Midstream Oil & Gas Equipment Market, By Type (Pipe, Rail Tank Cars, Gas Processing Equipment), By A

Published Date: | Report Code : EP2058912

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The Global Midstream Oil & Gas Equipment Market is expected to reach USD XX billion by 2028, growing at a CAGR of XX% during the forecast period. Increasing demand for oil & natural gas across various industries requires proper storage and transportation of oil, which is expected to fuel the market during the forecast period.

Midstream Oil & Gas Equipment Market

Midstream Oil & Gas Equipment Market

Midstream oil and gas activities require crude oil, natural gas, refined products, and petrochemicals being processed, stored, and distributed. Midstream is the intermediate stage between upstream and downstream activities involving the storage and shipping of hydrocarbons from oil and gas fields. Midstream oil and gas corporations in a sector are usually regarded to be very low-risk and are liable for managing crude oil and natural gas products beyond the wellhead. Midstream operation in the United States is a highly regulated sector. Many federal and provincial laws govern oil and gas pricing and movement across the country via interstate pipelines and all midstream oil and gas allocation activities within the region. The Federal Energy Regulatory Commission (FERC) is the entity responsible for midstream regulation. Midstream assets are all the resources used in the midstream oil and gas sector to refine, store and transport oil, natural gas, natural gas liquids (NGLs), and other hydrocarbons. Assets include equipment such as oil pipelines, fluid compressors, gas storage facilities, dehydration and fractionation tanks, storage facilities for LPG & LNG, etc.

The storage of oil and gas provides a critical equilibrium in the dynamics of petroleum and gas supply/demand. Large storage tanks all around the country hold vast amounts of oil, natural gas, NLGs, and other petrochemicals enabling the midstream petroleum industry to have significant influence over the price of crude oil. Transport is an essential component of oil and gas midstream operations. The industry is immense because virtually all current production takes place far away from refining facilities and product midstream oil & gas equipment markets. Different means of transportation and transitional storage such as pipelines, trucks, railcars, and ships are used to shift large quantities of crude and natural gas from fields of production to refineries and final consumers.

The pipeline segment is expected to grow at the highest rate during the forecast period. Pipelines, especially over long distances, are the most prominent means of transporting hydrocarbons. A pipeline of oil and gas is a hollow steel pipe with a reasonable size. They can be used when combined and aided with pipeline pumps to create substantial oil and gas transport networks over large distances. Hydrocarbon shipping via pipelines is one of the safest and best means of transporting products, although it requires substantial investment and initial set-up of several local and national permits. For the custody transfer procedure between O&G stakeholders, reliable metering skids and LACT skids can be used.

The North American region is the global leader in market share with regards to the midstream oil & gas equipment market. The need for oil & natural gas across residential, commercial & industrial sectors is responsible for the growth of this market in this region. The midstream oil & gas equipment market is expected to experience a temporary stagnation due to decreasing global crude oil prices as well as less than the average rate of oil exploration. The Asia Pacific region is expected to show steady growth in midstream oil & gas equipment market due to the rapid industrialization & swiftly growing number of industries across the region. The Middle East is facing stagnation in this market due to fluctuating global crude oil prices.

Key Factors Impacting Growth of midstream Oil & Gas Equipment Market:

  • Increasing demand for oil & natural gas across various industries.

  • Increasing demand for natural gas in the urban areas of the The Asia Pacific region owing to rapid urbanization.

  • Fluctuating prices of oil & natural gas

  • Depletion of global oil & natural gas reserves

Key Developments:

  • In 2018, Castle Harlan, Inc., the New York private equity investment firm, announced today it had through an affiliate signed a definitive agreement to acquire the North American production equipment manufacturing assets of Exterran Corporation. The newly established company will be named "Titan Production Equipment," and overnight will be a market leader in the design, engineering and manufacturing of oil and gas production equipment used to separate, process and treat hydrocarbon streams at the wellhead, gathering and processing stages of production.

  • In 2015, Ebara IndustriasMecânicas e ComercioLtda (“Ebara Brazil”)hascompleted the acquisition of all the outstanding shares of Thebe BombasHidráulicas SA (“Thebe”)a company engaged in the manufacture and sale of pump products mainly in Brazil. The Brazilian pump manufacturer is a global leader in manufacturing of variable displacement pumps used in oil & gas storage & transportation.

What Does This Report Provide?

This report provides a detailed understanding of the global midstream oil & gasequipmentmarket from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the midstream oil & gas equipment market.

Market Segmentation:

By Type:

  • Pipe

  • Rail Tank Cars

  • Gas Processing Equipment

By Application:

  • Pipeline

  • Natural Gas Processing Plants

  • LNG Facilities

  • Crude by Rail

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

Companies Covered: Major Companies profiled in the report which are key players in the global midstream oil & gas equipment market. Ariel, Cameron International, Ebara, EVRAZ, Exterran, Flowserve, General Electric, Greenbrier Companies, Pentair, Sulzer, Tenaris, Trinity Industries, and US Steel...

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

XX %

 

Reasons to Buy This Report:

  • Market size estimation of the global midstream oil & gas market on regional and global basis.

  • Unique research design for midstream oil & gas equipment market size estimation and forecast.

  • Profiling of major companies operating in the midstream oil & gas equipment market with key developments.

  • Broad scope to cover all the possible segments helping every stakeholder in the midstream oil & gas equipment market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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