Description
Global Oil & Gas Storage Market Research Report—Forecast till 2026
Market Analysis
Global Oil & Gas Storage Market is expected to register the highest market growth to reach USD 1.34 billion during the review period. The continuous fluctuations in prices of crude oil are expected to enhance the need for oil and gas storage worldwide. Additionally, the rising requirement for natural gas storage systems is also anticipated to surge the market. The industry is broadly segmented into three major sections namely Upstream, Midstream, and Downstream. The oil and gas storage is a part of the midstream of the oil and gas industry. However, the upstream companies extract oil and store it in different forms and then used it for transportation as per the requirement.
The demand for oil & gas storage is expected to witness significant market expansion during the review period owing to the lucrative growth opportunities by the major players for the global oil & gas storage market during the assessment period. The global market growth is expected to propel by the increasing demand for oil & gas storage is the urgent need for storage space for strategic petroleum reservoirs (SPRS). Offshore oil & gas fossil fuel production is evaluated to raise a steady gain during the review period owing to the growing requirement for fossil fuels. Moreover, shale production techniques such as fracking are registering the highest growth in many countries across the globe. However, the ongoing outbreak of COVID-19 is creating challenges to the global oil & gas storage market.
Market Segmentation
The global oil & gas storage market has been categorized by product type, storage type, and region. In terms of product segment, the global market has been bifurcated into oil and natural gas. By storage type, the global market has been subdivided into aboveground and underground.
Regional Analysis
The region-specific analysis of the global oil & gas storage market has been classified into five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is likely to drive the largest market share during the review period owing to the growing per capita energy consumption, the reduction in crude oil prices, and the rising exploration and production of oil & gas. Additionally, the US Energy Information Administration (EIA) study conducted in 2018, approximately 6.44 million B/D of crude oil was produced from tight oil resources in the US. Furthermore, the evolution of strategic petroleum reserves and the surge in oil demand is estimated to constitute numerous growth opportunities in the oil & gas storage market.
Major Players
The Key Players in the Global Oil & Gas Storage Market are Royal Vopak N.V., Magellan Midstream Partners, L.P., John Wood Group Plc, The Vitol Group, WorleyParsons Limited, TechnipFMC Plc, Brookfield Infrastructure Partners, Centrica Plc, Buckeye Partners, and Oiltanking.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1. MARKET ATTRACTIVENESS ANALYSIS
1.1.1. GLOBAL OIL & GAS STORAGE MARKET, BY PRODUCT TYPE
1.1.2. GLOBAL OIL & GAS STORAGE MARKET, BY STORAGE TYPE
1.1.3. GLOBAL OIL & GAS STORAGE MARKET, BY REGION
2 MARKET INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
3.6. LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1. INTRODUCTION
4.2. DRIVERS
4.2.1. URGENT NEED FOR STORAGE SPACE FOR STRATEGIC PETROLEUM RESERVES (SPRS)
4.2.2. INCREASING DEMAND FOR NATURAL GAS STORAGE SYSTEMS
4.3. RESTRAINTS
4.3.1. HIGH STORAGE COST
4.4. OPPORTUNITIES
4.4.1. EXPLORATION OF UNCONVENTIONAL RESERVOIRS
5 MARKET FACTOR ANALYSIS
5.1. VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS
5.2. PORTER’S FIVE FORCES MODEL
5.2.1. BARGAINING POWER OF SUPPLIERS
5.2.2. BARGAINING POWER OF BUYERS
5.2.3. THREAT OF NEW ENTRANTS
5.2.4. THREAT OF SUBSTITUTES
5.2.5. INTENSITY OF RIVALRY
6 GLOBAL OIL & GAS STORAGE MARKET, BY PRODUCT TYPE
6.1. INTRODUCTION
6.2. OIL
6.3. NATURAL GAS
7 GLOBAL OIL & GAS STORAGE MARKET, BY STORAGE TYPE
7.1. INTRODUCTION
7.2. ABOVEGROUND
7.3. UNDERGROUND
8 GLOBAL OIL & GAS STORAGE MARKET, BY REGION
8.1. INTRODUCTION
8.2. NORTH AMERICA
8.2.1. US
8.2.2. CANADA
8.2.3. MEXICO
8.3. EUROPE
8.3.1. GERMANY
8.3.2. FRANCE
8.3.3. UK
8.3.4. ITALY
8.3.5. SPAIN
8.3.6. REST OF EUROPE
8.4. ASIA-PACIFIC
8.4.1. CHINA
8.4.2. INDIA
8.4.3. AUSTRALIA
8.4.4. INDONESIA
8.4.5. JAPAN
8.4.6. SOUTH KOREA
8.4.7. REST OF ASIA-PACIFIC
8.5. MIDDLE EAST & AFRICA
8.5.1. SAUDI ARABIA
8.5.2. UAE
8.5.3. SOUTH AFRICA
8.5.4. KUWAIT
8.5.5. REST OF THE MIDDLE EAST & AFRICA
8.6. SOUTH AMERICA
8.6.1. BRAZIL
8.6.2. ARGENTINA
8.6.3. REST OF SOUTH AMERICA
9 COMPETITIVE LANDSCAPE
9.1. INTRODUCTION
9.2. COMPETITIVE OVERVIEW
9.3. COMPETITIVE BENCHMARKING
9.4. MARKET SHARE ANALYSIS
10 COMPANY PROFILES (TERMINAL MANAGEMENT SYSTEM COMPANIES)
10.1. ABB
10.1.1. COMPANY OVERVIEW
10.1.2. FINANCIAL OVERVIEW
10.1.3. PRODUCTS/INSTALLATIONS OFFERED
10.1.4. KEY DEVELOPMENTS
10.1.5. SWOT ANALYSIS
10.1.6. KEY STRATEGIES
10.2. IMPLICO GMBH
10.2.1. COMPANY OVERVIEW
10.2.2. FINANCIAL OVERVIEW
10.2.3. PRODUCTS/INSTALLATIONS OFFERED
10.2.4. KEY DEVELOPMENTS
10.2.5. SWOT ANALYSIS
10.2.6. KEY STRATEGIES
10.3. WORLDLINE
10.3.1. COMPANY OVERVIEW
10.3.2. FINANCIAL OVERVIEW
10.3.3. PRODUCTS/INSTALLATIONS OFFERED
10.3.4. KEY DEVELOPMENTS
10.3.5. SWOT ANALYSIS
10.3.6. KEY STRATEGIES
10.4. HONEYWELL INTERNATIONAL, INC
10.4.1. COMPANY OVERVIEW
10.4.2. FINANCIAL OVERVIEW
10.4.3. PRODUCTS/INSTALLATIONS OFFERED
10.4.4. KEY DEVELOPMENTS
10.4.5. SWOT ANALYSIS
10.4.6. KEY STRATEGIES
11 COMPANY PROFILES (TERMINAL AUTOMATION COMPANIES)
11.1. LARSEN & TOUBRO LIMITED
11.1.1. COMPANY OVERVIEW
11.1.2. FINANCIAL OVERVIEW
11.1.3. PRODUCTS/INSTALLATIONS OFFERED
11.1.4. KEY DEVELOPMENTS
11.1.5. SWOT ANALYSIS
11.1.6. KEY STRATEGIES
11.2. ROCKWELL AUTOMATION
11.2.1. COMPANY OVERVIEW
11.2.2. FINANCIAL OVERVIEW
11.2.3. PRODUCTS/INSTALLATIONS OFFERED
11.2.4. KEY DEVELOPMENTS
11.2.5. SWOT ANALYSIS
11.2.6. KEY STRATEGIES
11.3. YOKOGAWA ELECTRIC CORPORATION
11.3.1. COMPANY OVERVIEW
11.3.2. FINANCIAL OVERVIEW
11.3.3. PRODUCTS/INSTALLATIONS OFFERED
11.3.4. KEY DEVELOPMENTS
11.4. ENDRESS+HAUSER GROUP SERVICES AG
11.4.1. COMPANY OVERVIEW
11.4.2. FINANCIAL OVERVIEW
11.4.3. PRODUCTS/INSTALLATIONS OFFERED
11.4.4. KEY DEVELOPMENTS
11.5. CHEMTROLS INDUSTRIES LTD
11.5.1. COMPANY OVERVIEW
11.5.2. FINANCIAL OVERVIEW
11.5.3. PRODUCTS/INSTALLATIONS OFFERED
11.5.4. KEY DEVELOPMENTS
11.6. PROCESS AUTOMATION SOLUTIONS
11.6.1. COMPANY OVERVIEW
11.6.2. FINANCIAL OVERVIEW
11.6.3. PRODUCTS/INSTALLATIONS OFFERED
11.6.4. KEY DEVELOPMENTS
12 COMPANY PROFILES (OIL & STORAGE COMPANIES)
12.1. ROYAL VOPAK
12.1.1. COMPANY OVERVIEW
12.1.2. FINANCIAL OVERVIEW
12.1.3. PRODUCTS/INSTALLATIONS OFFERED
12.1.4. KEY DEVELOPMENTS
12.2. OILTANKING GMBH
12.2.1. COMPANY OVERVIEW
12.2.2. FINANCIAL OVERVIEW
12.2.3. PRODUCTS/INSTALLATIONS OFFERED
12.2.4. KEY DEVELOPMENTS
12.3. VITOL
12.3.1. COMPANY OVERVIEW
12.3.2. FINANCIAL OVERVIEW
12.3.3. PRODUCTS/INSTALLATIONS OFFERED
12.3.4. KEY DEVELOPMENTS
12.4. TECHNIPFMC PLC
12.4.1. COMPANY OVERVIEW
12.4.2. FINANCIAL OVERVIEW
12.4.3. PRODUCTS/INSTALLATIONS OFFERED
12.4.4. KEY DEVELOPMENTS
12.5. BUCKEYE PARTNERS
12.5.1. COMPANY OVERVIEW
12.5.2. FINANCIAL OVERVIEW
12.5.3. PRODUCTS/INSTALLATIONS OFFERED
12.5.4. KEY DEVELOPMENTS
12.6. CENTRICA PLC
12.6.1. COMPANY OVERVIEW
12.6.2. FINANCIAL OVERVIEW
12.6.3. PRODUCTS/INSTALLATIONS OFFERED
12.6.4. KEY DEVELOPMENTS
12.7. MAGELLAN MIDSTREAM PARTNERS, L.P.
12.7.1. COMPANY OVERVIEW
12.7.2. FINANCIAL OVERVIEW
12.7.3. PRODUCTS/INSTALLATIONS OFFERED
12.7.4. KEY DEVELOPMENTS
12.8. AMEC FOSTER WHEELER
12.8.1. COMPANY OVERVIEW
12.8.2. FINANCIAL OVERVIEW
12.8.3. PRODUCTS/INSTALLATIONS OFFERED
12.8.4. KEY DEVELOPMENTS
12.9. WORLEYPARSONS LIMITED
12.9.1. COMPANY OVERVIEW
12.9.2. FINANCIAL OVERVIEW
12.9.3. PRODUCTS/INSTALLATIONS OFFERED
12.9.4. KEY DEVELOPMENTS
12.10. BROOKFIELD INFRASTRUCTURE PARTNERS L.P.
12.10.1. COMPANY OVERVIEW
12.10.2. FINANCIAL OVERVIEW
12.10.3. PRODUCTS/INSTALLATIONS OFFERED
12.10.4. KEY DEVELOPMENTS
13 COMPANY PROFILES (INSTRUMENTATION AND MEASUREMENT SYSTEM COMPANIES)
13.1. EMERSON ELECTRIC CO
13.1.1. COMPANY OVERVIEW
13.1.2. FINANCIAL OVERVIEW
13.1.3. PRODUCTS/INSTALLATIONS OFFERED
13.1.4. KEY DEVELOPMENTS
13.2. TSI INCORPORATED
13.2.1. COMPANY OVERVIEW
13.2.2. FINANCIAL OVERVIEW
13.2.3. PRODUCTS/INSTALLATIONS OFFERED
13.2.4. KEY DEVELOPMENTS
13.3. GANTNER INSTRUMENTS
13.3.1. COMPANY OVERVIEW
13.3.2. FINANCIAL OVERVIEW
13.3.3. PRODUCTS/INSTALLATIONS OFFERED
13.3.4. KEY DEVELOPMENTS
13.4. KEYSIGHT TECHNOLOGIES UK
13.4.1. COMPANY OVERVIEW
13.4.2. FINANCIAL OVERVIEW
13.4.3. PRODUCTS/INSTALLATIONS OFFERED
13.4.4. KEY DEVELOPMENTS
