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Global Oil Tank Cleaning System market was valued at 290 Million US$ in 2018 and is projected to reach 390 Million US$ by 2025, at a CAGR of 3.8% - Valuates Reports

05-29-2019 08:49 AM CET | Industry, Real Estate & Construction

Press release from: Valuates Reports

Global Oil Tank Cleaning System market was valued at 290 Million

The Automated Oil Tank Cleaning System market was valued at 290 Million US$ in 2018 and is projected to reach 390 Million US$ by 2025, at a CAGR of 3.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automated Oil Tank Cleaning System.

An automated tank cleaning machine is a machine used to clean cargo, process, underground storage tanks and similar equipment such as those found in tank trucks, railroad cars, oil tankers and etc.

View Full Report: https://reports.valuates.com/sreport/QYRE-Auto-P235/Global_Automated_Oil_Tank_Cleaning_System_Market

Key Trends:

The usable tank capacity is reduced by the volume of sludge. The tank operator needs then to clean the tank in order to re-establish its full capacity. In addition to this, national inspection regulations require a leak test every five or 10 years (double floor). To perform this inspection, the tank needs to be completely drained and cleaned. Repair work is often performed on this occasion.

The petrochemical industry and tank terminals are increasingly choosing the option of automated rather than manual tank cleaning. 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. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. United States will still play an important role which cannot be ignored

The study objectives are:

To analyze and research the global Automated Oil Tank Cleaning System status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automated Oil Tank Cleaning System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Inquire for Sample: https://reports.valuates.com/request/sample/QYRE-Auto-P235/Global_Automated_Oil_Tank_Cleaning_System_Market

The following manufacturers are covered in this report:

Alfa Laval
Scanjet Group
Tradebe Refinery Services
Schlumberger
ARKOIL Technologies
Veolia Environnement
Butterworth
Jereh Group
VAOS
Schafer & Urbach
KMT International
STS
Hydrochem
Orbijet
China Oil HBP

Automated Oil Tank Cleaning System Breakdown Data by Type

Services
Equipment

Automated Oil Tank Cleaning System Breakdown Data by Application

Industry
Marine

Automated Oil Tank Cleaning System Production by Region

United States
Europe
China
Japan
Other Regions

Inquire for Discount: https://reports.valuates.com/request/discount/QYRE-Auto-P235/Global_Automated_Oil_Tank_Cleaning_System_Market

Our aim is to collate unparalleled Market insights and notify our customers as and when it happens. Valuates is curating premium Market Research Reports from the leading publishers around the globe. We will help you map your information needs to our report repository of Market research reports and guide you through your purchasing decision. We are based out of silicon valley of India (Bengaluru) and provide 24/7 online and offline support to all our customers and just a phone call away.

For Similar Reports:

Automotive Fuel Tank Market - https://reports.valuates.com/sreport/QYRE-Auto-16141/Global_Automotive_Fuel_Tank_Market

Automotive Plastic Fuel Tank Market - https://reports.valuates.com/sreport/QYRE-Auto-1163/Global_Automotive_Plastic_Fuel_Tank_Market

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