Global Modular Fabrication Market 2024-2028

Global Modular Fabrication Market 2024-2028

The modular fabrication market is forecasted to grow by USD 2.64 bn during 2023-2028, accelerating at a CAGR of 4.34% during the forecast period. The report on the modular fabrication market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for space-efficient and easy-to-install equipment, cost efficiency of modular fabrication, and increased adoption of modular fabrication in diverse industries.

Technavio's modular fabrication market is segmented as below:

By End-user

• Oil and gas field
• Petrochemicals and fertilizer plants
• Refinery
• Power generation
• Pharmaceutical and biotech companies

By Type

• Land/Onshore
• Offshore

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the robust demand from the oil and gas sector as one of the prime reasons driving the modular fabrication market growth during the next few years. Also, rise in the adoption of modular fabrication for production equipment and increasing mergers and acquisitions will lead to sizable demand in the market.

The report on the modular fabrication market covers the following areas:

• Modular fabrication market sizing
• Modular fabrication market forecast
• Modular fabrication market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modular fabrication market vendors that include Audubon Field Soluons LLC, Balfour Beatty Plc, Dynamic Industries Inc , ENGlobal Corp., Fluor Corp., Heerema International Group, Hidramar Group, JH Kelly, Koch Industries Inc., Larsen and Toubro Ltd., M. Davis, McDermott International Ltd., Opero Energy, PCL Constructors Inc., Pyramid E and C, Radley Engineering, Spitzer Industries, Turner Industries Group, DXP Enterprises Inc., and ZETON INC.. Also, the modular fabrication market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.