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Midstream Oil and Gas Market Size, Share and Forecast 2026-2036

The global midstream oil and gas market is worth USD 430 bn in 2026 and is forecast to reach USD 579 bn by 2036, growing at a 3.0% CAGR. United States is the largest country market and Pipeline transport is the largest by service segment.

USD 430 bnMarket size 2026
USD 579 bnForecast 2036
3.0%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global midstream oil and gas market is worth USD 430 bn in 2026 and is forecast to reach USD 579 bn by 2036, growing at a 3.0% CAGR. United States is the largest country market and Pipeline transport is the largest by service segment.

ScopeRevenue from moving, storing and processing crude oil, natural gas and natural gas liquids: pipelines, storage terminals, gathering and processing and rail and marine transfer facilities.
IndustryOil and Gas
Value 2025USD 420 bn
Value 2026USD 430 bn
Value 2036USD 579 bn
CAGR 2026-20363.0%
Volume 20268,119 million tonnes of oil equivalent
Volume 20369,878 million tonnes of oil equivalent
Average price 2026USD 53.0 per tonnes of oil equivalent
Report priceStarts from USD 1,999
PublishedNovember 2026

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Midstream Oil and Gas market size and forecast, 2026-2036

Exhibit 1The global midstream oil and gas market is forecast to grow from USD 430 bn in 2026 to USD 579 bn by 2036, a rise of 34%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 3.0%
Midstream Oil and Gas market value, 2025 to 2036Market value by year. 2025: USD 420 bn; 2026: USD 430 bn; 2027: USD 443 bn; 2028: USD 457 bn; 2029: USD 470 bn; 2030: USD 485 bn; 2031: USD 499 bn; 2032: USD 514 bn; 2033: USD 529 bn; 2034: USD 545 bn; 2035: USD 562 bn; 2036: USD 579 bn. Compound annual growth rate 2026 to 2036: 3.0%.2025430 bn2026499 bn2031579 bn20363.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 430 bn
2027USD 443 bn
2028USD 457 bn
2029USD 470 bn
2030USD 485 bn
2031USD 499 bn
2032USD 514 bn
2033USD 529 bn
2034USD 545 bn
2035USD 562 bn
2036USD 579 bn

Midstream Oil and Gas market segmentation

By service

Exhibit 2Pipeline transport is the largest segment by service, with 42.0% of 2026 revenueEstimated share of 2026 global revenue, by service
Midstream Oil and Gas market share by service, 2026Share of 2026 revenue by service. Pipeline transport: 42.0%; Gathering and processing: 22.0%; Storage and terminals: 18.0%; Marine and rail transfer: 10.0%; Other midstream services: 8.0%.Pipeline transport42.0%Gathering and processing22.0%Storage and terminals18.0%Marine and rail transfer10.0%Other midstream services8.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pipeline transport42.0%41.5%USD 181 bn2.9%
Storage and terminals18.0%18.1%USD 77.5 bn3.1%
Gathering and processing22.0%22.2%USD 94.7 bn3.1%
Marine and rail transfer10.0%10.6%USD 43.0 bn3.6%
Other midstream services8.0%7.7%USD 34.4 bn2.6%

By product

Exhibit 3Natural gas adds the most revenue by product, growing from USD 155 bn in 2026 to USD 221 bn by 2036Estimated revenue in USD by product, 2026 and 2036 forecast
Midstream Oil and Gas market by product, 2026 and 2036Revenue by product in 2026 and 2036. Natural gas: USD 155 bn in 2026, USD 221 bn in 2036, change +43%; Natural gas liquids and refined products: USD 129 bn in 2026, USD 181 bn in 2036, change +40%; Crude oil: USD 146 bn in 2026, USD 177 bn in 2036, change +21%.20262036 forecastChangeNatural gas+43%155 bn221 bnNatural gas liquids and refined products+40%129 bn181 bnCrude oil+21%146 bn177 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Crude oil34.0%30.6%USD 146 bn1.9%
Natural gas36.0%38.2%USD 155 bn3.6%
Natural gas liquids and refined products30.0%31.2%USD 129 bn3.4%

By contract type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Fee-based take-or-pay52.0%54.0%USD 224 bn3.4%
Fee-based volume28.0%26.0%USD 121 bn2.2%
Commodity-exposed20.0%20.0%USD 86.1 bn3.0%

By owner type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Listed midstream companies30.0%28.0%USD 129 bn2.3%
National oil companies36.0%38.0%USD 155 bn3.6%
Private and infrastructure funds20.0%22.0%USD 86.1 bn4.0%
Utilities14.0%12.0%USD 60.3 bn1.4%

By asset scale

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Gathering and local lines26.0%24.0%USD 112 bn2.2%
Regional transmission38.0%38.0%USD 164 bn3.0%
Long-haul trunk lines36.0%38.0%USD 155 bn3.6%

Top 25 countries for midstream oil and gas by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 71.0% of 2026 revenue and the 25 countries below together hold 91.3%.

Exhibit 4United States is the largest country market at USD 129 bn in 2026, and the three largest countries hold 48.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Midstream Oil and Gas market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 129 bn, 30.0%; China: USD 51.7 bn, 12.0%; Russia: USD 25.8 bn, 6.0%; Canada: USD 21.5 bn, 5.0%; India: USD 17.2 bn, 4.0%; Saudi Arabia: USD 15.1 bn, 3.5%; United Arab Emirates: USD 12.9 bn, 3.0%; Germany: USD 10.8 bn, 2.5%; Japan: USD 10.8 bn, 2.5%; Brazil: USD 10.8 bn, 2.5%.United States129 bn 30.0%China51.7 bn 12.0%Russia25.8 bn 6.0%Canada21.5 bn 5.0%India17.2 bn 4.0%Saudi Arabia15.1 bn 3.5%United Arab Emirates12.9 bn 3.0%Germany10.8 bn 2.5%Japan10.8 bn 2.5%Brazil10.8 bn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 129 bn30.0%USD 174 bn3.0%
2ChinaUSD 51.7 bn12.0%USD 74.1 bn3.7%
3RussiaUSD 25.8 bn6.0%USD 29.5 bn1.3%
4CanadaUSD 21.5 bn5.0%USD 27.2 bn2.4%
5IndiaUSD 17.2 bn4.0%USD 28.9 bn5.3%
6Saudi ArabiaUSD 15.1 bn3.5%USD 20.8 bn3.3%
7United Arab EmiratesUSD 12.9 bn3.0%USD 17.9 bn3.3%
8GermanyUSD 10.8 bn2.5%USD 12.7 bn1.7%
9JapanUSD 10.8 bn2.5%USD 11.6 bn0.7%
10BrazilUSD 10.8 bn2.5%USD 15.6 bn3.8%
11MexicoUSD 10.4 bn2.4%USD 13.2 bn2.5%
12IranUSD 9.5 bn2.2%USD 15.0 bn4.7%
13AustraliaUSD 8.6 bn2.0%USD 10.9 bn2.4%
14KazakhstanUSD 7.8 bn1.8%USD 10.0 bn2.4%
15United KingdomUSD 7.1 bn1.7%USD 7.7 bn0.7%
16ArgentinaUSD 6.5 bn1.5%USD 10.3 bn4.7%
17ItalyUSD 5.9 bn1.4%USD 7.5 bn2.5%
18KuwaitUSD 5.4 bn1.2%USD 6.8 bn2.4%
19TurkeyUSD 4.9 bn1.1%USD 6.2 bn2.4%
20FranceUSD 4.4 bn1.0%USD 5.7 bn2.5%
21NetherlandsUSD 4.0 bn0.9%USD 5.1 bn2.4%
22South KoreaUSD 3.7 bn0.9%USD 4.7 bn2.4%
23IndonesiaUSD 3.4 bn0.8%USD 4.3 bn2.5%
24EgyptUSD 3.1 bn0.7%USD 3.9 bn2.4%
25NigeriaUSD 2.8 bn0.6%USD 4.4 bn4.8%
Rest of worldUSD 37.4 bn8.7%USD 50.3 bn3.0%
Exhibit 5United States and China account for 46% of the USD 148 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Midstream Oil and Gas market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 430 bn. United States: +USD 45.0 bn; China: +USD 22.4 bn; India: +USD 11.7 bn; Saudi Arabia: +USD 5.8 bn; Canada: +USD 5.7 bn; 20 other countries: +USD 44.7 bn; Rest of world: +USD 12.9 bn. Market value 2036: USD 579 bn.Market value 2026430 bnUnited States+45.0 bnChina+22.4 bnIndia+11.7 bnSaudi Arabia+5.8 bnCanada+5.7 bn20 other countries+44.7 bnRest of world+12.9 bnMarket value 2036579 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Enterprise Products Partners
  • Energy Transfer
  • Kinder Morgan
  • Williams
  • Enbridge
  • TC Energy
  • PipeChina

Group 2: Regional and specialist players

  • ONEOK
  • Targa Resources
  • Plains All American
  • MPLX
  • Transneft
  • DCP Midstream
  • Cheniere Energy
  • Sempra

Group 3: Emerging and niche players

  • Pembina Pipeline
  • Keyera
  • Western Midstream
  • Hess Midstream
  • Gibson Energy
  • AltaGas
  • Antero Midstream

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the midstream oil and gas market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 3.0% is calculated from the resulting values.

The market is divided by service, by product, by contract type, by owner type, by asset scale. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the midstream oil and gas market?

The global midstream oil and gas market is estimated at USD 420 bn in 2025 and USD 430 bn in 2026.

How fast will the midstream oil and gas market grow?

It is forecast to reach USD 579 bn by 2036, a compound annual growth rate of 3.0% from 2026, an increase of USD 148 bn.

Which country is the largest market for midstream oil and gas?

United States is the largest market by revenue at USD 129 bn in 2026, 30.0% of the global total. The three largest countries together hold 48.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 5.3% a year from 2026 to 2036.

Which midstream oil and gas segment is largest?

In the by service split, Pipeline transport is the largest segment with 42.0% of 2026 revenue.

Who are the leading midstream oil and gas companies?

Global leaders include Enterprise Products Partners, Energy Transfer, Kinder Morgan, Williams.

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