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U.S. Oil & Gas Infrastructure Market Trends

Report ID: GMI3013
Published Date: Jul 2023
Report Format: PDF

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U.S. Oil & Gas Infrastructure Market Trends

U.S. Oil & Gas Infrastructure Market Size,

The growing regulatory pressure toward environmental protection, emissions reduction, and climate change has led to a greater focus on implementing environmentally sustainable practices, reducing greenhouse gas emissions, and improving the overall environmental footprint of oil and gas infrastructure. Growing technological advancements including automation, remote monitoring, and digitalization play a crucial role in the oil and gas infrastructure sector in enhancing the operational efficiency, improve safety, and optimize asset management. In addition, the increasing use of data analytics and artificial intelligence is also gaining traction for predictive maintenance and optimizing resource allocation. The development of unconventional oil and gas resources, including shale formations, has significantly increased oil and gas production across the country. This has led to the need for infrastructure development to support the extraction, processing, and transportation of these resources.

The expansion of global trade and the increasing demand for natural gas have driven the growth of liquefied natural gas (LNG) exports. LNG terminals and associated infrastructure, including pipelines and storage facilities, are being developed to facilitate the export of natural gas to international markets. The U.S. is heavily investing in expanding their oil and gas infrastructure to diversify their energy sources and reduce dependence on imports. Developing domestic production capabilities and building infrastructure helps enhance energy security by reducing reliance on foreign sources. Technological advancements play a significant role in the growth of oil and gas infrastructure. Innovations in drilling techniques, such as horizontal drilling and hydraulic fracturing (fracking), have unlocked previously inaccessible reserves. Additionally, advancements in pipeline construction, automation, remote monitoring, and digitalization contribute to the expansion and optimization of infrastructure.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of U.S. oil & gas infrastructure was worth over USD 73.8 million in 2023 and is anticipated to expand at 6.5% CAGR from 2024 to 2032, driven by the significant growth in shale oil and gas production which provided a favourable business scenario.

The U.S. oil & gas infrastructure industry from the oil, gas & NGL pipelines segment generated more than USD 22 billion in 2022 and is poised to witness notable growth owing to the surging expansion of natural gas pipelines to support the growing production and demand for natural gas.

The U.S. held more than a 10% share in the global oil & gas infrastructure market in 2022 and is estimated to record considerable growth through 2032 attributed to the geopolitical dynamics, changes in global oil and gas markets, and shifts in supply and demand patterns.

Halliburton, ONEOK, Inc., NGL Energy Partners LP, Enterprise Products Partners L.P., WILLIAMS, Hatch Ltd., Occidental Petroleum Corporation, Marathon Oil Company, Energy Transfer LP, BP p.l.c., ConocoPhillips Company, TotalEnergies, Chevron Corporation, Baker Hughes, Exxon Mobil Corporation, Shell, Royal Vopak, Schlumberger Limited, Kinder Morgan, and Centrica plc. Are some of the top companies engaged in the U.S. oil & gas infrastructure business.