingdom | USD 756 mn | 4.0% | USD 904 mn | 1.8% |
| 9 | Indonesia | USD 756 mn | 4.0% | USD 1.2 bn | 4.7% |
| 10 | China | USD 756 mn | 4.0% | USD 1.0 bn | 3.2% |
| 11 | Namibia | USD 412 mn | 2.2% | USD 939 mn | 8.6% |
| 12 | Mexico | USD 359 mn | 1.9% | USD 546 mn | 4.3% |
| 13 | Norway | USD 312 mn | 1.6% | USD 404 mn | 2.6% |
| 14 | Senegal | USD 272 mn | 1.4% | USD 517 mn | 6.6% |
| 15 | Ivory Coast | USD 236 mn | 1.2% | USD 358 mn | 4.2% |
| 16 | Vietnam | USD 206 mn | 1.1% | USD 313 mn | 4.3% |
| 17 | India | USD 180 mn | 0.9% | USD 271 mn | 4.2% |
| 18 | Egypt | USD 155 mn | 0.8% | USD 236 mn | 4.3% |
| 19 | Mozambique | USD 136 mn | 0.7% | USD 258 mn | 6.6% |
| 20 | Thailand | USD 117 mn | 0.6% | USD 178 mn | 4.2% |
| 21 | Cameroon | USD 102 mn | 0.5% | USD 155 mn | 4.3% |
| 22 | Argentina | USD 89 mn | 0.5% | USD 168 mn | 6.6% |
| 23 | Trinidad and Tobago | USD 77 mn | 0.4% | USD 119 mn | 4.4% |
| 24 | Turkey | USD 68 mn | 0.4% | USD 103 mn | 4.3% |
| 25 | Colombia | USD 59 mn | 0.3% | USD 90 mn | 4.4% |
| Rest of world | USD 1.2 bn | 6.3% | USD 2.0 bn | 5.3% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- SBM Offshore
- MODEC
- BW Offshore
- Yinson
- Bumi Armada
Group 2: Regional and specialist players
- Altera Infrastructure
- Saipem
- Petrobras
- Bluewater Energy Services
- MISC Berhad
- Hanwha Ocean
- Technip Energies
Group 3: Emerging and niche players
- Seatrium
- Samsung Heavy Industries
- Wison Offshore and Marine
- Sevan SSP
- Lamprell
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the floating production storage and offloading market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 5.5% is calculated from the resulting values.
The market is divided by contract type, by water depth, by storage capacity, by mooring, by client type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the floating production storage and offloading market?
The global floating production storage and offloading market is estimated at USD 18.0 bn in 2025 and USD 18.9 bn in 2026.
How fast will the floating production storage and offloading market grow?
It is forecast to reach USD 32.3 bn by 2036, a compound annual growth rate of 5.5% from 2026, an increase of USD 13.4 bn.
Which country is the largest market for floating production storage and offloading?
Brazil is the largest market by revenue at USD 5.3 bn in 2026, 28.0% of the global total. The three largest countries together hold 45.0%.
Which country is growing fastest?
Among the ten largest markets, Guyana is growing fastest at 8.8% a year from 2026 to 2036.
Which floating production storage and offloading segment is largest?
In the by contract type split, Lease and operate is the largest segment with 62.0% of 2026 revenue.
Who are the leading floating production storage and offloading companies?
Global leaders include SBM Offshore, MODEC, BW Offshore, Yinson.
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