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Global Modular Refineries Market to reach USD 5.96 billion by the end of 2030.

Global Modular Refineries Market Size study & Forecast, by Component (Crude Distillation Unit (CDU), Diesel Hydro Treating (DHT), Fluid Catalytic Cracking (FCC), Naphtha Hydro Treating (NHT), Reforming Unit and Others), by Capacity (BPD)( Below 10,000, 10,000-20,000, 20,000-30,000, 30,000-40,000, Above 40,000), by Operator (Private, National Oil Company) and Regional Analysis, 2023-2030

Product Code: CMOGI-80452180
Publish Date: 10-06-2023
Page: 200

Global Modular Refineries Market is valued approximately USD 3.6 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030. Modular refineries are small-scale oil refineries that are designed to process crude oil and produce petroleum products on a smaller scale compared to conventional large refineries. They are often portable and can be transported to remote locations or areas with limited infrastructure for oil refining. The Modular Refineries market is expanding because of factors such as rise in global energy demand and governments support for construction of modular refineries.

The OPEC 2021 World Oil Outlook 2045 report predicts that between 2021 and 2045, upstream investments will amount to roughly US$1.5 trillion. About US$ 450 billion of this is allocated for investments in new refinery projects and the expansion of current facilities, primarily in developing nations. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Thus, rising production, consumption, and demand for oil across the world indicates that oil and gas companies are likely to develop and build new modular refineries across the world is catering the market growth. In addition, rise in demand for clean and sustainable energy and rise in demand for refined petroleum products is creating lucrative opportunity to the market. However, stringent environment standards stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Modular Refineries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising oil demand, rising government support for the development of modular refineries in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising investment for the development of modular refineries, rising public private partnership and rising oil demand in the region.

Major market player included in this report are:
Peiyang Chemical Equipment Co., Ltd.
Almoner Petroleum & Gas Limited
Amerisource Energy Inc
Brahms Group SA
Chemex Global
Honeywell International Inc.
Pyramid E & C Private Limited
Waltersmith Refining & Petrochemicals Company
KP Engineering, Inc.
VFuels, LLC

Recent Developments in the Market:
Ø In January 2023, Pyramid E&C LLC and Alternative Environmental Technologies have teamed up forces to construct and set up the first SULFEXTM facility to be commercialized in the United States. With an initial capacity of 1000 bpd, the plant is anticipated to process 5000 bpd. To meet the standards for ultra-low sulphur, sour hydrocarbons are reduced in sulphur content using the Sulfex low temperature, low pressure process.
Ø In September 2021, McDermott and Saudi Aramco signed an agreement of intent to carry out a feasibility study on onshore modular construction. The companies investigated the viability of localising onshore modular construction to support regional enterprises and assist Aramco with its plans for off-site development of its upstream and downstream projects.

Global Modular Refineries Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Capacity, Operator, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Crude Distillation Unit (CDU)
Diesel Hydro Treating (DHT)
Fluid Catalytic Cracking (FCC)
Naphtha Hydro Treating (NHT)
Reforming Unit

By Capacity (BPD):
Below 10,000
Above 40,000

By Operator:
National Oil Company

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Modular Refineries Market, by Region, 2020-2030 (USD Billion)
1.2.2. Modular Refineries Market, by Component, 2020-2030 (USD Billion)
1.2.3. Modular Refineries Market, by Capacity (BPD), 2020-2030 (USD Billion)
1.2.4. Modular Refineries Market, by Operator, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Modular Refineries Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Modular Refineries Market Dynamics
3.1. Modular Refineries Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in Global Energy Demand Governments support for construction of modular refineries
3.1.2. Market Challenges Stringent Environment Standards
3.1.3. Market Opportunities Rise in Demand for Clean and Sustainable Energy Rise in demand for refined petroleum products
Chapter 4. Global Modular Refineries Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Modular Refineries Market, by Component
5.1. Market Snapshot
5.2. Global Modular Refineries Market by Component, Performance – Potential Analysis
5.3. Global Modular Refineries Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Modular Refineries Market, Sub Segment Analysis
5.4.1. Crude Distillation Unit (CDU)
5.4.2. Diesel Hydro Treating (DHT)
5.4.3. Fluid Catalytic Cracking (FCC)
5.4.4. Naphtha Hydro Treating (NHT)
5.4.5. Reforming Unit
5.4.6. Others
Chapter 6. Global Modular Refineries Market, by Capacity (BPD)
6.1. Market Snapshot
6.2. Global Modular Refineries Market by Capacity (BPD), Performance – Potential Analysis
6.3. Global Modular Refineries Market Estimates & Forecasts by Capacity (BPD) 2020-2030 (USD Billion)
6.4. Modular Refineries Market, Sub Segment Analysis
6.4.1. Below 10,000
6.4.2. 10,000-20,000
6.4.3. 20,000-30,000
6.4.4. 30,000-40,000
6.4.5. Above 40,000
Chapter 7. Global Modular Refineries Market, by Operator
7.1. Market Snapshot
7.2. Global Modular Refineries Market by Operator, Performance – Potential Analysis
7.3. Global Modular Refineries Market Estimates & Forecasts by Operator 2020-2030 (USD Billion)
7.4. Modular Refineries Market, Sub Segment Analysis
7.4.1. Private
7.4.2. National Oil Company
Chapter 8. Global Modular Refineries Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Modular Refineries Market, Regional Market Snapshot
8.4. North America Modular Refineries Market
8.4.1. U.S. Modular Refineries Market Component breakdown estimates & forecasts, 2020-2030 Capacity (BPD) breakdown estimates & forecasts, 2020-2030 Operator breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Modular Refineries Market
8.5. Europe Modular Refineries Market Snapshot
8.5.1. U.K. Modular Refineries Market
8.5.2. Germany Modular Refineries Market
8.5.3. France Modular Refineries Market
8.5.4. Spain Modular Refineries Market
8.5.5. Italy Modular Refineries Market
8.5.6. Rest of Europe Modular Refineries Market
8.6. Asia-Pacific Modular Refineries Market Snapshot
8.6.1. China Modular Refineries Market
8.6.2. India Modular Refineries Market
8.6.3. Japan Modular Refineries Market
8.6.4. Australia Modular Refineries Market
8.6.5. South Korea Modular Refineries Market
8.6.6. Rest of Asia Pacific Modular Refineries Market
8.7. Latin America Modular Refineries Market Snapshot
8.7.1. Brazil Modular Refineries Market
8.7.2. Mexico Modular Refineries Market
8.8. Middle East & Africa Modular Refineries Market
8.8.1. Saudi Arabia Modular Refineries Market
8.8.2. South Africa Modular Refineries Market
8.8.3. Rest of Middle East & Africa Modular Refineries Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Peiyang Chemical Equipment Co., Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Almoner Petroleum & Gas Limited
9.3.3. Amerisource Energy Inc
9.3.4. Brahms Group SA
9.3.5. Chemex Global
9.3.6. Honeywell International Inc.
9.3.7. Pyramid E & C Private Limited
9.3.8. Waltersmith Refining & Petrochemicals Company
9.3.9. KP Engineering, Inc.
9.3.10. VFuels, LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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