Oil & Gas Storage Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of XX% during the forecast period 2019 – 2026. North America dominated the global market in 2018 generating the maximum revenue in the global oil & gas storage market.
Market Introduction and Market Dynamics
The major key market driver of the global Oil & Gas Storage Market is the increasing capacity of the oil refinery as many countries are investing in the oil and gas storage market and this is a positive sign to the future of the market. Additionally, the improvement in the storage tank design is also attracting more consumers in this market. However, the sudden fuel crisis & instability in the oil-producing region and frequent oil leakages along with the environmental regulation may hamper the market growth.
Market Segmentation & Crisp Analysis
The global oil & gas storage market is segmented into product, service and geography type. The Product segment is classified into the oil and natural gas storage product. The service segment is divided into storage service, ancillary service and other services that are associated with the oil and gas storage market. The storage segment is further divided into underground storage and above-ground storage. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and Africa & Rest of the World (RoW).
By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Africa and the Rest of the World (RoW). North America includes the USA, Canada & Mexico; while Europe includes Germany, France, the UK, Italy and the rest of Europe. China, Japan, India, South Korea are covered under the Asia-Pacific. Rest of the world covers the South & Central America, Africa, and the Middle East.
Manufacturers’ Competitive Analysis
The top players operating in the market are frequently investing in research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the Oil & Gas Storage Market Royal Vopak N.V. (The Netherlands), Worley Parsons Limited (Australia), Amec Foster Wheeler plc , Chiyoda Corporation (Japan ), Magellan Midstream Partners, Centrica plc (U.K.), Niska Gas Storage Partners LLC, Oiltanking GmbH, Buckeye Partners, L.P., and others.
Scope of the Report
The scope of the report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with market share analysis and competitive scenario is also part of the report. Furthermore, the client information from different industries from the point of view of manufactures has been provided in this report. The data of revenue share, shipment, gross profit, net income have also been included to give a better understanding of the competitors in the Oil & Gas Storage Market.
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