![]() ![]() ![]() The roadways segment held the lion's shareīy mode of transport, the roadways held the largest share in 2021, accounting for more than two-fifths of the global energy logistics market, due to high traffic congestion on the highways, increase in investment, rapid evolution of regulatory policies, and mega infrastructural projects. However, the private sector segment held the largest share in 2021, contributing to more than two-thirds of the global energy logistics market, owing to increased contract allocation to private companies for the extraction of raw material from mines & ores and taking them to private locations such as private refineries or power stations to be used for energy generation. The government sector segment to manifest the highest CAGR through 2031īy end-user, the government sector segment is projected to register the highest CAGR of 15.4% during the forecast period, due to increased government intervention toward acquiring energy generating minerals such as coal, natural gas, petroleum and others to be present under their portfolio. However, the renewable energy segment is expected to manifest the highest CAGR of 18.6% during the forecast period, due to increased demand for green energy to reduce harmful emission. Moreover, the logistics service providers have been offering efficient energy logistical services which leads to the growth of the segment in the global market. The oil & gas segment dominated the market growthīy application, the oil & gas segment held the largest share in 2021, accounting for nearly three-fifths of the global energy logistics market, due to increased activities toward refining oil & gas from natural reservoirs. The Covid-19 outbreak temporarily discontinued the trading activities. These countries are dependent on each other for essential and non-essential goods. China has a vast supply chain network operating across several major countries includes the U.S., India, Japan, South Korea, Italy, Germany, Spain, the UK, and Hong Kong.The logistics firms that are involved in movement, storage, and flow of goods were directly affected by the pandemic. During the pandemic, the supply chain in logistics was disrupted and the transportation industry suffered tremendously.Many businesses and services were halted due to the pandemic and waited a long period for the market conditions to improve.On the contrary, advent of last-mile deliveries and automation in logistics would open new opportunities in the future.ĭownload Report (309 Pages PDF with Insights, Charts, Tables, Figures) at ![]() However, poor infrastructure & higher logistics costs and lack of control of manufacturers on logistics services hinder the market growth. Increase in trade-related agreements, adoption of IoT-enabled connected devices, surge in tech-driven energy logistics services, and rise in wind energy production capabilities have boosted the growth of the global energy logistics market. As per the report, the global energy logistics industry accounted for $351.2 billion in 2021, and is expected to reach $1,383.7 billion by 2031, growing at a CAGR of 14.7% from 2022 to 2031. 7, 2022 /PRNewswire/ - Allied Market Research recently published a report, titled, " Energy Logistics Market by Application (Oil & Gas, Renewable Energy, Power Generation, Energy Mining), by End-User (Government Sector, Private Sector), by Mode of Transport (Railways, Airways, Roadways, Waterways): Global Opportunity Analysis and Industry Forecast, 2021-2031". ![]()
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