Global Process Plant Equipment In Downstream Oil And Gas Industry To Grow At A CAGR Of 1.18% During 2016-2020

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.

Technavios 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.

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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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This release was published on openPR.