Oil and Gas Storage

Global Market Trajectory & Analytics

MCP13681

EXECUTIVE ENGAGEMENTS

OUTREACH

411
Number of executives repeatedly engaged by snail & email outreach

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82
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16
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DATE

APR 2021

TABLES

120

PAGES

193

EDITION

6

PRICE

USD 4950


  

HIGHLIGHTS

Amid the COVID-19 crisis, the global market for Oil and Gas Storage estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$4.7 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027. Open Top Tank, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$713.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Roof Tank segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
The Oil and Gas Storage market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$827 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
In the global Floating Roof Tank segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$519.8 Million by the year 2027.

SELECT PLAYERS

Amec Foster Wheeler PLC; Centrica PLC; Chiyoda Corporation; Koninklijke Vopak N.V.; Magellan Midstream Partners LP; TechnipFMC PLC; The Vitol Group; WorleyParsons Group

SEGMENTS

» Product Design (Open Top Tank, Fixed Roof Tank, Floating Roof Tank, Other Product Designs) » Type (Crude Oil, Gasoline, Aviation Fuel, Naphtha, Diesel, Kerosene, Liquefied Petroleum Gas (LPG))

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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