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
