Market Overview:
The global process plant equipment in downstream oil and gas market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into boiler, piping, plant equipment, valve. On the basis of application, the market is segmented into oil industry, natural gas industry chemical other). The North America region dominates this market followed by Europe and Asia Pacific regions respectively.
Product Definition:
Process plant equipment in downstream oil and gas refers to the machinery and equipment used in the processing of crude oil and natural gas. This includes facilities for separating liquids from solids, extracting valuable components such as gasoline and diesel fuel, and producing various types of petrochemicals. The importance of process plant equipment in downstream oil and gas cannot be overstated; it is essential for the production of fuels, lubricants, plastics, fertilizers, and other products that are essential to modern life.
Boiler:
A boiler is an equipment used for the production of steam. The primary function of a boiler is to convert the feedstock (fuel) into water and gases at a high temperature. The resultant products are fed into turbines, which generate electricity to power the plant processes.
The oil & gas industry has been witnessing several technological advancements in recent years, owing to which there has been an increase in exploration activities across various regions globally.
Piping:
Piping is the conveyance of fluid in the form of a stream or flow. It can be natural gas, liquid petroleum gas (LPG), water, synthetic oil, and other liquids. The piping system in a plant is used to transport fluids from one point to another without loss of quality. Piping systems are widely used for crude oil transportation within refineries and between refinery facilities as well as on offshore platforms where there is no easy way to get around the facility except through pipelines.
Application Insights:
The oil industry dominated the global market in 2017, accounting for over 45% of the overall revenue share. The growth can be attributed to increasing demand for crude oil and petroleum products across the globe. Global process plant equipment in downsteam oil and gas market is expected to witness significant growth on account of rising production activities across various countries including Saudi Arabia, Russia, China, U.S., Canada among others which are contributing toward segment growth.
Natural Gas Industry will expand at a CAGR of XX% from 2018 to 2030 owing to growing natural gas production coupled with extensive use as a fuel source globally which is anticipated to propel demand over the forecast period. Growing use of NGLs as an ingredient in chemical manufacturing also provides lucrative opportunities for global manufacturers operating within this sector thereby driving segment expansion further over next seven years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for downstream oil and gas equipment in countries, such as China, India, Vietnam, South Korea, Thailand among others. In addition to this factor; factors such as growing population coupled with rising energy requirements is anticipated to drive the demand for processed petroleum products leading to increased consumption of process plant equipment over the forecast period.
The Middle East & Africa accounted for a significant share in terms of revenue generation owing mainlyto high crude oil production rates across major economies including Nigeria and Iran. However; low investment levels along with lack of proper infrastructure has hampered their growth significantly which will result into lower revenue generation from 2018 till 2030 compared with other regions.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investment in oil and gas production by major exploration and production companies
- Proliferation of new technologies for enhanced oil recovery (EOR) that can help increase production from mature fields
- Growing use of liquefied natural gas (LNG) as a fuel source, especially in transportation sector
- Stringent environmental regulations that promote the use of more efficient process plant equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Plant Equipment in Downstream Oil and Gas Market Research Report
By Type
Boiler, Piping, Plant Equipment, Valve
By Application
Oil Industry, Natural Gas Industry, Chemical, Other
By Companies
Fluor, Hyundai Engineering, Saipem, Samsung Engineering, Technip, Bechtel, McDermott, Jacobs, KBR, Larsen & Toubro, Fluor, Petrofac
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Process Plant Equipment in Downstream Oil and Gas Market Report Segments:
The global Process Plant Equipment in Downstream Oil and Gas market is segmented on the basis of:
Types
Boiler, Piping, Plant Equipment, Valve
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Industry, Natural Gas Industry, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fluor
- Hyundai Engineering
- Saipem
- Samsung Engineering
- Technip
- Bechtel
- McDermott
- Jacobs
- KBR
- Larsen & Toubro
- Fluor
- Petrofac
Highlights of The Process Plant Equipment in Downstream Oil and Gas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Boiler
- Piping
- Plant Equipment
- Valve
- By Application:
- Oil Industry
- Natural Gas Industry
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Process Plant Equipment in Downstream Oil and Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Process plant equipment is used in downstream oil and gas operations to extract crude oil, natural gas, or other hydrocarbons from the ground. This includes everything from wellheads and processing plants to storage tanks and pipelines.
Some of the key players operating in the process plant equipment in downstream oil and gas market are Fluor, Hyundai Engineering, Saipem, Samsung Engineering, Technip, Bechtel, McDermott, Jacobs, KBR, Larsen & Toubro, Fluor, Petrofac.
The process plant equipment in downstream oil and gas market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Process Plant Equipment in Downstream Oil and Gas Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Process Plant Equipment in Downstream Oil and Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Process Plant Equipment in Downstream Oil and Gas Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Process Plant Equipment in Downstream Oil and Gas Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Process Plant Equipment in Downstream Oil and Gas Market Size & Forecast, 2020-2028
4.5.1 Process Plant Equipment in Downstream Oil and Gas Market Size and Y-o-Y Growth
4.5.2 Process Plant Equipment in Downstream Oil and Gas Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Boiler
5.2.2 Piping
5.2.3 Plant Equipment
5.2.4 Valve
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Natural Gas Industry
6.2.3 Chemical
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Process Plant Equipment in Downstream Oil and Gas Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Process Plant Equipment in Downstream Oil and Gas Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Boiler
9.6.2 Piping
9.6.3 Plant Equipment
9.6.4 Valve
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Natural Gas Industry
9.10.3 Chemical
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Boiler
10.6.2 Piping
10.6.3 Plant Equipment
10.6.4 Valve
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Natural Gas Industry
10.10.3 Chemical
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Boiler
11.6.2 Piping
11.6.3 Plant Equipment
11.6.4 Valve
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Natural Gas Industry
11.10.3 Chemical
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Boiler
12.6.2 Piping
12.6.3 Plant Equipment
12.6.4 Valve
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Natural Gas Industry
12.10.3 Chemical
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Boiler
13.6.2 Piping
13.6.3 Plant Equipment
13.6.4 Valve
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Natural Gas Industry
13.10.3 Chemical
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Process Plant Equipment in Downstream Oil and Gas Market: Competitive Dashboard
14.2 Global Process Plant Equipment in Downstream Oil and Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fluor
14.3.2 Hyundai Engineering
14.3.3 Saipem
14.3.4 Samsung Engineering
14.3.5 Technip
14.3.6 Bechtel
14.3.7 McDermott
14.3.8 Jacobs
14.3.9 KBR
14.3.10 Larsen & Toubro
14.3.11 Fluor
14.3.12 Petrofac
