Irving, Texas (PRWEB) August 09, 2012
The global oil and gas storage and transportation industry experienced a robust growth over the last five years and is expected to continue its growth momentum, reaching approximately $225 billion in 2017 with a CAGR of 7.8% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global oil and gas storage and transportation industry and presents its findings in “Global Oil and Gas Storage and Transportation Industry 2012-2017:Trend, Profit and Forecast Analysis.”
The global oil and gas storage and transportation industry is highly fragmented with a substantial number of companies present despite the presence of large-scale, vertically integrated international players. Demand, climate change concerns, and government regulationsare seen to impact market dynamics considerably.
Lucintel’s research indicates that after decline in 2009, the industry showed signs of recovery as there was anincrease in industry size in 2010, primarily due to recovery of APAC economy from 2009 economic crisis.
As per the study,increased regulatory environment, geo-political risk, health, safety and environmental risk, occasional oil spills, andhuman capital deficit are some of the challenges for the industry. Increasing oil and gas demand from emerging economies, discovery of new oil and gas reserves, increasing exports and imports of oil, and oil products are anticipated to boost the industry.APAC and the Middle East are projected to lead the industry with a strong demand for crude oil by developing countries such as India and China, growth in income and the accompanying changes in petroleum demand are driven by an ongoing population shift from rural to urban areas; a continuous increase in the demand of petroleum productsisthus expected in the near future. A rise in product demand is set to drive capacity expansions in APAC.
This study provides an overview of the global oil and gas storage and transportation industry.The report tracks one market segments for four geographic regions: thus, it tracks four segments of the industry.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.