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Oil & Gas Infrastructure Market Size By Category (Surface and Lease Equipment, Gathering & Processing, Oil, Gas & NGL Pipelines, Oil & Gas Storage, Refining & Oil Products Transport, Export Terminals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI5274
  • Published Date: May 2022
  • Report Format: PDF

Industry Trends

Oil & Gas Infrastructure Market size surpassed around USD 620 billion in 2021 and is projected to grow at over 6% CAGR from 2022 to 2030. Oil & gas infrastructure incorporates a stack of resources including pipelines, refineries, drilling platforms, terminals, storage facilities, and processing plants in oil & gas sector. Rising demand of natural gas in line with growing exploration and production activities will positively sway the business scenario.
 

Oil & Gas Infrastructure Market

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Ongoing utilization of unconventional oil & gas assets including shale oil and tight gas along with advanced technological solutions for increased efficient production rate of oil & gas will drive the market penetration. Moreover, accelerating investment to increase the crude oil production and rising demand for light distillates will boost the industry landscape.
 

The oil & gas infrastructure sector is one of the adversely affected industries during the COVID- 19 pandemic. The major projects saw delays due to forced lockdown limitations across major part of the world. The decline in oil & gas demand due to the travel restrictions from the end user and industrial facilities affected the oil & gas utilization across the world.
 

Ongoing adoption of advanced technological systems

Oil & Gas Infrastructure Market share, By Category

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Oil & gas storage market size valued at nearly USD 22 billion in 2021. High dependability of resources for power generation coupled with retirement of coal fired power substations will complement the segment statistics. Increasing measures pointed toward keeping up with the national security while safeguarding the economy during energy emergency will improve the growth potential for market revenue.
 

Ongoing utilization of oil and natural gas facilities and improvement of storage activities owing to the rising demand of the natural gas in multiple application will influence the industry growth. Increasing requirement for refined petroleum products including fuel oil, diesel fuel, kerosene, gasoline, liquified petroleum gas and liquified natural gas will positively impact the market demand. However, upsurge in need for the innovative technological solution with safer operation in remote areas will thrust the segment outlook.
 

Favorable government policies across the oil & gas industry

Favorable government policies toward the conventional resources combined with high requirement of natural gas will sway the market statistics. Furthermore, increasing investment toward lease equipment and surface design with advanced technological innovations across the upstream sector will positively garner the oil & gas infrastructure market.
 

For instance, in March 2022, Enterprise Products announced to acquire a midstream company Navitas Midstream Partners from the private equity organization Warburg Pincus. The deal accounted for USD 3.25 billion which will accelerate the company’s natural gas pipeline network across the region. This acquisition offers Enterprise’s natural gas liquid and natural gas processing business to Midland Basin, which is one of the prolific crude oils and most economic regions in the U.S.
 

Enlargement of transportation and storage facilities to store the LNG together with security concern of energy will foster the industry. Refurbishment, replacement, upgradation of existing refinery to improve refinery capacity will propel the global oil & gas infrastructure market. In addition, government measures to support gas-based economy with subsidies and incentives provided by regulatory authorities toward the acceptance and implementation of sustainable energy resources will promote the business dynamics.
 

High demand of the crude oil and natural gas across power generation sector

Oil, Gas & NGL Pipeline market is anticipated to surge at a rate of 6% through 2030. Paradigm shift toward gas-based power plants and surging necessity for propylene, ethylene & other natural gas liquids will drive the investment toward the improvement of the infrastructure. Preventing disruption of oil & gas pipeline merged with integration of advanced security systems making operations secure, more economical, and productive will supplement the oil & gas infrastructure market industry statistics.
 

Accelerating spending toward development of LNG terminal alongside shifting trends toward the natural gas pipeline networks will enhance the market share. Further, urge of the natural gas in line with the rapid expansion of the gas transportation infrastructure across the emerging economies will generate the infrastructure requirement.
 

Government measures to reduce the carbon footprints and greenhouse gas emissions has prompted the utilization of CNG and LNG as an alternative fuel of gasoline and diesel which will assist the natural gas infrastructure market. Additionally, U.S. has witnessed an increase in the utilization of LNG cryogenic application in the industrial sector which will augment the business growth.
 

Ongoing infrastructure development to cater the demand of petroleum products

Europe market share for Oil & Gas Infrastructure, By Country

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Europe oil & gas infrastructure market accounted for USD 95 billion in 2021. Favorable government regulations in western European countries with the prevalence of customized and advanced technology solutions will spur the investment opportunity globally. Increasing ask for the natural gas specifically from the Eastern Europe has prompted the exploration of unexplored subsea reserves significantly located across the UK and Norway.
 

Oil & gas infrastructure in Asia Pacific region has projected robust growth led by increasing development of gas infrastructure across the region. The current expansion of city gas distribution to enhance the usage of gas across the residential and commercial sector will stimulate the industry outlook.
 

Strategic mergers and acquisitions by the major players

Major participants across the oil & gas infrastructure market include NGL Energy Partners LP, Centrica plc, Kinder Morgan, Schlumberger Limited, Royal Vopak, Shell, Exxon Mobil Corporation, Baker Hughes, Chevron Corporation, TotalEnergies, ConocoPhillips Company, BP p.l.c., Energy Transfer LP, Marathon Oil Company, Occidental Petroleum Corporation, Hatch, WILLIAMS, Enterprise Products Partners L. PONEOK, and Halliburton.
 

This market research report on oil & gas infrastructure includes in-depth coverage with estimates & forecast in terms of USD from 2018 to 2030, for the following segments:

Market, By Category

  • Surface and Lease Equipment
  • Gathering & Processing
  • Oil, Gas & NGL Pipelines
  • Oil & Gas Storage
  • Refining & Oil Products Transport
  • Export Terminals

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Norway
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Malaysia
    • Vietnam
    • Thailand
  • Middle East & Africa
    • Saudi Arabia
    • Qatar
    • Nigeria
    • Angola
    • UAE
    • Oman
    • Egypt
  • Latin America
    • Brazil
    • Mexico
    • Argentina

 

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of oil & gas infrastructure valued at more than USD 620 billion in 2021 and is poised to record a CAGR of over 6% from 2022 to 2030, says this GMI report.

The oil & gas storage infrastructure segment worth USD 22 billion in 2021 and will expand with the higher dependability of resources for power generation and the retirement of coal-fired power substations.

The oil & gas infrastructure industry in Europe generated over USD 95 billion in 2021 due to the presence of favorable government regulations and access to customized and advanced technology solutions.

The oil, gas & NGL pipeline market is expected to strike a growth rate of around 6% through 2030 owing to the paradigm shift toward gas-based power plants and surging demand for natural gas liquids.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 20
  • Tables & Figures: 268
  • Countries covered: 26
  • Pages: 215

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