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 2031by 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.
Major determinants of 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. However, poor infrastructure & higher logistics costs and lack of control of manufacturers on logistics services hinder the market growth. On the contrary, advent of last-mile deliveries and automation in logistics would open new opportunities in the future.
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The oil & gas segment dominated the market growth
By 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. Moreover, the logistics service providers have been offering efficient energy logistical services which leads to the growth of the segment in the global market. 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.
The government sector segment to manifest the highest CAGR through 2031
By 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 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.
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Major market players :
- A.P. Moller – Maersk, Apollo Power Ltd.
- Beijing Automobile Co., Ltd.
- BYD Motors Inc.
- C.H. Robinson Worldwide Inc.
- DB Schenker
- Deutsche Post AG
- Dongfeng Motor Company
- DSV
- Geodis
- Hellmann Worldwide Logistics
- Kuehne+Nagel International AG
- Logistics Plus Inc.
- MGF
- Phoenix Freight Systems
- Rhenus Group
- Yusen Logistics Co., Ltd.
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Similar Reports We Have on Logistics Industry:
Chemical Logistics Market by Mode of Transportation (Roadways, Railways, Airways, Waterways, and Pipelines), Services (Transportation & Distribution, Storage & Warehousing, Customs & Security, Green Logistics, Consulting & Management Services, and Others), and End Use Industry (Chemical Industry, Pharmaceutical Industry, Cosmetics Industry, Oil & Gas Industry, Specialty Chemicals Industry, Food, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Government & Education Logistics Market by Transport (Railways, Airways, Roadways and Waterways): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Wind Energy Equipment Logistics Market by Transport (Air, Rail, Road, Waterways) and Application (Offshore, Onshore): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Event Logistics Market by Type (Inventory Management, Delivery Systems and Freight Forwarding) and Application (Entertainment, Sports and Trade Fair): Global Opportunity Analysis and Industry Forecast, 2021–2030.
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