(MENAFN- America News Hour) The latest trending report on Asia Pacific Oil Storage Tank
Service Market research offered by Global Market Insights is an informative
study covering the market with detailed analysis, the report will assist reader
with better understanding and decision making.
The increasing net crude import along with significant
refining infrastructure has positively influenced the demand for storage
facilities and its associated services. For instance, according to the Energy
Market Authority of Singapore, the total crude oil imported in Singapore has
reached 57,954.2 ktoe in 2017 from 46,324.2 ktoe in 2011. In addition, rising
trade flows with exclusive strategic measures to develop the existing reserve
capacity will accelerate oil storage tank service market over the forecast
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The key industry players including John Wood Group PLC,
Veolia, SP Nanibame, Matrix Service, Zaopin Technologies, MISTRAS Group, Inc
are building robust networks to make the service available for the entire oil
& gas industry. The end users of the oil storage tank services are
midstream oil storage companies, depots, terminals, and downstream companies.
The services are usually rendered based on competitive prices and technology
used in the inspection and cleaning of tanks. Moreover, the integration of
digital monitoring systems to enhance the value proposition for the end
consumer has created a favorable business outlook.
This has majorly influenced the expansion and up-gradation of
numerous depots, terminals and tank farms.Few players involved in the Asia
Pacific (APAC) oil storage tank service industry involve MISTRAS Group, Zaopin
Technologies and John Wood Group among others. These firms have created
digitally-integrated solutions to monitor and diagnose those tanks to be able
to secure a competitive edge over other companies within the market.
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Increasing investments towards the development of smart
monitoring and cleaning devices to enhance the service safety index will
proliferate the oil storage tank service market across Asia Pacific.
Furthermore, the introduction of various economical service packages comprising
of both manual and automated systems will drive the industry outlook over the
Demand to boost the existing refining capacity in order to
effectively cater the growing population will drive the China oil storage tank
service market. Increasing demand for hydrocarbons in the country has
necessitated for periodic assessment of existing oil storage facilities which
will positively influence the regional industry growth. Furthermore, the
introduction of several online technologies including guided robots, drones,
and corrosion detecting equipment will stimulate the business outlook over the
Partial Table of
Contents (ToC) of the report:
4 Asia Pacific Oil Storage Tank Service Market, By Country
Asia Pacific oil storage tank service market share by country, 2018 & 2025
China market, 2014 - 2025
India market, 2014 - 2025
Indonesia market, 2014 - 2025
Malaysia market, 2014 - 2025
Singapore market, 2014 - 2025
Thailand market, 2014 - 2025
South Korea market, 2014 - 2025
Japan market, 2014 - 2025
Australia market, 2014 - 2025
5 Company profiles
John Wood Group PLC
Swire Oilfield Services Ltd.
Scanjet Systems AB
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Oil storage tank services are seemingly being supported by
the government authorities as they have introduced multiple amendments that
relate to cleaning, maintenance and inspection of the already existing storage
facilities. APAC oil storage tank service industry size has been expected to
surpass USD 210 million by the year 2025. There has been a rise in the
investments in order to offer major protection and security against extreme
conditions to prevent multiple technical losses.
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headquartered in Delaware, U.S., is a global market research and consulting
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reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
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Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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