Top 5 Suppliers in Global Downstream Oil & Gas Industry Process Plant Equipment Market 2016-2020: Technavio


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LONDON–(COMMERCIAL THREAD) –Technavio
announced the top five suppliers in their recent Global Downstream Oil & Gas Industry Process Plant Equipment Market
report through 2020. This research report also lists 10 other top vendors expected to impact the market during the forecast period.

Global downstream oil and gas industry processing plant equipment accounted for 54.75% of the market in 2015 and is expected to maintain its dominance at 59.19% by 2020.

The processing plant equipment in the downstream oil and gas industry is governed by two types of equipment sales. The first concerns greenfield projects, which refer to the construction of new refineries. Equipment sales for an entirely new project are between $ 1.9 billion and $ 3.9 billion.

The second type of equipment sale concerns the modernization of refineries to increase their complexity index. This is the addition of secondary processing units such as hydrocrackers, hydrotreaters, catalytic reformers, amine processing units and visbreakers.

Competitive landscape of suppliers

Processing plant equipment in downstream refining industry is typically supplied by engineering, procurement and construction (EPC) players under fixed price contracts. As these units of equipment are highly technology driven and require precision in their manufacture and commissioning, they are usually supplied by major EPC suppliers who specialize in building refineries from the local level as well as in modernization of factories by attaching specific units for secondary treatment. The overall competition in this market is quite intense with several major players in the market. A key feature of this industry is that it is dominated by large multinational companies that have extensive experience in construction
not only refineries, but also other critical areas such as petrochemical units, upstream exploration units, gasification units and LNG terminals.

Sayani Roy, industry expert at Technavio for research on oil and gas, says, “A key trend in recent refinery construction is to build the plant off-site in modules and fabricate the structure on-site. EPC companies do not have to manufacture the entire installation themselves. Sometimes the vendors prefer to outsource the manufacturing of the components to actors with good manufacturing capabilities while it acts as the management company itself. For example, Saipem
upon completion of a hydrocracking project in which 23 very large modules were subcontracted to a contractor in Abu Dhabi, United Arab Emirates.

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Top Five Suppliers of Downstream Oil and Gas Industry Process Plant Equipment Market

Fluorine

Fluor is a Fortune 500 company, which is involved in integrated engineering, construction, manufacturing, maintenance and project management solutions for the private and government sectors. It provides integrated EPFC maintenance and project management solutions to its customers around the world.

The company offers EPC, commissioning, maintenance and project management services worldwide. The company provides global processing plant equipment in the oil and gas industry through its showcase segment (oil and gas).

Hyundai Engineering

Hyundai Engineering offers engineering, industrial, electrical and architectural services. The company builds roads, industrial plants, dams, bridges, ports, cultural facilities and apartment complexes.

Hyundai Engineering’s business portfolio includes processing plants, power plants and energy
factories, construction works, infrastructure and the environment, and housing works. It serves a wide range of key end markets, such as oil and gas, chemicals and fertilizers, petrochemicals, offshore installations, LNG installations and refineries.

Saipem

Saipem is involved in engineering and project management services. It offers engineering, procurement, construction and installation services for pipelines, onshore and offshore in the oil and gas industry.

The company offers EPC services for a wide range of offshore subsea construction projects. Some of the projects undertaken by Saipem include the Gas Desulfurization Project, Phases 4 and 5 of South Pars Gas Field Development, and Phases 2 and 3 of South Pars Gas Field Development.

Samsung Engineering

Samsung Engineering offers a wide range of engineering services such as upstream and downstream hydrocarbon facilities, water and waste treatment plants, industrial production facilities, power plants and management services. project on national and international markets.

Samsung Engineering has been involved in the construction of base refineries, heavy oil upgrading plants, aromatics plants and clean fuel plants. The company has partnered with various state oil companies such as Saudi Aramco from Saudi Arabia, Sonatrach from Algeria and ADNOC from United Arab Emirates.

The company recently signed a contract to build the world’s largest aromatics plant and single-handedly provide U&O management of a $ 10 billion refinery complex in the United Arab Emirates.

Technip

Technip is mainly involved in engineering, procurement and construction services for subsea facilities. It provides underwater engineering and construction services (such as deep water installation and construction, welding services, heavy lifting services, inspection, maintenance and repair, and ROV services. ).

The company also offers the design, manufacture and supply of umbilical systems which include steel tubes, electrical assemblies, hydraulic fittings, and electrical connectors.

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About Technavio

Technavio
is one of the world’s leading technology research and consulting companies. The company develops more than 2,000 research projects each year, covering more than 500 technologies in 80 countries. Technavio has approximately 300 analysts around the world who specialize in personalized consulting and business research assignments on the latest cutting-edge technologies.

Technavio analysts use primary and secondary research techniques to determine the size and landscape of vendors in a range of markets. Analysts obtain insights using a combination of bottom-up and top-down approaches, in addition to using internal market modeling tools and proprietary databases. They corroborate this data with data obtained from various market players and stakeholders throughout the value chain, including vendors, service providers, distributors, resellers and end users.

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Leon E. Hill

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