Canada Oil and Gas Midstream Market Size (2024 - 2029)

The Canadian oil and gas midstream market is poised for growth, driven by factors such as increased investments in pipeline infrastructure and the development of complex offshore fields. Despite the challenges posed by crude oil price volatility and fluctuating consumption levels, the market's resilience during the COVID-19 pandemic highlights its stability. The transportation segment, particularly through upcoming pipeline projects, is expected to lead the market, while the expanding gas pipeline network further contributes to the market's expansion potential.

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Market Size of Canada Oil and Gas Midstream Industry

Canada Oil and Gas Midstream Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.50 %
Market Concentration Medium

Major Players

Canada Oil and Gas Midstream Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Oil and Gas Midstream Market Analysis

The market for Canadian oil and gas midstream is expected to register a CAGR of more than 2.5% during the forecast period, 2022-2027. The Canadian oil and gas midstream market was fairly unaffected by the COVID-19 pandemic since the constant usage of storage facilities for storing hydrocarbons, usage of pipelines for fuel transportation, and resilient demand for LNG in 2020 increased the demand for midstream services in the country amid pandemic. Factors such as increasing investments in the pipeline sector and increasing production and consumption of oil and gas are expected to boost the demand for the Canada oil and gas midstream market during the forecast period. Upcoming LNG terminal projects are also expected to drive market growth. However, the high volatility of crude oil prices, coupled with a drop in consumption, is expected to hinder the Canadian oil and gas midstream market during the forecast period.

  • The transportation segment is expected to dominate the Canadian oil and gas midstream market during the forecast period, owing to the upcoming pipeline projects (which are in the construction phase).
  • Increasing investments and development of complex offshore fields are expected to increase the demand for midstream services. Therefore, this factor is expected to provide a great opportunity for the Canadian oil and gas midstream sector during the forecast period.
  • The increasing gas pipeline network is expected to drive the growth of the Canadian oil and gas midstream market significantly during the forecast period.

Canada Oil and Gas Midstream Industry Segmentation

The Canadian oil and gas midstream market report includes:

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Canada Oil and Gas Midstream Market Size Summary

The Canadian oil and gas midstream market is poised for growth, driven by increasing investments in pipeline infrastructure and a rising demand for midstream services. The market remained resilient during the COVID-19 pandemic, with steady demand for storage and transportation services. The transportation segment is expected to lead the market expansion, supported by numerous pipeline projects currently under construction. The development of complex offshore fields and an expanding gas pipeline network are anticipated to further bolster the sector. However, challenges such as crude oil price volatility and fluctuating consumption levels may pose obstacles to sustained growth.

Western Canada stands out as the largest market due to its extensive pipeline network, with a notable shift towards natural gas pipelines amid regulatory and social challenges surrounding crude oil transportation. Significant projects, such as the development of a new pipeline to support LNG exports and the Trans Mountain Pipeline Expansion, are set to create substantial opportunities for midstream services. The market is moderately fragmented, with key players like Baker Hughes Company and Tenaris SA actively participating. Despite some funding challenges, the overall outlook for the Canadian oil and gas midstream market remains positive, with promising growth prospects in the coming years.

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Canada Oil and Gas Midstream Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Oil and Gas Operating Pipeline Length Forecast (in km), Canada, till 2027

    3. 1.3 Oil Production and Consumption Trend in thousand barrels per day, Canada, 2010-2020

    4. 1.4 Gas Production and Consumption Trend in billion cubic feet per day (bcf/d), Canada, 2010-2020

    5. 1.5 Government Policies and Regulations

    6. 1.6 Recent Trends and Developments

    7. 1.7 Market Dynamics

      1. 1.7.1 Drivers

      2. 1.7.2 Restraints

    8. 1.8 Supply Chain Analysis

    9. 1.9 PESTLE Analysis

  2. 2. MARKET SEGMENTATION

Canada Oil and Gas Midstream Market Size FAQs

The Canada Oil and Gas Midstream Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

Mistras Group Inc., Trican Well Services Ltd., Baker Hughes Company, Tetra Tech, Inc. and Tenaris S.A. are the major companies operating in the Canada Oil and Gas Midstream Market.

Canada Natural Oil and Gas Midstream Market Report Snapshots

Canada Midstream Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)