Market Size of Saudi Arabia Oil And Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 81.34 Billion |
| Market Size (2029) | USD 93.55 Billion |
| CAGR (2024 - 2029) | 2.84 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Oil And Gas Midstream Market Analysis
The Saudi Arabia Oil And Gas Midstream Market size is estimated at USD 81.34 billion in 2024, and is expected to reach USD 93.55 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).
- Over the medium term, factors such as increasing production and consumption of natural gas and refined petroleum products and increasing usage of pipelines for fuel transportation are likely to drive the oil and gas midstream market during the forecast period.
- On the other note, environmental concerns regarding new pipelines and transportation infrastructure are likely to restrain the growth of the oil and gas midstream market.
- Nevertheless, the country's plans to develop unconventional natural gas reserves in the eastern Jafurah field can create an opportunity for companies with expertise in unconventional resources and increase the capacity required for storage and pipelines.
