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Oil & Gas Infrastructure Market Size
- Report ID: GMI5274
- Published Date: May 2022
- Report Format: PDF
Oil & Gas Infrastructure Market Size
Oil & Gas Infrastructure Market was valued at 714.4 billion in 2023 and is projected to grow at over 6.7% CAGR from 2024 to 2032. 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Oil & Gas Infrastructure Market Size in 2023: | USD 714.4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 1.27 Trillion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 215 |
| Tables, Charts & Figures: | 268 |
| Segments covered: | Category |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Oil & Gas Infrastructure Market Scope
