Oil storage Tank Service Market is Expected to grow at a robust CAGR of 3.43% through 2030F
The increasing global oil storage tank
service market is driven by increasing adoption of robotic and automated
cleaning systems, digitalization and remote monitoring of tank operations
during the forecast period 2026-2030F.
According to TechSci Research report, “Oil storage Tank Service Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The
Global Oil storage Tank Service Market was valued at USD 64.13 Billion in 2024
and is expected to reach USD 79.22 Billion by 2030 with a CAGR of 3.43% during
the forecast period. A significant trend in the global oil storage tank service
market is the growing adoption of robotic and automated tank cleaning systems.
As safety, speed, and efficiency become top priorities for tank farm operators,
robotic solutions are replacing traditional manual cleaning methods, especially
in large above-ground and floating roof tanks. Robotic tank cleaning units are
capable of navigating confined spaces, heavy sludge, and hazardous vapors
without human entry. These systems use rotating nozzles, vacuum arms, and
real-time sensors to conduct thorough cleaning while minimizing downtime and
improving safety. They can reduce tank cleaning time by up to 60% and eliminate
over 80% of human exposure to hazardous environments.
By 2024, it’s estimated that more than
30% of new tank cleaning projects in advanced economies are deploying some form
of automation, with demand growing steadily in Asia and the Middle East.
Robotic units are particularly useful in terminals storing heavy crude or
bunker fuel, where manual sludge removal is time-consuming and labor-intensive.
Furthermore, automation reduces water usage and waste volume, contributing to
sustainability goals. It also enables operators to resume operations faster,
which is crucial for high-throughput terminals. Service providers offering
robotic solutions are reporting 25–35% faster project turnaround and higher
client satisfaction. As the technology becomes more affordable and widely
accepted, even smaller operators are beginning to adopt it, especially those
under regulatory pressure to improve worker safety. The trend is expected to
accelerate as more companies seek to minimize costs and enhance operational
resilience, especially in regions facing skilled labor shortages or stricter
environmental rules.
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Oil storage Tank Service Market"
Based on service type, inspection
is the fastest growing segment in the global Oil storage Tank Service market during
the forecast period, due to increasing regulatory scrutiny, rising safety
concerns, and the growing adoption of advanced diagnostic technologies. Oil
storage tanks are critical assets in the energy supply chain, and any failure
can lead to severe environmental, operational, and financial consequences. As a
result, routine and advanced inspections have become essential for ensuring
tank integrity and extending service life. Governments and industry bodies
globally now mandate frequent inspection of storage tanks to detect corrosion,
leakage, weld failures, and structural weaknesses. For example, above-ground
tanks often require internal and external inspection every 5 to 10 years,
depending on their material, product stored, and usage intensity. These
mandates are pushing both public and private operators to adopt more rigorous
inspection schedules.
Technological advancements have significantly enhanced
the scope and effectiveness of inspection services. Non-Destructive Testing
(NDT) methods—such as ultrasonic testing, magnetic flux leakage, and acoustic
emission techniques—are increasingly being used to identify internal damage
without requiring tank shutdowns. The integration of drones and robotic
crawlers for visual and ultrasonic inspection, particularly in hard-to-access
areas like tank roofs and bottoms, is also accelerating growth in this segment.
In addition, as many tanks worldwide are aging—particularly in North America
and Europe—there’s a heightened need for periodic assessments to prevent
unplanned failures. Operators are also embracing predictive maintenance
strategies based on inspection data analytics to improve safety and reduce
costs. The inspection segment's growth is further fueled by increased
investments in biofuel and chemical storage, which demand higher inspection
frequency due to corrosion and compatibility issues. Altogether, the
combination of regulation, risk management, and technological innovation makes
inspection the most rapidly expanding service category in the oil storage tank
service market.
Based on region, Asia Pacific is the
fastest growing region in the Global Oil storage Tank Service Market during the
forecast period driven by rapid industrialization, increasing energy demand, and
substantial investment in refining and storage infrastructure. Countries such
as China, India, South Korea, Indonesia, and Vietnam are significantly
expanding their oil refining capacities and strategic petroleum reserves,
creating a surge in demand for associated tank services, including cleaning,
inspection, maintenance, and retrofitting. The region is witnessing a sharp
rise in domestic fuel consumption, prompting governments and private players to
enhance oil storage capacity. For example, India plans to increase its strategic
petroleum reserve capacity by over 6.5 million metric tons, while China
continues to expand its already vast reserve infrastructure. These developments
require robust service support to ensure safety, efficiency, and regulatory
compliance.
Additionally, many tanks in Asia Pacific are aging,
especially in mature markets like Japan and South Korea, leading to increased
demand for inspection, repair, and corrosion management services. The
transition to biofuels and low-sulfur fuels is further boosting the need for
cleaning and lining upgrades, as these fuels often cause faster corrosion and
microbial contamination in storage systems. Another key factor is the
increasing enforcement of environmental and safety regulations across the
region. Governments are tightening compliance frameworks, requiring tank owners
to conduct regular inspection and maintenance, particularly at ports and
refining hubs. This has led to a 20–30% rise in service contracts in major
economies. Moreover, the growing adoption of digital and automated service
solutions, such as drone inspections, robotic tank cleaning, and real-time
monitoring, is making tank servicing more efficient and safer in densely
populated and industrially active areas. With its expanding energy
infrastructure, regulatory momentum, and modernization needs, Asia Pacific is
poised to experience the most dynamic growth in oil storage tank services
throughout the forecast period.
Key market players in the Global Oil
storage Tank Service market are: -
- Bilfinger SE
- Veolia Environnement S.A.
- John Wood Group PLC
- MISTRAS Group, Inc.
- GE Digital
- Emerson Electric Co.
- Acuren Inspection, Inc.
- STI Group
- Clean Harbors, Inc.
- T.F. Warren Group
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“The global oil storage tank service market presents
strong growth opportunities driven by expanding refinery and storage
capacities, particularly in emerging economies. Increasing demand for regular
maintenance, cleaning, and inspection—especially in aging
infrastructure—creates consistent service needs. The shift toward
digitalization, including robotic cleaning, drone inspection, and IoT
monitoring, opens avenues for technology-driven providers. Additionally, the
rising focus on environmental compliance and safety standards worldwide boosts
demand for specialized services. As alternative fuels like biofuels and
hydrogen gain momentum, retrofitting and advanced inspection services offer new
opportunities, positioning the market for innovation-led expansion across both
developed and developing regions.Top of Form” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“Oil
storage Tank Service Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Service Type (Cleaning, Inspection, Repair &
Maintenance, Painting & Coating, Others), By Tank Type (Fixed Roof Tanks,
Floating Roof Tanks, Spherical Tanks, Horizontal Tanks, Others), By Application
(Oil & Gas, Power Generation, Marine & Shipping, Aviation, Others), By
Region &Competition, 2020-2030F,” has evaluated the future
growth potential of Global Oil storage Tank Service Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Oil storage Tank Service Market.
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