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

08-31-2016 11:54 AM CET | Energy & Environment

Press release from: iData Insights

www.omensol.com

www.omensol.com

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.

For more information, please visit www.omensol.com
or Contact:

Kinshuk Sen
PA to MD
1866 237 2965 | Indian Office: +91 9810 686 321
mark@idatainsights.com
iData Insights OMEN

iData Insights which operates under Precision Research and Consulting Pvt. Ltd. is a marketing research consulting firm. Its efforts help companies to create and improve products and services based on what the market desires. We conduct both primary and secondary research. Our work does not end with research. We provide actionable recommendations and provide our expertise for business success today and tomorrow. It is our goal to be a partner to our clients in the exploration and discovery, and then be their guide in the implementation of changes that will make a difference to their bottom line.

The team of highly trained syndicated research analysts create research reports, newsletters, magazines, directories and online databases which provide customers with broad technical and market trends. Their research and competitive and market intelligence studies provides specific in-depth intelligence to ensure that customers succeed in their undertaking.

iData Insights OMEN
NE Airport Way, 355991
Portland, Oregon, 97230
United States
www.omensol.com

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