Key Trends Reshaping the Midstream Oil & Gas Equipment Market: Product Innovation In Midstream Oil And Gas Equipment Market Industry Transformation

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Midstream Oil & Gas Equipment Market Size Growth Forecast: What to Expect by 2025?
There has been significant expansion in the midstream oil & gas equipment market in the past few years. The market value is projected to increase from $33.23 billion in 2024 to $35.27 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.1%. The historic growth can be associated with factors such as a global increase in energy demand, extended oil and gas exploration, planned pipeline infrastructure projects, the internationalization of gas markets, and an upsurge in shale gas production.

How Will the Midstream Oil & Gas Equipment Market Size Evolve and Grow by 2029?
In the coming years, the midstream oil & gas equipment market is projected to experience robust growth, reaching a valuation of $47 billion by 2029, with a 7.4% compound annual growth rate (CAGR). Factors contributing to this expected growth during the forecast period include the shift to renewable energy sources, the establishment of a hydrogen economy, improved pipeline safety measures, global connectivity initiatives, and investments into LNG infrastructure. Upcoming trends during this forecast period involve digitalization and incorporation of IoT, energy storage solutions, advanced inspection techniques, the integration of automation and control systems, digital twin technology, and enhanced safety measures for transportation.

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What Drivers Are Propelling the Growth of Midstream Oil & Gas Equipment Market Forward?
Global surge in the demand for oil and gas is predicted to drive the growth of the midstream oil and gas equipment market. The escalating worldwide necessity for natural resources to meet the energy requirements of various industries and consumers is what this rising demand signifies. Midstream oil and gas equipment play a pivotal role in meeting such demands by ensuring the secure and effective transportation and storage of these resources. For example, the Energy Information Administration, a government agency based in the U.S., reported in October 2024 that there was a production of 100.9 million barrels per day (b/d) globally in 2023, signifying an increase of 1.5 million barrels per day b/d from 99.4 million b/d in 2022. This points to the conclusion that the growing global demand for oil and gas fuels the midstream oil and gas equipment market.

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What Trends Will Shape the Midstream Oil & Gas Equipment Market Through 2029 and Beyond?
In the midstream oil and gas equipment market, the principal trend emerging is product innovation. To maintain their market presence, leading companies in this sector are presenting unique products. For example, CIRCOR International Inc., an American industrial equipment producer, unveiled the innovative CIR 3100 control valve in February 2022. This valve, specifically designed for oil and gas transportation, has customizable internal features that can adapt to changes in process conditions. As a result, this valve can help cut down equipment upkeep expenses. The CIR 3100 is able to function in both low- and high-pressure drop services and provides a class V leakage option for operation in high-temperature conditions.

What Are the Key Segments in the Midstream Oil & Gas Equipment Market?
The midstream oil & gas equipmentmarket covered in this report is segmented -

1) By Type: Pipes, Rail Tank Cars, Gas Processing Equipment, Storage Tanks, Pumps, Valves And Compressors
2) By Resource: Crude Oil, Natural Gas
3) By Application: Air Separation, Gas Lift, Gas Purification, Hydro Desulphurization, Hydrogen Production, Natural Gas Processing, Recycle Compression, Vapor Recovery

Subsegments:
1) By Pipes: Seamless Pipes, Welded Pipes, Coated Pipes
2) By Rail Tank Cars: Pressure Tank Cars, Non-Pressure Tank Cars, Specialty Tank Cars
3) By Gas Processing Equipment: Gas Sweetening Units, Gas Dehydration Units, Fractionation Equipment
4) By Storage Tanks: Aboveground Storage Tanks (AST), Underground Storage Tanks (UST), Floating Roof Tanks
5) By Pumps: Centrifugal Pumps, Positive Displacement Pumps, Submersible Pumps
6) By Valves: Gate Valves, Ball Valves, Check Valves
7) By Compressors: Reciprocating Compressors, Rotary Screw Compressors, Centrifugal Compressors

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Who Are the Key Players Shaping the Midstream Oil & Gas Equipment Market's Competitive Landscape?
Major companies operating in the midstream oil & gas equipment market include Ariel Corporation, EVRAZ plc, General Electric Company, Pentair Industries Inc., Trinity Industries Inc., Exterran Corporation, Sulzer Ltd., Greenbrier Companies Inc., Flowserve Corporation, Tenaris SA, Cameron International Corporation, ABB Limited, Baker Hughes Company, Caterpillar Inc., Halliburton Company, Legend Oil and Gas Ltd., Energy Transfer LP, Boardwalk Pipeline Partners LP, Kinder Morgan Inc., Enterprise Products Partners LP, Enbridge Inc., MarkWest Energy Partners LP, TransCanada Corporation, Cheniere Energy Inc., The Williams Companies Inc., Plains All American Pipeline LP, ONEOK Inc., Compañía de Petróleos de Chile SA, MPLX LP, Magellan Midstream Partners LP, Ebara Corporation

What Geographic Markets Are Powering Growth in the Midstream Oil & Gas Equipment Market?
Asia-Pacific was the largest region in the midstream oil and gas equipment market in 2024. and is expected to be the fastest-growing region in the global midstream oil and gas equipment market during the forecast period. The regions covered in the midstream oil & gas equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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