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.
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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.
Download Free Sample Report in MINUTES
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.
More details: https://www.technavio.com/report/automated-oil-tank-cleaning-system-market-industry-analysis
Automated Oil Tank Cleaning System Market In EMEA: Type Landscape
The solutions type segment is likely to witness the largest growth during the next few years.
Automated Oil Tank Cleaning System Market In EMEA: Application Landscape
By Application, the downstream application segment is likely to hold the highest share over the next few years.
Automated Oil Tank Cleaning System Market In EMEA: Geographic LandscapeBy geography, Europe is going to have lucrative growth during the forecast period. About 45% of the market's overall growth is expected to originate from Europe. Germany is the key market for the automated oil tank cleaning system market in EMEA.
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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