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Oil Storage Terminal Market Rising at 4.9% CAGR to Reach USD 37.52 Billion by 2027 Backed by Rapid Industrialization, states Fortune Business Insights™

Oil Storage Terminal Market Rising at 4.9% CAGR to Reach USD 37.52 Billion by 2027 Backed by Rapid Industrialization, states Fortune Business Insights™
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Smart Meter Market to Rise at 7.7% CAGR till 2026; High

Smart Meter Market to Rise at 7.7% CAGR till 2026; High Investments in Integrating Modern Technologies to Provide Impetus to Market Growth, says Fortune Business Insights™
Key Companies Covered in Smart Meter Market Research Report are Siemens (Germany), ABB (Switzerland), Kamsturp (Denmark), Itron (US), Landis + Gyr (Switzerland), Badger Meter (US), Diehl (Germany), Secure Meter Limited(UK), Aclara Technologies (US), Sensus (US), BMETER (UK), Jabil(US), Honeywell (US), ZENNER (US)
July 12, 2021 23:12 ET
| Source:
Fortune Business Insights
Fortune Business Insights
Pune, India, July 12, 2021 (GLOBE NEWSWIRE) The global
smart meter market size is projected to reach USD 44.18 by the end of 2026. Recent technological advancements have emerged in favor of the market in the coming years. According to a report published by Fortune Business Insights, titled “ ....

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Oil Storage Terminal Market to Reach USD 37.52 Billion by

USD 37.52 billion by 2027 at a CAGR of 4.9% in the foreseeable future. This information is published by Fortune Business Insights™ in its report Oil Storage Terminal Market, 2020-2027 . The terminals for oil storage are crucial for the purpose of supplying oil across the globe. Economies that are majorly dependent on the surplus oil production for their income have such storage terminals. The increasing use of automobiles is expected to boost the demand for such terminals.
According to the annual US motor vehicle production and domestic sales report by the Bureau of Transportation statistics, the year 2019 experienced sales of 10134 units in commercial vehicles and 3544 in passenger ones. ....

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Oil Storage Terminal Market to Reach USD 37.52 Billion by 2027 Owing to Increasing Energy Consumption Globally, Reports Fortune Business Insights™

Oil and Gas Industry Affected Negatively Owing to Declining Economy
COVID-19 has drastically affected the oil and gas industry. The major oil-producing countries were affected by the falling global economy and reducing demand for oil. The construction of oil storage terminal and related upgrades are expected to be postponed due to industrial slow down. After the upliftment of lockdown, it is expected that the demand for oil will start to rise as the manufacturing bases will start operating.
Market Segmentation
Based on type, the market for oil storage terminal is segmented into strategic reserve and commercial reserve. The commercial reserves segment dominated the market due to their growing demand. The past few years have experienced a most of the terminals to be used specifically for the purpose of commercial crude oil boosting its demand. ....

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Biogas Market to Exhibit a CAGR of 5.30% by 2027; Construction of Three Biogas Plants by Weltec Biopower to Uplift Biogas Industry: Says Fortune Business Insights™

Biogas Market to Exhibit a CAGR of 5.30% by 2027; Construction of Three Biogas Plants by Weltec Biopower to Uplift Biogas Industry: Says Fortune Business Insights™
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