On the basis of type, Storage Tanks Market is segmented as Aboveground storage tanks and underground storage tanks. Storage tanks are mainly classified into the way they are installed.
Aboveground Storage tanks are installed above the ground and exhibit many advantages. Because of their lower long-term maintenance and upfront costs, aboveground fuel tanks (AST) are quite common. These tanks are less expensive to build than underground tanks because they don’t need backfilling, deep drilling, or the concrete with more complicated piping. In comparison to below ground fuel tanks, aboveground fuel tanks are easier to maintain. You can quickly inspect them for leakage and gain access to make fixes. Aboveground petroleum storage tanks are preferred for storing fuels and chemicals because of this.
At least 10% of the stored volume of an underground storage tank (UST) is buried underground. Tanks used to store hazardous materials or fuels are restricted and must be registered with the Environmental Protection Agency. These tanks are ideal for those who want to optimize their property’s space and/or utility. Subterranean concrete tanks can be buried under lawns and driveways, out of sight. These tanks are arguably better because they have a low risk of exploding. However, since these tanks cannot be monitored as often as other tanks, the risk of leakage and contamination is higher.
Based on the applications, Storage tanks can be used in industries such as, petroleum product, chemicals, food processing and others. Storage tanks in petroleum refining, transportation and delivery are same as any container used for liquid storage. The market for storage tanks in petroleum industry is expected to grow in coming years as many companies are planning to add up to their refining capacity and also reserves for balancing the all-time volatile crude oil prices.
- https://exactitudeconsultancy.com/reports/852/storage-tanks-market/
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On the basis of type, Storage Tanks Market is segmented as Aboveground storage tanks and underground storage tanks. Storage tanks are mainly classified into the way they are installed.
Aboveground Storage tanks are installed above the ground and exhibit many advantages. Because of their lower long-term maintenance and upfront costs, aboveground fuel tanks (AST) are quite common. These tanks are less expensive to build than underground tanks because they don’t need backfilling, deep drilling, or the concrete with more complicated piping. In comparison to below ground fuel tanks, aboveground fuel tanks are easier to maintain. You can quickly inspect them for leakage and gain access to make fixes. Aboveground petroleum storage tanks are preferred for storing fuels and chemicals because of this.
At least 10% of the stored volume of an underground storage tank (UST) is buried underground. Tanks used to store hazardous materials or fuels are restricted and must be registered with the Environmental Protection Agency. These tanks are ideal for those who want to optimize their property’s space and/or utility. Subterranean concrete tanks can be buried under lawns and driveways, out of sight. These tanks are arguably better because they have a low risk of exploding. However, since these tanks cannot be monitored as often as other tanks, the risk of leakage and contamination is higher.
Based on the applications, Storage tanks can be used in industries such as, petroleum product, chemicals, food processing and others. Storage tanks in petroleum refining, transportation and delivery are same as any container used for liquid storage. The market for storage tanks in petroleum industry is expected to grow in coming years as many companies are planning to add up to their refining capacity and also reserves for balancing the all-time volatile crude oil prices.
- India