OBJECTIVE
A manufacturer of HVAC systems wanted to assess the growth opportunity of HVAC systems in the petrochemical and oil & gas pipeline sectors in the US. The focus was to establish value and volume of HVAC units installed in offshore refineries, petrochem plants, and pressure & measure stations.
METHODOLOGY
The study relied primarily on secondary research. While there was substantial information available on the HVAC industry, there was limited data on its usage in offshore petrochemical plants.
- To arrive at the market size, we established the capex and future investments on HVAC in petrochemical plants by scanning annual reports and investor presentations of the major players
- We reached out to industry experts (HVAC design & construction companies, senior HVAC engineers)
– These conversations helped us arrive at a thumb rule to estimate new / replacement demand of HVAC units for different applications in petrochem plants
SOLUTION
Our research provided the client with valuable insights into the
- Current and future (2018-2025) market size of HVAC systems in offshore petrochemical plants and in the oil & gas pipeline space
- Top HVAC design & construction companies dealing in installing these systems
- Economic trends, regulatory changes and latest developments related to the sectors
