Market Size of Egypt Oil And Gas Midstream Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.65 Trillion |
Market Size (2029) | USD 2.05 Trillion |
CAGR (2024 - 2029) | 4.38 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Egypt Oil & Gas Midstream Market Analysis
The Egypt Oil And Gas Midstream Market size in terms of Equal-4.38 is expected to grow from USD 1.65 trillion in 2024 to USD 2.05 trillion by 2029, at a CAGR of 4.38% during the forecast period (2024-2029).
- Over the medium term, the factors such as increasing investment in the sector and increasing production of oil and gas are expected to boost the demand for the Egypt oil and gas midstream market during the forecast period.
- However, increasing demand for renewable sources is likely to hinder the market growth as energy demand will be fulfilled by the cleaner sources of energy.
- Nevertheless. exploration and production of gas fields in the East Mediterranean are expected to become an opportunity for the companies working in the oil and gas midstream industry as more pipeline and storage infrastructure is expected to be required in the near future.