PUBLISHER: The Business Research Company | PRODUCT CODE: 1465765
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465765
Energy logistics involves overseeing the planning, coordination, and execution of processes related to the efficient management, transportation, and distribution of energy resources such as oil, natural gas, and electricity. This encompasses ensuring the smooth movement of energy products from production facilities to either end-users or storage facilities.
The primary modes of transportation include railways, airways, roadways, and waterways. Railway transport specifically involves the conveyance of passengers and goods through trains utilizing an extensive network of railway tracks. This mode of transport finds applications in diverse sectors such as oil and gas, renewable energy, power generation, and energy mining, with end-users spanning both the government and private sectors.
The energy logistics market research report is one of a series of new reports from The Business Research Company that provides energy logistics market statistics, including energy logistics industry global market size, regional shares, competitors with a energy logistics market share, detailed energy logistics market segments, market trends and opportunities, and any further data you may need to thrive in the energy logistics industry. This energy logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to factors such as urbanization and industrialization, regulatory adjustments, increased demand for liquefied natural gas transportation, a rising need for energy storage solutions, and the liberalization of the energy market.
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 anticipated growth in the forecast period is driven by factors such as the escalating energy consumption in emerging markets, the continuous rise in the global population and urbanization, the expanding industrialization and economic growth, the growing adoption of electric vehicles (EVs), and the increasing digitalization of energy infrastructure. Noteworthy trends in the forecast period encompass technological advancements in transportation, the proliferation of renewable energy markets, the integration of IoT (Internet of Things) in energy logistics, the expansion of LNG bunkering infrastructure for maritime transport, and the fostering of strategic partnerships and collaborations.
The anticipated increase in energy consumption in emerging markets is set to drive the growth of the energy logistics market. The rise in energy consumption serves as an indicator of the escalating total energy utilization within specific geographic areas, be it at a country, regional, or global level. Energy logistics play a crucial role in the transportation sector, facilitating the management, transportation, and distribution of energy resources. This is particularly significant in the movement of people and goods, supporting economic growth, enhancing living standards, and addressing environmental concerns. In April 2023, a report from the United States Energy Information Administration projected a substantial increase in residential electricity consumption between 2022 and 2050, driven by factors such as the adoption of electric vehicles.
Key players in the energy logistics market are directing their efforts towards the development of automation solutions to comply with regulations, address environmental considerations, and meet customer demands. One notable example is the commodity transport web3 field automation solution, designed to streamline the transport process by reducing manual validation, improving communication efficiency, and minimizing discrepancies. In October 2023, Blockchain for Energy (B4E), a US-based non-profit organization, introduced a blockchain energy logistics solution named commodity transport web3 field automation. Utilizing blockchain smart contracts, this solution validates sensor, GPS, and other IoT data to digitize and automate previously manual processes, demonstrating flexibility to accommodate various commodities and regional requirements.
In August 2023, Endless LLP, a UK-based private equity company, completed the acquisition of ASCO Group for an undisclosed amount. This strategic move positions Endless to capitalize on the expanding energy transition market while leveraging ASCO's existing strengths and potential for further development. ASCO Group, a UK-based provider of energy logistics services, is expected to contribute to Endless LLP's strategic objectives in the dynamic energy sector.
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
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.
The countries covered in the energy logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The energy logistics market consists of revenues earned by entities by providing services such as energy management services and solutions aimed at optimizing the transportation, storage, and distribution of energy resources. The market value includes the value of related goods sold by the service provider or included within the service offering. The delta robots market also includes sales of transportation equipment, monitoring and control systems, safety and security equipment, and storage tank tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Energy Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on energy logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for energy logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The energy logistics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.