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Midstream Oil & Gas Equipment Market Growth Analysis: How Will Revenue Expand During The Forecast Period?
The midstream oil & gas equipment market size has demonstrated significant growth over recent years. This market is anticipated to expand from $35.27 billion in 2025 to $37.77 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 7.1%. The expansion seen in the past can be attributed to factors such as increasing crude oil and natural gas production, the broadening of cross-border pipeline networks, a heightened demand for energy transportation infrastructure, the establishment of gas processing facilities, and increasing investments in storage and logistics infrastructure.
The midstream oil & gas equipment market size is projected to experience robust expansion over the coming years, reaching $50.99 billion by 2030, driven by a compound annual growth rate (CAGR) of 7.8%. This anticipated growth stems from increased natural gas consumption, expanded LNG export capabilities, ongoing modernization of midstream infrastructure, rising hydrogen production and processing activities, and growing investments in pipeline integrity management. Key trends influencing this period include the expansion of long-distance pipeline infrastructure, a rising demand for high-capacity gas compression systems, increased adoption of advanced storage tank solutions, a heightened focus on pipeline safety and leak prevention equipment, and the necessary upgradation of aging midstream transportation assets.
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#Midstream Oil & Gas Equipment Market Growth Factors: Which Forces Are Supporting Market Expansion?
The escalating global demand for oil and gas is anticipated to stimulate the growth of the midstream oil and gas equipment market moving forward. This worldwide surge in oil and gas demand reflects the increasing need for natural resources to address the energy requirements of various industries and consumers globally. Midstream oil and gas resources are instrumental in meeting this demand by enabling the secure and effective transportation and storage of these resources. For instance, in October 2024, the Energy Information Administration, a US-based government agency, reported that global oil production reached 100.9 million barrels per day (b/d) in 2023, marking an increase of 1.5 million barrels per day b/d compared to 99.4 million b/d in 2022. Therefore, the heightened demand for oil and gas across the globe is a key driving force for the midstream oil and gas equipment market.
Midstream Oil & Gas Equipment Market Segments: Where Are The Largest Growth Opportunities?
The midstream oil & gas equipment market covered in this report is segmented –
1) By Type: Pipes, Rail Tank Cars, Gas Processing Equipment, Storage Tanks, Pumps, Valves, Compressors
2) By Resource: Crude Oil, Natural Gas
3) By Application: Oil And Gas Transportation, Natural Gas Processing And Conditioning, Compression And Pressure Management, Storage And Terminal Operations, Liquefied Natural Gas (LNG) Midstream Operations, Vapor And Emissions Management, Measurement And Flow Control
Subsegments:
1) By Pipes: Seamless Pipes, Welded Pipes, Coated Pipes
2) By Rail Tank Cars: Pressure Tank Cars, Non-Pressure Tank Cars, Specialty Tank Cars
3) By Gas Processing Equipment: Gas Sweetening Units, Gas Dehydration Units, Fractionation Equipment
4) By Storage Tanks: Aboveground Storage Tanks (AST), Floating Roof Tanks
5) By Pumps: Centrifugal Pumps, Positive Displacement Pumps
6) By Valves: Gate Valves, Ball Valves, Check Valves
7) By Compressors: Reciprocating Compressors, Centrifugal Compressors
Midstream Oil & Gas Equipment Market Industry Trends: What Changes Are Reshaping Demand?
Leading companies in the midstream oil & gas equipment market are concentrating on developing innovative digital solutions, including cloud-based ones, for optimizing natural gas compression. A cloud-based digital solution signifies software or a service delivered and accessed over the internet. For example, in September 2023, INNIO Group, an Austria-based energy solution provider, in collaboration with Detechtion Technologies, a US-based provider of real-time asset performance management solutions, introduced the SKIDIQ product suite. This suite is a cloud-based digital solution specifically for natural gas compressor operators. SKIDIQ integrates INNIO’s Waukesha engine analytics with Detechtion’s real-time compressor monitoring, delivering a complete solution for monitoring and optimization that reduces operating expenses and enhances uptime. The platform also allows for troubleshooting compressor and engine fault codes, offering direct entry to the Waukesha E-help manual for swift issue resolution.
Midstream Oil & Gas Equipment Market Major Participants And Competitive Dynamics
Major companies operating in the midstream oil & gas equipment market are Ariel Corporation, EVRAZ plc, General Electric Company, Pentair Industries Inc., Exterran Corporation, Sulzer Ltd., Flowserve Corporation, Tenaris SA, Cameron International Corporation, ABB Limited, Baker Hughes Company, Caterpillar Inc., Ebara Corporation, Trinity Industries Inc., Greenbrier Companies Inc., Energy Transfer LP, Boardwalk Pipeline Partners LP, Kinder Morgan Inc., Enterprise Products Partners LP, Enbridge Inc., MarkWest Energy Partners LP, TransCanada Corporation, Cheniere Energy Inc., The Williams Companies Inc., Plains All American Pipeline LP, ONEOK Inc., MPLX LP, Magellan Midstream Partners LP
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Midstream Oil & Gas Equipment Market Largest Region By Revenue And Market Share
Asia-Pacific was the largest region in the midstream oil and gas equipment market in 2025. and is expected to be the fastest-growing region in the global midstream oil and gas equipment market during the forecast period. The regions covered in the midstream oil & gas equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.