Oil & Gas Refinery MRO Services Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Service Type (Maintenance services, Repair services, Overhaul services and Others), By Equipment Type (Rotating equipment, Pressure vessels, Heat exchangers and Others), By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 12.41 Billion
CAGR (2026-2031)	3.16%
Fastest Growing Segment	Maintenance Services
Largest Market	Asia Pacific
Market Size (2031)	USD 14.96 Billion

Market Overview

The Global Oil & Gas Refinery MRO Services Market will grow from USD 12.41 Billion in 2025 to USD 14.96 Billion by 2031 at a 3.16% CAGR. Global Oil and Gas Refinery MRO Services encompass the comprehensive maintenance, repair, and overhaul activities required to ensure the mechanical integrity, safety, and operational efficiency of downstream processing assets. The primary drivers supporting market growth include the urgent necessity to refurbish and extend the lifespan of aging infrastructure in mature economies and the enforcement of stringent environmental regulations that mandate facility upgrades to reduce emissions. Furthermore, the imperative for refineries to maintain high asset utilization rates to ensure profitability necessitates consistent and specialized service interventions to prevent unplanned downtime.

According to the Organization of the Petroleum Exporting Countries, in 2024, the global downstream sector was projected to require a cumulative investment of $1.7 trillion through 2050 to support efficient operations and necessary capacity expansions. Despite this robust investment outlook, the market faces a significant challenge in the form of a widening shortage of skilled technical labor which threatens to impede the timely execution of critical maintenance schedules and escalate service costs.

Key Market Drivers

The expansion of greenfield refinery projects in emerging economies acts as a primary catalyst for the development of the MRO services sector. As nations in non-OECD regions strive to localize petrochemical production and secure fuel independence, there is a substantial surge in the construction of complex, integrated refinery facilities. These new installations generate immediate demand for maintenance services during the commissioning phase and establish a long-term requirement for specialized asset management strategies to ensure operational baselines are met. This growth in infrastructure directly expands the addressable market for service providers who must support a larger global installed base. According to the International Energy Agency, June 2024, in the 'Oil 2024' report, global refining capacity is forecast to increase by a net 3.3 million barrels per day between 2023 and 2030, a growth trajectory that mandates rigorous maintenance schedules to sustain warranty standards and operational safety.

Simultaneously, the market is heavily influenced by escalating global energy consumption and the subsequent demand for refined products. To satisfy this rising demand, refinery operators are compelled to maximize throughput and run facilities at high utilization rates, a practice that significantly accelerates the wear and tear of critical mechanical components such as heat exchangers and fluid catalytic cracking units. This operational intensity necessitates frequent, preventative interventions to mitigate the risk of mechanical failure and unplanned shutdowns. According to the U.S. Energy Information Administration, November 2024, in the 'Short-Term Energy Outlook', global liquid fuels consumption is projected to grow by 1.2 million barrels per day in 2025. Consequently, major industry players are investing heavily to harden their assets against this intensified production cycle; for instance, according to Saudi Aramco, March 2024, in the '2023 Annual Report', the company reported capital expenditures of $49.7 billion, reflecting a strategic allocation of resources toward upgrading capabilities and ensuring the reliability of its vast downstream and upstream infrastructure.

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Key Market Challenges

The widening shortage of skilled technical labor constitutes a substantial impediment to the expansion of the Global Oil and Gas Refinery MRO Services Market. Refinery maintenance requires a workforce possessing specialized mechanical expertise and certifications to manage complex downstream assets safely. When service providers cannot secure sufficient personnel, critical turnaround projects and routine maintenance schedules are frequently delayed, resulting in extended asset downtime and significant revenue losses for operators. This labor scarcity also disrupts the supply-demand balance, forcing MRO firms to increase wages to attract talent, which subsequently escalates project costs and strains the operational budgets of refinery clients.

This workforce deficit acts as a severe capacity bottleneck, preventing service providers from fully capitalizing on the rising demand for infrastructure refurbishment. According to the International Energy Agency, in 2024, more than 50% of energy industry respondents reported critical hiring bottlenecks due to a lack of available skilled workers. This inability to rapidly mobilize qualified technical teams directly hampers the timely execution of mandated environmental upgrades and life-extension projects, thereby slowing the overall growth trajectory of the market despite robust investment forecasts.

Key Market Trends

The Adoption of Artificial Intelligence and Machine Learning for Predictive Maintenance is fundamentally reshaping asset management strategies within the global refinery MRO sector. Operators are increasingly moving away from time-based maintenance schedules to data-driven predictive models that analyze real-time sensor inputs to anticipate equipment failures before they occur. This shift not only mitigates the risk of catastrophic breakdowns but also optimizes operational expenditure by eliminating unnecessary service interventions. According to Shell, 2024, in the 'AI Predictive Maintenance Case Study', the deployment of AI-driven predictive maintenance across its global assets reduced unplanned equipment downtime by 45%, resulting in estimated annual savings of $400 million.

Simultaneously, the Utilization of Drones and Robotics for Hazardous Area Inspections is gaining traction as a critical solution to enhance safety and overcome workforce limitations. By deploying autonomous aerial vehicles and robotic crawlers, refineries can conduct rigorous inspections of hard-to-reach assets such as flare stacks and storage tanks without exposing human technicians to dangerous environments. This technology significantly accelerates turnaround times, allowing facilities to resume production rapidly after maintenance cycles. For instance, according to BP, June 2024, in the 'bp pioneers in the use of drone technology in its operations in the Caspian' news release, the utilization of drones for storage tank inspections allowed the company to complete tasks in just 45 minutes that previously required up to four weeks of human labor.

Segmental Insights

Based on industry insights, the Maintenance Services segment is recognized as the fastest-growing category within the Global Oil & Gas Refinery MRO Services Market. This robust expansion is primarily driven by the enforcement of stringent environmental mandates by regulatory authorities, which compel refineries to minimize emissions and maintain strict operational integrity. Additionally, the prevalence of aging infrastructure necessitates frequent interventions to extend asset lifecycles and mitigate the risk of unplanned shutdowns. Consequently, facility operators are prioritizing comprehensive maintenance strategies to ensure compliance with safety standards and sustain continuous production efficiency.

Regional Insights

Asia Pacific dominates the Global Oil & Gas Refinery MRO Services Market, driven by extensive refining capacity expansions in China and India to address escalating energy needs. This region requires frequent maintenance and repair interventions to sustain operational performance across both aging facilities and new infrastructure. Data from the International Energy Agency indicates that Asian economies are primary drivers of global oil demand, directly influencing refinery utilization rates. As a result, facility operators invest heavily in maintenance services to prevent downtime and ensure asset integrity, consolidating the region's status as the principal market contributor.

Recent Developments

• In August 2025, Wood secured a contract extension worth $50 million to deliver maintenance solutions at Ampol’s Lytton refinery in Brisbane, Australia. Under the two-year agreement, the company was tasked with ensuring safe, reliable, and efficient fuel production through maintenance management and multi-disciplined technical field services. The scope included the deployment of proprietary digital maintenance technology to optimize strategies via AI-powered data analysis. This technology was designed to identify critical activities and enhance asset reliability at the facility, which processes 6.5 billion liters of crude oil per year and is vital to the region's energy security.
• In May 2025, Bilfinger entered into a six-year framework agreement with Zeeland Refinery to provide comprehensive maintenance services for its oil refinery in Vlissingen, the Netherlands. The scope of work encompassed the execution and coordination of maintenance for all trades, including mechanical, piping, and rotating equipment, ensuring smooth and energy-efficient operations. The agreement extended a long-standing partnership and was intended to contribute to the facility's efficiency and sustainability targets. The refinery, which processes approximately 11.5 million tons of crude oil annually, relied on the industrial services provider to support its modernization efforts and maximize production output.
• In October 2024, Honeywell announced a strategic collaboration with Chevron to develop advanced artificial intelligence-assisted solutions specifically for refining processes. The partnership focused on creating a new generation of alarm management systems that help operators make decisions to increase the efficiency, safety, and reliability of industrial assets. The initiative involved using AI to mine historical data for patterns and provide guided actions for responding to operational events, thereby reducing lost profit opportunities. This development aimed to address industry workforce shortages by capturing institutional knowledge and digitizing workflows to accelerate the learning curve for new personnel.
• In March 2024, KBR, Inc. secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Saudi Arabia. The program was designed to optimize asset lifecycle, enhance machinery performance, and improve overall reliability at the facility. This collaboration aimed to boost energy and equipment efficiency while mitigating operational risks, aligning with the client's commitment to sustainability. The company utilized its technology-led industrial solutions to support the refinery's environmental, social, and governance objectives by promoting responsible resource management and operational safety.

Key Market Players

• Schlumberger Limited
• Halliburton Company
• Weatherford International
• Baker Hughes
• National Oilwell Varco
• Swell Packers Plus Energy Services Inc
• TAM International
• NCS Multistage
• Rubicon Oilfield International
• Omega Completion Technology

By Service Type	By Equipment Type	By Region
Maintenance services Repair services Overhaul services and Others	Rotating equipment Pressure vessels Heat exchangers and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Oil & Gas Refinery MRO Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Oil & Gas Refinery MRO Services Market, By Service Type:

• Maintenance services
• Repair services
• Overhaul services and Others

• Oil & Gas Refinery MRO Services Market, By Equipment Type:

• Rotating equipment
• Pressure vessels
• Heat exchangers and Others

• Oil & Gas Refinery MRO Services Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE