Global Oil and Gas Storage Industry: Future Demand, Market Analysis & Outlook to 2023

Market Research Future adds new report of “Global Oil and Gas Storage Market Research Report – Forecast to 2023” it contains Company information, geographical data and Table of Content

Market Scenario

Oil and gas storage plays a significant role in ensuring the reliability of supply to meet the demands of the oil and gas industry. Oil and gas storage containers hold liquids, compressed natural gas for short or longer term storage. The deregulation of oil and natural gas operations has made storage an important part of operations for oil and gas companies. These stored oil and natural gas are increasingly used for commercial and operational purposes and requirements by oil and gas companies to meet seasonal demands. Oil and gas are stored in the period of low demand in storage facilities and are withdrawn from storage facilities during periods of peak and high demand. The oil and gas storage market is predominantly classified as underground storage and above ground storage.

Underground storage facilities are chiefly used for storing gaseous forms of natural gas, especially in ground formations such as in salt caverns, aquifers and depleted reservoirs of oil and gas fields. The different storage types have their own physical characteristics such as porosity, permeability, maintenance cost and other miscellaneous cost associated with the site. Oil is usually stored in containers, ships and other facilities so they can be transported effectively. The growing demand for oil and natural gas has resulted in increase in exploration of oil and gas fields, which are used as aboveground and underground facilities. The market is expected to grow at a CAGR of 3.5% during the forecast period.

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Market Segmentation:

  • By Product Type; Oil and Natural Gas
  • By Storage Type; Underground and Aboveground
  • By Regions;

Study Objectives of Global Oil and Gas Storage Market

  • To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global oil and gas storage market
  • To provide insights about factors affecting the market growth
  • To analyze the global oil and gas storage market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segments by type and region
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the oil and gas storage market

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Key Players

The major players operating in oil and gas storage market are

  • Royal Vopak N.V. (The Netherlands)
  • TechnipFMC plc. (U.K.)
  • Magellan Midstream Partners L.P. (U.S.)
  • Amec Foster Wheeler plc. (UK)
  • The Vitol Group (The Netherlands)
  • WorleyParsons Limited (Australia)
  • Niska Gas Storage Partners LLC (U.S.)
  • Centrica plc. (U.K.)
  • Chiyoda Corporation (Japan)

Intended Audience

  • Distributer & Supplier companies
  • End Users
  • Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

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Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

  • Regulatory Landscape
  • Pricing Analysis
  • Macroeconomic Indicators

Geographic Analysis

  • Geographical analysis across 15 countries

Company Information

  • Profiling of 8 key market players
  • In-depth analysis including SWOT analysis, and strategy information of related to report title
  • Competitive landscape including emerging trends adopted by major companies

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