Major Group SIC 5171 - Petroleum Bulk Stations And Terminals

SIC 5171 - Petroleum Bulk Stations And Terminals

SIC 51 - Wholesale Trade-non-durable Goods
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 517 - Petroleum And Petroleum Products
  SIC 511 - Paper And Paper Products SIC 512 - Drugs, Drug Proprietaries, And Druggists' Sundries SIC 513 - Apparel, Piece Goods, And Notions SIC 514 - Groceries And Related Products SIC 515 - Farm-product Raw Materials SIC 516 - Chemicals And Allied Products SIC 517 - Petroleum And Petroleum Products SIC 518 - Beer, Wine, And Distilled Alcoholic Beverages SIC 519 - Miscellaneous Non-durable Goods
  - SIC 5171 - Petroleum Bulk Stations And Terminals
    SIC 5171 - Petroleum Bulk Stations And Terminals SIC 5172 - Petroleum And Petroleum Products Wholesalers, Except Bulk Stations

Establishments primarily engaged in the wholesale distribution of crude petroleum and petroleum products, including liquefied petroleum gas, from bulk liquid storage facilities.

Industry trends:

The Petroleum Bulk Stations and Terminals industry, classified under SIC 5171, is navigating significant transformations driven by various global trends. One major trend is the acceleration toward sustainability and environmental responsibility. There is a growing demand for renewable and low-carbon energy sources, prompting companies to integrate sustainable practices and technologies into their operations. This includes investment in green infrastructure, such as electric vehicle charging stations, to diversify services and reduce carbon footprints.

Another trend is technological advancement. The industry is increasingly adopting digital solutions to enhance operational efficiencies and safety. Real-time data analytics, artificial intelligence, and Internet of Things (IoT) technologies are becoming integral in optimizing supply chains, improving inventory management, and predicting maintenance needs, resulting in cost savings and reduced operational risks.

Regulatory pressures are also shaping the industry landscape. Governments worldwide are implementing stringent environmental regulations, necessitating upgrades and compliance measures in terminal operations. This has led to increased investments in clean technologies and pollution control measures.

Looking ahead, the industry is expected to witness continued consolidation, as companies pursue mergers and acquisitions to achieve economies of scale and expand market share. The rise of alternative fuels such as hydrogen and biofuels could also alter the industry's future, necessitating adaptations in storage and distribution infrastructure.

In conclusion, the Petroleum Bulk Stations and Terminals industry is poised for transformation, driven by sustainability efforts, technological innovations, regulatory changes, and shifts in energy demand. Companies that strategically adapt to these trends can position themselves for growth and resilience in the evolving energy landscape.

This industry is comprised of:

Petroleum bulk stations and terminals-wholesale

Explore related industries:

SIC 4613 - ines, Except Natural Gas SIC 4922 - Natural Gas Transmission SIC 5984 - Liquefied Petroleum Gas (bottled Gas) Dealers

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