Press release
Oil And Gas Infrastructure Market Size Projected To Reach $1108.31 Billion By 2034 With A Cagr Of 8.4%
Oil And Gas Infrastructure
What Is the Projected Growth of the Oil And Gas Infrastructure Market?
The market size for oil and gas infrastructure has seen a significant increase in past years. The growth from $739.23 billion in 2024 to $804.06 billion in 2025 signifies a compound annual growth rate (CAGR) of 8.8%. Factors like the increase in energy demand, accessibility to resources, fluctuations in market prices, modernization of infrastructure, and concerns about carbon emissions have contributed to the growth during the historical period.
The market size of oil and gas infrastructure is predicted to experience a robust rise in the years ahead. It is set to inflate to $1108.31 billion by 2029, with a compound annual growth rate (CAGR) of 8.4%. The escalation during the forecast period can be credited to strategies for risk management, adaptability to market changes, financial and investment inclinations, sustainability in supply chain, and integration of remote operations. Prominent trends throughout the forecast span are energy need dynamics, resource obtainability, movement towards renewable energy, market instability, and geopolitical influences.
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What Are the Different Oil And Gas Infrastructure Market 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
Subsegments:
1) By Surface And Lease Equipment: Wellhead Equipment, Separators And Treaters, Pumps And Compressors
2) By Gathering And Processing: Gathering Systems, Processing Facilities
3) By Oil, Gas, And NGL Pipelines: Crude Oil Pipelines, Natural Gas Pipelines, Natural Gas Liquids (NGL) Pipelines
4) By Oil And Gas Storage: Aboveground Storage Tanks (ASTs), Underground Storage (UGS), LNG Storage Tanks
5) By Refining And Oil Products Transport: Refineries, Product Pipelines, Transportation And Distribution Systems
6) By Export Terminals: Crude Oil Export Terminals, LNG Export Terminals, Product Export Terminals
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What Are the Primary Drivers Shaping the Oil And Gas Infrastructure Market?
The oil and gas infrastructure market's expansion is set to be bolstered by the surging demand for natural gas. Regarded as the cleanest fossil fuel on earth, natural gas, which neither has color nor smell, is created from one carbon atom and four hydrocarbon atoms (CH4 or methane). The escalating global demand for natural gas necessitates an increase in its production and a corresponding development of associated infrastructure. To illustrate, the European Commission, a Belgium-based executive arm of the European Union, noted in May 2024 that in 2023, there was a significant rise in natural gas demand in multiple countries compared to 2022, including Finland (+25.6%), Sweden (+11.1%), Poland (+5.3%), Malta (+4.5%), Denmark (+1.1%), and Croatia (+0.8%). Consequently, the burgeoning demand for natural gas is steering the progression of the oil and gas infrastructure market.
Which Companies Are Leading in the Oil And Gas Infrastructure Market?
Major companies operating in the oil and gas infrastructure market 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
What Are the Major Trends Shaping the Oil And Gas Infrastructure Market?
Emerging trends in the oil and gas infrastructure market are majorly influenced by technological advancements. Big players in the scene are exploring innovative technologies to gain a competitive edge in the industry. To illustrate, in August 2022, Airbus, an American company specializing in aerospace technology, unveiled satellite-based inspection services tailored for the oil and gas infrastructure sector. Regular inspections are critical in identifying any potential hazards to the infrastructure's safety before they lead to environmental damage, equipment malfunction or harm to the occupying personnel. With the rapid progression of satellite technology, viewing photographs in ultra-high resolutions has now become feasible. For instance, radar images have a resolution of 25 cm, while optical images offer up to 30 cm (Pléiades Neo) (TerraSAR-X). The newly introduced Pléiades Neo HD15 imagery service promises an impressive resolution of 15 cm. Such exceptional resolutions permit meticulous inspection of machinery, facilities, and piping systems. The most suitable sensor will be determined by the needs of the project and the prevalence of cloud cover.
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What Are the Top Revenue-Generating Geographies in the Oil And Gas Infrastructure Market?
Europe was the largest region in the oil and gas infrastructure market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oil And Gas Infrastructure Market?
2. What is the CAGR expected in the Oil And Gas Infrastructure Market?
3. What Are the Key Innovations Transforming the Oil And Gas Infrastructure Industry?
4. Which Region Is Leading the Oil And Gas Infrastructure Market?
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