Liquid Solid Container Rental Market: Overview
Liquid solid containers are used in various activities and operations such as energy exploration and construction. These containers are available in various sizes and shapes. Materials used in manufacturing these containers vary according to the requirement and purpose of the use. Liquid solid containers facilitate easy storage and transportation of various products including natural gas and water.
Companies are avoiding the initial investment which has to be made in order to buy these containers, as the applications in which these containers are used have varying time durations. Moreover, these operations depend on environmental conditions as well as legal constraints. Renting these containers is helping the companies to reduce the heavy initial investment and use that amount for other important business aspects.
Liquid Solid Container Rental Market: Key Drivers and Restraints
Energy exploration is the biggest driver of liquid solid container rental market. Energy sources are scarce in the world and explorations are going on regularly to enhance production. Oil and Gas industry uses containers for processes such as fracking and purification. As these explorations take place across the world, companies avoid carrying too much instruments to reduce the costs. Renting these containers helps companies in reducing the costs.
Fracking water treatment used for fracturing shale rocks by injecting fluids into the ground to release natural gas is gaining popularity worldwide. This treatment requires 1-8 million gallons of water per fracturing job. Containers are used to carry water to the site. Approximately 400 water containers are required for one particular site. Moreover, containers are used in this process to store the waste as well as the natural gas. While using these containers, government regulations must be followed related to the spills and storage of harmful ingredients. Water fracking treatment is under scrutiny as there are various complaints related to water and soil contamination from the areas nearby fracking sites. This could prove to be the restraining factor for the liquid solid container rental market in the near future.
The ever increasing construction activities worldwide are another big source of demand for the liquid solid container rental market. Construction and energy exploration are expected to see continued growth in the near future, further increasing the demand for liquid solid containers. Entry into liquid solid container rental market is easy as there are very few barriers, presenting opportunities for companies.
Liquid Solid Container Rental Market: Competitive Insight
Liquid solid container rental market is a niche market which has the potential to grow further due to easy market entry. Return on investment is the most important part in container rental market as initial cost can be recovered through the rent. High profits involved in liquid solid rental market is attracting new players. Companies are providing value added services along with renting the containers. Maintenance of these containers is extremely important as valuable ingredients are stored in them. Companies are providing maintenance services with other related services such as disposal and movement of solid waste and water. Container renting companies are trying to build international network enabling them to better serve their customers.
Major players in the storage networking market include COLUMBIA TANKS LLC, RPC Inc., Dragon Products, LTD, FMC Technologies, Inc., Halliburton Company, PCI Manufacturing, LLC, Manitex International, Schlumberger Limited, Troxell Company Inc. and Weatherford International Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.