Oil & gas infrastructure Market Size - By Category (Surface and Lease Equipment, Gathering & Processing, Oil, Gas & NGL Pipelines, Oil & Gas Storage, Refining & Oil Products Transport, Export Terminals) & Forecast, 2024 - 2032

Oil & Gas Infrastructure Market Size

Oil & Gas Infrastructure Market size was valued at USD 714.4 billion in 2023 and is projected to expand at a CAGR of 6.7% between 2024 and 2032. Rising global energy demand, especially in developing regions, necessitates expanded infrastructure to maintain a steady supply. According to the U.S. Energy Information Administration, global energy consumption is projected to increase by nearly 50% by 2050. Technological advancements, such as fracking and deep-water drilling, unlock previously untapped reserves, driving infrastructure investments.
 

The shift towards natural gas as a cleaner energy source boosts the demand for pipelines and LNG terminals. Government policies supporting energy security and modernization are pivotal. For instance, the U.S. Department of Energy has allocated $6 billion for infrastructure upgrades. Additionally, the need to replace and enhance aging infrastructure in mature markets sustains sector investments.
 

Oil & Gas Infrastructure Market Trends

The oil & gas infrastructure industry is experiencing significant shifts driven by technological advancements, environmental concerns, and geopolitical dynamics. The push for sustainability is leading to increased investments in cleaner technologies, such as carbon capture and storage, as well as renewable energy integration. Digitalization and automation are enhancing efficiency and safety in operations, while aging infrastructure in developed regions necessitates substantial upgrades and replacements.
 

Additionally, the ongoing geopolitical tensions and supply chain disruptions are prompting a re-evaluation of energy security and strategic reserves. Emerging markets are seeing rapid infrastructure development to meet growing energy demands, further diversifying the global landscape.
 

Oil & Gas Infrastructure Market Analysis

The oil & gas infrastructure industry is anticipated to exceed USD 1.27 trillion by 2032. In North America, increasing shale gas exploration and production fuels demand for robust infrastructure. In the Middle East, substantial investments in upgrading aging facilities and expanding production capacities bolster the market. Asia-Pacific sees growth due to rising energy consumption and extensive pipeline projects in countries like China and India.
 

Europe focuses on modernizing infrastructure to meet stringent environmental regulations and transitioning towards cleaner energy sources. In Latin America, significant offshore discoveries and government initiatives attract investment in infrastructure development. Africa's market is propelled by new exploration activities and the need for efficient transportation networks.
 

The oil & gas infrastructure market, especially in the Oil, gas & NGL pipelines infrastructure is projected to achieve a CAGR of over 6% by 2032. This expansion is driven by rising global energy demand, increased exploration and production activities, and the need for efficient transportation of hydrocarbons from production sites to end-users. Technological advancements in pipeline construction and monitoring, coupled with substantial investments in infrastructure development, are also key contributors to market growth.
 

Additionally, regulatory support and favorable policies in various regions are facilitating new pipeline projects and upgrades of existing networks. This robust growth trajectory is expected to continue as countries strive to enhance their energy security and capitalize on the economic benefits of a well-developed pipeline infrastructure.
 

The oil & gas infrastructure market in Middle East & Africa has experienced significant expansion and is projected to surpass USD 420 billion by 2032. The region's vast natural reserves position it as a global energy production nucleus, prompting substantial investments in exploration, extraction, and processing infrastructure. For instance, Saudi Arabia's Vision 2030 aims to increase oil production capacity to 13 million barrels per day.
 

Governmental policies and strategic initiatives target bolstering production capacities and enhancing energy security, propelling market growth. Moreover, escalating local and international oil and gas demands underscore the urgency for sophisticated infrastructure to maintain efficient supply chains. Noteworthy technological strides in drilling and extraction, alongside investments in renewable energy and sustainability, further amplify the region's market.
 

The U.S. oil & gas infrastructure market is growing due to increasing production from shale reserves, advancements in extraction technology, and rising domestic energy demand. Investments in pipeline expansions, storage facilities, and export terminals are crucial drivers. Additionally, supportive government policies and a focus on energy independence further bolster market growth, ensuring efficient distribution and export of oil and gas.
 

Oil & Gas Infrastructure Market Share

Exxon Mobil Corporation holds a significant share in the oil and gas infrastructure industry due to its vast global presence, integrated operations, and technological leadership. Its robust financial strength enables substantial infrastructure investments, while strategic partnerships and a commitment to sustainability further enhance its market position, ensuring efficient management and expansion of its infrastructure assets worldwide.
 

Oil & Gas Infrastructure Market Companies

Some of the key market players operating across the oil & gas infrastructure industry are:

• Baker Hughes
• BP p.l.c.
• Centrica plc
• Chevron Corporation
• ConocoPhillips Company
• Energy Transfer LP
• Enterprise Products Partners L.P.
• Exxon Mobil Corporation
• Hatch Ltd.
• Halliburton
• Kinder Morgan
• Marathon Oil Company
• NGL Energy Partners LP
• Occidental Petroleum Corporation
• ONEOK, Inc.
• Royal Vopak
• Schlumberger Limited
• Shell
• TotalEnergies
• WILLIAMS
   

Oil & Gas Infrastructure Industry News

• In March 2022, Schlumberger has announced to launch the End-to-end Emissions Solutions. This solution comprises comprehensive set of services with the innovative services which is designed to provide operators a scalable and robust solution for measurement, reporting, monitoring, ultimately, routine flare emissions and eliminating methane from their operations.
   
• In October 2021, Halliburton has launched the iStar Intelligent Drilling and Logging Platform, full scale measurement platform caters to wide range of services for better control of drilling and logging the operations easily. This digital platform supports machine learning, automation, and artificial intelligence for faster drilling, consistent of well delivery and reservoir evolution. Moreover, the iStar platform obtains high level of measurements and deeper in the formation of the enhances surface of the reservoir. It also provides exceptional real-time visibility of the reservoir or fluids and use of data science techniques to utilize reserves calculations and improve the well placement.
   

The oil & gas infrastructure market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2021 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Category

• Surface and lease equipment
• Gathering & processing
• Oil, gas & NGL pipelines
• Oil & gas storage
• Refining & oil products transport
• Export terminals

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Norway
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • Qatar
  • Nigeria
  • UAE
  • Oman
  • Egypt
• Latin America
  • Brazil
  • Argentina
  • Mexico