Fuels Brokerage- Market Scope
An energy broker is a business that negotiates the best prices from energy providers on behalf of its business and industrial clients. Typically, energy suppliers pay energy brokers, who then bargain with the suppliers to find lower energy costs. In places where energy is deregulated, energy brokers can provide services to residential, commercial, and governmental clients. If an energy broker works with many suppliers and can truly compile the various prices from supplier current supply, future supply, and anticipated global demand, they can offer a useful service. The fuels brokerage market is a specialized segment of the energy industry that requires a deep understanding of the fuel market, including factors such as supply and demand, pricing trends, and regulations.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Karbone (United States), Scb Group (Switzerland), Evolution Markets, Inc. (New York), Axelrod Energy Projects, Llc (United States), Icap (London), Blue Ocean Brokerage (New York ), Lqm (United States), Petroleum Traders (Fort Wayne, In.), Starfuels Products (United States) and Oil Brokerage (United States) |
CAGR | % |
Fuels Brokerage is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Karbone (United States), Scb Group (Switzerland), Evolution Markets, Inc. (New York), Axelrod Energy Projects, Llc (United States), Icap (London), Blue Ocean Brokerage (New York ), Lqm (United States), Petroleum Traders (Fort Wayne, In.), Starfuels Products (United States) and Oil Brokerage (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Fuels Brokerage- market by Type , by Application (Large Enterprises and SMEs) and Region with country level break-up.
On the basis of geography, the market of Fuels Brokerage- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In March 2023, Bunker Holding says LQM ‘turns a new leaf today’, as the US-based broker becomes part of the Dan-Bunkering brand. Explaining the rationale behind the merger, Dan-Bunkering CEO Claus Bulch Klausen said: ‘The combined skillsets from employees on both sides will put us in a position where we can add even more value to both clients and suppliers.
In April 2022, SCB Group was voted the Best Overall Commodity Broker and Best Overall Energy Broker in the 2022 Energy Risk Awards by its clients and partners. In addition, SCB has first place as a broker in Ethanol & Biodiesel, and Second-generation Biofuels as well as first place in Agricultural Grains and Vegetable Oils, and EU Emissions Trading.
Influencing Trend:
decrease in petroleum consumption in the oil and gas industry
Market Growth Drivers:
Rising utilization of oil and oil products and Increasing technological developments in fuel brokers market
Challenges:
Fluctuations in global demand and supply disruptions in oil and gas industry and Between rising and diminishing consumer demand, price fluctuations, and of course, geopolitical issues where one global supplier or another threatens to cut off supplies, every day holds surprises and risks.
Restraints:
Increasing stringent environmental regulations, High operating costs. and Loss of demand from the facility
Opportunities:
Reductions in trade barriers and Increasing concessions to the companies via tax deductions
Key Target Audience
Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, Customers, End User Industry and Others