In 2024, Saudi Aramco had a revenue of about 436.6 billion U.S. dollars. This was a slight drop from about 440.9 billion U.S. dollars in the previous year. Saudi Aramco overview Saudi Aramco, also known as Saudi Arabian Oil Company, is the world's largest oil producer. It was established in the city of Dhahran in Saudi Arabia. Over the past 80 years it became the world’s leader in hydrocarbons exploration, production, refining, distribution, and marketing. Saudi Aramco’s oil and gas production infrastructure leads the industry in production scale, operational reliability, and technical advances. Today, it is one of the most profitable companies worldwide, reporting a net income of over 100 billion U.S. dollars in the 2021 fiscal year. Saudi oil industry Despite experiencing a drop in 2020, the gross domestic product of the oil sector in Saudi Arabia was over 600 billion Saudi riyals. Saudi Arabia has one of the largest oil reserve in the world, measuring more than 40 billion metric tons. Oil production in Saudi Arabia exceeded 11 million barrels per day. Moreover, it is the global export leader in the oil industry. The huge quantity of petroleum and the ease of extraction gave the country an edge over other oil producers, making them more cost effective.

This statistic shows the revenue of the industry “extraction of crude petroleum and natural gas“ in Saudi Arabia from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of extraction of crude petroleum and natural gas in Saudi Arabia will amount to approximately 258,1 billion U.S. Dollars by 2024.

Saudi Arabia is the largest generator of net oil export value for the Organization of the Petroleum Exporting Countries (OPEC). In 2023, its oil export revenues totaled 248 billion U.S. dollars, compared to Iraq’s 102 billion U.S. dollars. Saudi Arabia is also the largest OPEC crude oil exporter, at over six million barrels per day. In total, the OPEC' export revenue stream reached 679.75 billion U.S. dollars in 2023. What is the OPEC? The OPEC was founded in 1960 in Baghdad with just five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Currently, there are 12 member countries, controlling about 80 percent of the world’s global crude oil reserves. OPEC’s market decisions have a significant influence on the global oil market as well as international relations, especially in times of civil unrest that can disrupt fuel supplies. The mission of the organization is to coordinate petroleum policies of its members and to ensure the stabilization of oil markets. The OPEC also provides information about the global oil market. The rise of natural gas, increasing energy independence in some regions, and efforts to fight climate change may signal uncertainties in the OPEC’s future.

GDP Growth Oil Sector in Saudi Arabia decreased to -0.45 percent in the first quarter of 2025 from 3.50 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

The average annual net income from the oil and gas industry worldwide is projected to decrease in the coming years. For instance, Saudi Arabia's oil and gas industry generated a net income of 347 billion U.S. dollars in 2022, but this figure is expected to decline by some 19 percent under a stated policies (STEP) scenario, and up to 47 percent under a net-zero (NZE) scenario. The STEP scenario is based on current policies both already in place and under development while the NZE scenario assumes that the global energy sector will achieve net zero CO₂ emissions by 2050. Saudi Arabia is currently the second-largest crude oil producer worldwide, only behind the United States.

According to projections for 2025, the fiscal breakeven oil price for Saudi Arabia was 90.9 U.S. dollars per barrel. The projections for Saudi Arabia's external breakeven oil price for the same period were at 83 U.S. dollars per barrel. Saudi oil industry   Saudi Arabia’s oil industry entails 17 percent of the world’s proven petroleum reserves. Their oil reserves were expected to exceed 40 billion metric tons by 2020. Its oil sector accounted for about half of the country’s GDP in 2018, and about 70 percent of their export income, as their oil reserves are the second largest in the world and they are the world’s leading petroleum exporter. Saudi Arabia has an advantage over other oil-producing countries as the extraction process is cheaper and easier relative to other regions. The petroleum is handled and mostly controlled by Saudi Aramco which is a public company and the most profitable country in the world as of 2019. The highest value petrochemicals project in the country in 2020 was the Amiral Complex: Ethylene & Propylene Plant. Saudi economy Saudi Arabia is the world’s leader in petroleum exportation. They also had the fifth-largest natural gas reserve in 2019. However, their significant reliance on these natural resources compelled the government to launch its Saudi Vision 2030, which aims on expanding their resources. As a result, in the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014 of more than 10 billion U.S. dollars due to the increase of both the oil and non-oil revenues. Public debt witnessed a significant increase in 2020 following the COVID-19 pandemic but was expected to slowly decrease in the following years. Non-oil revenues accounted for about 38 percent of the country’s revenue in 2019 . The largest non-oil contributor to the country’s GDP was government services.

Saudi Arabia Economic Survey of Establishments: EE: ow Oil and Gas Extraction data was reported at 121,492,283.000 SAR th in 2016. This records a decrease from the previous number of 135,929,469.000 SAR th for 2015. Saudi Arabia Economic Survey of Establishments: EE: ow Oil and Gas Extraction data is updated yearly, averaging 82,958,502.000 SAR th from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 135,929,469.000 SAR th in 2015 and a record low of 34,085,139.000 SAR th in 2011. Saudi Arabia Economic Survey of Establishments: EE: ow Oil and Gas Extraction data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.S001: Economic Survey of Establishments: Enterprise Revenues and Expenditures.

Oil and gas producing countries in the Middle East are among those with the highest reliance on oil and gas for their economic performance. In 2023, Saudi Arabia attributed half of its GDP to oil and gas industry activity. Of the five countries with the highest oil and gas share in GDP, four were in the Middle East. By comparison, despite being the world’s largest oil producer, the oil and gas industry in the United States accounted for only eight percent of total GDP. The role of oil and gas in Saudi Arabia The oil and gas industry is the single most significant contributor to the economy of Saudi Arabia. The country is home to the largest conventional oil field in the world, the Ghawar Field, and oil production reaches around 11.4 million barrels per day. Oil and gas exports are the country’s main means of income. Due to a lower domestic demand than its closest producing competitors, the U.S. and Russia, Saudi Arabia has remained the country with the highest value of oil exports. In 2023, oil exports brought in over 210 billion U.S. dollars. GDP growth amid a stagnating oil market Oil prices and as such oil demand are the greatest determinant for the industry’s financial contributions. In 2024, a sluggish world oil market dampened prices for most of the second half of the year. This will likely be reflected in the fiscal year performance of major oil and gas entities such as Saudi Arabia’s Saudi Aramco and also impact GDP growth projections.

Key information about Saudi Arabia Crude Oil: Production

• Saudi Arabia Crude Oil: Production was reported at 8,937.000 Barrel/Day th in Jan 2025
• This records a decrease from the previous number of 8,950.000 Barrel/Day th for Dec 2024
• Saudi Arabia Crude Oil: Production data is updated monthly, averaging 9,424.000 Barrel/Day th from Jan 2002 to Jan 2025, with 277 observations
• The data reached an all-time high of 11,642.000 Barrel/Day th in Apr 2020 and a record low of 7,121.000 Barrel/Day th in Feb 2002
• Saudi Arabia Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly

Saudi Arabia Economic Survey of Establishments: ER: ow Oil and Gas Extraction data was reported at 665,325,998.000 SAR th in 2016. This records a decrease from the previous number of 747,668,545.000 SAR th for 2015. Saudi Arabia Economic Survey of Establishments: ER: ow Oil and Gas Extraction data is updated yearly, averaging 824,639,180.500 SAR th from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 1,355,124,781.000 SAR th in 2013 and a record low of 654,937,072.000 SAR th in 2009. Saudi Arabia Economic Survey of Establishments: ER: ow Oil and Gas Extraction data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.S001: Economic Survey of Establishments: Enterprise Revenues and Expenditures.

In 2023, hydrocarbons contributed to 67 percent of the government revenue of Saudi Arabia. This is largely attributable to oil and gas production in the country. In comparison, hydrocarbons accounted for 42 percent of the Russian government's revenue that same year.

According to Cognitive Market Research, the global Drilling Fluids market size will be USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

The global Drilling Fluids market will expand significantly by 5.7% CAGR between 2024 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The onshore segment is set to rise due to its rising demand for drilling and completion fluids, which is anticipated to offer profitable prospects for the expansion of the worldwide market throughout the projection period. 
The drilling fluids market is driven by increasing global exploration for oil and gas, and rising demand for shale gas.
High-Pressure, High Temperature (HPHT) held the highest Drilling Fluids market revenue share in 2023.

Market dynamics of Drilling Fluids:

Key drivers of the Drilling Fluids Market

Increasing Global Exploration for Oil and Gas to Promote Economic Development 

Drilling fluids demand is expected to grow as a result of the tremendous new opportunities that the global expansion in oil and gas consumption has brought about for well drilling operations. North America has the highest rate of production for crude oil sourced from offshore resources, followed by Saudi Arabia and Russia. Russia is in second place. Furthermore, a lot of countries all over the world are currently spending money to explore undiscovered gas and oil sources. For example, the GOM announced two new projects related to the production of crude oil on April 14, 2021. When combined, these projects produce 200,000 barrels of oil per day, or 12% of the Gulf of Mexico's total oil production. More crude oil output in the federal Gulf of Mexico (GOM) is anticipated as a result of this enormous project. Source- https://www.eia.gov/todayinenergy/detail.php?id=47536

Increased market growth is anticipated due to the rising demand for shale gas-

The global shale gas industry is growing due to a number of causes, including the growing need for gas-fired power production technologies and the growing emphasis on reducing carbon emissions. Canada, India, Germany, and other countries have made shale gas development a top priority in their national economies. By 2030, an unparalleled upsurge in new LNG projects scheduled to begin operations in 2025 is expected to contribute more than 250 billion cubic metres of annual capacity—roughly 45% of the world's current LNG supply—to the LNG market. (Source- https://www.iea.org/news/the-energy-world-is-set-to-change-significantly-by-2030-based-on-today-s-policy-settings-alone )

In the US, shale gas is being utilised more often to produce electricity, which is advantageous for a number of reasons. The demand for natural gas is expected to expand at an average annual rate of 1.5% between 2019 and 2025. Source- https://www.iea.org/reports/gas-2020/2021-2025-rebound-and-beyond

Restraints of the Drilling Fluids Market

Drilling fluids' negative environmental effects could impede market expansion-

These fluids yield hazardous chemicals during onshore disposal and downhole injection. When specific materials dissolve in groundwater, the quality of the groundwater is reduced. These effluents and pollutants enter the environment, seriously contaminate the land, upset marine environments, and endanger aquatic life in the ocean. This factor is likely to negatively impact the worldwide market in the upcoming period. In order to prevent the negative impacts of fluid on health, safety, and the environment, a ...

The revenue of the petroleum market in Saudi Arabia amounted to $X in 2017, waning by -X% against the previous year. Overall, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y.

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Oil and Gas Logistics Market Size 2024-2028

The oil and gas logistics market size is forecast to increase by USD 4.56 billion at a CAGR of 5.17% between 2023 and 2028.

The market is experiencing significant growth, driven by the shift in freight operations from traditional over-the-road methods to more efficient intermodal transportation. This trend is particularly prominent in the US market, where the expansion of pipeline and rail infrastructure is enabling the transportation of larger volumes of oil and gas products more cost-effectively and sustainably. Another key driver is the increasing replacement of coal-fired power plants with natural gas-based alternatives, which is creating a decrease in demand for natural gas logistics services. However, the market is not without challenges. Logistics planning and supply chain-related issues continue to pose significant hurdles for fuel producers and distributors.
These challenges include managing complex supply chains, ensuring timely delivery, and mitigating the risks associated with price volatility and geopolitical tensions. To capitalize on market opportunities and navigate these challenges effectively, companies must adopt innovative logistics solutions, such as real-time supply chain visibility, predictive analytics, and automation technologies. By leveraging these tools, they can optimize their operations, improve customer service, and gain a competitive edge in the evolving market.

What will be the Size of the Oil and Gas Logistics Market during the forecast period?

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The market encompasses the transportation, storage, and distribution of hydrocarbon reserves, including crude oil and extracted natural gas, from extraction sites to processing plants, refineries, distribution centers, gas stations, and end-users such as homes and industries. This market is driven by the constant demand for petrochemical products and the need for efficient and reliable supply chain solutions to manage the large equipment and materials required for drilling, extraction, and production at onshore and offshore locations. The market's size is significant due to the vast quantities of resources involved, with ongoing exploration and oilfield discoveries adding to the demand for high-end logistics services.
The complexity of the supply chain is increased by the remote locations of many extraction sites and the need for specialized transportation vehicles and drilling equipment. Advancements in technology, such as blockchain technology and modular refinery materials, are transforming the industry by improving efficiency, reducing costs, and increasing transparency in the supply chain. The market is expected to continue growing, driven by the ongoing demand for energy and the need for innovative logistics solutions to meet the unique challenges of the oil and gas industry.

How is this Oil and Gas Logistics Industry segmented?

The oil and gas logistics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Onshore
  Offshore


Type

  Pipeline
  Railroads
  Tanker and trucks


Service

  Upstream Logistics
  Midstream Logistics
  Downstream Logistics


Geography

  North America

    US
    Canada


  Middle East and Africa



  Europe

    Russia


  APAC

    China


  South America

By Application Insights

The onshore segment is estimated to witness significant growth during the forecast period. The market encompasses the supply chain solutions for processing, transporting, and storing crude oil and natural gas from upstream discoveries to downstream refineries and distribution centers. This market involves various sectors, including midstream (processing plants and transportation vehicles) and downstream (refineries, distribution centers, gas stations, and storage facilities). Onshore logistics includes the transportation and provision of crude oil and gases to refineries and industrial users, as well as linking producers to interstate pipelines and refineries. Transportation assets, such as trucks, trailers, railcars, and pipelines, play a crucial role in this market. Safety risks, environmental impact, and energy security concerns are significant factors influencing the market's dynamics.

The use of technology, such as automation, artificial intelligence, blockchain technology, and the Internet of Things, is increasingly becoming essential for improving supply chain efficiency and ensuring safety. The onshore segment includes a vast array of onshore crude oil and refined product infrastructure, including pipelines, terminals, and transportation vehicles. These assets are highly interconnected and are used to service client and business operations. The marke

The Middle East wireline logging services market is experiencing robust growth, driven by the region's significant oil and gas reserves and ongoing exploration and production activities. A compound annual growth rate (CAGR) exceeding 2% indicates a steadily expanding market, projected to reach substantial value over the forecast period (2025-2033). Key drivers include increasing demand for efficient reservoir characterization, advancements in wireline logging technologies (such as enhanced digital logging tools and improved data interpretation software), and a rising focus on improving operational efficiency and reducing drilling costs. The market is segmented by line type (electric and slick line), hole type (open and cased hole), and deployment location (onshore and offshore). Saudi Arabia and the United Arab Emirates are major contributors to market revenue due to their substantial investments in oil and gas infrastructure and ongoing exploration projects. However, the Rest of the Middle East region also presents a significant growth opportunity, especially with the increasing adoption of advanced logging technologies. While challenges exist, such as fluctuating oil prices and geopolitical uncertainties, the long-term outlook for the Middle East wireline logging services market remains positive, fueled by consistent investment in the region's energy sector and the technological advancements within the industry. The competitive landscape is marked by the presence of major international players like Schlumberger, Halliburton, Baker Hughes, and Weatherford, alongside regional service providers. These companies compete on the basis of technology, service quality, and pricing strategies. The increasing adoption of digitalization and data analytics is reshaping the industry, creating opportunities for companies that can offer integrated solutions. To maintain a competitive edge, companies are investing heavily in Research & Development to enhance their existing logging technologies and develop new ones. Furthermore, strategic partnerships and mergers and acquisitions are common strategies among players to increase their market share and expand their service offerings. The market is expected to see further consolidation in the coming years, driven by the need to achieve economies of scale and access a wider range of technologies. Recent developments include: In January 2023, National Energy Services Reunited Corp, a provider of integrated energy services in the Middle East and North Africa, announced it has been awarded a long-term, Wireline Services platform contract in Saudi Arabia, which significantly expands the scope of services provided over a nine-year period. Additionally, NESR will offer advanced cased-hole and perforation services as part of the expanded scope of the contract., In February 2022, Abu Dhabi National Oil Company (ADNOC) announced framework agreement awards valued at USD 1.94 billion to support drilling growth. In addition to boosting crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and ensuring gas self-sufficiency for the United Arab Emirates (UAE), the awards strengthened ADNOC's recent record investment in drilling equipment and services. ADNOC Drilling Company PJSC (ADNOC Drilling), Schlumberger Middle East SA (Schlumberger), Haliburton Worldwide Limited Abu Dhabi (Halliburton), Weatherford Bin Hamoodah Company LLC (Weatherford) received framework agreements for wireline logging and perforation services. The agreements were awarded following competitive bidding processes.. Notable trends are: Onshore Segment to Dominate the Market.

OPEC's net oil export revenue reached 679.75 billion U.S. dollars in 2023, a decrease from 2022. In 2022, figures reached 828.61 billion U.S. dollars. OPEC stands for the Organization of Petroleum Exporting Countries and includes countries located in Africa, South America, the Middle East, and Southeast Asia. Currently, the organization has 12 member countries. OPEC oil production The formation of OPEC marked a shift away from large multinational company market control to a primarily state-based control of natural resources. The supply restrictions that began in 1970 enabled a significant increase in oil prices and thus, OPEC’s revenues. OPEC produces around 40 percent of the world’s total crude oil. Saudi Arabia is one of the largest oil exporters among the OPEC. The country sells around six million barrels of oil per day overseas. In total, some 19.7 million barrels of oil was exported per day by OPEC regions in 2021. OPEC crude oil production can strongly impact global oil prices, especially during periods of war or upheaval. Prices of oil are largely affected by basic supply and demand. As of preliminary 2024 figures, the average price of OPEC crude oil was around 80.48 U.S. dollars per barrel. Low oil prices in 2015 and 2016 were due to a wide range of factors including, but not limited to, lower U.S. production, rising Canadian and Iraqi production, and more energy-efficient vehicles. While the drop in 2020 was due to the coronavirus-pandemic.

The size of the Saudi Arabia Automotive Fuels Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.25% during the forecast period. The market of automotive fuels in Saudi Arabia constitutes one of the highly pivotal segments of the Saudi economy, the country being one of the major producers of this world. The market primarily comprises gasoline and diesel; however, gasoline holds the highest share, as it is more predominantly consumed since most cars and vehicles are of gasoline type. Subsided available prices for fuel have thus led to extremely high consumption rates throughout history. Saudi Arabia has diversified the economy through policies such as Vision 2030, with less dependence on oil revenues. Under this vision, developing alternate fuels and EVs has been encouraged to replace traditional vehicles with cleaner transport modes. The government set targets for increasing electric vehicle use with developments in recharging infrastructure, which align with global trends towards cleaner transportation. Despite this, the shift is gradual with traditional fuels remaining the first choice of most consumers. Still, a growing global interest in sustainability and carbon reduction is leaving the Kingdom with no alternative but to have to find renewable sources such as biofuels and hydrogen. Overall, whereas the Saudi Arabian automotive fuels market is currently dominated by conventional fuels, efforts towards further economic diversification, in addition to a push towards cleaner energy sources, bode quite effectively for a transformation of this sector. Recent developments include: Jul 2023: Saudi Arabia reached a new high in fuel oil imports from Russia, amounting to 193,000 barrels per day (bpd). Fuel oil demand is being driven by the Kingdom's reduction in crude oil production as well as an anticipated increase in summertime electricity consumption., Mar 2023: Saudi Arabia's national oil producer and China's Geely Automobile Holdings and Renault SA signed an agreement to collaborate on the development of automobile engines powered by gasoline, alternative fuels, and hybrid technology, which has moved one step closer to completion.. Key drivers for this market are: 4., Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives. Potential restraints include: 4., Rising Emphasis on Electric Vehicles. Notable trends are: Increasing Automotive Sales in Saudi Arabia to Drive the Market.

Since 2019, the United States has emerged as a leading crude oil producer, surpassing giants like Saudi Arabia and Russia. The surge in domestic oil production, driven by fracking and other unconventional drilling techniques, has significantly increased demand for oil pipelines to transport crude oil to refineries nationwide. Geopolitical tensions, including the war in Ukraine, have further influenced oil prices, causing volatility and necessitating rapid adjustments in oil transportation and production. Technological advancements led to skyrocketing productivity, compensating for rig closures. Environmental regulations and protests played a significant role, culminating in the abandonment of the Keystone XL pipeline project in 2021. The oil pipeline transportation industry's revenue has been declining by a CAGR of 2.4% to $15.9 billion over the five years through 2024, including an expected 0.5% uptick in 2024 alone. In 2024, the landscape for oil pipeline operators continues to face challenges. The year is expected to see an 18.0% drop in active rigs compared to the previous year, driven by factors including falling oil prices, rising labor costs and higher equipment expenses. The declining number of operational rigs has intensified pressure on oil pipelines, raising questions about the necessity of maintaining underutilized infrastructure. Economic conditions, including elevated interest rates, have further strained pipeline expansion efforts, creating a capital-intensive environment that favors market consolidation. Established firms are poised to capitalize on the conditions, while less established companies facing low liquidity may delay expansion plans. Consequently, profit for oil pipeline operators continued to improve, reaching a staggering 41.0% of revenue in 2024. The next five years will see the US continuing its push towards a more sustainable energy future. The ongoing shift to renewables like solar, wind and hydropower, bolstered by public and private investments, is expected to challenge the dominance of oil. Cybersecurity will become a priority for pipeline operators as energy infrastructure faces increasing threats from cybercriminals. Innovations like blockchain and cloud computing are anticipated to play larger roles in bolstering security and operational efficiency. Industry revenue is set to decline by a CAGR of -0.2% to an estimated $15.7 billion through the end of 2029.

Snapshot img { margin: 10px !important; } The global diesel fuel market has the potential to grow by USD 92.15 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (transportation, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp, Exxon Mobil Corp., PetroChina Co. Ltd., Qatar Petroleum, Reliance Industries Ltd., Rosneft Oil Co., Royal Dutch Shell Plc, Saudi Arabian Oil Co., and SK Energy Co. Ltd.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of diesel fuel market

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Market Competitive Analysis

The diesel fuel market is currently fragmented, and the degree of fragmentation will remain the same during the forecast period. Established vendors are adopting inorganic growth strategies such as mergers and acquisitions and partnerships to expand their geographic outreach. BP Plc, Chevron Corp, Exxon Mobil Corp., and PetroChina Co. Ltd. are some of the major market participants. Although the increasing oil and gas E&P investments will offer immense business opportunities, the adoption of alternative fuel vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this diesel fuel market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this diesel fuel market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading diesel fuel companies, including:

BP Plc
Chevron Corp
Exxon Mobil Corp.
PetroChina Co. Ltd.
Qatar Petroleum
Reliance Industries Ltd.
Rosneft Oil Co.
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
SK Energy Co. Ltd.

Diesel Fuel Market: Segmentation by Region

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APAC will offer several growth opportunities to market vendors during the forecast period. In APAC, the rising number of automobiles and growing energy demand in developing countries has increased the need for crude oil and refined products such as diesel fuel. As per the IEA, the demand for oil is rising in countries such as China and India.

About 44% of the market’s growth will originate from APAC during the forecast period. The region is witnessing a significant increase in the average consumer spending owing to stable economic development. This will subsequently drive the growth of industries such as automobile, thereby driving the consumption of diesel fuel in the region. China, India, Japan, and South Korea are the key markets for diesel fuel in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Diesel Fuel Market: Segmentation by End-user

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Diesel is primarily used in the primary modes of urban mobility and transportation such as public transportation, private transportation, and freight transportation. The number of vehicles on the road is expected to increase with the growing urban population. Hence, the increased deployment of vehicles due to the rise in urbanization and industrialization will augment the consumption of diesel fuel.

The market growth by the transportation segment will be faster than the growth of the market by other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the diesel fuel market size.

Diesel Fuel Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. To meet the increasing demand, untapped oil and gas resources are being explored with advanced techniques. Furthermore, to maximize the revenue, oil and gas companies are increasingly investing in mature oil and gas fields. Oil and gas exploration and production (E&P) companies have increased their investments in shale

Market Overview:

The global Booster Compressor market is expected to grow from USD 2.02 Billion in 2017 to USD 3.06 Billion by 2030, at a CAGR of 5.1% from 2017 to 2030. The growth of the global booster compressor market can be attributed to the increasing demand for compressed air in various end-use industries, such as oil & gas, process industry, chemical & petrochemical, power generation, and others. In addition, the growing demand for energy-efficient and reliable Booster Compressors is also fueling the growth of the global booster compressor market.

Product Definition:

A booster compressor is a machine used to increase the air or gas pressure in an engine, pipeline, or another system. It is also known as a Supercharger. The importance of booster compressors is that they can increase the pressure of a fluid or gas to levels that are not achievable with other types of compressors.

Air-cooled:

An air-cooled booster compressor is a type of compressor that uses compressed air to increase the pressure and flow rate of gas or oil. These compressors are used in a variety of industries, including oil and gas production, power generation, chemical and petrochemical manufacturing, and mining. They are also used in processes such as welding, cutting metal, and compressing air for use in vehicles.

Water-cooled:

A water-cooled booster compressor is a type of air-cooled compressor that uses water as the working fluid. This type of compressor is used to increase the airflow and pressure in an engine or other device.

Application Insights:

The oil & gas industry dominated the global booster compressor market in 2014, accounting for over 40% of the overall revenue. The rising demand for crude oil and natural gas from various countries including Saudi Arabia, Russia, and China is expected to boost product demand over the forecast period. The process industry accounted for a significant share in 2014 owing to increasing chemical processing industries across developing nations such as India, South Korea, Brazil, etc. In addition, technological advancements coupled with efficient compressors are expected to drive product demand in this segment over the forecast period.

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing industrialization and rapid urbanization in countries such as China, India, Indonesia, Vietnam, and Thailand. In addition, rising construction activities due to the growing population are expected to drive product demand in the Asia Pacific region. The Middle East & Africa is also likely to witness significant growth over the next few years owing to increasing oil production coupled with government initiatives for boosting oil & gas E&P activities in countries such as Saudi Arabia and UAE. North America accounted for a significant share of global revenue owing to high consumption levels of air-cooled compressors across various industries including food & beverage processing; pharmaceuticals; chemicals; metalworking operations etc., especially within the U.S.

Growth Factors:

• Increasing demand for air compressors in end-user industries such as automotive, aerospace, and manufacturing is expected to drive the growth of the booster compressor market during the forecast period.
• The increasing adoption of booster compressors in oil & gas and petrochemical industries for various applications such as boosting production capacity, compressing natural gas, and processing crude oil is projected to fuel the growth of this market in the near future.
• Rising investments by key players in research and development activities to develop new products with enhanced features are likely to propel the growth of this market over the next few years.
• The growing demand for energy-efficient booster compressors across different industrial sectors is anticipated to create lucrative opportunities for players operating in this market during the forecast period.

Report Scope