Global Oil & Gas Midstream Market to reach USD XXX billion by 2027.Global Oil & Gas Midstream Market is valued approximately at USD XXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Oil & Gas Midstream is primarily used in the transportation, marketing and managing proper demand & supply of the oil & gas products. Oil and gas are carried from the place of production to the refineries utilizing pipelines and other modes of transportation. Growing investments in the oil and gas market and increasing demand and supply of gas and petroleum are factors contributing to the market growth. For instance: according to USA Energy Information Administration, the global world production is expected to grow to 101.45 million barrels per day, by the year 2022 from 94.18 million barrels per day, from the year 2020. Whereas the total world consumption of petroleum is expected to rise to 101.01 million barrels per day, by the year 2022 from 92.42 million barrels per day, in the year 2020. However, Environmental apprehensions due to new pipelines of oil and gas and lack of infrastructural developments for transportation impedes the market growth over the forecast period of 2021-2027. Also, growing energy demand and technological advancements are likely to boost the market growth in the forecast period.
The regional analysis of global Oil & Gas Midstream market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation, Asia Pacific is the significant region in terms of largest market share, across the world owing to increasing demand of oil, gas and other petroleum refineries Whereas, South America is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing investments in the oil and gas midstream market from private players would create lucrative growth prospects for the Oil & Gas Midstream market across South American region.
Major market player included in this report are:
Enlink Midstream LLC
Williams Inc.
Baker Hughes Company
Royal Dutch Shell Plc
Enbridge Pipelines Inc.
BP Plc
Chevron Corporation
APA Group
Venture Global LNG Inc
Halliburton Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Sector:
Transportation
Storage
Terminal
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Oil & Gas Midstream Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors