The US market for equipment used in midstream oil and gas infrastructure will fall to $10.5 billion in 2019, remaining well above historical norms even so. Low oil and gas prices will continue to influence the level of upstream activity, reducing the need for ongoing midstream investment. However, several major liquefied natural gas projects and ongoing pipeline construction will continue to generate a high level of equipment demand.
This report segments the midstream equipment industry by type and application. Data is provided in millions of dollars.
Types of midstream oil & gas equipment include:
Rail tank cars
Gas processing equipment.
Of these, pipe will remain the largest category through 2019. While spending on gas processing equipment will fall from very high 2014 levels, it will remain elevated by historical standards in order to handle unprecedented volumes of natural gas production from the eastern US.
Major markets for midstream oil & gas equipment include:
Natural gas processing plants
Crude by rail and other markets
Gas processing, crude by rail, and LNG infrastructure all saw high levels of investment in 2014. While pipelines remained the largest market, pipeline construction accounted for a much lower share of the total has been the historical norm. Although the status of several approved LNG projects remains uncertain, construction is expected to proceed on a number of projects over the next several years, resulting in a strong market for equipment through the forecast period.
Companies supplying equipment used in midstream oil and gas infrastructure include a variety of types of firms. In addition to discussing market share of the industry leaders, sales estimates and profiles are provided for key industry participants.
Important suppliers include: