Technavio
has announced the top six leading vendors in their recent global
oil and gas storage market report until 2021. This
research report also lists 13 other prominent vendors that are expected
to impact the market during the forecast period.
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Technavio has published a new report on the global oil and gas storage market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global
oil and gas storage market for 2017-2021 provides a detailed
industry analysis based on the product type (oil storage and natural gas
storage), storage type (underground storage and above ground storage),
and geography (the Americas, APAC, and EMEA).
“The global oil and gas storage market is projected to grow to
nearly 2 billion ton of oil equivalent by 2021, at a CAGR of close to 3%
over the forecast period. The increasing preference for natural gas in
power generation is one of the key factors driving the growth of the
market,” says Thanikachalam Chandrasekaran, a lead analyst at
Technavio for oil
and gas research.
Competitive vendor landscape
The oil and gas storage market is dominated by major national oil
companies and large private companies. Various companies have storage
capacity at strategic locations across the globe, to provide quality
service to all customers. The market is moderately consolidated with
high barriers to entry, due to the high capital and operational costs.
The new exploration opportunities coming up in Brazil, India, Mozambique
and Tanzania are expected to facilitate the expansion of oil and gas
storage facilities.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
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Top six vendors in the global oil and gas storage market
Amec Foster Wheeler
Amec Foster Wheeler operates in the oil and gas, chemicals, mining,
power, and environment and infrastructure industries globally. It
provides valuable services in consultancy, engineering, project
management, operations and construction services, project delivery, and
specialized power equipment services to its customers worldwide.
Magellan Midstream Partners
Magellan Midstream Partners is a publicly traded company and provides
services in oil pipelines, storage, and transportation. The company
operates through the crude oil and condensate, refined products, and
marine storage business segments.
Royal Vopak
Royal Vopak is an oil and gas storage provider. Royal Vopak provides
bulk storage and handling services for liquid products, including crude
oil, petroleum products, chemicals, biofuels and vegetable oils, gas,
and LNG at its terminals located across the globe.
TechnipFMC
TechnipFMC operates through four segments: Oil and gas projects,
technologies, systems, and services. It provides engineering,
procurement, and construction, project management, commissioning
expertise across the subsea, onshore/offshore, and surface segments of
oil and gas industry.
Vitol
Vitol is a privately-owned company and provides services in the
refining, trading, shipping, terminals and storage, downstream, power
generation, and upstream (E&P) petroleum industry segments. It has
storage terminals worldwide and provides oil and gas storage to its
customers.
WorleyParsons
WorleyParsons provides engineering, procurements and construction,
project delivery, and consulting services to its customers globally. It
carries out its business through three business segments:
infrastructure, hydrocarbons and minerals, and metals and chemicals.
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About Technavio
Technavio
is leading global technology research and advisory company. The company
develops over 2000 pieces of research every year, covering more than 500
technologies across 80 countries. Technavio has about 300 analysts
globally who specialize in customized consulting and business research
assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
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