Midstream Oil & Gas Equipment Market Report 2026

The midstream oil & gas equipment market size has grown strongly in recent years. It will grow from $35.27 billion in 2025 to $37.77 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth in crude oil and natural gas production, expansion of cross border pipeline networks, increasing demand for energy transportation infrastructure, development of gas processing facilities, rising investments in storage and logistics infrastructure.

The midstream oil & gas equipment market size is expected to see strong growth in the next few years. It will grow to $50.99 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing natural gas consumption, expansion of LNG export capacity, modernization of midstream infrastructure, rising hydrogen production and processing activities, growing investments in pipeline integrity management. Major trends in the forecast period include expansion of long distance pipeline infrastructure, rising demand for high capacity gas compression systems, increasing deployment of advanced storage tank solutions, growing focus on pipeline safety and leak prevention equipment, upgradation of aging midstream transportation assets.

The rising global demand for oil and gas is anticipated to drive the growth of the midstream oil and gas equipment market in the coming years. The rising global demand for oil and gas refers to the expanding requirement for natural resources to fulfill the energy needs of industries and consumers worldwide. Midstream oil and gas infrastructure supports this demand by enabling the safe and efficient transport and storage of these resources. For example, in October 2024, the Energy Information Administration, a US government agency, reported that global oil production reached 100.9 million barrels per day (b/d) in 2023, marking an increase of 1.5 million b/d compared to 99.4 million b/d in 2022. Hence, the growing global demand for oil and gas is driving the midstream oil and gas equipment market.

Key players in the midstream oil & gas equipment market are concentrating on developing innovative digital solutions, such as cloud-based platforms, for optimizing natural gas compression. A cloud-based digital solution refers to software or services hosted and accessed via the internet. For instance, in September 2023, INNIO Group, an Austria-based energy solutions provider, in collaboration with Detechtion Technologies, a US-based provider of real-time asset performance management solutions, launched the SKIDIQ product suite, a cloud-based digital solution for natural gas compressor operators. By integrating INNIO’s Waukesha engine analytics with Detechtion’s real-time compressor monitoring, SKIDIQ delivers a comprehensive monitoring and optimization solution that reduces operational costs and improves uptime. The platform allows for troubleshooting of compressor and engine fault codes and provides direct access to the Waukesha E-help manual for rapid issue resolution.

In June 2023, Rental Equipment Investment Corp, a US-based specialty rental company, acquired Midstream Equipment Corp for an undisclosed sum. This acquisition was intended to strengthen REIC's specialty rental offerings in high-demand, critical applications within the oil & gas and large industrial sectors. Midstream Equipment Corp, based in Canada, is an oil and gas service provider. The company offers specialized rental solutions including compressors, generators, skids, and vapor recovery equipment for the oil and gas industry.

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.

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. The countries covered in the midstream oil & gas equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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