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Global Downstream Maintenance industry 2016 Market Share, Size, Trends, Growth, Analysis, Outlook and Overview Research Report
Summary The World Downstream Maintenance Market Forecast 2015-2019 analyses the demand for maintenance in two key equipment and service lines: downstream asset services and downstream asset integrity services, and across four facility types: refineries, petrochemical plants, gas processing and LNG. Operator budgets tighten, but Downstream Maintenance spend still sees rise Between 2015 and 2019, global downstream asset maintenance spend is expected to total $322 billion (bn), an increase of 12% when compared to the previous five-year period. In 2014, expenditure totalled $63bn for the world’ s global downstream asset population of approximately 13,000 facilities, DW expect this to increase to $71bn by 2019. Despite a minor drop in 2015, resulting from industry-wide price deflation of equipment and services and budget tightening, an ageing existing asset population as well as a number of new installations drive the overall growth. Browse Detail Report With TOC @ https://marketreportscenter.com/reports/133535/world-downstream-maintenance-market-forecast2015-2019 By sector, Asset Services accounts for the majority of expenditure, 72%, with Asset Integrity accounting for the remaining 28%. North America and Asia dominate global expenditure, accounting for 35% and 28% of spend over the forecast period respectively. US downstream facilities are also expected to see a revival as a result of the recent shale boom.