Oil And Gas Market Size and Forecast 2020-2030 | Covid 19 Impact And Recovery

The Business Research Company offers "Oil And Gas Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global oil and gas market is expected to decline from $6706.8 billion in 2019 to $3818.5 billion in 2020 at a compound annual growth rate (CAGR) of -43.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $4481.3 billion in 2023.

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The oil and gas market consists of sales of oil and gas by entities (organizations, sole traders or partnerships) that undertake the exploration for, extraction, drilling, and refining, of oil and gas and some of its derivatives. This market does not include petrochemicals.

Capturing The Value Of Technology - The oil and gas industry has improved its technology or leveraged that of its service suppliers to match with the world's increasing hydrocarbon demand. Many oil and gas companies have made use of digitization, IoT and robotics to increase production with limited investment .These technologies enabled oil and gas companies to substantially decrease production costs and increase production volumes. For instance, Shell saved about $1 million from its Nigerian operations by placing monitoring devices on its wellhead equipment to monitor operating conditions in the well , thus indicating the role of IT technologies to reduce production costs and increase production volumes.

Oil And Gas Market Segmentation: -
By Type
1. Oil & Gas Upstream Activities
2. Oil Downstream Activities

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Oil And Gas Market Characteristics
4. Oil And Gas Market Product Analysis
5. Oil And Gas Market Supply Chain
......
20. Oil And Gas Market Competitive Landscape
21. Key Mergers And Acquisitions In The Oil And Gas Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the Oil And Gas Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Oil And Gas Market are Saudi Aramco; Exxon Mobil Corporation; Royal Dutch Shell; BP Plc; Sinopec Limited

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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