World Downstream Maintenance Market Forecast 2017 - Detailed In-depth Study Announcement by iData Insights OMEN

World Downstream Maintenance Market Forecast 2017-2021

The World Downstream Maintenance Market Forecast 2017-2021 analyses the demand for maintenance in two key equipment and service lines: downstream asset services and downstream asset integrity services, and across four facility types: refineries, petrochemical plants, gas processing and LNG.

Leaner Downstream MMO Sector Sees Renewed Activity

The latest view from the downstream asset maintenance market paints a positive outlook for the sector. The industry is emerging from a period of aggressive cost pressure and is now seeing renewed activity. Lower margins are improving asset owner appetite; using downtime to perform downstream maintenance activity that may have been deferred previously.

The World Downstream Maintenance Market Forecast 2017-2021 combines a ‘bottom-up’ (facility-by-facility) view of the sector with extensive industry interviews to give a granular and realistic appraisal of current and expected activity.

Between 2017 and 2021, global downstream asset maintenance spend is expected to total $336 billion (bn), an increase of 7% when compared to the previous five-year period. In 2016, expenditure will total $59bn for the world’s global downstream asset population of approximately 14,000 facilities. Driving this spend is an ageing existing asset population and a number of new installations – both greenfield developments and brownfield expansion projects.

By sector, Asset Services accounts for the majority of expenditure, 72%, with Asset Integrity making up the remaining 28%. North America and Asia dominate global expenditure, with 34% and 28% of spend over the forecast period respectively.

The World Downstream Maintenance Market Forecast 2017-2021 analyses the demand for maintenance across eight key equipment and service lines within downstream asset services and downstream asset integrity services, and across four facility types: refineries, petrochemical plants, gas processing and LNG.

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Kinshuk Sen
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mark@idatainsights.com
iData Insights OMEN

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This release was published on openPR.