Middle East Modularization Market by Service and End-User Industry (Oil & Gas, Mining & Metallurgy, Petrochemicals & Chemicals, Power, and Others: Regional Opportunity Analysis and Industry Forecast, 2021-2028

Description

List of Tables

The Middle East modularization market size is expected to reach $747.1 million by 2028, from $492.1 million in 2020, registering a CAGR of 5.3% from 2021 to 2028. Modularization, also known as prefabrication, is the concept used in oil & gas fields. Pipe spools, pipe rack, modules, and skids are some of the components largely used in modularization process. Modularization is used in industries such as oil & gas, petrochemicals & chemicals, and power industries. This system is generally considered as interconnection of pipes, flanges, and valves. Pipe spools can be connected with use of valves and flanges. Piping system uses flanges, bending, beveling, and cutting machines for performing pipe spooling.

A rise in drilling and exploration activities for oil around the Middle East drives the growth of the Middle East modularization market. A rise in use of pipe spools, pipe racks, and fittings in power plant and petrochemical plants is anticipated to lead to the growth of the market.

Stainless steel pipe is largely adopted in modularization construction, owing to features such as aesthetic look, corrosion resistance, and robust, which fuels the growth of the Middle East modularization market. On the contrary, the availability of substitutes and high initial capital investment are anticipated to hamper the growth of the Middle East modularization market. On the contrary, an increase in spooling and skid application in modularization systems are expected to provide lucrative opportunities for the Middle East modularization market during the forecast period.

The Middle East modularization market is segmented on the basis of service, end-user industry, and country. On the basis of services, the market is divided into prefabricated pipes (spools), process & fabrication, process & pipe rack modules, and others. The prefabricated pipe (Spools) segment generated the highest revenue in 2020. By end user industry, the market is categorized into oil & gas, mining & metallurgy, petrochemicals & chemicals, power, and others. The oil & gas segment held the majority of the share in 2020.

Country wise, the Middle East modularization market analysis is conducted across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE. In 2020, Saudi Arabia was the highest contributor to the Middle East modularization market share, and is anticipated to secure a leading position during the forecast period.

COMPETITION ANALYSIS

Key players profiled in this report include Fluor Corporation, SHV Holdings N.V. (Mammoet), Arabian International Company for Steel Structures, Larsen & Toubro Limited (L & T Piping Center), ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.), YENA ENGINEERING B.V., PROSAIC STEEL AND ALLOYS, Metal Forge India, Honeywell International Inc (Honweywell UOP), and ChelPipe Group.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current trends and future estimations.
Extensive analysis of Middle East modularization market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The Middle East modularization market forecast analysis from 2021 to 2028 is included in the report.
The key market players within the Middle East modularization market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Middle East modularization market.
MIDDLE EAST MODULARIZATION MARKET SEGMENTS

By Service

Prefabricated Pipes (Spools)
Process and Fabrication
Process and Pipe Rack Modules
Others

By End-User Industry

Oil & Gas
Mining & Metallurgy
Petrochemicals & Chemicals
Power
Others

By Country

Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
UAE

KEY PLAYERS

Fluor Corporation
SHV Holdings N.V. (Mammoet)
Arabian International Company for Steel Structures
Larsen & Toubro Limited (L & T Piping Center)
ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.)
YENA ENGINEERING B.V.
PROSAIC STEEL AND ALLOYS
Metal Forge India
ChelPipe Group
Honeywell International Inc (Honeywell UOP)

Product Code: A12374

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Key market players
1.5.Research methodology
- 1.5.1.Primary research
- 1.5.2.Secondary research
- 1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Key player positioning 2020
3.5.Market dynamics
- 3.5.1.Drivers
  - 3.5.1.1.Growth in exploration and drilling activities in the Middle East
  - 3.5.1.2.Growth in adoption of stainless-steel pipe spools and racks
  - 3.5.1.3.Rise in number of constructions of chemical & petrochemical plants
- 3.5.2.Restraints
  - 3.5.2.1.Fluctuation in raw material prices
  - 3.5.2.2.Fluctuation in foreign currencies and its influence over profit margins
- 3.5.3.Opportunity
  - 3.5.3.1.Technological advancement in modularization system
3.6.COVID-19 impact analysis
3.7.Pricing analysis
- 3.7.1.Product, transportation, and installation
- 3.7.2.Material price, assembly, and others
3.8.List of upcoming projects

CHAPTER 4:MIDDLE EAST MODULARIZATION MARKET, BY SERVICE

4.1.Overview
- 4.1.1.Market size and forecast, by service
- 4.1.2.Market volume and forecast, by service
4.2.Prefabricated pipes (spools)
- 4.2.1.Key market trends, growth factors, and opportunities
- 4.2.2.Market size and forecast, by end-user industry
- 4.2.3.Market volume and forecast, by end-user industry
- 4.2.4.Market analysis, by country
4.3.Process skid fabrication
- 4.3.1.Key market trends, growth factors, and opportunities
- 4.3.2.Market size and forecast, by end-user industry
- 4.3.3.Market volume and forecast, by end-user industry
- 4.3.4.Market analysis, by country
4.4.Process and pipe rack modules
- 4.4.1.Key market trends, growth factors, and opportunities
- 4.4.2.Market size and forecast, by end-user industry
- 4.4.3.Market volume and forecast, by end-user industry
- 4.4.4.Market analysis, by country
4.5.Others
- 4.5.1.Key market trends, growth factors, and opportunities
- 4.5.2.Market size and forecast, by end-user industry
- 4.5.3.Market volume and forecast, by end-user industry
- 4.5.4.Market analysis, by country

CHAPTER 5:MIDDLE EAST MODULARIZATION MARKET, BY END-USER INDUSTRY

5.1.Overview
- 5.1.1.Market size and forecast, by end-user industry
- 5.1.2.Market volume and forecast, by end-user industry
5.2.Oil & gas
- 5.2.1.Key market trends, growth factors, and opportunities
- 5.2.2.Market size and forecast, by end-user industry
- 5.2.3.Market volume and forecast, by end-user industry
- 5.2.4.Market analysis, by country
  - 5.2.4.1.Market size and forecast, by type
5.3.Mining & metallurgy
- 5.3.1.Key market trends, growth factors, and opportunities
- 5.3.2.Market size and forecast, by end-user industry
- 5.3.3.Market volume and forecast, by end-user industry
- 5.3.4.Market analysis, by country
  - 5.3.4.1.Market size and forecast, by type
5.4.Petrochemicals & chemicals
- 5.4.1.Key market trends, growth factors, and opportunities
- 5.4.2.Market size and forecast, by end-user industry
- 5.4.3.Market volume and forecast, by end-user industry
- 5.4.4.Market analysis, by country
  - 5.4.4.1.Market size and forecast, by type
5.5.Power
- 5.5.1.Key market trends, growth factors, and opportunities
- 5.5.2.Market size and forecast, by end-user industry
- 5.5.3.Market volume and forecast, by end-user industry
- 5.5.4.Market analysis, by country
  - 5.5.4.1.Market size and forecast, by type
5.6.Others
- 5.6.1.Key market trends, growth factors, and opportunities
- 5.6.2.Market size and forecast, by end-user industry
- 5.6.3.Market volume and forecast, by end-user industry
- 5.6.4.Market analysis, by country
  - 5.6.4.1.Market size and forecast, by type

CHAPTER 6:MIDDLE EAST MODULARIZATION MARKET, BY COUNTRY

6.1.Overview
- 6.1.1.Market size and forecast, by country
- 6.1.2.Market volume and forecast, by country
- 6.1.3.Bahrain
  - 6.1.3.1.Bahrain market size and forecast, by service
  - 6.1.3.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.3.2.Bahrain market size and forecast, by end-user industry
- 6.1.4.Kuwait
  - 6.1.4.1.Kuwait market size and forecast, by service
  - 6.1.4.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.4.2.Kuwait market size and forecast, by end-user industry
- 6.1.5.Oman
  - 6.1.5.1.Oman market size and forecast, by service
  - 6.1.5.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.5.2.Oman market size and forecast, by end-user industry
- 6.1.6.Qatar
  - 6.1.6.1.Qatar market size and forecast, by service
  - 6.1.6.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.6.2.Qatar market size and forecast, by end-user industry
- 6.1.7.Saudi Arabia
  - 6.1.7.1.Saudi Arabia market size and forecast, by service
  - 6.1.7.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.7.2.Saudi Arabia market size and forecast, by end-user industry
- 6.1.8.UAE
  - 6.1.8.1.UAE market size and forecast, by service
  - 6.1.8.1.1.Market size and forecast, for service, by end-user industry
  - 6.1.8.2.UAE market size and forecast, by end-user industry

CHAPTER 7:COMPANY PROFILES

7.1.ARABIAN INTERNATIONAL CO. FOR STEEL STRUCTURES (AIC)
- 7.1.1.Company overview
- 7.1.2.Key executive
- 7.1.3.Company snapshot
- 7.1.4.Product portfolio
7.2.CHELPIPE GROUP
- 7.2.1.Company overview
- 7.2.2.Key executive
- 7.2.3.Company snapshot
- 7.2.4.Operating business segments
- 7.2.5.Product portfolio
- 7.2.6.Business performance
7.3.ENKA INSAAT VE SANAYI A.S. (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.)
- 7.3.1.Company overview
- 7.3.2.Key executive
- 7.3.3.Company snapshot
- 7.3.4.Operating business segments
- 7.3.5.Product portfolio
- 7.3.6.Business performance
7.4.FLUOR CORPORATION
- 7.4.1.Company overview
- 7.4.2.Key executive
- 7.4.3.Company snapshot
- 7.4.4.Operating business segments
- 7.4.5.Product portfolio
- 7.4.6.R&D expenditure
- 7.4.7.Business performance
- 7.4.8.Key strategic moves and developments
7.5.HONEYWELL INTERNATIONAL INC
- 7.5.1.Company overview
- 7.5.2.Key executive
- 7.5.3.Company snapshot
- 7.5.4.Operating business segments
- 7.5.5.Product portfolio
- 7.5.6.Research and development expenses
- 7.5.7.Business performance
- 7.5.8.Key strategic moves and developments
7.6.LARSEN & TOUBRO LIMITED (L&T Hydrocarbon Engineering)
- 7.6.1.Company overview
- 7.6.2.Key executives
- 7.6.3.Company snapshot
- 7.6.4.Operating business segments
- 7.6.5.Product portfolio
- 7.6.6.Research and development expenses
- 7.6.7.Business performance
7.7.METAL FORGE INDIA
- 7.7.1.Company overview
- 7.7.2.Key executive
- 7.7.3.Company snapshot
- 7.7.4.Product portfolio
7.8.PROSAIC STEEL AND ALLOYS
- 7.8.1.Company overview
- 7.8.2.Key executives
- 7.8.3.Company snapshot
- 7.8.4.Product portfolio
7.9.SHV HOLDINGS N.V. (MAMMOET)
- 7.9.1.Company overview
- 7.9.2.Key executives
- 7.9.3.Company snapshot
- 7.9.4.Product portfolio
- 7.9.5.Business performance
7.10.YENA ENGINEERING B.V.
- 7.10.1.Company overview
- 7.10.2.Key executive
- 7.10.3.Company snapshot
- 7.10.4.Product portfolio
7.11.GULF SPECIALIZED WORKS
- 7.11.1.Company overview
- 7.11.2.Key executive
- 7.11.3.Company snapshot
- 7.11.4.Product portfolio
7.12.BILAD AL DUHA
- 7.12.1.Company overview
- 7.12.2.Key executives
- 7.12.3.Company snapshot
- 7.12.4.Product portfolio
7.13.METALFAB
- 7.13.1.Company overview
- 7.13.2.Key executives
- 7.13.3.Company snapshot
- 7.13.4.Product portfolio
7.14.MB HOLDING COMPANY LLC (UNITED ENGINEERING SERVICES LLC)
- 7.14.1.Company overview
- 7.14.2.Key executives
- 7.14.3.Company snapshot
- 7.14.4.Product portfolio
7.15.TOCO
- 7.15.1.Company overview
- 7.15.2.Key executive
- 7.15.3.Company snapshot
- 7.15.4.Operating business segments
- 7.15.5.Product portfolio