Press release
Oil and Gas Market: Soaring Growth on Back of Crude Oil and Natural Gas Production Expansion
Oil And Gas Market
The oil and gas market is projected to experience significant growth driven by surge in crude oil and natural gas production, investment rise for oil and gas exploration in developing countries, and expansion of the petrochemical industry.
What Is The Projected Market Size Of The Global Oil And Gas Market And Its Growth Rate?
• The Oil and Gas market size steadily grew from $7752.02 billion in 2024 to $8184.98 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%.
• The growth during the historic period was spurred on by surge in crude oil and natural gas production, petrochemical industry expansion, emerging market growth, and a rise in oil and gas exploration investments in developing countries.
• The Oil and Gas market is expected to see steady growth, reaching $9894.48 billion in 2029 at a CAGR of 4.9%.
• The forecast period growth can be attributed to growth in resource exploration, government support, shift towards digital technologies, growing popularity of reservoir modeling, investing in oil drilling activities, and industry alliances for advanced drilling solutions.
What Is Driving The Growth In The Oil And Gas Market?
The primary driving force of the oil and gas market is the low interest rates across many developed countries. In countries such as the UK, North Macedonia, South Africa, Malaysia, Kenya, Argentina, Ukraine, Sri Lanka, and Azerbaijan, central banks have notably reduced their interest rates in 2021. This factor has significantly contributed to the positive impact on the oil and gas industry during the forecast period.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1868&type=smp
Who Are the Key Players Driving Oil And Gas Market Growth?
• Sinopec
• Saudi Aramco
• Exxon Mobil
• Chevron
• BP plc
• Royal Dutch Shell
• Valero Energy Corp
• PJSC Gazprom
• Indian Oil Corporation Limited
• Oil and Natural Gas Corporation
• Bharat Petroleum
• Reliance Petroleum Ltd.
What Are The Key Trends In The Oil And Gas Market?
• Focusing on emission reduction solutions
• Shift towards digital technologies
• Growing popularity of reservoir modeling
• Investing in oil drilling activities
• Industry alliances for advanced drilling solutions
What Are The Segments Of The Global Oil And Gas Market?
1) By Type: Oil And Gas Upstream Activities, Oil Downstream Products
2) By Drilling Type: Offshore, Onshore
3) By Application: Residential, Commercial, Industrial, Other Applications
Which Region Leads The Oil And Gas Market?
Asia-Pacific was the largest region in the oil and gas market in 2024. North America closely followed as the second-largest region. Other regions covered in the oil and gas market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/oil-and-gas-global-market-report
What Is Covered In The Oil And Gas Market Global Market Report?
- Market Size Analysis: Analyze the Oil And Gas Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Oil And Gas Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Oil And Gas Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Oil And Gas Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=1868&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oil and Gas Market: Soaring Growth on Back of Crude Oil and Natural Gas Production Expansion here
News-ID: 3838474 • Views: …
More Releases from The Business Research Company
Air Cargo And Freight Logistics Global Market Insights: Growth Drivers, Size & F …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Air Cargo And Freight Logistics Industry?
The market size for air cargo and freight logistics has seen robust expansion in the past few years. The projection is that it will rise from $225.06 billion in 2024 to $240.65 billion in 2025, demonstrating…
Future of Two-wheeler Shock Absorber Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Two-wheeler Shock Absorber Market by 2025?
The market size of the two-wheeler shock absorber has witnessed consistent growth over the recent years. It is projected to expand from $3.29 billion in 2024 to $3.39 billion in 2025, registering a compound annual growth…
Solar Powered Car Industry to Achieve $8.7 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Solar Powered Car Market Grow by 2025 in Terms of Size and Growth?
The market dimension of solar powered vehicles has undergone substantial growth in the past few years. It is projected to increase from $1.94 billion in 2024 to $2.58 billion in 2025, reflecting a compound annual growth…
Recreational Boating Market Growth to be Driven by Emerging Trends | $46.66 Bill …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Recreational Boating Industry?
The size of the recreational boating market has been on a steady rise over the past few years. This market is projected to escalate from $32.87 billion in 2024 to $34.94 billion in 2025, reflecting a compound annual growth rate…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
