Energy Logistics Market Growing at 14.7% CAGR to Hit $1,383.7 Billion | Growth, Share Analysis
๐๐ง๐๐ซ๐ ๐ฒ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ 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". 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 2031.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A07811
The concept of energy logistics is typically attributed to the outsourcing model of energy-based logistics operations, where the service provider integrates with the company's supply chain department. This logistics partner is responsible for assessing, designing, building, running, and measuring integrated supply chain solutions for the organization. It handles the complete process-to-pay workflow, including managing inbound raw material supply, dynamic logistics, demand-driven logistics, and global distribution. For instance, in August 2021, DSV acquired Agility's Global Integrated Logistics (GIL) business, which made DSV offer better solutions across air freight, ocean freight, road transport, project transportation, and contract logistics and made DSV the third largest freight forwarder in the world.
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.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐ก๐ ๐ฅ๐๐๐๐ข๐ง๐ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐ ๐.๐. ๐๐จ๐ฅ๐ฅ๐๐ซ - ๐๐๐๐ซ๐ฌ๐ค, ๐๐ฉ๐จ๐ฅ๐ฅ๐จ ๐๐จ๐ฐ๐๐ซ ๐๐ญ๐., ๐๐๐ข๐ฃ๐ข๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐๐ข๐ฅ๐ ๐๐จ., ๐๐ญ๐., ๐๐๐ ๐๐จ๐ญ๐จ๐ซ๐ฌ ๐๐ง๐., ๐.๐. ๐๐จ๐๐ข๐ง๐ฌ๐จ๐ง ๐๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ ๐๐ง๐., ๐๐ ๐๐๐ก๐๐ง๐ค๐๐ซ, ๐๐๐ฎ๐ญ๐ฌ๐๐ก๐ ๐๐จ๐ฌ๐ญ ๐๐, ๐๐จ๐ง๐ ๐๐๐ง๐ ๐๐จ๐ญ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ, ๐๐๐, ๐๐๐จ๐๐ข๐ฌ, ๐๐๐ฅ๐ฅ๐ฆ๐๐ง๐ง ๐๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ, ๐๐ฎ๐๐ก๐ง๐+๐๐๐ ๐๐ฅ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐, ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐ฅ๐ฎ๐ฌ ๐๐ง๐., ๐๐๐ , ๐๐ก๐จ๐๐ง๐ข๐ฑ ๐ ๐ซ๐๐ข๐ ๐ก๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐ก๐๐ง๐ฎ๐ฌ ๐๐ซ๐จ๐ฎ๐ฉ, ๐๐ง๐ ๐๐ฎ๐ฌ๐๐ง ๐๐จ๐ ๐ข๐ฌ๐ญ๐ข๐๐ฌ ๐๐จ., ๐๐ญ๐.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/energy-logistics-market/purchase-options
The factors such as rise in trade-related agreements, rise of tech-driven energy logistics services, growth in adoption of IoT-enabled connected devices, and increase in wind energy production capabilities supplement the growth of the energy logistics market. However, poor infrastructure & higher logistics costs and lack of control of manufacturers on logistics service are the factors expected to hamper the growth of the market. In addition, emergence of last-mile deliveries coupled with logistics automation and improvement in efficiency and workforce safety creates market opportunities for the key players operating in the market.
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.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
By region, the market across Asia-Pacific held the largest share in 2021, accounting for nearly two-fifths of the global energy logistics market, due to eased adoption of outsourced logistics services and high government support for development of logistics infrastructure in the region. However, the market across LAMEA is expected to showcase the highest CAGR of 18.1% during the forecast period, owing to rise in demand for transport services, economic development, increased customer demand fueled by e-commerce, and rising number of new start-ups.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A07811
The report analyzes these key players of the global energy logistics market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
In addition, the energy logistics market has witnessed significant growth in recent years, owing to improved customer service, reduction in operating costs, and the emergence of a large number of manufacturers & regional energy logistics operators. Furthermore, the companies operating in the market have adopted partnerships, acquisitions, and business expansion to increase their market share and expand their geographical presence. For instance, in May 2022, Kuehne + Nagel International AG partnered with Shell Plc, a British multinational oil and gas company, to support the construction of one of Europe's most extensive biofuel facilities. Kuehne + Nagel International AG helped in the heavy-lift logistics and module transportation for the hydro-processed esters and fatty acids (HEFA) biofuels project for the facility in the Netherlands. In addition, it also provided sustainable logistics solutions for the safe transport of all machinery and equipment to set up the plant.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By application, the renewable energy segment dominated the global energy logistics market in terms of growth rate.
By end user, the government sector segment dominated the global energy logistics market in terms of growth rate.
By mode of transport, the railways segment dominated the global energy logistics market in terms of growth rate.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Europe Cold Chain Logistics Market - https://www.globenewswire.com/en/news-release/2021/05/18/2231335/0/en/Europe-Cold-Chain-Logistics-Market-to-Generate-79-16-Billion-by-2025-Says-Allied-Market-Research.html
Secure Logistics Market - https://www.prnewswire.com/news-releases/secure-logistics-market-to-reach-191-9-billion-globally-by-2032-at-8-4-cagr-allied-market-research-301958261.html
Third-party Logistics (3PL) Market - https://www.prnewswire.com/news-releases/third-party-logistics-3pl-market-to-reach-1-789-94-bn-globally-by-2027-at-7-1-cagr-allied-market-research-301097691.html
Cold Chain Logistics Market - https://www.prnewswire.com/news-releases/cold-chain-logistics-market-to-hit-782-27-billion-globally-by-2031-at-14-6-cagr-allied-market-research-301501909.html
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