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Worldwide Process Plant Equipment Market in Downstream Oil and Gas Industry 2016 Trend, Analysis and Overview

Friday, January 6, 2017 3:01
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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.

Publisher’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.

For more information about this report:          

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
- Europe

Publisher’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


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Other prominent vendors 
- Bechtel
- CB&I
- Jacobs
- Larsen & Toubro
- 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 

Inquire for Report at  

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