Apr 18, 2019   SOURCE: BusinessWire

Global Oil & Gas Storage Service Market Outlook Report 2019-2023: Dominated by Buckeye Partners, Magellan Midstream Partners, Oiltanking, Royal Vopak, and Vitol - ResearchAndMarkets.com

The "Global Oil and Gas Storage Service Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The oil and gas storage service market will register a CAGR of 2% by 2023. Rising use of natural gas in power generation will drive the oil and gas storage service market in the forthcoming years.

The demand for natural gas is increasing as it has been gaining popularity as a fuel source for power generation worldwide. As a result, to meet the rising demand for natural gas as fuel, the need for oil and gas storage services at distribution hubs is likely to surge considerably during the forecast period.

The rising demand for natural gas will drive the need for storage capacity expansions, in turn, contributing to the growth of the global oil and gas storage services market.

Rising use of natural gas in power generation

The rising use of natural gas in power generation is one of the growth drivers of the global oil and gas storage service market. The need for storage services at distribution hubs is expected to increase, to meet the rising demand for natural gas as fuel during the forecast period.

Operational challenges associated with oil and gas storage service

The operational challenges associated with oil and gas storage service, will hinder the market growth. Such as high operational costs, identification of a suitable location for storages, and addressing environmental issues related to oil and gas storage will hamper the growth of the market.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • Buckeye Partners
  • Magellan Midstream Partners
  • Oiltanking
  • Royal Vopak
  • Vitol

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY SERVICE

  • Comparison by service
  • Storage services - Market size and forecast 2018-2023
  • Ancillary services - Market size and forecast 2018-2023
  • Other services - Market size and forecast 2018-2023
  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Buckeye Partners L.P.
  • Magellan Midstream Partners L.P.
  • Oiltanking GmbH
  • Royal Vopak
  • Vitol

For more information about this report visit https://www.researchandmarkets.com/r/yj96mr