What Are The Market Size And Growth Projections For The Global Oil and Gas Infrastructure Market?
The oil and gas infrastructure market has grown significantly in recent years, moving from a robust $739.23 billion in 2024 to an expected $804.06 billion in 2025. This figure represents a compound annual growth rate (CAGR) of 8.8%. Such remarkable growth is primarily due to energy demand growth, advancement in resource accessibility, market price volatility, infrastructure modernization, and heightened concerns regarding carbon emissions.
Additionally, the next few years are set to witness even more robust growth in the oil and gas infrastructure market. According to forecasts, the market will grow to a whopping $1108.31 billion by 2029 at a CAGR of 8.4%. Key drivers poised to contribute to this growth include risk mitigation strategies, flexibility for market shifts, financial and investment trends, resilience in the supply chain, and the integration of remote operations. Trends to look out for in the coming years include energy demand dynamics, resource accessibility, the transition to renewable energy, market volatility, and geopolitical factors.
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What Are The Key Growth Drivers For The Oil and Gas Infrastructure Market?
A significant driver of the oil and gas infrastructure market is the rising global demand for natural gas. Known as a clean, colorless, odorless fossil fuel, natural gas consists of one carbon atom and four hydrocarbon atoms (CH4 or methane). The increasing demand for this market explains why there is more production and the corresponding need to develop the infrastructure.
For instance, data from the European Commission show that in May 2024, the demand for natural gas increased in several European countries compared to 2022. Some of these countries include Finland with a 25.6% increase, Sweden with 11.1%, Poland with 5.3%, Malta with 4.5%, Denmark with 1.1%, and Croatia with 0.8%. Thus, the burgeoning demand for natural gas is a primary driver of the oil and gas infrastructure market.
Which Are The Major Segments Within The Oil and Gas Infrastructure Market?
The oil and gas infrastructure market caters to various categories, operations, and deployment methodologies.
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
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Who Are The Major Players In The Oil and Gas Infrastructure Market?
Prominent companies operating in the oil and gas infrastructure market include 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., and Foster Wheeler AG
What Are The Emerging Trends In The Oil and Gas Infrastructure Market?
Technological advancements are a prominent trend in the oil and gas infrastructure market. For instance, Airbus, an aerospace technology company based in the US, developed satellite-based inspection services for oil and gas infrastructure in August 2022. This fast-growing technology provides highly detailed inspection of facilities, machinery, and other equipment, including pipes, making it a crucial part of the oil and gas infrastructure industry.
Which Is The Fastest Growing Region In The Oil and Gas Infrastructure Market?
In 2024, Europe was the largest region in the oil and gas infrastructure market. Yet, the market report covers other areas, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Oil and Gas Infrastructure Market Report 2025 Offer?
The Oil And Gas Infrastructure Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. In essence, oil and gas infrastructure refers to buildings, equipment, and systems that energy companies require for their operations. These vary across upstream, midstream, and downstream producers who need infrastructure for exploiting, processing and refining, and selling gas and oil, respectively.
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