Middle East Oil and Gas Storage Terminal Market Growth, Size, Trends, Share and Future Outlook
Middle East Oil and Gas Storage Terminal Market Size- By Type, By Tank Type, By Product- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: POAE2454 | Pages: 1 - 156 | Formats*: |
| Category : Power & Energy | |||
Middle East Oil and Gas Storage Terminal Market Introduction and Overview
According to SPER Market Research, the Middle East Oil and Gas Storage Terminal Market is estimated to reach USD 7.49 billion by 2033 with a CAGR 7.98%.
The report includes an in-depth analysis of the Middle East Oil and Gas Storage Terminal Market, including market size and trends, product mix, distribution channels, and supplier analysis. The most essential components of the worldwide network for producing oil and gas are storage terminals, which also serve as the hub of international trading in these resources. The surplus oil that many nations store at their terminals is supplied by imports. For strategic and commercial reserve purposes, oil and gas are stockpiled. For storing gas and oil, various storage tanks are utilized. Generally speaking, there are two sorts of attics: fixed and floating.
- In July 2021, Vopak and Aegis formed a partnership in India to expand their respective businesses in the storage and handling of chemicals and LPG. The new partnership, dubbed Aegis Vopak Terminals Ltd., would run a network of eight terminals with a combined capacity of 960,000 cbm.
- ThyssenKrupp Uhde was hired by Brooge Energy Ltd. in September 2022 to carry out a technical evaluation of the company's proposed green ammonia and green hydrogen project. The research aims to provide operating and capital cost estimates, an EPC timetable, chosen layout, and process documentation.
Market Opportunities and Challenges
Opportunities: Increasing the volume of storage in order to satisfy oil import opportunities in the case of a crisis or shortage has been a top priority for many countries due to the necessity for strategic petroleum reserves. For example, all EU member states are required to maintain a strategic oil reserve that is 90 days' worth of average domestic consumption. Many nations have made investments to expand their oil storage capacity in response to the COVID-19 pandemic's effects. The purpose of the investment was to lessen reliance on fuel imports and address any potential fuel or oil shortage in the event of an emergency.
Challenges: A significant challenge is the shifting price of oil. Due to their reliance on oil earnings, MEA nations are particularly susceptible to fluctuations in oil prices worldwide. By affecting storage terminal usage rates and profitability, this volatility affects the demand for storage services. An additional difficulty in the MEA region is limited infrastructure. Some nations have well-established storage facilities, but others might not have the necessary infrastructure because of past underfunding or geopolitical considerations.
Market Competitive Landscape
The Oil and Gas Storage Terminal Market in Middle East is moderately consolidated. Some of the market key players are Brooge Energy Limited, VTTI, Fujairah National Group, Royal Vopak, General Petroleum, Horizon Terminals, Oman Tank Terminal Company, Oiltanking GmbH, Mitsubishi Corporation, Abu Dhabi National Oil Company.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Tank Type, By Product |
| Regions covered | Qatar, Saudi Arabia, United Arab Emirates. |
| Companies Covered | Brooge Energy Limited, VTTI, Fujairah National Group, Royal Vopak, General Petroleum, Horizon Terminals, Oman Tank Terminal Company, Oiltanking GmbH, Mitsubishi Corporation, Abu Dhabi National Oil Company. |
COVID-19 Impact on Middle East Oil and Gas Storage Terminal Market
A number of global businesses, particularly the automobile and aerospace sectors, are suffering from the growing concerns about COVID-19. Since many Middle Eastern countries depend on the oil and gas industry, these operations have mostly been spared from the lockdown procedures. But the Middle East's industry faced a serious threat from the COVID-19 pandemic. Many of the sector's critical processes faced difficult working circumstances as a result of the severe measures implemented to stop the virus's spread. When working in cramped areas, employees must maintain social distance. Restrictions like travel bans that limit the availability of workers for companies also cause uncertainty in trying to calm down a historically volatile industry.
Key Target Audience:
- Oil and Gas Companies
- Terminal Operators
- Investors and Financial Institutions
- Government Agencies and Regulators
- Engineering, Procurement, and Construction (EPC) Firms
- Consulting Firms
- End Users and Consumers
- International Organizations and Trade Associations
Our in-depth analysis of the Middle East Oil and Gas Storage Terminal Market includes the following segments:
| By Type: |
|
| By Tank Type: |
|
| By Product: |
|
Key Topics Covered in the Report:
- Middle East Oil and Gas Storage Terminal Market Size (FY’2024-FY’2033)
- Overview of Middle East Oil and Gas Storage Terminal Market
- Segmentation of Middle East Oil and Gas Storage Terminal Market By Type (Strategic, Reserve, Commercial Reserve)
- Segmentation of Middle East Oil and Gas Storage Terminal Market By Tank Type (Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank)
- Segmentation of Middle East Oil and Gas Storage Terminal Market By Product (Diesel
- Petrol, Aviation Fuel, Crude Oil, Kerosene, Gas, Others)
- Expansion Analysis of Middle East Oil and Gas Storage Terminal Market
- Problems and Obstacles in Middle East Oil and Gas Storage Terminal Market
- Competitive Landscape in the Middle East Oil and Gas Storage Terminal Market
- Impact of COVID-19 and Demonetization on Middle East Oil and Gas Storage Terminal Market
- Details on Current Investment in Middle East Oil and Gas Storage Terminal Market
- Competitive Analysis of Middle East Oil and Gas Storage Terminal Market
- Prominent Players in the Middle East Oil and Gas Storage Terminal Market
- SWOT Analysis of Middle East Oil and Gas Storage Terminal Market
- Middle East Oil and Gas Storage Terminal Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Middle East Oil and Gas Storage Terminal Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East Oil and Gas Storage Terminal Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East Oil and Gas Storage Terminal Market
7. Middle East Oil and Gas Storage Terminal Market, By Type (USD Million) 2020-2033
7.1. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Type, 2020-20267.2. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Type, 2027-20337.3. Strategic Reserve7.4. Commercial Reserve
8. Middle East Oil and Gas Storage Terminal Market, By Tank Type (USD Million) 2020-2033
8.1. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Tank Type, 2020-20268.2. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Tank Type, 2027-20338.3. Fixed Roof8.4. Floating Roof8.5. Bullet Tank8.6. Spherical Tank
9. Middle East Oil and Gas Storage Terminal Market, By Product (USD Million) 2020-2033
9.1. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Product, 2020-20269.2. Middle East Oil and Gas Storage Terminal Market Size, Share and Forecast, By Product, 2027-20339.3. Diesel9.4. Petrol9.5. Aviation Fuel9.6. Crude Oil9.7. Kerosene9.8. Gas9.9. Others
10. Middle East Oil and Gas Storage Terminal Market Forecast, 2020-2033 (USD Million)
10.1. Middle East Oil and Gas Storage Terminal Market Size and Market Share
11. Middle East Oil and Gas Storage Terminal Market, By Region, 2020-2033 (USD Million)
11.1. Middle East Oil and Gas Storage Terminal Market Size and Market Share By Region (2020-2026)11.2. Middle East Oil and Gas Storage Terminal Market Size and Market Share By Region (2027-2033)11.3. Qatar11.4. Saudi Arabia11.5. United Arab Emirates
12. Company Profile
12.1. Brooge Energy Limited12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. VTTI12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Fujairah National Group12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Royal Vopak12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. General Petroleum12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Horizon Terminals12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Oman Tank Terminal Company12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Oiltanking GmbH12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Mitsubishi Corporation12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Abu Dhabi National Oil Company12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East Oil and Gas Storage Terminal Market CAGR of 7.98% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Middle East Oil and Gas Storage Terminal Market size is USD 7.49 billion from 2024 to 2033.
Middle East Oil and Gas Storage Terminal Market Segment is Covered By Type, By Tank Type, By Product
The Middle East region is anticipated to have the highest market share in Middle East Oil and Gas Storage Terminal Market.
The key players in the market include Companies Covered Brooge Energy Limited, VTTI, Fujairah National Group, Royal Vopak, General Petroleum, Horizon Terminals, Oman Tank Terminal Company, Oiltanking GmbH, Mitsubishi Corporation, Abu Dhabi National Oil Company.
Increasing the volume of storage in order to satisfy oil import opportunities in the case of a crisis or shortage has been a top priority for many countries due to the necessity for strategic petroleum reserves.
Middle East Oil and Gas Storage Terminal Market is projected to reach USD 7.49 billion by 2033, growing at a CAGR of 7.98% during the forecast period.
Middle East Oil and Gas Storage Terminal Market grew in market size from 2024. The Market is expected to reach USD 7.49 billion by 2033, at a CAGR of 7.98% during the forecast period.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
