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A mobile fuel storage tank is used for transportation and storage of fuel and other industrial fluids to remote service areas, whether in-shop or in-field. It is used to store diesel fuel, motor oils, lubricants, liquid wastes, and other combustible liquid. These storage tanks are used in farms, the agricultural sector, shops, industrial facilities, and construction sites. The mobile diesel fuel tank has also been used as an emergency storage tank for supplying generators, vehicles, and other machinery in emergency periods. The mobile fuel tank is used for portable applications, so they can conform to multiple situations and projects and are available in 500 and 1,000-gallon capacity. The design and structure meet the end-user needs and requirements for storing fuel.
The mobile fuel storage tank market is segmented into the material and end-user segment. The material segment is further segmented into carbon steel, high-density polyethylene (HDPE), and stainless steel. Stainless steel material is projected to boost the market growth as it delivers longer durability, highly resistant to the effects of corrosion and other natural elements like heat, and free from leaking. The end-user segment is further divided into the chemical, oil & gas, aviation, and others. The oil & gas segment contributes to the largest market share in the global market owing to the increasing application of storage of oil & gas.
Increasing refining, transportation, production & exploration of oil & gas brings the application of mobile fuel storage tank. Fracking and transportation of gas drive the demand for the mobile fuel storage tank market in the projected period. However, voltalitiy in the crude prices, along with growing initiatives for clean energy restraints the market growth.
Key Market Driver -
Increasing demand for portable fuel by various end-use industries
Key Market Restraint -
Voltalitiy in oil prices along with growing initiatives for clean energy
Some of the leading manufacturers of mobile fuel storage tank include C&E Plastics Inc., Air Liquide, Rain for Rent International UK, GEI Works, GLI, Gaz Liquid Industrie, Cryolor, Elkoplast CZ, s.r.o., Goavec Engineering, Manitex Sabre Inc., Free Form Plastics, Enduraplas, and CST Industries.
The mobile fuel storage tank market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is anticipated to hold the largest market share in the global market, owing to increasing production and exploration of oil & gas. U.S. holds a large portion of market share due to potential gas and oil reserves. Asia Pacific is also projected to increase its market revenue in the coming years due to growing transportation for oil & gas from China, Japan, and India. China and India had increased production and exploration activities in conventional and Coal Bed Methane (CBM) assets to meet the increasing demand.
The Middle East & Africa is growing its market share owing to an increasing exploration of oil wells and drilling contracts. For instance, in January 2019, McDermott International had achieved a contract from Daelim Saudi Arabia Company for engineering, procurement, and construction (EPC) of storage tanks in Saudi Arabia. Hence, increasing exploration and production activities and growing energy demand drive the demand for a mobile fuel storage tank in the global market
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