Refinery Service and Maintenance Market – Global Industry Analysis and Forecast 2021-2027

Refinery Service and Maintenance Market was valued at US$ 461.22 Mn in 2020 and is expected to reach US$ 571.11 Mn by 2027, at a CAGR of around 3.1 % during the forecast period.Global Refinery Service and Maintenance MarketTo know about the Research Methodology :- Request Free Sample Report Refinery service and maintenance includes all the activities that are undertaken to maintain refineries in good operational condition. It includes servicing and maintenance of all refinery parts like reactors, columns, pipes, heat exchangers, electrical units, rotary equipment, and various instruments. The contracted companies for the maintenance and service does the cleaning, inspection, testing, replacing and repairing of the components to maintain the functionality and reliability of the components. The report covers the detailed analysis Global Refinery Service and Maintenance Market with the classifications of the market on the type, refinery size and region. Analysis of past market dynamics from 2016 to 2020 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it. The report has profiled ten key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. Major country’s policies about maintenance and its impact on Refinery Service and Maintenance Market demand is covered in the report.

Global Refinery Service and Maintenance Market Dynamics-

Growing a number of offshore exploration and production activities is the driving factor for the growth of the Global Refinery Service and Maintenance Market. Exploration and production activities include the searching, exploring, drilling, and extraction phases of the oil and gas industry. With the increased demand for fuel and power generation, offshore oil and gas exploration activities have increased. For safe operation and continuity of these activities service and maintenance of refinery, components are important. Need for improvement of the operational and equipment efficiency are the factors contributing to the growth of the Global Refinery Service and Maintenance Market. Refineries are focusing on lowering the operating expenses by improving asset reliability from the equipment. Strict environmental rules and regulations to control harmful emissions and release of liquid pollutants have made it important to maintain and carry out proper maintenance and servicing of the refinery components.

Global Refinery Service and Maintenance Market Segment analysis-

The report groups the Global Refinery Service and Maintenance Market in different segments by type, by refinery size, and by region to forecast the revenues and analyse the market share of each segment over the forecast period.   Based on the type, the maintenance segment was dominant in 2020 and is expected to command the market share of xx% by 2027.Maintenance is the routine scheduled practice carried out regularly on refinery components. Maintenance can be predictive, preventive, and corrective depending on the refinery conditions. The occurrence of the defect and scheduled maintenance on regular basis, has contributed to the growth of the maintenance segment. Turnaround is the repair done after the completion of the process, which mainly includes the replacement of the whole component or the part. Based on refinery size, the medium size refinery service and maintenance market is expected to grow at xx% by 2027, which is the fastest among other sub-segments. The medium size refineries range between 100,001 barrels per day and 200,000 barrels per day capacity. The maintenance and service requirement of this segment is more, which is driving the growth of the Global Refinery Service and Maintenance Market.

Global Refinery Service and Maintenance Market Regional Insights-

  MEA is expected to command largest market share of xx% by 2027 In MEA because of increasing demand for resources and energy, the offshore exploration, and production activities by oil and gas industry has increased, which is contributing to the growth of the Global Refinery Service and Maintenance Market. Although the plants are remote, the industry anticipates that their low manufacturing costs will permit them to enter the global market. An analysis of transportation costs and potential markets indicates that finished products from newly constructed Middle East refineries will go to Western Europe, which will also act as the driving factor for the growth of the market. APAC is expected to command market share of xx% by 2027 Increase in number of oil and gas refineries because of the increasing need for energy and power generation are the main driving factors for offshore exploration and production activities. Developing and developed economies in APAC like China and India, because of increasing population, industrialization, and urbanization the need for energy and power has also increased, which is contributing to the growth of the number of oil and gas refineries. Increasing oil and gas platforms in APAC are expected to boost the Global Refinery Service and Maintenance Market demand in the region. China, India and South Korea are considered key markets for oil and gas refinery service and maintenance in APAC. As crude oil prices in Europe are increasing, companies are increasing their expenditure in the oil & gas sector across various stages. Government and private sector investment in the oil and gas industry is also increasing due to the growing demand for fuel for power generation, which is boosting the growth of Global Refinery Service and Maintenance Market. The objective of the report is to present a comprehensive analysis of the Global Refinery Service and Maintenance Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Refinery Service and Maintenance Market dynamics, structure by analyzing the market segments and project the Global Refinery Service and Maintenance Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Refinery Service and Maintenance Market make the report investor’s guide.

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Global Refinery Service and Maintenance Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 461.22 Mn.
Forecast Period 2021 to 2027 CAGR: 3.1 % Market Size in 2027: US $ 571.11 Mn.
Segments Covered: by type • Turnaround • Maintenance
by refinery size • Small scale • Medium scale • Large scale

Global Refinery Service and Maintenance Market, by region

• North America • Europe • Asia Pacific • Middle East & Africa • South America

Key players operating in Global Refinery Service and Maintenance Market

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

Global Refinery Service and Maintenance Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Refinery Service and Maintenance Market Size, By Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Refinery Service and Maintenance Market Analysis and Forecast 6.1. Global Refinery Service and Maintenance Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Refinery Service and Maintenance Market Analysis and Forecast, By type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Refinery Service and Maintenance Market Value Share Analysis, By type 7.4. Global Refinery Service and Maintenance Market Size (US$ Mn) Forecast, By type 7.5. Global Refinery Service and Maintenance Market Analysis, By type 7.6. Global Refinery Service and Maintenance Market Attractiveness Analysis, By type 8. Global Refinery Service and Maintenance Market Analysis and Forecast, By refinery size 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 8.4. Global Refinery Service and Maintenance Market Size (US$ Mn) Forecast, By refinery size 8.5. Global Refinery Service and Maintenance Market Analysis, By refinery size 8.6. Global Refinery Service and Maintenance Market Attractiveness Analysis, By refinery size 9. Global Refinery Service and Maintenance Market Analysis, By Region 9.1. Global Refinery Service and Maintenance Market Value Share Analysis, By Region 9.2. Global Refinery Service and Maintenance Market Size (US$ Mn) Forecast, By Region 9.3. Global Refinery Service and Maintenance Market Attractiveness Analysis, By Region 10. North America Global Refinery Service and Maintenance Market Analysis 10.1. Key Findings 10.2. North America Global Refinery Service and Maintenance Market Overview 10.3. North America Global Refinery Service and Maintenance Market Value Share Analysis, By type 10.4. North America Global Refinery Service and Maintenance Market Forecast, By type 10.4.1. Turnaround 10.4.2. Maintenance 10.5. North America Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 10.6. North America Global Refinery Service and Maintenance Market Forecast, By refinery size 10.6.1. Small scale 10.6.2. Medium scale 10.6.3. Large scale 10.7. North America Global Refinery Service and Maintenance Market Value Share Analysis, By Country 10.8. North America Global Refinery Service and Maintenance Market Forecast, By Country 10.8.1. U.S. 10.8.2. Canada 10.8.3. Mexico 10.9. North America Global Refinery Service and Maintenance Market Analysis, By Country 10.10. U.S. Global Refinery Service and Maintenance Market Forecast, By type 10.10.1. Turnaround 10.10.2. Maintenance 10.11. U.S. Global Refinery Service and Maintenance Market Forecast, By refinery size 10.11.1. Small scale 10.11.2. Medium scale 10.11.3. Large scale 10.12. Canada Global Refinery Service and Maintenance Market Forecast, By type 10.12.1. Turnaround 10.12.2. Maintenance 10.13. Canada Global Refinery Service and Maintenance Market Forecast, By refinery size 10.13.1. Small scale 10.13.2. Medium scale 10.13.3. Large scale 10.14. Mexico Global Refinery Service and Maintenance Market Forecast, By type 10.14.1. Turnaround 10.14.2. Maintenance 10.15. Mexico Global Refinery Service and Maintenance Market Forecast, By refinery size 10.15.1. Small scale 10.15.2. Medium scale 10.15.3. Large scale 10.16. North America Global Refinery Service and Maintenance Market Attractiveness Analysis 10.16.1. By type 10.16.2. By refinery size 10.17. PEST Analysis 10.18. Key Trends 10.19. Key Developments 11. Europe Global Refinery Service and Maintenance Market Analysis 11.1. Key Findings 11.2. Europe Global Refinery Service and Maintenance Market Overview 11.3. Europe Global Refinery Service and Maintenance Market Value Share Analysis, By type 11.4. Europe Global Refinery Service and Maintenance Market Forecast, By type 11.4.1. Turnaround 11.4.2. Maintenance 11.5. Europe Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 11.6. Europe Global Refinery Service and Maintenance Market Forecast, By refinery size 11.6.1. Small scale 11.6.2. Medium scale 11.6.3. Large scale 11.7. Europe Global Refinery Service and Maintenance Market Value Share Analysis, By Country 11.8. Europe Global Refinery Service and Maintenance Market Forecast, By Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Sweden 11.8.7. CIS countries 11.8.8. Rest of Europe 11.9. Germany Global Refinery Service and Maintenance Market Forecast, By type 11.9.1. Turnaround 11.9.2. Maintenance 11.10. Germany Global Refinery Service and Maintenance Market Forecast, By refinery size 11.10.1. Small scale 11.10.2. Medium scale 11.10.3. Large scale 11.11. U.K. Global Refinery Service and Maintenance Market Forecast, By type 11.11.1. Turnaround 11.11.2. Maintenance 11.12. U.K. Global Refinery Service and Maintenance Market Forecast, By refinery size 11.12.1. Small scale 11.12.2. Medium scale 11.12.3. Large scale 11.13. France Global Refinery Service and Maintenance Market Forecast, By type 11.13.1. Turnaround 11.13.2. Maintenance 11.14. France Global Refinery Service and Maintenance Market Forecast, By refinery size 11.14.1. Small scale 11.14.2. Medium scale 11.14.3. Large scale 11.15. Italy Global Refinery Service and Maintenance Market Forecast, By type 11.15.1. Turnaround 11.15.2. Maintenance 11.16. Italy Global Refinery Service and Maintenance Market Forecast, By refinery size 11.16.1. Small scale 11.16.2. Medium scale 11.16.3. Large scale 11.17. Spain Global Refinery Service and Maintenance Market Forecast, By type 11.17.1. Turnaround 11.17.2. Maintenance 11.18. Spain Global Refinery Service and Maintenance Market Forecast, By refinery size 11.18.1. Small scale 11.18.2. Medium scale 11.18.3. Large scale 11.19. Sweden Global Refinery Service and Maintenance Market Forecast, By type 11.19.1. Turnaround 11.19.2. Maintenance 11.20. Sweden Global Refinery Service and Maintenance Market Forecast, By refinery size 11.20.1. Small scale 11.20.2. Medium scale 11.20.3. Large scale 11.21. CIS countries Global Refinery Service and Maintenance Market Forecast, By type 11.21.1. Turnaround 11.21.2. Maintenance 11.22. CIS countries Global Refinery Service and Maintenance Market Forecast, By refinery size 11.22.1. Small scale 11.22.2. Medium scale 11.22.3. Large scale 11.23. Rest of Europe Global Refinery Service and Maintenance Market Forecast, By type 11.23.1. Turnaround 11.23.2. Maintenance 11.24. Rest of Europe Global Refinery Service and Maintenance Market Forecast, By refinery size 11.24.1. Small scale 11.24.2. Medium scale 11.24.3. Large scale 11.25. Europe Global Refinery Service and Maintenance Market Attractiveness Analysis 11.25.1. By refinery size 11.25.2. By type 11.26. PEST Analysis 11.27. Key Trends 11.28. Key Developments 12. Asia Pacific Global Refinery Service and Maintenance Market Analysis 12.1. Key Findings 12.2. Asia Pacific Global Refinery Service and Maintenance Market Overview 12.3. Asia Pacific Global Refinery Service and Maintenance Market Value Share Analysis, By type 12.4. Asia Pacific Global Refinery Service and Maintenance Market Forecast, By type 12.4.1. Turnaround 12.4.2. Maintenance 12.5. Asia Pacific Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 12.6. Asia Pacific Global Refinery Service and Maintenance Market Forecast, By refinery size 12.6.1. Small scale 12.6.2. Medium scale 12.6.3. Large scale 12.7. Asia Pacific Global Refinery Service and Maintenance Market Value Share Analysis, By Country 12.8. Asia Pacific Global Refinery Service and Maintenance Market Forecast, By Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. ASEAN 12.8.7. Rest of Asia Pacific 12.9. Asia Pacific Global Refinery Service and Maintenance Market Analysis, By Country 12.10. China Global Refinery Service and Maintenance Market Forecast, By type 12.10.1. Turnaround 12.10.2. Maintenance 12.11. China Global Refinery Service and Maintenance Market Forecast, By refinery size 12.11.1. Small scale 12.11.2. Medium scale 12.11.3. Large scale 12.12. India Global Refinery Service and Maintenance Market Forecast, By type 12.12.1. Turnaround 12.12.2. Maintenance 12.13. India Global Refinery Service and Maintenance Market Forecast, By refinery size 12.13.1. Small scale 12.13.2. Medium scale 12.13.3. Large scale 12.14. Japan Global Refinery Service and Maintenance Market Forecast, By type 12.14.1. Turnaround 12.14.2. Maintenance 12.15. Japan Global Refinery Service and Maintenance Market Forecast, By refinery size 12.15.1. Small scale 12.15.2. Medium scale 12.15.3. Large scale 12.16. South Korea Global Refinery Service and Maintenance Market Forecast, By type 12.16.1. Turnaround 12.16.2. Maintenance 12.17. South Korea Global Refinery Service and Maintenance Market Forecast, By refinery size 12.17.1. Small scale 12.17.2. Medium scale 12.17.3. Large scale 12.18. Australia Global Refinery Service and Maintenance Market Forecast, By type 12.18.1. Turnaround 12.18.2. Maintenance 12.19. Australia Global Refinery Service and Maintenance Market Forecast, By refinery size 12.19.1. Small scale 12.19.2. Medium scale 12.19.3. Large scale 12.20. ASEAN Global Refinery Service and Maintenance Market Forecast, By type 12.20.1. Turnaround 12.20.2. Maintenance 12.21. ASEAN Global Refinery Service and Maintenance Market Forecast, By refinery size 12.21.1. Small scale 12.21.2. Medium scale 12.21.3. Large scale 12.22. Rest of Asia Pacific Global Refinery Service and Maintenance Market Forecast, By type 12.22.1. Turnaround 12.22.2. Maintenance 12.23. Rest of Asia Pacific Global Refinery Service and Maintenance Market Forecast, By refinery size 12.23.1. Small scale 12.23.2. Medium scale 12.23.3. Large scale 12.24. Asia Pacific Global Refinery Service and Maintenance Market Attractiveness Analysis 12.24.1. By type 12.24.2. By refinery size 12.25. PEST Analysis 12.26. Key Trends 12.27. Key Developments 13. Middle East & Africa Global Refinery Service and Maintenance Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Global Refinery Service and Maintenance Market Overview 13.3. Middle East & Africa Global Refinery Service and Maintenance Market Value Share Analysis, By type 13.4. Middle East & Africa Global Refinery Service and Maintenance Market Forecast, By type 13.4.1. Turnaround 13.4.2. Maintenance 13.5. Middle East & Africa Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 13.6. Middle East & Africa Global Refinery Service and Maintenance Market Forecast, By refinery size 13.6.1. Small scale 13.6.2. Medium scale 13.6.3. Large scale 13.7. Middle East & Africa Global Refinery Service and Maintenance Market Value Share Analysis, By Country 13.8. Middle East & Africa Global Refinery Service and Maintenance Market Forecast, By Country 13.8.1. GCC Countries 13.8.2. South Africa 13.8.3. Nigeria 13.8.4. Egypt 13.8.5. Rest of Middle East & Africa 13.9. Middle East & Africa Global Refinery Service and Maintenance Market Analysis, By Country 13.10. GCC Countries Global Refinery Service and Maintenance Market Forecast, By type 13.10.1. Turnaround 13.10.2. Maintenance 13.11. GCC Countries Global Refinery Service and Maintenance Market Forecast, By refinery size 13.11.1. Small scale 13.11.2. Medium scale 13.11.3. Large scale 13.12. South Africa Global Refinery Service and Maintenance Market Forecast, By type 13.12.1. Turnaround 13.12.2. Maintenance 13.13. South Africa Global Refinery Service and Maintenance Market Forecast, By refinery size 13.13.1. Small scale 13.13.2. Medium scale 13.13.3. Large scale 13.14. Nigeria Global Refinery Service and Maintenance Market Forecast, By type 13.14.1. Turnaround 13.14.2. Maintenance 13.15. Nigeria Global Refinery Service and Maintenance Market Forecast, By refinery size 13.15.1. Small scale 13.15.2. Medium scale 13.15.3. Large scale 13.16. Egypt Global Refinery Service and Maintenance Market Forecast, By type 13.16.1. Turnaround 13.16.2. Maintenance 13.17. Egypt Global Refinery Service and Maintenance Market Forecast, By refinery size 13.17.1. Small scale 13.17.2. Medium scale 13.17.3. Large scale 13.18. Rest of Middle East & Africa Global Refinery Service and Maintenance Market Forecast, By type 13.18.1. Turnaround 13.18.2. Maintenance 13.19. Rest of Middle East & Africa Global Refinery Service and Maintenance Market Forecast, By refinery size 13.19.1. Small scale 13.19.2. Medium scale 13.19.3. Large scale 13.20. Middle East & Africa Global Refinery Service and Maintenance Market Attractiveness Analysis 13.20.1. By type 13.20.2. By refinery size 13.21. PEST Analysis 13.22. Key Trends 13.23. Key Developments 14. South America Global Refinery Service and Maintenance Market Analysis 14.1. Key Findings 14.2. South America Global Refinery Service and Maintenance Market Overview 14.3. South America Global Refinery Service and Maintenance Market Value Share Analysis, By type 14.4. South America Global Refinery Service and Maintenance Market Forecast, By type 14.4.1. Turnaround 14.4.2. Maintenance 14.5. South America Global Refinery Service and Maintenance Market Value Share Analysis, By refinery size 14.6. South America Global Refinery Service and Maintenance Market Forecast, By refinery size 14.6.1. Small scale 14.6.2. Medium scale 14.6.3. Large scale 14.7. South America Global Refinery Service and Maintenance Market Value Share Analysis, By Country 14.8. South America Global Refinery Service and Maintenance Market Forecast, By Country 14.8.1. Brazil 14.8.2. Colombia 14.8.3. Argentina 14.8.4. Rest of South America 14.9. South America Global Refinery Service and Maintenance Market Analysis, By Country 14.10. Brazil Global Refinery Service and Maintenance Market Forecast, By type 14.10.1. Turnaround 14.10.2. Maintenance 14.11. Brazil Global Refinery Service and Maintenance Market Forecast, By refinery size 14.11.1. Small scale 14.11.2. Medium scale 14.11.3. Large scale 14.12. Colombia Global Refinery Service and Maintenance Market Forecast, By type 14.12.1. Turnaround 14.12.2. Maintenance 14.13. Colombia Global Refinery Service and Maintenance Market Forecast, By refinery size 14.13.1. Small scale 14.13.2. Medium scale 14.13.3. Large scale 14.14. Argentina Global Refinery Service and Maintenance Market Forecast, By type 14.14.1. Turnaround 14.14.2. Maintenance 14.15. Argentina Global Refinery Service and Maintenance Market Forecast, By refinery size 14.15.1. Small scale 14.15.2. Medium scale 14.15.3. Large scale 14.16. Rest of South America Global Refinery Service and Maintenance Market Forecast, By type 14.16.1. Turnaround 14.16.2. Maintenance 14.17. Rest of South America Global Refinery Service and Maintenance Market Forecast, By refinery size 14.17.1. Small scale 14.17.2. Medium scale 14.17.3. Large scale 14.18. South America Global Refinery Service and Maintenance Market Attractiveness Analysis 14.18.1. By type 14.18.2. By refinery size 14.19. PEST Analysis 14.20. Key Trends 14.21. Key Developments 15. Company Profiles 15.1. Market Share Analysis, By Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players By price, presence, market share, Component, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A By Regions, Investment and Component 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Aegion Corp. 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Aptim Corp. 15.3.3. Chiyoda Corp. 15.3.4. Envent Corp. 15.3.5. Fluor Corp. 15.3.6. John Wood Group Plc 15.3.7. KBR Inc. 15.3.8. Saipem Spa 15.3.9. Sunergon 15.3.10. Turner Industries Group 16. Primary key Insights

About This Report

Report ID 82603
Category Energy & Power
Published Date Feb 2021
Updated Date JAN 2022
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