Press release
Global Energy Logistics Market to Reach $895.99 Billion by 2029, Growing at 13.4% CAGR
Energy Logistics Market
The energy logistics market has grown rapidly in recent years. It is expected to rise from $467.23 billion in 2024 to $540.99 billion in 2025, at a compound annual growth rate (CAGR) of 15.8%. Growth is attributed to urbanization and industrialization, regulatory changes, increased demand for liquefied natural gas transportation, energy storage solutions, and energy market liberalization.
The energy logistics market will reach $895.99 billion by 2029 at a CAGR of 13.4%, driven by energy consumption growth in emerging markets and adoption of electric vehicles. Key trends include transportation advancements, renewable energy market expansion, and IoT integration.
What Factors Are Fueling Growth in the Energy Logistics Market?
Rising energy consumption in emerging markets is expected to fuel the growth of the energy logistics market. Energy logistics involve the transportation, management, and distribution of energy resources. The increasing demand for energy in these regions supports economic growth, enhances living standards, and reduces environmental impacts. For example, the U.S. Energy Information Administration forecasted that between 2022 and 2050, residential electricity consumption in the U.S. is projected to increase by 14% to 22%. Additionally, electricity demand for transportation, driven by electric vehicle adoption, is expected to rise by up to 2,000% by 2050. Therefore, the rise in energy consumption in emerging markets is driving the energy logistics market.
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Which Leading Companies Are Shaping the Growth of the Energy Logistics Market?
Major companies operating in the energy logistics market are Saudi Aramco, Sinopec Group, PetroChina Company Limited, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, BP plc., Chevron Corporation, Phillips 66, Gazprom PJSC, Eni S.p.A., Energy Transfer LP, Rosneft Oil Company, ConocoPhillips, CNOOC Limited, Enterprise Products Partners L.P., Qatar Petroleum, Enbridge Inc., Occidental Petroleum Corporation, Schlumberger Limited, Baker Hughes Company, Halliburton Company, Kinder Morgan, Inc., Williams Companies Inc., Transocean Ltd
What Are the Key Segments of the Energy Logistics Market?
The energy logistics market covered in this report is segmented -
1) By Mode Of Transport: Railways, Airways, Roadways, Waterways
2) By Application: Oil And Gas, Renewable Energy, Power Generation, Energy Mining
3) By End-User: Government Sector, Private Sector
Subsegments:
1) By Railways: Freight Trains, Tank Wagons, Container Trains
2) By Airways: Cargo Aircraft, Air Freight
3) By Roadways: Tanker Trucks, Fuel Delivery Trucks, Refrigerated Trucks
4) By Waterways: Bulk Carriers, Tanker Ships, Container Ships
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Which Region Dominates the Energy Logistics Market?
Asia-Pacific was the largest region in the energy logistics market in 2024. The regions covered in the energy logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Energy Logistics Global Market Report?
- Market Size Analysis: Analyze the Energy Logistics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Energy Logistics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Energy Logistics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Energy Logistics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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