U S Midstream Oil And Gas Equipment Market Set to Exceed over USD 983.73 billion by 2026 | CAGR of 4.9% “U.S. Midstream Oil & Gas Equipment Market By Product Type (Pipe, Gas Treating & Processing Equipment, Rail Tank Cars, Compressor, Pumps, Valves, Instrumentation Equipment, Storage Tanks, Other Equipment); By Application (Gas Processing Tanks, Pipelines, LPG Facilities, Crude by Rail and Others); By Regions, Segments & Forecast, 2018 - 2026” Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved
U S Midstream Oil And Gas Equipment Market Estimate & Forecast to 2026 The U.S. midstream oil & gas equipment market is anticipated to reach USD 983.73 billion by 2026 according to a new study published by Polaris Market Research. Crude oil refinery industry in the U.S. has been gaining momentum rapidly since the low crude oil price era. By the end of 2017, the country hosted a total of 141 operating refineries with an overall crude distillation capacity of approximately 18.62 million barrels per calendar day and 19.80 million barrels per steam day. The refining capacity has increased 300,000 bpcd in 2017. Such increase in capacity and complexity in the country, demand for midstream equipments will increase significantly over the forecast period. The country is one of the leading five global exporters with an average of USD 22 billion for the past four years. The increasing demand for transportation fuels along with the rising complexity for clean fuels, there are legal and regulatory constraints that have actually threatened to higher global trade in many of the U.S. strategic export is driving the U.S. midstream oil & gas equipment market. The country’s exporters have been facing requirements of local contents, trade restrictions, labor requirements and rising cost along with decreasing competitiveness of U.S. exports due to growing Chinese and some European markets.
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U S Midstream Oil And Gas Equipment Market Scope By Region
By Application Type, 2018-2026
By Product Type, 2018-2026
Report Attributes
Pipe
Gas Processing Plants
North America
Historic year: 2015-2016
Gas Treating & Processing
Pipelines
Europe
Base year: 2017
Equipment
LPG Facilities
Asia Pacific
Forecast Year: 2018-2026
Pumps
Crude by Rail
Latin America Middle East & Africa
Valves
Other Midstream Applications
Instrumentation Equipment
Storage Tanks
Other Equipments
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U S Midstream Oil And Gas Equipment Market Estimate & Forecast to 2026 The share of U.S. made equipments and appliances sector is projected to remain competitive in over the next three to four years, the country’s share of equipments being exported to the global markets, as a part of the global midstream equipment exports to the worldwide market, has reduced moderately. This is actually owing to its increasing domestic consumption during the past three years, however it is also a sign of higher competition from foreign manufacturers, as the other nations has significantly increased its share of export to the U.S. midstream oil & gas equipment market. The Southwest was the largest regional market in 2017. Texas and Oklahoma are the major contributors to the region’s high demand. Both the states host 35 refineries with Texas accounting for 30 of them. Another two refineries are planned in Texas and are to be operational by 2019. These have been planned to process the shale fuels from the Egale Ford and Permain Basin shale reserves. Construction of these refineries has been the major factor driving demand for these equipments in the region apart from the ones used for maintenance and repair operations making southwest the largest region in the U.S. midstream oil & gas equipment market. Some of the leading industry participants in the U.S. midstream oil & gas equipment market include Abbot Group, Transocean, Zenith Oilfield Technology, National Oilwell Varco Incorporated, Schlumberger, Weatherford International, Halliburton Company, ENI, Baker Hughes, Cameron International, FMC Technologies, Aker Solutions. Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved
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U.S. Midstream Oil & Gas Equipment Market Share By Application Type, 2017-2026
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