Albany, NY -- (SBWIRE) -- 01/02/2017 -- 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.

The global process plant equipment in downstream oil and gas industry to grow at a CAGR of 1.18% during the period 2016-2020. 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

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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.

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

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

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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