/PRNewswire/ The portable clean-in-place market size is set to grow by USD 425.02 million from 2021 to 2026, progressing at a CAGR of 7.03% according to.
• Africa
This study identifies the increasing market for tank cleaning systems as a service as one of the prime reasons driving the automated oil tank cleaning system market growth in EMEA during the next few years. Also, the increasing need for non-dedicated tanks to store different petroleum products, specifically in Africa, and the increasing penetration of tank cleaning robots will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on automated oil tank cleaning system market in EMEA covers the following areas:
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NEW YORK, May 3, 2021 /PRNewswire/
The automated oil tank cleaning system market in EMEA is expected to grow by USD 33.01 bn, progressing at a CAGR of 5% during the forecast period.
Technavio has announced its latest market research report titled Automated Oil Tank Cleaning System Market in EMEA by Type, Application, and Geography - Forecast and Analysis 2021-2025
The increasing investments in oil storage tanks, increasing extraction of low-grade crude that accumulates more sludge, and regulations in European countries are a few of the major factors propelling the market growth. However, factors such as the stagnant oil industry, lack of awareness among end-users, and high upfront cost of automated oil tank cleaning systems will hamper the market growth.