Midstream Oil and Gas Equipment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Pipes, Rail Tank Cars, Gas Processing Equipment, Storage Tanks, Pumps, Valves & Compressors), By Application (Pipelines, Natural Gas Processing Plant, LNG/LPG Facilities, Crude by Rail, Others), By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 38.91 Billion
CAGR (2026-2031)	7.38%
Fastest Growing Segment	LNG/LPG Facilities
Largest Market	North America
Market Size (2031)	USD 59.65 Billion

Market Overview

The Global Midstream Oil and Gas Equipment Market will grow from USD 38.91 Billion in 2025 to USD 59.65 Billion by 2031 at a 7.38% CAGR. The Global Midstream Oil and Gas Equipment Market encompasses the essential infrastructure and machinery required to transport, store, and process crude oil and natural gas from extraction points to refineries. Key components include transmission pipelines, storage tanks, and liquefaction terminals, alongside critical hardware such as compressors, pumps, and valves. The market is primarily propelled by rising global energy consumption and the strategic need to link geographically dispersed production sites with consumption centers, which necessitates the continuous development of transit networks.

Despite this growth trajectory, the sector encounters substantial headwinds from rigorous environmental regulations and complex permitting processes that frequently delay cross-border infrastructure projects. These legislative barriers can significantly escalate project costs and deter investment in new capacity. Illustrating the resilience of the sector, according to the International Gas Union, in 2024, global liquefied natural gas trade volumes increased by 2.4% to 411.24 million tonnes, driving sustained demand for specialized midstream processing and transport facilities.

Key Market Drivers

Rapid development of Liquefied Natural Gas (LNG) terminals and transport serves as a primary catalyst for the midstream equipment sector. As geopolitical shifts necessitate diversified energy imports, nations are accelerating the construction of liquefaction and regasification facilities, which requires specialized cryogenic storage tanks, heavy-duty compressors, and loading arms. This infrastructure build-out is critical for managing the complex logistics of converting gas to liquid for seaborne trade and back again for distribution. According to the International Energy Agency, January 2024, in the 'Gas Market Report, Q1-2024', global gas demand is forecast to grow by 2.5% in 2024, a resurgence that compels operators to expand processing capacities and procurement of related hardware to handle increased trade flows.

Simultaneously, the expansion of cross-border and domestic pipeline infrastructure is critical to linking extraction zones with industrial consumers. This driver sustains demand for high-strength line pipes, valves, and automated metering stations essential for maintaining pressure and flow assurance over long distances. High-capacity transmission networks are being developed to transport resources from remote basins to export hubs, directly influencing equipment order books. According to Global Energy Monitor, May 2024, in the 'Global Gas Infrastructure Tracker', there were approximately 70,500 kilometers of gas transmission pipelines under construction globally, highlighting the capital-intensive nature of current connectivity projects. Underpinning these infrastructure investments is the fundamental need to manage rising output; according to the U.S. Energy Information Administration, in 2024, global production of liquid fuels is expected to increase by nearly 0.6 million barrels per day, ensuring a steady baseload of work for midstream equipment providers.

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Key Market Challenges

Rigorous environmental regulations and complex permitting processes create significant operational barriers that directly hinder the expansion of the midstream oil and gas equipment sector. When regulatory bodies impose extended review periods or stricter compliance mandates, critical infrastructure projects such as transmission pipelines and liquefaction terminals frequently encounter substantial delays or outright cancellations. This unpredictability disrupts the supply chain, as the demand for essential components like compressors, pumps, and storage tanks is contingent upon the timely progression of these capital-intensive construction initiatives.

Consequently, the uncertainty surrounding project approvals deters investment and creates a volatile environment for equipment manufacturers planning future production. This legislative friction results in a tangible reduction in infrastructure development. According to the American Petroleum Institute, in 2024, the federal regulatory pause on new liquefied natural gas export authorizations impacted planned projects representing nearly 90 million tonnes per annum of capacity. Such policy-driven interruptions limit the scope of market opportunities and constrain the deployment of necessary midstream assets.

Key Market Trends

The deployment of Advanced Methane Leak Detection and Repair (LDAR) solutions is reshaping the midstream equipment landscape as operators prioritize emissions abatement to meet stringent environmental targets. This trend drives a significant transition from periodic manual inspections to continuous, automated monitoring using fixed sensors, drone-mounted infrared cameras, and satellite-integrated analytics platforms. These technologies enable real-time identification of fugitive emissions, necessitating the substantial procurement of high-sensitivity detection hardware and associated data processing units. According to the International Energy Agency, March 2024, in the 'Global Methane Tracker 2024', the global fossil fuel industry must invest approximately USD 170 billion by 2030 to implement the necessary methane abatement measures, a capital requirement that is directly fueling the market for specialized monitoring instrumentation.

Simultaneously, the sector is increasingly retrofitting existing pipeline networks and compression infrastructure to accommodate hydrogen and carbon capture, utilization, and storage (CCUS) applications. Transporting these alternative media requires upgrading steel metallurgy to prevent hydrogen embrittlement and installing high-pressure, supercritical CO2 compressors that differ substantially from standard natural gas units. This repurposing strategy allows midstream companies to extend the commercial life of legacy assets while aligning with global decarbonization goals. According to the Global CCS Institute, October 2024, in the '2024 Global Status of CCS Report', the total number of carbon capture and storage projects in the development pipeline increased by 60% year-over-year to 628, signaling a robust trajectory of infrastructure adaptation that demands specialized valves, metering, and compression equipment.

Segmental Insights

The LNG/LPG Facilities segment represents the fastest-growing category within the Global Midstream Oil and Gas Equipment Market, driven by the accelerating global shift toward lower-carbon energy sources. Increasing investments in natural gas infrastructure, specifically for liquefaction and regasification plants, are essential to meet rising international energy demand. Additionally, strict environmental mandates from entities such as the International Maritime Organization encourage the adoption of liquefied natural gas as a marine fuel, necessitating expanded storage and handling networks. This transition stimulates distinct demand for specialized cryogenic equipment and processing units required for efficient midstream operations.

Regional Insights

North America leads the global midstream oil and gas equipment market due to its extensive existing infrastructure and high production volumes from key shale reserves. The region maintains a strong demand for equipment needed to transport resources from extraction sites to refineries and export terminals. This market position is reinforced by continuous investments in pipeline expansion and modernization projects across the United States. Furthermore, the Federal Energy Regulatory Commission provides a structured framework for interstate transmission, facilitating consistent infrastructure development and securing the region as the primary hub for midstream activities.

Recent Developments

• In December 2024, TechnipFMC received a full notice to proceed with a significant contract for the Northern Endurance Partnership in the United Kingdom. The company was selected to deliver the first all-electric integrated project for carbon dioxide transportation and storage infrastructure in the East Coast Cluster. The scope included the supply and installation of an all-electric subsea system comprising trees, manifolds, umbilicals, and infield flowlines. This development utilized the company's proprietary integrated Engineering, Procurement, Construction, and Installation execution model to enable the efficient transport and permanent storage of carbon emissions.
• In July 2024, Honeywell announced a strategic agreement to acquire the liquefied natural gas process technology and equipment business from Air Products for $1.81 billion. This acquisition encompassed a portfolio of coil-wound heat exchangers and related technologies that are vital for high-throughput natural gas liquefaction. The move was intended to strengthen the company’s energy transition capabilities by creating a comprehensive, end-to-end solution for natural gas assets. By integrating these technologies, the company aimed to offer enhanced aftermarket services and digital automation solutions to the global midstream and LNG infrastructure market.
• In May 2024, Baker Hughes secured a major order from Sonatrach for a gas-boosting project at the Hassi R'Mel gas field in Algeria. The contract involved the supply of 20 compression trains, utilizing Frame 5 gas turbines and BCL compressors, to be installed across three gas-boosting stations. This equipment was designed to increase production volumes and stabilize natural gas pressure within the pipeline network, supporting domestic energy needs and exports. The project underscored the company's continued collaboration with key operators to enhance the efficiency and reliability of critical midstream gas infrastructure in the region.
• In February 2024, John Crane was awarded contracts to supply critical sealing equipment for two major energy transition projects in the United States. The company agreed to provide dry gas seals for three supercritical carbon dioxide compressors at a large-scale blue hydrogen facility in Texas. Additionally, it secured a separate agreement to supply wet seals for nearly one hundred pumps at an electric battery manufacturing plant. These contracts highlighted the company’s expanding role in the midstream and new energy sectors, leveraging its specialized technology to support carbon capture, utilization, and storage infrastructure as well as low-carbon fuel production.

Key Market Players

• Schlumberger Limited
• Baker Hughes Company
• Halliburton Company
• General Electric Company
• National Oilwell Varco Inc.
• Tenaris S.A.
• ABB Ltd.
• Flowserve Corporation
• Caterpillar Inc.
• Emerson Electric Company

By Type	By Application	By Region
Pipes Rail Tank Cars Gas Processing Equipment Storage Tanks Pumps Valves & Compressors	Pipelines Natural Gas Processing Plant LNG/LPG Facilities Crude by Rail Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Midstream Oil and Gas Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Midstream Oil and Gas Equipment Market, By Type:

• Pipes
• Rail Tank Cars
• Gas Processing Equipment
• Storage Tanks
• Pumps
• Valves & Compressors

• Midstream Oil and Gas Equipment Market, By Application:

• Pipelines
• Natural Gas Processing Plant
• LNG/LPG Facilities
• Crude by Rail
• Others

• Midstream Oil and Gas Equipment Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE