Global Oil And Gas Infrastructure market growth 2024, Forecast To 2033
4 Mar, 2024
The oil and gas infrastructure market has exhibited robust growth, escalating from$684.96 billion in 2023 to$744.86 billion in 2024 with a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to factors such as energy demand growth, resource accessibility, market price volatility, infrastructure modernization, and concerns regarding carbon emissions. Looking ahead, the market is poised for strong growth, projected to reach$1032.99 billion in 2028 with a CAGR of 8.5%. The anticipated growth is fueled by strategies for risk mitigation, flexibility in response to market shifts, financial and investment trends, resilience in supply chain management, and integration of remote operations. Significant trends in the forecast period encompass energy demand dynamics, resource accessibility, the transition to renewable energy sources, market volatility, and geopolitical factors.
Global Oil And Gas Infrastructure Market Key Driver
The oil and gas infrastructure market is witnessing growth propelled by the rising demand for natural gas globally. Natural gas, known for its cleanliness among fossil fuels, experiences increasing demand, necessitating the development of infrastructure for extraction, transportation, and distribution. According to the U.S. Energy Information Administration, annual natural gas plant liquids production reached a record high in 2021, reflecting the industry's expansion. Consequently, the rising demand for natural gas is driving the growth of the oil and gas infrastructure market.
Get A Free Sample Of The Global Oil And Gas Infrastructure Market ReportGlobal Oil And Gas Infrastructure Market Segments
The global 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
By Geography: The regions covered in the oil and gas infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the oil and gas infrastructure market in 2023. 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.
Major Oil And Gas Infrastructure Industry Players
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
Get The Full Global Oil And Gas Infrastructure Market Report
Oil And Gas Infrastructure Market Overview
Oil and gas infrastructure refers to the buildings, equipment, and systems that energy companies need to run their operations. Upstream oil and gas producers require infrastructure to find and use energy resources. Midstream producers have access to the necessary infrastructure for processing and refining fuel. Additionally, by employing infrastructure, downstream producers deliver and sell gas and oil to retailers.
Oil And Gas Infrastructure Global Market Report 2023 provides data on the global oil and gas infrastructure market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The oil and gas infrastructure market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.