Market Size of United States Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.15 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Oil and Gas Midstream Market Analysis
The US oil and gas midstream market is expected to register a CAGR of more than 4.15% during the forecast period of 2022-2027. The United States 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 United States oil and gas midstream market during the forecast period. Additionally, 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 US oil and gas midstream market during the forecast period.
- The transportation segment is expected to dominate the United States oil and gas midstream market during the forecast period, owing to the upcoming pipeline projects.
- 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 US oil and gas midstream sector during the forecast period.
- An increasing gas pipeline network is expected to drive the growth of the US oil and gas midstream market significantly during the forecast period.
US Oil and Gas Midstream Industry Segmentation
The US oil and gas midstream market report includes:
United States Oil and Gas Midstream Market Size Summary
The US oil and gas midstream market is poised for growth, driven by increasing investments in pipeline infrastructure and the rising production and consumption of oil and gas. The market demonstrated resilience during the COVID-19 pandemic, with sustained demand for storage and transportation services. The transportation segment, in particular, is expected to lead market expansion, supported by numerous pipeline projects and the development of complex offshore fields. The growing network of gas pipelines is anticipated to significantly contribute to market growth, as pipelines remain the most cost-effective method for transporting hydrocarbons over long distances. Despite challenges such as crude oil price volatility and fluctuating consumption levels, the market is set to benefit from upcoming LNG terminal projects and the ongoing demand for midstream services.
The US midstream sector is characterized by a fragmented landscape with key players like American Midstream Partners LP, Chevron Inc., BP PLC, Tenaris SA, and Shell Midstream Partners LP. The market is further bolstered by strategic agreements and infrastructure developments, such as the expansion of the Dakota Access Pipeline and the Delta Lateral project by Kern River Gas Transmission Co. The increasing demand for natural gas, particularly in the power sector, underscores the importance of a robust transportation network. Initiatives by the US Department of Energy to streamline the export process for small-scale LNG projects are expected to enhance the market's growth prospects. As the US continues to expand its natural gas infrastructure, significant investments are anticipated to meet the burgeoning demand.
United States 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 Market Size and Demand Forecast, till 2027
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1.3 Installed Pipeline Length Forecast in miles, till 2027
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1.4 Recent Trends and Developments
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1.5 Government Policies and Regulations
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1.6 Market Dynamics
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1.6.1 Drivers
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1.6.2 Restraints
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Transportation
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2.2 Storage
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2.3 LNG Terminals
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United States Oil and Gas Midstream Market Size FAQs
What is the current United States Oil and Gas Midstream Market size?
The United States Oil and Gas Midstream Market is projected to register a CAGR of greater than 4.15% during the forecast period (2024-2029)
Who are the key players in United States Oil and Gas Midstream Market?
American Midstream Partners LP, Chevron Inc., BP plc, Shell Midstream Partners LP and Tenaris S.A. are the major companies operating in the United States Oil and Gas Midstream Market.
