Market Size of India Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Midstream Oil and Gas Market Analysis
The market for the Indian oil and gas midstream is expected to register a CAGR of more than 2.4% during the forecast period of 2020-2025. Factors, such as increasing investment in the pipeline sector and increasing production and consumption of oil and gas, are expected to boost the demand for the Indian oil and gas midstream market during the forecast period. Additionally, upcoming LNG terminal projects are also expected to drive the market growth. However, the high volatility of crude oil prices coupled with a drop in consumption due to COVID-19, is making the industry unprofitable and thereby impeding the growth of the market.
- With a growing pipeline network, the transportation segment is expected to witness significant growth. New pipelines are in the proposal or the construction stage and are expected to be completed during the forecast period.
- The increasing import of natural gas and growing pipeline networks in the city gas distribution market is expected to create considerable market opportunities in the future.
- With increasing gas imports and consumption is different sections, new LNG terminals are under construction, which are driving the market during the forecast period.
