Regional Benchmarking of Crude Oil Industry 2011-2020: BRIC Countries and US
Brazil, Russia, India, and China (BRIC) play crucial roles in global economic development, climate change, and primary energy usage. Strong economic growth and low per capita energy consumption boosts these nations’ use of primary energy. The BRIC countries are gradually increasing their share in global oil consumption, which rose from 15% to 21% during 2000 to2010. Although evolving hybrid and electric vehicles pose some challenge to the crude oil industry, oil consumption of BRIC and the US is expected to reach US $1955.5 Billion by 2020. http://www.bharatbook.com/market-research-reports/oil-and-gas-market-research-report/regional-benchmarking-of-crude-oil-industry-2011-2020-bric-countries-and-us.html
Lucintel’s research indicates that, by 2020, US oil consumption is expected to reach a value of US $850 Billion in 2020. Despite innovative strategies to check oil consumption and boost bio fuels in transportation, the US would remain the world’s largest oil consumer.
Brazil’s oil consumption is estimated to grow at a CAGR of approximately 2% from 2010–2020 because of expected development in infrastructure and transportation systems. Russian oil consumption is anticipated to increase with a CAGR of more than 1% because of rising demand for gasoline and diesel in the automobile sector. India’s and China’s oil consumption is estimated to grow with CAGRs of approximately 11 and 9% respectively during 2010–2020. Growing middle class demand for private automobiles is expected to escalate oil consumption .Lucintel’s study indicates Brazil is emerging as a promising destination for investment in crude oil exploration and related segments in the BRIC countries.
Lucintel’s research report provides trend scenarios and forecast statistics for 2000–2020; details the industry’s drivers and challenges: production; consumption; and demand and supply scenarios of the crude oil industry. The report also examines BRIC’s resource potential and the competitive advantages of BRIC and the US through Porter’s Five Forces and diamond analysis. This unique report from Lucintel will provide you with valuable information, insights and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “Regional Benchmarking of Crude Oil Industry 2011 – 2020: BRIC Countries and US” include:
- Crude oil industry trend and forecast in terms of value and volume shipment
- Crude oil industry by applications
- Regional analysis of crude oil industry (BRIC countries and US)
- Major growth drivers and challenges for crude oil industry structure of BRIC countries and US
- Trend and forecast of crude oil industry by demand and supply for BRIC countries and US (2011-2020)
- Michael Porter’s Five Forces Analysis of crude oil industry
- Insight about the government policies promoting crude oil industry in the BRIC countries and US
Benefits of Report:
Lucintel’s core competency is in market research and management consulting. In last 12 years, Lucintel has worked on hundreds of market research studies. Lucintel’s market report following benefits:
- It saves your money, as compared to doing research in house. ($50,000+)
- It saves your time. Lucintel delivers the report in hours vs and report writing.
- It is an un-biased source of industry facts, intelligence and
- It helps you make confident business decisions quickly.
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