| Product Code: ETC12173143 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of floating rigs to Cyprus in 2024 saw significant growth, with top exporting countries being Greece, UK, Metropolitan France, Norway, and Canada. The market concentration, as measured by the HHI, remained at a high level in 2024, indicating a competitive market. The impressive compound annual growth rate (CAGR) of 25.72% from 2020 to 2024 highlights the increasing demand for floating rigs in Cyprus. Furthermore, the remarkable growth rate of 66.26% from 2023 to 2024 suggests a booming market for floating rigs in the region.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Floating Rigs Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Floating Rigs Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Floating Rigs Market - Industry Life Cycle |
3.4 Cyprus Floating Rigs Market - Porter's Five Forces |
3.5 Cyprus Floating Rigs Market Revenues & Volume Share, By Rig Type, 2021 & 2031F |
3.6 Cyprus Floating Rigs Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Cyprus Floating Rigs Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Cyprus Floating Rigs Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cyprus Floating Rigs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Floating Rigs Market Trends |
6 Cyprus Floating Rigs Market, By Types |
6.1 Cyprus Floating Rigs Market, By Rig Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Floating Rigs Market Revenues & Volume, By Rig Type, 2021 - 2031F |
6.1.3 Cyprus Floating Rigs Market Revenues & Volume, By Floating Production Storage and Offloading Units, 2021 - 2031F |
6.1.4 Cyprus Floating Rigs Market Revenues & Volume, By Semi-Submersible Floating Rigs, 2021 - 2031F |
6.1.5 Cyprus Floating Rigs Market Revenues & Volume, By Drillships, 2021 - 2031F |
6.1.6 Cyprus Floating Rigs Market Revenues & Volume, By Floating Drilling Rigs, 2021 - 2031F |
6.2 Cyprus Floating Rigs Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Floating Rigs Market Revenues & Volume, By Offshore Oil & Gas Extraction, 2021 - 2031F |
6.2.3 Cyprus Floating Rigs Market Revenues & Volume, By Deepwater Exploration, 2021 - 2031F |
6.2.4 Cyprus Floating Rigs Market Revenues & Volume, By Offshore Drilling, 2021 - 2031F |
6.2.5 Cyprus Floating Rigs Market Revenues & Volume, By Shallow Water Drilling, 2021 - 2031F |
6.3 Cyprus Floating Rigs Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Floating Rigs Market Revenues & Volume, By Oil Companies, 2021 - 2031F |
6.3.3 Cyprus Floating Rigs Market Revenues & Volume, By Offshore Oil Operators, 2021 - 2031F |
6.3.4 Cyprus Floating Rigs Market Revenues & Volume, By Energy Companies, 2021 - 2031F |
6.3.5 Cyprus Floating Rigs Market Revenues & Volume, By Exploration Companies, 2021 - 2031F |
6.4 Cyprus Floating Rigs Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Floating Rigs Market Revenues & Volume, By FPSO Technology, 2021 - 2031F |
6.4.3 Cyprus Floating Rigs Market Revenues & Volume, By Subsea Technology, 2021 - 2031F |
6.4.4 Cyprus Floating Rigs Market Revenues & Volume, By Dynamic Positioning, 2021 - 2031F |
6.4.5 Cyprus Floating Rigs Market Revenues & Volume, By BOP (Blowout Preventer), 2021 - 2031F |
7 Cyprus Floating Rigs Market Import-Export Trade Statistics |
7.1 Cyprus Floating Rigs Market Export to Major Countries |
7.2 Cyprus Floating Rigs Market Imports from Major Countries |
8 Cyprus Floating Rigs Market Key Performance Indicators |
9 Cyprus Floating Rigs Market - Opportunity Assessment |
9.1 Cyprus Floating Rigs Market Opportunity Assessment, By Rig Type, 2021 & 2031F |
9.2 Cyprus Floating Rigs Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Cyprus Floating Rigs Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Cyprus Floating Rigs Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cyprus Floating Rigs Market - Competitive Landscape |
10.1 Cyprus Floating Rigs Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Floating Rigs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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