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Oil and Gas market research

Upstream equipment, midstream systems, fuels and the services around them.

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All oil and gas markets

MarketValue 2026Value 2036CAGR 2026-36Largest country
Accommodation PlatformUSD 1.2 bnUSD 2.0 bn5.5%Norway
Active Electrical CableUSD 1.2 bnUSD 6.9 bn19.0%United States
Artificial LiftUSD 9.8 bnUSD 14.6 bn4.0%United States
Aviation FuelUSD 331 bnUSD 481 bn3.8%United States
Bidirectional Charging UnitsUSD 529 mnUSD 3.9 bn22.0%China
Blowout PreventerUSD 5.1 bnUSD 8.7 bn5.5%United States
BunkeringUSD 142 bnUSD 165 bn1.5%Singapore
ButaneUSD 48.3 bnUSD 61.8 bn2.5%China
CNG StationUSD 3.4 bnUSD 5.7 bn5.5%China
Casing and TubingUSD 43.9 bnUSD 66.9 bn4.3%United States
City Gas DistributionUSD 568 bnUSD 693 bn2.0%United States
Coal Bed MethaneUSD 12.9 bnUSD 18.1 bn3.4%China
Coiled TubingUSD 5.4 bnUSD 8.8 bn5.0%United States
Commodity TradingUSD 76.9 bnUSD 98.4 bn2.5%China
Compressed Natural GasUSD 64.5 bnUSD 95.4 bn4.0%China
Compressor Anti Surge Control ValveUSD 543 mnUSD 885 mn5.0%United States
Compressor StationUSD 8.9 bnUSD 14.3 bn4.8%United States
CondensateUSD 193 bnUSD 235 bn2.0%United States
Convenience Retail FuelUSD 1.2 tnUSD 1.4 tn1.8%United States
Core AnalysisUSD 1.4 bnUSD 2.2 bn4.6%United States
Crew Transfer Safety SystemUSD 281 mnUSD 635 mn8.5%United Kingdom
Crude Distillation UnitUSD 4.8 bnUSD 7.1 bn4.0%China
Crude OilUSD 2.1 tnUSD 2.4 tn1.5%United States
DieselUSD 1.8 tnUSD 2.0 tn1.0%United States
Digital OilfieldUSD 30.8 bnUSD 79.9 bn10.0%United States
Directional DrillingUSD 27.3 bnUSD 46.6 bn5.5%United States
Distribution PipelineUSD 33.4 bnUSD 50.9 bn4.3%United States
Diverting Agent ChemicalsUSD 689 mnUSD 1.2 bn6.0%United States
Downstream Oil and GasUSD 2.6 tnUSD 3.0 tn1.5%United States
Drill BitUSD 6.3 bnUSD 10.5 bn5.2%United States
Drill PipeUSD 2.7 bnUSD 4.1 bn4.2%United States
Drilling FluidUSD 11.5 bnUSD 17.5 bn4.3%United States
DrillingUSD 153 bnUSD 206 bn3.0%United States
Drilling RigUSD 9.4 bnUSD 14.7 bn4.5%United States
DrillshipUSD 9.8 bnUSD 18.4 bn6.5%Brazil
Dry Gas SealUSD 1.2 bnUSD 1.9 bn5.0%United States
E-Fuel CatalystsUSD 91 mnUSD 993 mn27.0%Germany
Electrical Submersible PumpUSD 8.2 bnUSD 13.3 bn5.0%United States
Electrolyzer SealantsUSD 90 mnUSD 770 mn24.0%China
Enclosed Waste Gas FlaresUSD 475 mnUSD 811 mn5.5%United States
Energy Storage High Voltage ConnectorUSD 690 mnUSD 2.3 bn13.0%China
Energy Trading SoftwareUSD 2.5 bnUSD 5.6 bn8.5%United States
Enhanced Oil RecoveryUSD 37.8 bnUSD 62.8 bn5.2%United States
Filter Cake BreakersUSD 368 mnUSD 599 mn5.0%United States
Flare Gas NozzlesUSD 157 mnUSD 243 mn4.5%United States
Flare Gas Recovery SystemUSD 954 mnUSD 1.8 bn6.5%United States
Floating Production Storage and OffloadingUSD 18.9 bnUSD 32.3 bn5.5%Brazil
Floating Production UnitUSD 25.4 bnUSD 46.4 bn6.2%Brazil
Floating Roof TankUSD 2.5 bnUSD 4.0 bn4.8%United States
Floating Storage Regasification UnitUSD 2.4 bnUSD 4.2 bn6.0%Egypt
Fluid Catalytic CrackingUSD 2.6 bnUSD 3.6 bn3.4%United States
Formation EvaluationUSD 23.3 bnUSD 39.8 bn5.5%United States
Frac EquipmentUSD 6.3 bnUSD 10.8 bn5.5%United States
Frac SandUSD 4.3 bnUSD 6.1 bn3.5%United States
Fuel CardUSD 16.4 bnUSD 29.4 bn6.0%United States
Fuel DistributionUSD 3.1 tnUSD 3.4 tn0.8%United States
Fuel OilUSD 167 bnUSD 184 bn1.0%Singapore
Fuel RetailUSD 3.1 tnUSD 3.8 tn2.0%United States
Gas LiftUSD 3.0 bnUSD 4.8 bn4.8%United States
Gas ProcessingUSD 56.4 bnUSD 75.8 bn3.0%United States
GasolineUSD 1.7 tnUSD 1.8 tn0.5%United States
Geological ModelingUSD 1.2 bnUSD 2.7 bn8.0%United States
Geophysical ServicesUSD 11.7 bnUSD 19.9 bn5.5%United States
Gravel Pack ChemicalsUSD 472 mnUSD 770 mn5.0%United States
Heavy OilUSD 335 bnUSD 400 bn1.8%United States
HedgingUSD 14.7 bnUSD 23.9 bn5.0%United States
High Current Ion ImplanterUSD 954 mnUSD 1.9 bn7.0%China
High Octane Racing FuelUSD 673 mnUSD 996 mn4.0%United States
High Precision Microfluidic PumpUSD 654 mnUSD 1.5 bn8.5%China
High Voltage Cable TerminationUSD 1.5 bnUSD 3.3 bn8.0%China
High Voltage Porcelain BushingUSD 504 mnUSD 837 mn5.2%China
Hydraulic FracturingUSD 53.0 bnUSD 71.3 bn3.0%United States
HydrocrackerUSD 1.4 bnUSD 2.1 bn3.6%China
Jack Up RigUSD 14.0 bnUSD 20.8 bn4.0%Saudi Arabia
Jet FuelUSD 279 bnUSD 376 bn3.0%United States
KeroseneUSD 309 bnUSD 407 bn2.8%United States
LGC VLGC LPG Shipyard CarrierUSD 1.6 bnUSD 2.4 bn4.0%China
LNG CarrierUSD 16.1 bnUSD 22.7 bn3.5%Qatar
LNG FuelUSD 24.0 bnUSD 54.2 bn8.5%China
LNG RegasificationUSD 12.6 bnUSD 19.6 bn4.5%China
LNG TerminalUSD 45.4 bnUSD 81.2 bn6.0%United States
Liquefied Natural GasUSD 240 bnUSD 372 bn4.5%China
Liquefied Petroleum GasUSD 177 bnUSD 226 bn2.5%China
Logging While DrillingUSD 4.0 bnUSD 6.8 bn5.5%United States
Lubricant Base OilUSD 38.8 bnUSD 47.2 bn2.0%China
Marine FuelUSD 136 bnUSD 158 bn1.5%Singapore
Marine Loading ArmsUSD 530 mnUSD 949 mn6.0%United States
Marine Power Battery SystemUSD 1.8 bnUSD 9.6 bn18.0%China
Marine Thermal Fluid HeatersUSD 251 mnUSD 409 mn5.0%China
Measurement While DrillingUSD 5.0 bnUSD 8.6 bn5.5%United States
Metering StationUSD 2.5 bnUSD 4.2 bn5.3%United States
Methane Emissions ManagementUSD 3.7 bnUSD 15.0 bn15.0%United States
Midstream Oil and GasUSD 430 bnUSD 579 bn3.0%United States
Mud LoggingUSD 1.2 bnUSD 1.9 bn4.2%United States
Mud Motor RotorsUSD 262 mnUSD 428 mn5.0%United States
Mud PumpUSD 1.4 bnUSD 2.4 bn5.2%United States
Natural Gas LiquidsUSD 144 bnUSD 200 bn3.3%United States
Natural GasUSD 800 bnUSD 975 bn2.0%United States
Offshore DrillingUSD 25.7 bnUSD 41.9 bn5.0%Brazil
Oil Country Tubular GoodsUSD 46.6 bnUSD 68.9 bn4.0%United States
Oil SandsUSD 69.4 bnUSD 82.9 bn1.8%United States
Oil StorageUSD 23.0 bnUSD 35.7 bn4.5%United States
Oil TerminalUSD 39.5 bnUSD 57.4 bn3.8%United States
Oil TradingUSD 23.1 bnUSD 28.1 bn2.0%China
Oil and GasUSD 3.3 tnUSD 3.8 tn1.5%United States
Oilfield ServicesUSD 347 bnUSD 489 bn3.5%United States
Onshore DrillingUSD 54.1 bnUSD 84.0 bn4.5%United States
Oriented Perforating SystemUSD 435 mnUSD 643 mn4.0%United States
Outdoor Boundary Vacuum Load SwitchUSD 615 mnUSD 1.1 bn6.2%China
Overhead ConductorUSD 5.3 bnUSD 10.0 bn6.5%China
PDC Drill Bit CuttersUSD 735 mnUSD 1.2 bn5.0%United States
Petrochemical FeedstockUSD 300 bnUSD 403 bn3.0%China
Petrol StationUSD 2.9 tnUSD 3.3 tn1.5%United States
Petroleum WaxUSD 5.1 bnUSD 7.4 bn3.8%China
PetrophysicsUSD 5.7 bnUSD 9.7 bn5.5%United States
Pipeline CoatingUSD 11.3 bnUSD 18.0 bn4.8%China
Pipeline InspectionUSD 5.1 bnUSD 10.1 bn7.0%United States
Pipeline IntegrityUSD 8.8 bnUSD 16.9 bn6.8%United States
Pipeline Leak DetectionUSD 3.0 bnUSD 6.4 bn7.8%United States
PipelineUSD 70.0 bnUSD 98.8 bn3.5%China
Pipeline PiggingUSD 3.3 bnUSD 6.1 bn6.3%United States
Plunger LiftUSD 932 mnUSD 1.4 bn3.8%United States
Portable Gas Conditioning SkidsUSD 210 mnUSD 342 mn5.0%United States
Pressure PumpingUSD 54.6 bnUSD 84.8 bn4.5%United States
Production PlatformUSD 14.8 bnUSD 24.2 bn5.0%Brazil
PropaneUSD 112 bnUSD 143 bn2.5%United States
ProppantUSD 7.7 bnUSD 10.3 bn3.0%United States
Pump StationUSD 4.1 bnUSD 6.8 bn5.2%United States
Refinery HydrogenUSD 63.5 bnUSD 83.8 bn2.8%China
Refinery MaintenanceUSD 31.2 bnUSD 45.3 bn3.8%United States
RefineryUSD 71.8 bnUSD 96.4 bn3.0%China
Refinery TurnaroundUSD 18.8 bnUSD 27.8 bn4.0%United States
RefiningUSD 2.9 tnUSD 3.2 tn1.0%United States
Renewable Energy ContactorUSD 533 mnUSD 1.4 bn10.0%China
Renewables Energy Consulting ServiceUSD 5.7 bnUSD 13.4 bn9.0%United States
Reservoir SimulationUSD 1.6 bnUSD 3.1 bn6.8%United States
Residential Solar GeneratorUSD 3.6 bnUSD 9.3 bn10.0%United States
RiserUSD 3.6 bnUSD 6.6 bn6.2%Brazil
Rod PumpUSD 3.5 bnUSD 5.2 bn4.0%United States
Sand Control ResinsUSD 189 mnUSD 308 mn5.0%United States
Seismic AcquisitionUSD 5.9 bnUSD 9.9 bn5.3%United States
Seismic SurveyUSD 7.7 bnUSD 10.9 bn3.5%United States
Semi Submersible RigUSD 10.3 bnUSD 18.4 bn6.0%Brazil
Shale GasUSD 129 bnUSD 182 bn3.5%United States
Subsea EquipmentUSD 15.4 bnUSD 28.9 bn6.5%Brazil
Subsea Filter SeparatorsUSD 265 mnUSD 475 mn6.0%United States
Subsea ManifoldUSD 1.0 bnUSD 1.8 bn6.0%Brazil
Subsea TreeUSD 3.6 bnUSD 7.1 bn7.0%Brazil
Subsea UmbilicalUSD 2.4 bnUSD 4.7 bn7.0%Brazil
Surface Well Test ChokesUSD 158 mnUSD 257 mn5.0%United States
Surface Well Test ManifoldsUSD 290 mnUSD 421 mn3.8%United States
Switching Residential Voltage RegulatorUSD 1.2 bnUSD 2.1 bn5.5%India
Synchronizer for Dual-Clutch Transmissions (DCT)USD 283 mnUSD 312 mn1.0%China
Tight OilUSD 217 bnUSD 252 bn1.5%United States
Top Drive Modernization KitsUSD 198 mnUSD 307 mn4.5%United States
Transmission PipelineUSD 62.4 bnUSD 92.4 bn4.0%China
Upstream Oil and GasUSD 548 bnUSD 702 bn2.5%United States
VisbreakerUSD 546 mnUSD 848 mn4.5%India
WaterfloodingUSD 14.5 bnUSD 21.0 bn3.8%United States
Well CompletionUSD 54.6 bnUSD 88.9 bn5.0%United States
Well InterventionUSD 18.0 bnUSD 32.3 bn6.0%United States
Wellhead EquipmentUSD 6.6 bnUSD 11.2 bn5.5%United States
Wireline ServicesUSD 16.1 bnUSD 25.8 bn4.8%United States

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