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Global Process Plant Equipment Market in Downstream Oil and Gas Industry 2016-2020

Global Process Plant Equipment Market in Downstream Oil and Gas Industry 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.

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Process Plant Equipment in Downstream Oil and Gas Industry 2016-2020

Technavio recognizes the following companies as the key players in the global process plant equipment in downstream oil and gas industry: Fluor, Hyundai Engineering, Saipem, Samsung Engineering, and Technip.

Other Prominent Vendors in the market are: Bechtel, CB&I¸ Jacobs, KBR, Larsen & Toubro¸ NPCC¸ Petrofac¸ SK Engineering & Construction, Technicas Reunidas, and Worley Parsons.

Commenting on the report, an analyst from Technavio’s team said: “The players in the oil refining industry have started increasing their operations in other countries, especially in countries that present greater demand for petrochemical and refined products. A prominent example of this would be the plans of Saudi Aramco to increase its footprint in the upcoming fuel demand centers in Asia. The company is analyzing the countries where it wants to set its refineries. The countries under consideration are China, Indonesia, Malaysia, Vietnam, and India. Rather than expanding its refinery capacity in Saudi Arabia itself, it plans to construct more refineries in demand centers in Asia in a bid to expand its refining margins. It already has a refinery in JV with Exxon and China Petroleum and Chemical Corp. in China's Fujian province. It is talks with CNPC to set up more refineries in the country. Many other prominent companies are expected to follow such a strategy to increase their market shares in upcoming demand centers. This trend is expected to become more prominent in the medium to long-term future and would boost the process plant equipment market accordingly.”

According to the report, increase in complexity index of refineries will be a key driver for market growth. Refineries in the US are generally highly complex. However, following the advent of light tight oil and condensates, refiners in the US have set up splitters to enable the separation of the light and heavy distillates. As a result, capacity additions in this region primarily consist of upgradation of old refineries, rather than the construction of new refineries. Upgradation activities across countries is resulting in higher demand for process plant equipment, thereby driving the market during the forecast period.

Further, the report states that the growth of the refining industry in any country is predicated on the political stability in that nation. Political instability has become a major challenge in countries dealing with riots and terrorism. Such instability increases the risks associated with the safe operation of an oil refinery. Investors are wary of investing in such countries where regulations are susceptible to change. In addition, the threat of misuse of refining operations by anti-social elements forces companies to suspend operations.

Companies Mentioned

Fluor, Hyundai Engineering, Saipem, Samsung Engineering, Technip, Bechtel, CB&I¸ Jacobs, KBR, Larsen & Toubro¸ NPCC¸ Petrofac¸ SK Engineering & Construction, Technicas Reunidas, and Worley Parsons.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Key assumptions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Refining overview
    • Lifecycle assessment of refinery construction
      • Table Typical timeline of refinery construction activities
  • Downstream oil and gas industry analysis
  • Market landscape
    • Market overview
      • Table Overview of global process plant equipment in downstream oil and gas industry
    • Market size and forecast
      • Table Global process plant equipment in downstream oil and gas industry 2016-2020 ($ billions)
    • Five forces analysis
  • Market segmentation by type
    • Process plant equipment in oil and gas industry by type 2015
      • Table Segmentation of process plant equipment in oil and gas industry by type, 2015
    • Process plant equipment in oil and gas industry by type 2020
      • Table Segmentation of process plant equipment in oil and gas industry by type 2020
    • Process plant equipment in oil and gas industry by type 2015-2020
      • Table Global process plant equipment in oil and gas industry by type 2015-2020
    • Plant equipment in oil and gas industry 2015-2020
      • Table Plant equipment sales 2015-2020 ($ billions)
    • Piping in oil and gas industry 2015-2020
      • Table Piping sales in oil and gas industry 2015-2020 ($ billions)
    • Boilers in oil and gas industry 2015-2020
      • Table Boiler sales in oil and gas industry 2015-2020 ($ billions)
    • Valves in oil and gas industry 2015-2020
      • Table Valve sales in oil and gas industry 2015-2020 ($ billions)
  • Geographical segmentation
    • Process plant equipment in downstream oil and gas industry by geography 2015
      • Table Process plant equipment in downstream oil and gas industry by geography 2015
    • Process plant equipment in downstream oil and gas industry by geography 2020
      • Table Process plant equipment in downstream oil and gas industry by geography 2020
    • Process plant equipment in downstream oil and gas industry by geography 2015-2020
      • Table Process plant equipment in downstream oil and gas industry by geography 2015-2020
    • Process plant equipment in downstream oil and gas industry in APAC 2015-2020
      • Table Process plant equipment in downstream oil and gas industry in APAC, 2015-2020
      • Table Refining capacity addition during 2015-2020 in APAC (in mb/d)
      • Table Expected annual real GDP growth rates (% per annum) in APAC countries 2015-2020
    • Process plant equipment in downstream oil and gas industry in Americas 2015-2020
      • Table Process plant equipment in downstream oil and gas industry in Americas 2015-2020 ($ billions)
      • Table Annual real GDP growth rate (% per annum)
    • Process plant equipment in downstream oil and gas industry by Europe 2015-2020
      • Table Process plant equipment in downstream oil and gas industry in Europe 2015-2020 ($ billions)
      • Table Annual real GDP growth rate (% per annum) in Europe
    • Process plant equipment in downstream oil and gas industry in MEA 2015-2020
      • Table Process plant equipment in downstream oil and gas industry in MEA 2015-2020 ($ billions)
      • Table Annual real GDP growth rate (% per annum) in MEA
  • Market drivers
    • Increase in complexity index of refineries
    • Higher demand for refined products
      • Table Oil demand from various sectors (in mboe/d)
      • Table Number of passenger cars forecast 2014, 2015, and 2020 (in millions)
      • Table Number of commercial vehicles forecast 2014, 2015, and 2020 (in millions)
    • Increase in new refinery construction across Asia and Middle Eastern countries
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Overcapacity of refineries in developed countries
    • Competition from renewable fuels resulting in a decrease in market share of refined oil products
      • Table World primary energy demand forecast (in mboe/d)
    • Unstable regulatory environment in African countries
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Mixed impact: greater refining margins marked with delays in refining investments
    • Stricter regulations related to fuel specifications
      • Table Evolution of EU fuel specifications (NOx) for passenger cars
    • NOCs keen to set up refineries in demand growth centers
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Fluor
      • Table Business segmentation by revenue 2015
      • Table Geographical segmentation by revenue 2015
      • Table Revenue and segment profit for oil and gas segment by 2014 and 2015 ($ millions)
      • Table Key news
    • Hyundai Engineering
      • Table Business segmentation by revenue 2015
      • Table Gross margin of business segments in percentage
      • Table Key projects of Hyundai Engineering
      • Table Key news
    • Saipem
      • Table Experience of Saipem in refining industry
      • Table Key projects
      • Table List of projects being executed by Saipem
      • Table Key news
    • Samsung Engineering
      • Table Business portfolio
      • Table Order backlog breakdown of business segments by percentage
      • Table Order backlog breakdown by region
      • Table Key projects
      • Table Key news
    • Technip
      • Table Business segmentation by revenue 2015
      • Table Turnkey projects
      • Table Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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