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 Oil and gas are stored in the period of low demand in storage facilities and are withdrawn from storage facilities during periods of peak and high demand.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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Key Players

The major players operating in oil and gas storage market are

Royal Vopak N.V. (Dutch)
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)

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

Scope of the Report
This study provides an overview of the global oil and gas storage market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global oil and gas storage market by product type, by storage type and by region.

Global Oil and Gas Storage Market, By Product Type

Oil
Natural Gas

Global Oil and Gas Storage Market, By Storage Type

Underground
Aboveground

Global Oil and Gas Storage Market, By Region

Europe
North America
Asia-Pacific
Rest of the world

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Intended Audience

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

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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