Oil and gas infrastructure market seen topping $1.18T by 2030

The Business Research Company says the global oil and gas infrastructure market is on track to exceed $1.184 trillion by 2030, driven by LNG spending, pipeline upgrades and unconventional production growth. North America and the U.S. are expected to lead the market, while pipelines remain the biggest segment.

Why it matters: - Oil and gas infrastructure sits at the center of exploration, production, transport and processing. - The market’s growth signals continued capital spending across upstream and midstream energy systems even as the broader industry evolves. - Infrastructure investment matters for supply security, export capacity and the reliability of aging energy networks.

What happened: - The Business Research Company projected the global oil and gas infrastructure market will surpass $1,184 billion by 2030. - The market is forecast to grow at an 8% compound annual growth rate through 2030. - North America is expected to be the largest regional market in 2030 at $341 billion, up from $227 billion in 2025. - The U.S. is projected to remain the largest country market, reaching about $290 billion in 2030, compared with $189 billion in 2025. - Oil, gas and natural gas liquids pipelines are expected to be the biggest segment by 2030 at about $347 billion, or 29% of the market.

The details: - The oil and gas infrastructure market represents about 19% of the parent Oil & Gas Upstream Activities market, which is expected to reach $6,369 billion by 2030. - The segment makes up nearly 11% of the broader oil and gas industry, forecast at $10,725 billion by 2030. - The market includes surface and lease equipment, gathering and processing facilities, pipelines, storage, refining, and transport/export terminals. - The market is also segmented by operation into transmission and distribution, and by deployment into onshore and offshore infrastructure. - Growth is being driven by investment in LNG facilities, pipeline network expansion, refinery modernization and unconventional oil and gas development. - LNG and natural gas infrastructure investment is estimated to add 2.6% annual growth to the market. - Pipeline expansion and refinery modernization are expected to add 2.4% annual growth. - Infrastructure tied to shale gas, shale oil, tight oil and coal bed methane is estimated to contribute 2.2% annual growth. - The biggest growth opportunities are in pipelines, gathering and processing, surface and lease equipment, refining and transport, storage, and export terminals. - Those segments are expected to add more than $386 billion in value by 2030. - Oil, gas and NGL pipelines alone are projected to grow by $116 billion. - Gathering and processing is projected to grow by $66 billion.

Between the lines: - North America’s lead reflects investments in upstream and midstream expansion, unconventional output and modernization of older infrastructure. - The U.S. market is being supported by LNG export capacity, strategic energy projects and demand for resilient transport networks. - The market remains fragmented, with the top 10 companies accounting for 16% of global revenue in 2025. - Shell PLC held the largest single-company share in 2025 at 3% of global sales. - Competitive advantage is tied to asset integrity, regulatory compliance and digital integration. - The pressure to upgrade infrastructure is also creating demand for engineering, construction and maintenance services.

What's next: - Companies are expected to keep investing in pipeline monitoring, automation, predictive maintenance and digital asset management. - More LNG and midstream projects are likely as governments and energy firms pursue energy security and export growth. - The Karratha grassroots refinery project in Australia is moving into a pre-feasibility study phase after federal and Western Australian governments initiated work in July 2026. - That project aims to expand local refining capacity, secure diesel supplies, support manufacturing and reduce imported fuel dependence.

The bottom line: - Oil and gas infrastructure is still set for broad expansion through 2030, with pipelines, LNG and modernization projects doing most of the heavy lifting.