Oil and Gas Refinery Maintenance Services Market by Type and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44762
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The oil and gas refinery maintenance services market size has the potential to grow by USD 521.13 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (turnaround and maintenance and repair) and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group.

Market Overview

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Market Competitive Analysis

The market is fragmented. Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group are some of the major market participants. Factors such as surging demand for refined fuel will offer immense growth opportunities. However, fluctuations in crude oil prices may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this oil and gas refinery maintenance services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this oil and gas refinery maintenance services market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Aegion Corp.
  • Aptim Corp.
  • Chiyoda Corp.
  • Envent Corp.
  • Fluor Corp.
  • John Wood Group Plc
  • KBR Inc.
  • Saipem Spa
  • Sunergon
  • Turner Industries Group

 

Oil and Gas Refinery Maintenance Services Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The adoption of modular mini refineries will significantly influence oil and gas refinery maintenance services market's growth in this region.

40% of the market’s growth will originate from APAC during the forecast period. China, India, South Korea (Republic of Korea), and Japan are the key markets for oil and gas refinery maintenance services in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the oil and gas refinery maintenance services market size.

Oil and Gas Refinery Maintenance Services Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive oil and gas refinery maintenance services market growth during the next five years
  • Precise estimation of the oil and gas refinery maintenance services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the oil and gas refinery maintenance services industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of oil and gas refinery maintenance services market vendors

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Oil And Gas Refinery Maintenance Services Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2020-2024

USD 521.13 million

Market structure

Fragmented

YoY growth (%)

1.37

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

US, China, Russian Federation, India, Saudi Arabia, South Korea (Republic of Korea), and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, and Turner Industries Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

      Market Sizing

        Five Forces Analysis

          Market Segmentation by Product

            Customer Landscape

              Geographic Landscape

                Vendor Landscape

                  Vendor Analysis

                    Appendix

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                      Research Framework

                      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                      TechnavioINFORMATION SOURCES

                      Primary sources

                      • Manufacturers and suppliers
                      • Channel partners
                      • Industry experts
                      • Strategic decision makers

                      Secondary sources

                      • Industry journals and periodicals
                      • Government data
                      • Financial reports of key industry players
                      • Historical data
                      • Press releases
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                      TechnavioDATA ANALYSIS

                      Data Synthesis

                      • Collation of data
                      • Estimation of key figures
                      • Analysis of derived insights

                      Data Validation

                      • Triangulation with data models
                      • Reference against proprietary databases
                      • Corroboration with industry experts
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                      TechnavioREPORT WRITING

                      Qualitative

                      • Market drivers
                      • Market challenges
                      • Market trends
                      • Five forces analysis

                      Quantitative

                      • Market size and forecast
                      • Market segmentation
                      • Geographical insights
                      • Competitive landscape
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                      The oil and gas refinery maintenance services market market growth will increase by $521.13 million during 2019-2024.
                      The oil and gas refinery maintenance services market market is expected to grow at a CAGR of 2.91% during 2019-2024.
                      Technavio has segmented the oil and gas refinery maintenance services market market by type (Turnaround and Maintenance and repair) and geographic (APAC, Europe, North America, MEA, and South America).
                      Aegion Corp., Aptim Corp., Chiyoda Corp., Envent Corp., Fluor Corp., John Wood Group Plc, KBR Inc., Saipem Spa, Sunergon, Turner Industries Group are a few of the key vendors in the oil and gas refinery maintenance services market market.
                      APAC will register the highest growth rate of 40.16% among the other regions. Therefore, the oil and gas refinery maintenance services market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                      • US
                      • China
                      • Russian Federation
                      • India
                      • Saudi Arabia
                      • South Korea (Republic of Korea)
                      • Japan
                      The key factors driving the oil and gas refinery maintenance services market market growth are:
                      • Surging demand for refined fuel
                      • Adoption of modular mini refineries
                      The oil and gas refinery maintenance services market market vendors should focus on grabbing business opportunities from the turnaround segment as it accounted for the largest market share in the base year.
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