New York City, 16 Jan 2019 : "U.S. Midstream Oil & Gas Equipment Market, [By
Product Type (Pipe, Gas Treating & Processing Equipment, Rail Tank Cars,
Compressor, Pumps, Valves, Instrumentation Equipments, Storage Tanks, Other
Equipments); By Application (Gas Processing Tanks, Pipelines, LPG Facilities,
Crude by Rail and Others); By Regions]: Market size & Forecast, 2018 – 2026”
The U.S. Midstream Oil & Gas Equipment market is expected to grow
from USD 697.17 billion in 2017 to USD 983.73 billion by 2026, at a CAGR of
3.9% during the forecast period.
U.S. Midstream Oil & Gas
Equipment Market . The report provides an extensive qualitative and
quantitative analysis of the market trends and growth prospects of the U.S.
Midstream Oil & Gas Equipment Market, 2017-2026. This report comprises a
detailed geographic distribution of the U.S. Midstream Oil & Gas Equipment
market across North America, Europe, APAC and South America, and MEA. North
America is further segmented into U.S., Canada. Europe is divided into Germany,
UK,Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India,
Japan, and Rest of Asia-Pacific.
The qualitative research study
conducted by Polaris Market Research titled “Global U.S. Midstream Oil &
Gas Equipment Market Report 2018” provides primary Data, surveys, Scope of the
Product and vendor briefings. The market dynamic forces have been determined
after conducting a detailed study of the Global Midstream Oil & Gas
Equipment market. The study provides forecasts for Midstream Oil & Gas
Equipment investments till 2026.
Browse Research Report On U.S.
Midstream Oil & Gas Equipment Market Analysis:
U.S. Midstream Oil & Gas Equipment Market Share By Application Type, 2017-2026
The industry for equipment manufacturing and rental services sector dramatically fell owing to sudden decrease in well count and completions in 2015 & 2016. But it is expected to return to achieve healthy growth by 2019, as the upstream sector is benefiting from the slow recovery of the oil prices and also additional export opportunities that was not available for both liquefied natural gas and crude oil. The U.S. is one of the leading five global exporters
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 markets influencing the U.S.
Midstream Oil & Gas Equipment market growth. The country’s exporters has to
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. The country’s
abundance of shale reserves along with its increasing shale exploration and
production has ultimately urged the need for high level of investment to
accommodate the changing regional requirements of gas transportation; by 2019
the demand for ongoing construction will begin to ebb. Even though the
Projection for LNG export facilities
has been clouded by the current uncertainty in crude prices market fundamentals
will drive the eventual construction of many facilities over the forecast
period. Many of these projects are likely to be under construction till 2020.
The facilities will be the primary application sites and will drive the U.S.
Midstream Oil & Gas Equipment market for a wide range of equipments
including valves, pumps and compressors.
The industry participants in the
country face significant competition from the Korean, German and the Chinese
players. By competition, the U.S. industry participants have been particularly
competitive in manufacturing of gas treating and processing equipments,
compressors, automatic valves, storage tanks etc. These specific trends in manufacturing
of these equipments are likely to continue with the country’s exports weighted
more towards specialized high tech equipments. Hence, with such increasing
production and processing of shale reserves and the country’s increasing focus
on midstream industry demand for oil and gas equipments are projected to
increase over the forecast period.
Competitive Landscape and Key
Vendors Southwest region has the highest number of refineries in the country
with many export facilities in the cost. The region has the country’s largest
oil & gas reserves which create additional opportunities for processing in
the field vicinities. The states of Texas and Oklahoma 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 activities are expected to boost
demand over the forecast period in the region. The industry is fragmented with
high level of competitiveness. Some of the leading industry participants in the
U.S. Midstream Oil & Gas Equipment market
Access Press
Release of Research Report By Polaris Market Research: https://www.polarismarketresearch.com/press-releases/u-s-midstream-oil-gas-equipment-market/
Leading Top Companies 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.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
No comments:
Post a Comment
Please do not enter any spam link in the comment box...