About Oil and Gas Industry

The oil and gas industry can be broadly segregated into upstream, midstream, and downstream segments. Upstream refers to the exploration and drilling of oil and gas. Midstream constitutes the transportation of crude oil and natural gas to the refineries. Downstream refers to the refining of crude oil and gas into a pre-defined range of products according to specifications. The relative quantities of the refined products are directly dependent upon the quality of crude used.

Technavio’s analysts forecast the global process plant equipment in downstream oil and gas industry to grow at a CAGR of 1.18% during the period 2016-2020.

Covered in this Report
The report covers the present scenario and the growth prospects of the global process plant equipment in downstream oil and gas industry for 2016-2020. To calculate the market size, the report considers the planned refining capacity and equipment used in refineries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA



Technavio’s report, Global Process Plant Equipment in Downstream Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Fluor
  • Hyundai Engineering
  • Saipem
  • Samsung Engineering
  • Technip



Other Prominent Vendors

  • Bechtel
  • CB&I
  • Jacobs
  • KBR
  • Larsen & Toubro
  • NPCC
  • Petrofac
  • SK Engineering & Construction
  • Technicas Reunidas
  • Worley Parsons



Market Driver

  • Higher demand for refined products
  • For a full, detailed list, view our report



Market Challenge

  • Competition from renewable fuels resulting in a decrease in market share of refined oil products
  • For a full, detailed list, view our report



Market Trend

  • Stricter regulations related to fuel specifications
  • For a full, detailed list, view our report



Key Questions Answered in this Report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?



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Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.