Global Energy Logistics Market Overview and statistic For 2024-2033

LONDON, GREATER LONDON, UK, June 25, 2024 /EINPresswire.com/ -- The global energy logistics market has experienced significant growth, with the market size increasing from $402.33 billion in 2023 to $467.23 billion in 2024, reflecting a compound annual growth rate (CAGR) of 16.1%. This expansion in recent years can be attributed to factors such as urbanization, industrialization, regulatory changes, and the rising demand for liquefied natural gas (LNG) transportation and energy storage solutions.

Rapid Growth Expected Amidst Increasing Energy Consumption
Looking ahead, the energy logistics market is projected to continue its rapid growth trajectory, reaching $792.57 billion by 2028, with a CAGR of 14.1%. Key drivers for this growth include the increasing energy consumption in emerging markets, driven by rising global population, urbanization, industrialization, and the growing adoption of electric vehicles (EVs). The digitalization of energy infrastructure and technological advancements in transportation are also expected to fuel market expansion.

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Major Players and Market Trends
Leading companies in the energy logistics market, such as Saudi Aramco, Exxon Mobil Corporation, and TotalEnergies SE, are focusing on technological innovations to enhance efficiency and sustainability. For instance, advancements in automation solutions like the commodity transport web3 field automation are helping companies meet regulatory requirements and reduce environmental impacts.
In October 2023, Blockchain for Energy (B4E) introduced the commodity transport web3 field automation solution, leveraging blockchain technology and IoT data to automate transport processes effectively. This innovation streamlines operations by minimizing manual validation and communication delays.

Key Market Segments
The energy logistics market is segmented based on:
• Mode of Transport: Railways, Airways, Roadways, Waterways
• Application: Oil and Gas, Renewable Energy, Power Generation, Energy Mining
• End-User: Government Sector, Private Sector
Regional Insights: Asia-Pacific Leads the Market
Asia-Pacific emerged as the largest region in the energy logistics market in 2023 and is expected to maintain its dominance throughout the forecast period. The region's rapid industrialization and infrastructural developments contribute significantly to market growth.

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Energy Logistics Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Energy Logistics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on energy logistics market size, energy logistics market drivers and trends, energy logistics market major players, competitors' revenues, market positioning, and market growth across geographies. The energy logistics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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