Oil And Gas Infrastructure Global Market Analysis, Trends, Growth, Research And Forecast 2033

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.

Market Overview -
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.

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Natural Gas Boom Fuels Soaring Growth In Oil And Gas Infrastructure Market
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.

Competitive Landscape -
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

Innovative Satellite-Based Inspection Services Transforming Oil And Gas Infrastructure Market
Technological advancements have emerged as the key trend gaining popularity in the oil and gas infrastructure market. Major companies operating in the oil and gas infrastructure market are developing innovative technologies to strengthen their position in the market. For instance, in August 2022, Airbus, a US-based company that deals in aerospace technology develops satellite-based inspection services for oil and gas infrastructure. Inspection of oil and gas infrastructure is required to find problems that could compromise infrastructure integrity before injury or damage is done to the environment, its inhabitants, or its equipment. Satellite technology is advancing quickly, and now it is possible to view photographs at extremely high resolutions. Radar pictures have a resolution of 25 cm and optical images up to 30 cm, respectively (Pléiades Neo) (TerraSAR-X). The Pléiades Neo HD15 imaging product, which was just released, now delivers an amazing 15 cm resolution. These extremely high resolutions enable incredibly thorough inspection of facilities, machinery, and other equipment as well as pipes. The application at hand and the amount of cloud cover will determine which sensor is best.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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