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Oil & gas infrastructure Market Trends

Report ID: GMI5274
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of oil & gas infrastructure reached USD 714.4 billion in 2023 and is set to register 6.7% CAGR between 2024 and 2032, led by rising global energy demand and technological advancements.

The oil, gas & NGL pipelines segment in the oil & gas infrastructure is projected to record 6% CAGR through 2032, driven by rising global energy demand, and the need for efficient transportation of hydrocarbons from production sites to end-users.

North America market is anticipated to reach USD 1.27 trillion by 2032 due to increasing shale gas exploration and production.

Baker Hughes, BP p.l.c., Centrica plc, Chevron Corporation, ConocoPhillips Company, Energy Transfer LP, Enterprise Products Partners L.P., Exxon Mobil Corporation, and Hatch Ltd., among others.