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The oil and gas storage service market is forecasted to grow by USD 3.99 billion during 2023-2028, accelerating at a CAGR of 5.11% during the forecast period. The report on the oil and gas storage service 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 increase in global oil and gas demand, rising use of natural gas in power generation, and increased investments in oil and gas pipeline projects.
The oil and gas storage service market is segmented as below:
By Application
- Power plants
- Oil refineries
- Chemical plants
- LNG storage facilities
By Service
- Storage services
- Ancillary services
By Geography
- North America
- Middle East and Africa
- APAC
- Europe
- South America
This study identifies the emergence of solidification technology for natural gas storage as one of the prime reasons driving the oil and gas storage service market growth during the next few years. Also, growing adoption of alternative fuels in marine bunkering and increasing adoption of digital technologies to optimize oil and gas storage operations will lead to sizable demand in the market.
The report on the oil and gas storage service market covers the following areas:
- Oil and gas storage service market sizing
- Oil and gas storage service market forecast
- Oil and gas storage service 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 oil and gas storage service market vendors that include Brooge Energy Ltd., Buckeye Partners LP, Burns and McDonnell, Compagnie Industrielle Maritime, Emirates National Oil Co. Ltd. LLC., Enbridge Inc., Energy Transfer LP, Exolum Corp. S.A., Fluor Corp., IMTT, Kinder Morgan Inc., Koninklijke Vopak NV, LBC Tank Terminals, Marquard and Bahls AG, McDermott International Ltd., NOV Inc., NuStar Energy L.P., Odfjell SE, ONEOK Inc., and Plains All American Pipeline L.P. Also, the oil and gas storage service 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 report 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.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global oil and gas storage service market: Brooge Energy Ltd., Buckeye Partners LP, Burns and McDonnell, Compagnie Industrielle Maritime, Emirates National Oil Co. Ltd. LLC., Enbridge Inc., Energy Transfer LP, Exolum Corp. S.A., Fluor Corp., IMTT, Kinder Morgan Inc., Koninklijke Vopak NV, LBC Tank Terminals, Marquard and Bahls AG, McDermott International Ltd., NOV Inc., NuStar Energy L.P., Odfjell SE, ONEOK Inc., and Plains All American Pipeline L.P..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of solidification technology for natural gas storage."
According to the report, one of the major drivers for this market is the increase in global oil and gas demand.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Brooge Energy Ltd.
- Buckeye Partners LP
- Burns and McDonnell
- Compagnie Industrielle Maritime
- Emirates National Oil Co. Ltd. LLC.
- Enbridge Inc.
- Energy Transfer LP
- Exolum Corp. S.A.
- Fluor Corp.
- IMTT
- Kinder Morgan Inc.
- Koninklijke Vopak NV
- LBC Tank Terminals
- Marquard and Bahls AG
- McDermott International Ltd.
- NOV Inc.
- NuStar Energy L.P.
- Odfjell SE
- ONEOK Inc.
- Plains All American Pipeline L.P.
