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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

With the emergence and long-term Impact of COVID-19, Global Oil Storage Terminal Market to reach USD 43.95 Billion by 2030

Bizwit Research & Consulting LLP’s recent analysis on the Global Oil Storage Terminal Market points towards a potential rise to USD 43.95 Billion by 2030. Oil storage terminals, also known as oil terminals or tank farms, are facilities used for the storage of various types of oil and petroleum products. They serve as vital infrastructure in the oil industry and play a crucial role in ensuring a stable supply of oil to meet demand.

Oil storage terminals are typically located near major ports, refineries, or production areas to facilitate the efficient transportation, storage, and distribution of oil. These terminals consist of several storage tanks, which can vary in size and capacity, depending on the specific terminal and its intended purpose. The Oil Storage Terminal market is expanding because of factors such as increasing demand energy, rising demand for various crude oil derived products.

Geographically, the global Oil Storage Terminal market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising oil demand, rising government support for the development of oil reserves. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising oil demand, and rising demand for petroleum-based products, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

The global Oil Storage Terminal market is highly competitive owing to the presence of several key players such as Royal Vopak Belco Manufacturing Containment Solutions, Inc. Vitol Oiltanking GmbH CST Industries, Inc. LF Manufacturing Red Ewald Superior Tank Co., Inc. Puma Energy, and others.

For further analysis on this or to request a sample copy of this report, please click the link mentioned below:

Global Oil Storage Terminal Market Size study & Forecast, by Type (Strategic Reserve, Commercial Reserve) by Tank Type (Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank), by Product (Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, Others) and Regional Analysis, 2023-2030

Key findings of the study suggest:

  • Global Oil Storage Terminal Market is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2023-2030.
  • In the Type segment, Strategic Reserve emerged out as the leading market segment in 2022.
  • North America is anticipated to drive regional growth owing to the rising oil demand, rising government support for the development of oil reserves.
  • Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.

Bizwit Research & Consulting has considered following segments for the study:

By Type:

  • Strategic Reserve
  • Commercial Reserve

By Tank Type:

  • Fixed Roof
  • Floating Roof
  • Bullet Tank
  • Spherical Tank

By Product:

  • Diesel
  • Petrol
  • Aviation Fuel
  • Crude Oil
  • Kerosene
  • Others

Regional Outlook

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Korea
    • Australia
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com

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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.

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