United States Mid Stream Oil Gas Equipment Market Press Release

1. UnitedStatesMid-StreamOilGasEquipment MarketGrowthtobe Propelled by High Demand for Transportation Fuel, and Large Presence of Oil RefineriesbyCAGRof 6%During2022– 2031 KennethResearchpublished areporttitled “UnitedStatesMid-StreamOilGas EquipmentMarket: Demand Analysis & OpportunityOutlook 2031” whichdelivers detailed overview of the United States mid-stream oil gas equipment market in terms of market segmentation by producttype,byapplication type, and byservice. Further,for thein-depthanalysis, thereportencompasses theindustry growth indicators,restraints,supplyanddemandrisk,alongwithdetaileddiscussiononcurrent and future markettrends thatareassociated withthegrowthofthemarket. The United States mid-stream oil gas equipment market is expected to grow at a CAGR ofapproximately6%from2022-2031.Themarketissegmentedbyproducttypeintothe pipe, gas treating & processing equipment, rail tank cars, compressors, pumps, valves, instrumentation equipment, storage tanks, and other equipment. Of these, the pipe segment is anticipated to hold the largest market share by the end of 2031, owing to the significanceofpipelinesinthemidstreamsectorfortransportationandrevenue

2. generation. Pipes hold the highest share also for the advantages of pipelines, including low operating costs, flexibility, complete operational automation, and environmental friendliness. Access full description here: https://www.kennethresearch.com/report- details/us-midstream-oil-gas-equipment-market/10070739 TheUnitedStatesmid-streamoilgasequipmentmarketisexpectedtoholdarevenueof ~ USD10billionby 2031growingfrom~ USD7 billionin2021.Themarketgrowthcan beattributedtothegrowingneedfortransportfuel,the significantpresenceofoil refineriesintheU.S.,manyexportoptionsofthenation,largenaturalgasproduction and consumption,and wealthyoiland gasreservesinthenation. IncreasingDemandforTransportation FueltoBoostthe MarketGrowth AccordingtotheU.S.EnergyInformationAdministration,theU.S.consumed28%ofits total energy consumption in 2021 for transporting people and goods from one place to another.Petroleum products constituted ~91% of the energy consumption, and the rest was met by biofuels and natural gas. Of the petroleum products, gasoline formed ~55%, distillate ~25%,and jet fuel~12%. Therequirementof transportationfuelremainsrelevant inchangingsociopolitical situationsduetotheimpacttransportationcanhaveinmanyothersectors.Atemporary inconvenience in transportation can adversely affect the economy, and hence travel fuel demand should be considered one of the prime reasons for growth in the United States mid-streamoilgasequipment market. MajorPresenceof Several Oil RefineriestoBoost theMarketGrowth InJanuary2022, thenumberoffunctionalpetroleumrefineries intheU.S.was estimated to be more than 129. The Office of Energy Efficiency & Renewable Energy estimatedthattherehasbeenanincreaseinthecapacityofalltheserefineriesinthelast four decades.Accordingly, there was a raise of about 123% in the average distillation capacityperrefineryfrom1982to2019.Thelowestcapacityduringtheperiodwas14.4

3. millionbarrelsperday(b/d)in1985andthehighestwas18.7millionb/din2019.Today, the largest refineryin theU.S.hasacapacityofmorethan625999 b/d. A large number of refineries in the U.S. and their increasing capacities create more demandintheUnitedStatesmid-streamoilgasequipmentmarketasmidstreamplays a significant part in transporting oil and gas from the upstream wells to the refineries. Thus,morerefineries need anequally equipped midstreamsector. However,oilpipelines that haveexpired theirinitialdesignlifespan,thenegative portrayal of carbon energy promoted by the green energy transition movements, and regulationsoffederal andstatelevelgovernmentsareexpectedtooperate askey restraintstothegrowthoftheUnited Statesmid-stream oil gasequipmentmarket. This report also provides the existing competitive scenario of some of the key players of theUnitedStatesmid-streamoilgasequipmentmarketwhichincludescompany profiling of ABB Ltd, Ariel Corporation, Baker Hughes Company, Caterpillar, Compass Energy Systems Ltd., Eni S.p.A., Flowserve Corporation, General Electric Company, Kinder Morgan, Inc., Linde, Inc., and others. The profiling enfolds key information of thecompanieswhichencompassesbusinessoverview,productsandservices,key financials and recent news and developments. On the whole, the report depicts detailed overviewoftheUnitedStatesmid-streamoilgasequipmentmarket thatwillhelp industryconsultants,equipmentmanufacturers,existingplayers searchingfor expansion opportunities, new players searching possibilities and other stakeholders to aligntheirmarketcentricstrategiesaccordingtotheongoingandexpectedtrendsinthe future. Request Report Sample@ https://www.kennethresearch.com/sample- request-10070739 KennethResearch isaleadingserviceproviderfor strategicmarketresearch and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their futuremarketing strategy,expansionandinvestmentetc. We believeevery businesscan

4. expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order toavoid futureuncertainties. ContactformoreInfo: AJDaniel Email:sales@kennethresearch.com U.S. Phone:+13134620609