Midstream Oil & Gas Equipment Market Report 2025

The midstream oil & gas equipment market size has grown strongly in recent years. It will grow from $33.23 billion in 2024 to $35.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to global energy demand surge, expansion of oil and gas exploration, strategic pipeline infrastructure projects, globalization of gas markets, rise in shale gas production.

The midstream oil & gas equipment market size is expected to see strong growth in the next few years. It will grow to $48.37 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to transition to renewable energy, development of hydrogen economy, enhanced pipeline safety measures, global connectivity projects, investments in LNG infrastructure. Major trends in the forecast period include digitalization and iot integration, energy storage solutions, advanced inspection technologies, integration of automation and control systems, digital twin technology, safety measures in transportation.

The rising global demand for oil and gas is anticipated to drive the growth of the midstream oil and gas equipment market in the future. This increase in demand reflects the growing need for natural resources to satisfy the energy requirements of various industries and consumers worldwide. Midstream oil and gas resources facilitate this demand by enabling the safe and efficient transportation and storage of these resources. For example, in October 2024, the Energy Information Administration, a U.S. government agency, reported that global oil production reached 100.9 million barrels per day (b/d) in 2023, an increase of 1.5 million b/d compared to 99.4 million b/d in 2022. Therefore, the rising demand for oil and gas globally is driving the midstream oil and gas equipment market.

The growing investment in infrastructure is expected to drive the growth of the midstream oil and gas equipment market in the coming years. Infrastructure encompasses the fundamental physical and organizational structures needed for the operation of a society, enterprise, or project, including buildings, transportation, communication, and utilities. Midstream oil and gas equipment consists of essential components and machinery used for the infrastructure related to the transportation, storage, and distribution of oil and gas within the energy sector. For example, in August 2024, the Office for National Statistics, a UK-based independent producer of official statistics, reported that total new construction orders rose by 16.5% to £1.77 billion ($2,224 million) in Quarter 2 of 2024 compared to Quarter 1. This quarterly growth was mainly driven by increases in private commercial new work and infrastructure projects, which rose by 15.1% (£503 million or $637 million) and 23.4% (£389 million or $490 million), respectively. Thus, the rising investment in infrastructure is fueling the midstream oil and gas equipment market.

Innovation in products is emerging as a prominent trend in the midstream oil and gas equipment market, with major companies introducing novel solutions to maintain their market positions. In February 2022, CIRCOR International Inc., a US-based industrial equipment manufacturer, unveiled the CIR 3100 control valve designed specifically for oil and gas transportation. The valve's innovative design allows for customizable internal options, facilitating interchangeable process condition adjustments and reducing equipment maintenance costs. It is suitable for both low- and high-pressure drop services, featuring a class V leakage option suitable for high-temperature conditions.

Leading companies in the midstream oil and gas equipment market are concentrating on the development of advanced digital solutions, including cloud-based options, to optimize natural gas compression. A cloud-based digital solution, hosted and accessed over the internet, is exemplified by the SKIDIQ product suite launched in September 2023 by INNIO Group and Detechtion Technologies. This cloud-based solution integrates Waukesha engine analytics with real-time compressor monitoring, providing a comprehensive monitoring and optimization solution. SKIDIQ aims to reduce operating expenses and increase uptime by enabling troubleshooting of compressor and engine fault codes and providing direct access to the Waukesha E-help manual for quick issue resolution.

In June 2023, Rental Equipment Investment Corp, a US-based specialty rental division, completed the acquisition of Midstream Equipment Corp, a Canada-based oil and gas service company. This strategic acquisition enhances REIC's specialty rental offerings in critical applications within the oil and gas and large industrial sectors. Midstream Equipment Corp specializes in providing rental solutions such as compressors, generators, skids, and vapor recovery equipment for the oil and gas industry.

Major companies operating in the midstream oil & gas equipment market include Ariel Corporation, EVRAZ plc, General Electric Company, Pentair Industries Inc., Trinity Industries Inc., Exterran Corporation, Sulzer Ltd., Greenbrier Companies Inc., Flowserve Corporation, Tenaris SA, Cameron International Corporation, ABB Limited, Baker Hughes Company, Caterpillar Inc., Halliburton Company, Legend Oil and Gas Ltd., 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., Compañía de Petróleos de Chile SA, MPLX LP, Magellan Midstream Partners LP, Ebara Corporation.

Asia-Pacific was the largest region in the midstream oil and gas equipment market in 2024, 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the midstream oil & gas equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Midstream oil and gas equipment comprises the equipment and infrastructure responsible for transporting and storing oil and gas after extraction from the ground and before refining or processing for use. This equipment ensures the safe and efficient transportation of oil and gas products over long distances, minimizing the risk of spills or other accidents.

The primary types of midstream oil and gas equipment include pipes, rail tank cars, gas processing equipment, storage tanks, pumps, valves, and compressors. Pipes are cylindrical, hollow structures made of metal, plastic, or other materials used to convey fluids (liquids or gases) from one point to another. They are utilized for various applications such as air separation, gas lift, gas purification, hydrodesulfurization, hydrogen production, natural gas processing, recycle compression, and vapor recovery.

The midstream oil & gas equipment market research report is one of a series of new reports that provides midstream oil & gas equipment market statistics, including midstream oil & gas equipment industry global market size, regional shares, competitors with a midstream oil & gas equipment market share, detailed midstream oil & gas equipment market segments, market trends and opportunities, and any further data you may need to thrive in the midstream oil & gas equipment industry. This midstream oil and gas equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The midstream oil and gas equipment market consists of sales of metering and measurement equipment, separation equipment, cryogenic equipment, and filtration equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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