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Midstream Oil & Gas Equipment Market Set To Climb From $37.77 Billion In 2026 To $50.99 Billion By 2030
The midstream oil & gas equipment market has experienced robust growth in recent years. It is projected to expand from $35.27 billion in 2025 to $37.77 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 7.1%. This historical growth can be attributed to factors such as increased crude oil and natural gas production, the expansion of cross-border pipeline networks, a rising demand for energy transportation infrastructure, the development of gas processing facilities, and growing investments in storage and logistics infrastructure.
The midstream oil & gas equipment market size is projected to experience robust expansion over the coming years. This market is anticipated to reach $50.99 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.8%. This expected growth during the forecast period is due to factors such as increasing natural gas consumption, the expansion of LNG export capacity, ongoing modernization of midstream infrastructure, a rise in hydrogen production and processing activities, and increasing investments in pipeline integrity management. Key developments within this timeframe encompass the expansion of long-distance pipeline infrastructure, a growing need for high-capacity gas compression systems, greater implementation of advanced storage tank solutions, an enhanced emphasis on pipeline safety and leak prevention equipment, and the upgrading of existing midstream transportation assets.
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Midstream Oil & Gas Equipment Market Development Factors: What’s Supporting Demand?
The rising global demand for oil and gas is anticipated to propel the expansion of the midstream oil and gas equipment market going forward. This escalating demand worldwide signifies an increasing need for natural resources to fulfill the energy requirements of diverse industries and consumers across the globe. Midstream oil and gas resources play a vital role in meeting this demand by enabling the safe and efficient transportation and storage of these commodities. For instance, in October 2024, the Energy Information Administration, a US-based government agency, indicated that global oil production reached 100.9 million barrels per day (b/d) in 2023, which was an increase of 1.5 million barrels per day b/d compared to 99.4 million b/d in 2022. Consequently, the heightened demand for oil and gas across the globe is a key driver for the midstream oil and gas equipment market.
Midstream Oil & Gas Equipment Market Segments: Where Is Growth Concentrated?
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 Trends Powering Strategic Industry Growth
Prominent companies within the midstream oil & gas equipment market are dedicating efforts to developing innovative digital solutions, including cloud-based options, for optimizing natural gas compression. A cloud-based digital solution is defined as software or a service hosted and made available over the internet. For example, in September 2023, INNIO Group, an Austria-based energy solution provider, partnered with Detechtion Technologies, a US-based provider of real-time asset performance management solutions, to release the SKIDIQ product suite. This suite is a cloud-based digital solution intended for natural gas compressor operators. Combining INNIO’s Waukesha engine analytics with Detechtion’s real-time compressor monitoring, SKIDIQ delivers a comprehensive solution for monitoring and optimization, which lowers operating expenses and enhances uptime. The platform also facilitates troubleshooting of compressor and engine fault codes and offers direct access to the Waukesha E-help manual for rapid issue resolution.
Midstream Oil & Gas Equipment Market Key Participants And Competitive Landscape
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 Top Region: Where Does Most Revenue Come From?
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.
