Market Size of Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 1.90 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Oil and Gas Midstream Market Analysis
The global operating oil and gas pipeline length was estimated to be around 2079.72 thousand km in 2020, which is expected to reach 2400 thousand km by the end of 2027, registering a CAGR of about 1.9% during the forecast period of 2022-2027. The oil and gas midstream 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 kept the demand for midstream services normalized. Factors such as increasing production and consumption of natural gas and refined petroleum products are expected to boost the demand for pipeline services in the coming years and are likely to drive the oil & gas midstream market during the forecast period. However, environmental concerns regarding new pipelines and transportation infrastructure are likely to restrain the growth of the oil & gas midstream market in the coming years.
- The transportation segment is likely to dominate the market during the forecast period due to the increasing demand for refined products.
- Increasing investments and development of small and complex offshore fields in different regions are expected to increase the demand for midstream services. Therefore, this is expected to provide a great opportunity for the midstream sector during the forecast period.
- South America is expected to be the fastest-growing market during the forecast period, mainly due to the growing demand for LNG in countries like Chile, Brazil, and Argentina.
Oil and Gas Midstream Industry Segmentation
The oil and gas midstream market report includes:
| Sector | |
| Transportation | |
| Storage and Terminals |
| Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle-East and Africa |
Oil and Gas Midstream Market Size Summary
The midstream oil and gas market is poised for growth, driven by the increasing demand for transportation and storage of hydrocarbons. The sector remained resilient during the COVID-19 pandemic, with stable demand for storage facilities and pipelines. The transportation segment is expected to dominate the market due to the rising demand for refined products and the need for new infrastructure to accommodate increased energy supply. Investments in small and complex offshore fields are anticipated to further boost the demand for midstream services. However, environmental concerns regarding new pipelines may pose challenges to market expansion. Regions like South America are expected to experience rapid growth, fueled by the demand for LNG and the development of pipeline infrastructure.
Globally, the midstream sector is witnessing significant investments in pipeline construction and transportation facilities, particularly in Asia-Pacific and Africa. The need for new infrastructure is driven by rising energy demand and the expansion of oil and gas supply capabilities. North America, with its aging pipeline infrastructure, is also seeing a push for expansion to meet forecasted demand. South America stands out as a fast-growing market, with countries like Brazil, Chile, and Argentina leading in LNG imports and pipeline development. The region's oil and gas projects offer competitive payback times, attracting investments in both offshore and onshore projects. Key players in the moderately consolidated market include APA Group, Chevron Corporation, BP PLC, Enbridge Pipelines Inc., and Shell PLC, all of which are actively involved in expanding their midstream operations.
Oil and Gas Midstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Oil and Gas Operating Pipeline Length Forecast (in km), till 2027
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1.3 Oil Production and Consumption Trend in thousand barrels per day, 2010-2021
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1.4 Gas Production and Consumption Trend in billion cubic feet per day (bcf/d), 2010-2021
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1.5 Key Midstream Projects Information
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1.5.1 Existing Projects
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1.5.2 Projects in Pipeline
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1.5.3 Upcoming Projects
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 Porter's Five Forces Analysis
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1.10.1 Bargaining Power of Suppliers
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1.10.2 Bargaining Power of Buyers/Consumers
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1.10.3 Threat of New Entrants
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1.10.4 Threat of Substitutes Products and Services
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1.10.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Sector
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2.1.1 Transportation
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2.1.2 Storage and Terminals
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2.2 Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia Pacific
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2.2.4 South America
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2.2.5 Middle-East and Africa
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Oil and Gas Midstream Market Size FAQs
What is the current Oil and Gas Midstream Market size?
The Oil and Gas Midstream Market is projected to register a CAGR of 1.9% during the forecast period (2024-2029)
Who are the key players in Oil and Gas Midstream Market?
APA Group , Chevron Corporation, BP PLC , Enbridge Pipelines Inc. and Shell PLC are the major companies operating in the Oil and Gas Midstream Market.
