Overview and Scope
Oil and gas infrastructure refers to the buildings, equipment, and systems that energy companies need to run their operations. Upstream oil and gas producers require infrastructure to find and use energy resources. Midstream producers have access to the necessary infrastructure for processing and refining fuel. Additionally, by employing infrastructure, downstream producers deliver and sell gas and oil to retailers.
Sizing and Forecast
The oil and gas infrastructure market size has grown strongly in recent years. It will grow from $684.96 billion in 2023 to $744.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to energy demand growth, resource accessibility, market price volatility, infrastructure modernization, carbon emission concerns.
The oil and gas infrastructure market size is expected to see strong growth in the next few years. It will grow to $1032.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to risk mitigation strategies, flexibility for market shifts, financial and investment trends, resilience in supply chain, remote operations integration. Major trends in the forecast period include energy demand dynamics, resource accessibility, shift to renewable energy, market volatility, geopolitical factors.
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Segmentation & Regional Insights
The oil and gas infrastructure market covered in this report is segmented –
1) By Category: Surface And Lease Equipment, Gathering And Processing, Oil, Gas And NGL Pipelines, Oil And Gas Storage, Refining And Oil Products Transport, Export Terminals
2) By Operation: Transmission, Distribution
3) By Deployment: Onshore, Offshore
Europe was the largest region in the oil and gas infrastructure market in 2023. The regions covered in the oil and gas infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for natural gas will propel the growth of the oil and gas infrastructure market going forward. Natural gas has no color or smell and is the cleanest fossil fuel on the planet. It is made up of one carbon atom and four hydrocarbon atoms (CH4 or methane). The growing demand for natural gas worldwide leads to producing more natural gas and the infrastructure needs to be developed. For instance, according to the U.S. Energy Information Administration, a principal agency of the U.S. Federal Statistical System, annual natural gas plant liquids (NGPLs) production reached a record high of nearly 5.40 million barrels per day in 2021. Therefore, the rising demand for natural gas drives the oil and gas infrastructure market.
Key Industry Players
Major companies operating in the oil and gas infrastructure market report are NGL Energy Partners LP, Centrica PLC, Kinder Morgan Inc., Schlumberger Limited, Royal Vopak NV, Shell plc, Exxon Mobil Corporation, Baker Hughes Company, Chevron Corporation, TotalEnergies SE, ConocoPhillips Company, British Petroleum plc, Energy Transfer LP, Marathon Oil Corporation, Occidental Petroleum Corporation, Hatch Ltd., Aker Solutions ASA, Subsea 7 S.A., Saipem S.p.A., Fluor Corporation, KBR Inc., WorleyParsons Limited, Bechtel Corporation, CH2M Hill Companies Ltd., SNC-Lavalin Group Inc., Petrofac Limited, Chicago Bridge & Iron Company N.V., Shawcor Ltd., The Shaw Group Inc., Foster Wheeler AG
The oil and gas infrastructure market report table of contents includes:
1. Executive Summary
2. Oil And Gas Infrastructure Market Characteristics
3. Oil And Gas Infrastructure Market Trends And Strategies
4. Oil And Gas Infrastructure Market – Macro Economic Scenario
5. Global Oil And Gas Infrastructure Market Size and Growth
…..
31. Global Oil And Gas Infrastructure Market Competitive Benchmarking
32. Global Oil And Gas Infrastructure Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Oil And Gas Infrastructure Market
34. Oil And Gas Infrastructure Market Future Outlook and Potential Analysis
35. Appendix
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