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Oil and Gas Storage Service: Global Strategic Business Report

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    Report

  • 284 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140226

Global Oil and Gas Storage Service Market to Reach $14.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Oil and Gas Storage Service estimated at US$11.4 Billion in the year 2020, is projected to reach a revised size of US$14.8 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Storage Services, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$11 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ancillary Services segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 3.6% CAGR

The Oil and Gas Storage Service market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 3.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Other Segments Segment to Record 1.8% CAGR

In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$855.7 Million in the year 2020 will reach a projected size of US$974.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 63 Featured) -

  • Blueknight Energy Partners LP
  • Buckeye Partners LP
  • CIM-CCMP Group
  • Compania Logistica de Hidrocarburos CLH, S.A.
  • Horizon Terminals Limited
  • International-Matex Tank Terminals LLC
  • Kinder Morgan, Inc.
  • Koninklijke Vopak N.V.
  • Magellan Midstream Partners LP
  • NuStar Energy LP
  • Odfjell SE
  • Oiltanking GmbH
  • Vitol Group

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Oil and Gas Storage Service

What is the estimated value of the Global Market for Oil and Gas Storage Service?

The Global Market for Oil and Gas Storage Service was estimated to be valued at $11.4 Billion in 2020.

What is the growth rate of the Global Market for Oil and Gas Storage Service?

The growth rate of the Global Market for Oil and Gas Storage Service is 3.8%, with an estimated value of $14.8 Billion by 2027.

What is the forecasted size of the Global Market for Oil and Gas Storage Service?

The Global Market for Oil and Gas Storage Service is estimated to be worth $14.8 Billion by 2027.

Who are the key companies in the Global Market for Oil and Gas Storage Service?

Key companies in the Global Market for Oil and Gas Storage Service include Blueknight Energy Partners LP, Buckeye Partners LP, CIM, CCMP Group, Compania Logistica de Hidrocarburos CLH, S.A., Horizon Terminals Limited, International, Matex Tank Terminals LLC and Koninklijke Vopak N.V..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Oil and Gas Storage Service - Global Key Competitors Percentage Market Share in 2020 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 2: World Historic Review for Oil and Gas Storage Service by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 3: World 15-Year Perspective for Oil and Gas Storage Service by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2019 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Storage Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 5: World Historic Review for Storage Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 6: World 15-Year Perspective for Storage Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2019 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Ancillary Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 8: World Historic Review for Ancillary Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 9: World 15-Year Perspective for Ancillary Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2019 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 11: World Historic Review for Other Segments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 12: World 15-Year Perspective for Other Segments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2019 & 2027
  • Table 13: World Oil and Gas Storage Service Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2020 (E)
  • Table 14: USA Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 15: USA Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 16: USA 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
CANADA
  • Table 17: Canada Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 18: Canada Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 19: Canada 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
JAPAN
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2020 (E)
  • Table 20: Japan Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 21: Japan Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 22: Japan 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
CHINA
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2020 (E)
  • Table 23: China Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 24: China Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 25: China 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
EUROPE
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2020 (E)
  • Table 26: Europe Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2018 through 2027 and % CAGR
  • Table 27: Europe Historic Review for Oil and Gas Storage Service by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 28: Europe 15-Year Perspective for Oil and Gas Storage Service by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2019 & 2027
  • Table 29: Europe Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 30: Europe Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 31: Europe 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
FRANCE
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2020 (E)
  • Table 32: France Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 33: France Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 34: France 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
GERMANY
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2020 (E)
  • Table 35: Germany Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 36: Germany Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 37: Germany 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
ITALY
  • Table 38: Italy Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 39: Italy Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 40: Italy 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
UNITED KINGDOM
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2020 (E)
  • Table 41: UK Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 42: UK Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 43: UK 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
REST OF EUROPE
  • Table 44: Rest of Europe Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 45: Rest of Europe Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 46: Rest of Europe 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
ASIA-PACIFIC
  • Oil and Gas Storage Service Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2020 (E)
  • Table 47: Asia-Pacific Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 48: Asia-Pacific Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 49: Asia-Pacific 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
REST OF WORLD
  • Table 50: Rest of World Recent Past, Current & Future Analysis for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments - Independent Analysis of Annual Sales in US$ Million for the Years 2018 through 2027 and % CAGR
  • Table 51: Rest of World Historic Review for Oil and Gas Storage Service by Segment - Storage Services, Ancillary Services and Other Segments Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2017 and % CAGR
  • Table 52: Rest of World 15-Year Perspective for Oil and Gas Storage Service by Segment - Percentage Breakdown of Value Sales for Storage Services, Ancillary Services and Other Segments for the Years 2012, 2019 & 2027
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Blueknight Energy Partners LP
  • Buckeye Partners LP
  • CIM-CCMP Group
  • Compania Logistica de Hidrocarburos CLH, S.A.
  • Horizon Terminals Limited
  • International-Matex Tank Terminals LLC
  • Kinder Morgan, Inc.
  • Koninklijke Vopak N.V.
  • Magellan Midstream Partners LP
  • NuStar Energy LP
  • Odfjell SE
  • Oiltanking GmbH
  • Vitol Group