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Automated Oil Tank Cleaning System Market in EMEA 2017-2021

Automated Oil Tank Cleaning System Market in EMEA 2017-2021

About Automated Oil Tank Cleaning System

The automated oil tank cleaning system market structure constitutes automated oil tank cleaning manufacturers that design and manufacture machines for end-users, which include oil industry players in upstream, midstream, and downstream applications. Owing to the high cost involved in buying automated oil tank cleaning systems, end-users prefer to outsource the entire operation of tank cleaning to service providers on the basis of contracts.Technavio’s analysts forecast the automated oil tank cleaning system market in EMEA to grow at a CAGR of 4.21% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the automated oil tank cleaning system market in EMEA for 2017-2021. To calculate the market size, the report considers new installations, sales, volume, value and retrofit, replacement, spares, aftermarket services market.The market is divided into the following segments based on geography:

  • Europe
  • Middle East
  • Africa
Technavio's report, Automated Oil Tank Cleaning System Market in EMEA 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Veolia Environnement
  • Oreco A/S
  • M-I SWACO
  • Scanjet Systems
  • Alfa Laval
Other prominent vendors
  • AL Ghaith Oilfield Supplies & Services
  • ARKOIL Technologies
  • Tank Cleaning Technologies
  • Butterworth
  • KMT International
Market driver
  • Increasing investments in oil storage tanks
  • For a full, detailed list, view our report
Market challenge
  • Stagnant oil industry
  • For a full, detailed list, view our report
Market trend
  • Increasing market for tank cleaning systems as a service
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Releases

Technavio Announces the Publication of its Research Report – Automated Oil Tank Cleaning System Market in EMEA 2017-2021

Technavio recognizes the following companies as the key players in the automated oil tank cleaning system market in EMEA: Veolia Environnement, Oreco A/S, M-I SWACO, Scanjet Systems, and Alfa Laval.

Other Prominent Vendors in the market are: AL Ghaith Oilfield Supplies & Services, ARKOIL Technologies, Tank Cleaning Technologies, Butterworth, and KMT International.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing market for tank cleaning systems as a service. Automated oil tank cleaning systems that not only clean the tank from inside but also extract hydrocarbons from the sludge have high upfront costs. As a crude oil tank is usually cleaned over a period of 7 to 10 years, there exists an emerging trend of oil and gas players preferring to outsource the cleaning and extraction processes to service providers in the market.”

According to the report, one driver in the market is increasing investments in oil storage tanks. Owing to shale oil boom in the US, there is an oversupply of crude oil around the world. The US was the largest importer of crude oil from the Middle East and Africa producers. As the US started utilizing its own resources and started extracting oil from shale rocks, with technologies such as hydraulic fracturing and horizontal drilling, its demand for export decreased. This created a situation of oversupply in most of the oil-producing countries.

Further, the report states that one challenge in the market is stagnant oil industry. Technologies such as hydraulic fracturing and horizontal drilling revolutionized the oil and gas industry, by allowing oil extraction from the tough shale rocks in the US. The scenario worsened with Saudi Arabia's decision of not cutting down the production of crude oil. Additionally, relaxation on Iran to export petroleum products added to the oversupply glut of crude oil. Simultaneously, demand reduced due to the economic slowdown, especially in China. Speculation of low prices also added in keeping the market monotonous and reduced prices.

Companies Mentioned

Veolia Environnement, Oreco A/S, M-I SWACO, Scanjet Systems, Alfa Laval, AL Ghaith Oilfield Supplies & Services, ARKOIL Technologies, Tank Cleaning Technologies, Butterworth, and KMT International.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Advantages of automated oil tank cleaning system
      • Table Structure of automated oil tank cleaning system market
      • Table Process of automated oil tank cleaning system
  • Market landscape
    • Market overview
      • Table Overview of automated oil tank cleaning system market in EMEA
    • Market size and forecast
      • Table Automated oil tank cleaning system market in EMEA 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Automated oil tank cleaning system market share in EMEA by application 2016 and 2021 (%)
    • Automated oil tank cleaning system market in EMEA by downstream
      • Table Automated oil tank cleaning system market in EMEA by downstream 2016-2021 ($ millions)
    • Automated oil tank cleaning system market in EMEA by midstream
      • Table Automated oil tank cleaning system market in EMEA by midstream 2016-2021 ($ millions)
    • Automated oil tank cleaning system market in EMEA by upstream
      • Table Automated oil tank cleaning system market in EMEA by upstream 2016-2021 ($ millions)
  • Market segmentation by product
    • Market overview
      • Table Automated oil tank cleaning system market share in EMEA by product 2016 and 2021 (%)
    • Automated oil tank cleaning system market in EMEA by solutions
      • Table Automated oil tank cleaning system market in EMEA by solutions 2016-2021 ($ millions)
    • Automated oil tank cleaning system market in EMEA by services
      • Table Automated oil tank cleaning system market in EMEA by services 2016-2021 ($ millions)
      • Table Services involved in tank cleaning systems
  • Geographical segmentation
    • Market overview
      • Table Automated oil tank cleaning system market share in EMEA by geography 2016 and 2021
    • Automated oil tank cleaning system market in Europe
      • Table Automated oil tank cleaning system market in Europe 2016-2021 ($ millions)
    • Automated oil tank cleaning system market in the Middle East
      • Table Automated oil tank cleaning system market in the Middle East 2016-2021 ($ millions)
    • Automated oil tank cleaning system market in Africa
      • Table Automated oil tank cleaning system market in Africa 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table New investments in EMEA:
      • Table Few heavy oil producing fields in the Middle East
      • Table ATEX European standards
      • Table Increase in demand for crude oil in Asia 2005-2021
    • Market challenges
      • Table Comparison of manual with automated oil tank cleaning systems
  • Market trends
    • Increasing market for tank cleaning systems as a service
    • Increasing need for non-dedicated tanks to store different petroleum products, specifically in Africa
    • Increasing penetration of tank cleaning robots
      • Table Advantages of robot tank cleaning
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Veolia Environnement
      • Table Veolia Environnement serves in 3 business segments:
    • Oreco A/S
    • M-I SWACO
    • Scanjet Systems
      • Table Scanjet Systems serves tank cleaning systems in the following industries:
    • Alfa Laval
      • Table Alfa Laval: Business divisions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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