Global Oil and Gas Storage Service Market to Reach $17 Billion by 2030
The global market for Oil and Gas Storage Service estimated at US$12.4 Billion in the year 2022, is projected to reach a revised size of US$17 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030. Storage Services, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$12.8 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 2.9% CAGR for the next 8-year period.The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 3.9% CAGR
The Oil and Gas Storage Service market in the U.S. is estimated at US$3.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 3.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.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?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- 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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 284 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 12.4 Billion |
Forecasted Market Value ( USD | $ 17 Billion |
Compound Annual Growth Rate | 4.0% |
Regions Covered | Global |