Energy Logistics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The energy logistics market size has grown rapidly in recent years. It will grow from $402.33 billion in 2023 to $467.23 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to urbanization and industrialization, regulatory changes, demand for liquefied natural gas transportation, demand for energy storage solutions, energy market liberalization.
The energy logistics market size is expected to see rapid growth in the next few years. It will grow to $792.57 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to growing energy consumption in emerging markets, rising global population and urbanization, increasing industrialization and economic growth, increasing adoption of electric vehicles (Evs), expanding digitalization of energy infrastructure. Major trends in the forecast period include technological advancements in transportation, expansion of renewable energy markets, Integration of IoT (Internet of Things) in energy logistics, expansion of LNG bunkering infrastructure for maritime transport, strategic partnership and collaboration.
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Scope Of Energy Logistics Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Energy Logistics Market Overview
Market Drivers –
The growing energy consumption in emerging markets is expected to propel the growth of the energy logistics market going forward. Growing energy consumption indicates an increase in the total amount of energy used within a specific geographic area, such as a country, region, or globally. Energy logistics are used in the transportation sector for management, transportation, and distribution of energy resources, where energy is consumed for moving people and goods to support economic growth, improve living standards, and mitigate environmental impacts. For instance, in April 2023, according to a report published by the United States Energy Information Administration (EIA), a US-based statistical agency, between 2022 and 2050, residential consumption of purchased electricity is projected to rise by approximately 14% to 22%, reaching 5.9 to 6.3 quads, while electricity purchased for transportation, driven by increased adoption of electric vehicles (EVs), is expected to surge from 0.1 quads in 2022 to between 0.6 and 1.3 quads in 2050, marking a substantial 900% to 2,000% increase across all scenarios. Therefore, the rise in energy consumption in emerging markets is driving the growth of the energy logistics market.
Market Trends –
Major companies operating in the energy logistics market are concentrating on the development of automation solution, such as the commodity transport web3 field automation solution, to meet regulatory requirements, address environmental concerns, and satisfy customer demands. The solution automates transport process, reducing manual validation, slow communication, and discrepancies. For instance, in October 2023, Blockchain for Energy (B4E), a US-based non-profit organization, launched a blockchain energy logistics solution called commodity transport web3 field automation. This solution is exclusively available through the B4E network and platform. The solution leverages blockchain smart contracts to validate sensors, GPS, and other IoT data to digitize and automate previously manual processes, and it is flexible enough to support various types of commodities and requirements in different regions.
The energy logistics market covered in this report is segmented –
1) By Mode of Transport: Railways, Airways, Roadways, Waterways
2) By Application: Oil And Gas, Renewable Energy, Power Generation, Energy Mining
3) By End-User: Government Sector, Private Sector
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Regional Insights –
Asia-Pacific was the largest region in the energy logistics market in 2023. The regions covered in the energy logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the energy logistics market are Saudi Aramco, Sinopec Group, PetroChina Company Limited, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP plc., Chevron Corporation, Phillips 66, Gazprom PJSC, Eni S.p.A., Energy Transfer LP, Rosneft Oil Company, ConocoPhillips, CNOOC Limited, Enterprise Products Partners L.P., Qatar Petroleum, Enbridge Inc., Occidental Petroleum Corporation, Schlumberger Limited, Baker Hughes Company, Halliburton Company, Kinder Morgan, Inc., Williams Companies Inc., Transocean Ltd
Table of Contents
- Executive Summary
- Energy Logistics Market Report Structure
- Energy Logistics Market Trends And Strategies
- Energy Logistics Market – Macro Economic Scenario
- Energy Logistics Market Size And Growth
…..
- Energy Logistics Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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