Oil and Gas Infrastructure Market Report 2025

The oil and gas infrastructure market size has grown strongly in recent years. It will grow from $739.23 billion in 2024 to $798.89 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to energy demand growth, resource accessibility, market price volatility, infrastructure modernization, carbon emission concerns.

The oil and gas infrastructure market size is expected to see strong growth in the next few years. It will grow to $1.09 trillion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to risk mitigation strategies, flexibility for market shifts, financial and investment trends, resilience in supply chain, remote operations integration. Major trends in the forecast period include energy demand dynamics, resource accessibility, shift to renewable energy, market volatility, geopolitical factors.

The forecast of 8.2% growth over the next five years indicates a slight reduction of 0.2% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased costs for corrosion-resistant alloy piping from Japan and modular processing units from South Korea, raising capital expenditures for new facility construction. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The increasing demand for natural gas is expected to drive growth in the oil and gas infrastructure market moving forward. Natural gas is a colorless and odorless fossil fuel, recognized as the cleanest among fossil fuels. Composed of one carbon atom and four hydrogen atoms (CH4 or methane), its rising global demand necessitates the development of corresponding infrastructure. For example, in May 2024, the European Commission, the executive branch of the European Union based in Belgium, reported that in 2023, natural gas demand rose significantly in several countries: Finland (+25.6%), Sweden (+11.1%), Poland (+5.3%), Malta (+4.5%), Denmark (+1.1%), and Croatia (+0.8%) compared to 2022. Thus, the increasing demand for natural gas is propelling the growth of the oil and gas infrastructure market.

The oil and gas infrastructure market is expected to experience substantial growth due to the increasing global energy demand. This demand creates opportunities for substantial investments in infrastructure, enabling the diversification of energy sources, enhancing global energy security, supporting industrialization, and optimizing the extraction, processing, and transportation of energy resources. For instance, projections by the Energy Information Administration suggested a significant increase in energy usage within the U.S. industrial sector, estimated to rise between 5% and 32% from 2022 to 2050, underscoring the influence of growing energy needs on infrastructure development.

Technological advancements are significantly impacting the oil and gas infrastructure market. Leading companies in this sector are leveraging innovative technologies to fortify their market position. For instance, in August 2022, Airbus, a prominent aerospace technology company, has developed satellite-based inspection services for oil and gas infrastructure. These advanced inspection methods, utilizing satellites capable of extremely high-resolution imaging, enable thorough inspections of facilities, machinery, and pipelines, aiding in identifying potential problems that could compromise infrastructure integrity before any harm occurs.

Companies within the oil and gas infrastructure market are placing increased emphasis on product innovation to cater to customer needs effectively. This focus includes the development of intelligent architecture and Exploration & Production (E&P) solutions that integrate cutting-edge technologies and data analytics into the oil and gas industry's systems. Huawei Technologies Co. Ltd., for example, launched intelligent architecture and E&P solutions in September 2023. These solutions incorporate high-performance computing, large-scale data storage, and AI models for exploration, optimizing the research and development processes for oil and gas companies through advanced technologies such as cloud computing and AI.

In February 2022, Enterprise Products Partners L.P., a US-based midstream natural gas and crude oil pipeline company, completed the acquisition of Navitas Midstream Partners for a deal worth $3.25 billion. This strategic move bolstered Enterprise Products Partners L.P.'s market presence, enhancing its footprint through the addition of Navitas Midstream's assets. Navitas Midstream contributed substantial infrastructure, including 1,750 miles of pipelines and a daily processing capacity exceeding 1 billion cubic feet of cryogenic natural gas. Navitas Midstream Partners operates within the oil and gas infrastructure sector.

Major companies operating in the oil and gas infrastructure market are NGL Energy Partners LP, Centrica PLC, Kinder Morgan Inc., Schlumberger Limited, Royal Vopak NV, Shell PLC, ExxonMobil Corporation, Baker Hughes Company, Chevron Corporation, TotalEnergies SE, ConocoPhillips Company, British Petroleum PLC, Energy Transfer LP, Marathon Oil Corporation, Occidental Petroleum Corporation, Hatch Ltd., Aker Solutions ASA, Subsea 7 S.A., Saipem S.p.A., Fluor Corporation, KBR Inc., WorleyParsons Limited, Bechtel Corporation, CH2M Hill Companies Ltd., SNC-Lavalin Group Inc., Petrofac Limited, Chicago Bridge & Iron Company N.V., Shawcor Ltd., the Shaw Group Inc., Foster Wheeler AG.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are heavily impacting the oil and gas industry, especially in areas such as exploration equipment, pipeline development, and refining operations. Increased import duties on drilling rigs, steel pipes, and specialized machinery have significantly raised capital expenditures across both upstream and downstream segments. Midstream players are grappling with cost surges for essential components like valves, compressors, and storage tanks, causing delays and disruptions in expansion projects. Refiners, meanwhile, are contending with higher expenses for imported catalysts and control systems critical to operational efficiency. In addition, retaliatory tariffs from major trade partners have curtailed U.S. exports of liquefied natural gas (LNG) and crude oil, reducing global competitiveness. In response, companies are ramping up investments in domestic manufacturing alliances, digital asset management tools, and diversified energy portfolios to maintain resilience and protect profitability.

In the oil and gas industry, infrastructure constitutes the essential framework of buildings, machinery, and systems vital for energy companies to conduct their operations effectively. Upstream entities heavily rely on infrastructure for discovering and utilizing energy resources, while midstream companies leverage infrastructure for the processing and refining of fuel. Downstream operations utilize infrastructure for the distribution and sale of gas and oil products to retailers.

Oil and gas infrastructure can be categorized into several key segments, including surface and lease equipment, gathering and processing facilities, pipelines for oil, gas, and natural gas liquids (NGL), storage facilities, refining plants, transport for oil products, and export terminals. Surface equipment encompasses the contractor's non-classified equipment, encompassing both above and below-water Dynamic Positioning (DP) equipment that isn't specifically considered Subsea Equipment. These operations encompass transmission and distribution activities deployed both onshore and offshore.

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

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

The oil and gas infrastructure market consists of sales of oil and gas-related products. 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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