Product Code: A74593
The global modular refineries market was valued at $2.2 billion in 2022, and is projected to reach $3.6 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
A modular refinery is a kind of prefabricated crude oil processing plant which is designed for the distillation of crude oil into naphtha, kerosene, diesel, residual fuel oil and off gas. Modular refinery is a simplified refinery plant which requires significantly less capital investment than traditional full-scale refineries. Modular refineries are crude oil processing facilities with capacities of up to 30,000 barrels per day. The fabricated modular refinery will help to refine crude oil on low scale to meet this domestic petroleum energy demand in the country.
One of the major factors contributing toward the modular refineries market growth is the change in the demand for fuel products in the market. Modular refineries can improve production performance and operating costs of refinery which increases the demand for modular refineries during the forecast period. Moreover, both the developing and developed countries are adopting innovative technology for the production of fuel products from crude oil which contribute to the rapid growth of the modular refineries market. Major oil generation companies create opportunities for the modular refineries industry by investing majorly in resources in oil excavation projects.
Several traditional oil refineries are operating inefficiently in the midstream sector due to which the oil refinery companies are not able to supply the appropriate quantity of petroleum products in the market. Modular refineries are a quick fix solution to fulfil the shortage of oil products and increase the production in the refinery. Moreover, there has been corresponding interest by several private sectors to invest in construction and operations of modular refineries so as to take advantage of the opportunities presented in import of petroleum products. Oil companies are showing the interest in the adoption of modern oil refining equipment which boosts the global modular refineries market trend in near future.
Modular refinery has been identified as a viable alternative to the current systems of refining oil market. Furthermore, modular refineries can be joined with the traditional refinery plant at site to increase the production of petroleum products effectively. Increase in utilization of combined refineries in different regions is projected to create opportunities for the global modular refineries market.
For the purpose of analysis, the modular refineries market is segmented on the basis of type, capacity, end use, and region. On the basis of type, the market is categorized into crude oil distillation unit, topping unit, hydroskimming refinery, full conversion refinery, bitumen refinery and carbon black refinery. On the basis of capacity, the market is divided into 200 - 10000 BPD, 10001 - 20000 BPD and 20001 - 30000 BPD. On the basis of end use, the market is categorized into government refinery and private refinery. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global modular refineries industry include: Honeywell International Inc., Pyramid E&C, Peiyang Chemical Equipment Co., Ltd., Axens, Propak Systems Ltd., Brahms Oil Refineries Ltd., VFuels, LLC, Refinery Equipmenr of Texas, LLC , AIPCC Energy Ltd. and Plant Process Group, LLC.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the modular refineries market analysis from 2022 to 2032 to identify the prevailing modular refineries market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the modular refineries market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global modular refineries market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Crude Oil Distillation Unit
- Topping Unit
- Hydroskimming Refinery
- Full Conversion Refinery
- Bitumen Refinery
- Carbon Black Refinery
By Capacity
- 200 - 10000 BPD
- 10001 - 20000 BPD
- 20001 - 30000 BPD
By End Use
- Government Refinery
- Private Refinery
By Region
- North America
- Europe
- Russia
- Germany
- Italy
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Saudi Arabia
- Nigeria
- Brazil
- UAE
- Rest of LAMEA
Key Market Players:
- AIPCC Energy Ltd.
- Axens
- Brahms Oil Refineries Ltd.
- Honeywell International Inc.
- Peiyang Chemical Equipment Co., Ltd.
- Plant Process Group, LLC.
- Propak Systems Ltd.
- Pyramid E&C
- Refinery Equipment of Texas, LLC
- VFuels, LLC
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in demand for cost-effective, simple and small-scale refineries
- 3.4.1.2. Surge in demand for petroleum products in industry sector
- 3.4.2. Restraints
- 3.4.2.1. Fluctuation in crude oil prices
- 3.4.3. Opportunities
- 3.4.3.1. Changing environmental legislations in refinery industry
- 3.4.3.2. Investment incentives to mitigate security of fuel supply
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Value Chain Analysis
CHAPTER 4: MODULAR REFINERIES MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Crude Oil Distillation Unit
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Topping Unit
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Hydroskimming Refinery
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Full Conversion Refinery
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Bitumen Refinery
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- 4.7. Carbon Black Refinery
- 4.7.1. Key market trends, growth factors and opportunities
- 4.7.2. Market size and forecast, by region
- 4.7.3. Market share analysis by country
CHAPTER 5: MODULAR REFINERIES MARKET, BY CAPACITY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. 200 - 10000 BPD
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. 10001 - 20000 BPD
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. 20001 - 30000 BPD
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: MODULAR REFINERIES MARKET, BY END USE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Government Refinery
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Private Refinery
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: MODULAR REFINERIES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Type
- 7.2.3. Market size and forecast, by Capacity
- 7.2.4. Market size and forecast, by End Use
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Type
- 7.2.5.1.3. Market size and forecast, by Capacity
- 7.2.5.1.4. Market size and forecast, by End Use
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Type
- 7.2.5.2.3. Market size and forecast, by Capacity
- 7.2.5.2.4. Market size and forecast, by End Use
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Type
- 7.2.5.3.3. Market size and forecast, by Capacity
- 7.2.5.3.4. Market size and forecast, by End Use
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Type
- 7.3.3. Market size and forecast, by Capacity
- 7.3.4. Market size and forecast, by End Use
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Russia
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Type
- 7.3.5.1.3. Market size and forecast, by Capacity
- 7.3.5.1.4. Market size and forecast, by End Use
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Type
- 7.3.5.2.3. Market size and forecast, by Capacity
- 7.3.5.2.4. Market size and forecast, by End Use
- 7.3.5.3. Italy
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Type
- 7.3.5.3.3. Market size and forecast, by Capacity
- 7.3.5.3.4. Market size and forecast, by End Use
- 7.3.5.4. UK
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Type
- 7.3.5.4.3. Market size and forecast, by Capacity
- 7.3.5.4.4. Market size and forecast, by End Use
- 7.3.5.5. France
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Type
- 7.3.5.5.3. Market size and forecast, by Capacity
- 7.3.5.5.4. Market size and forecast, by End Use
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Type
- 7.3.5.6.3. Market size and forecast, by Capacity
- 7.3.5.6.4. Market size and forecast, by End Use
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Type
- 7.4.3. Market size and forecast, by Capacity
- 7.4.4. Market size and forecast, by End Use
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Type
- 7.4.5.1.3. Market size and forecast, by Capacity
- 7.4.5.1.4. Market size and forecast, by End Use
- 7.4.5.2. India
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Type
- 7.4.5.2.3. Market size and forecast, by Capacity
- 7.4.5.2.4. Market size and forecast, by End Use
- 7.4.5.3. Japan
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Type
- 7.4.5.3.3. Market size and forecast, by Capacity
- 7.4.5.3.4. Market size and forecast, by End Use
- 7.4.5.4. South Korea
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Type
- 7.4.5.4.3. Market size and forecast, by Capacity
- 7.4.5.4.4. Market size and forecast, by End Use
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Type
- 7.4.5.5.3. Market size and forecast, by Capacity
- 7.4.5.5.4. Market size and forecast, by End Use
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Type
- 7.5.3. Market size and forecast, by Capacity
- 7.5.4. Market size and forecast, by End Use
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Saudi Arabia
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Type
- 7.5.5.1.3. Market size and forecast, by Capacity
- 7.5.5.1.4. Market size and forecast, by End Use
- 7.5.5.2. Nigeria
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Type
- 7.5.5.2.3. Market size and forecast, by Capacity
- 7.5.5.2.4. Market size and forecast, by End Use
- 7.5.5.3. Brazil
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Type
- 7.5.5.3.3. Market size and forecast, by Capacity
- 7.5.5.3.4. Market size and forecast, by End Use
- 7.5.5.4. UAE
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Type
- 7.5.5.4.3. Market size and forecast, by Capacity
- 7.5.5.4.4. Market size and forecast, by End Use
- 7.5.5.5. Rest of LAMEA
- 7.5.5.5.1. Key market trends, growth factors and opportunities
- 7.5.5.5.2. Market size and forecast, by Type
- 7.5.5.5.3. Market size and forecast, by Capacity
- 7.5.5.5.4. Market size and forecast, by End Use
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Honeywell International Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Pyramid E&C
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Key strategic moves and developments
- 9.3. Peiyang Chemical Equipment Co., Ltd.
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
- 9.4. Axens
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Key strategic moves and developments
- 9.5. Propak Systems Ltd.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
- 9.6. Brahms Oil Refineries Ltd.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
- 9.7. VFuels, LLC
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
- 9.8. Refinery Equipment of Texas, LLC
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. AIPCC Energy Ltd.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Plant Process Group, LLC.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio