Press release
Global Oil And Gas Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Oil And Gas Market
How Big Is the Oil And Gas Market Size Expected to Be by 2034?
Recent years have seen a significant expansion in the size of the oil and gas market. The market is projected to increase from $7752.02 billion in 2024 to $8184.98 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. This growth trend in the historical period can be linked to a boom in crude oil and natural gas output, the expansion of the petrochemical industry, the growth of emerging markets, and increased investments in oil and gas exploration in developing nations.
In the coming years, there is a predicted consistent growth in the oil and gas market size. It is projected to reach $9894.48 billion by 2029, with a compound annual growth rate (CAGR) of 4.9%. This growth during the projected period can be ascribed to developments in resource exploration and government backing propelling the market's growth. Key trends for this period encompass focusing on reducing emissions, moving towards digital technologies, the increasing interest in reservoir modeling, the investment into oil drilling activities, and collaborations within the industry for advanced drilling solutions.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=1868
What Are the Emerging Segments Within the Oil And Gas Market?
The oil and gas market covered in this report is segmented -
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
Subsegments:
1) By Oil And Gas Upstream Activities: Exploration And Production, Drilling Services, Well Completion Services, Production Optimization Services
2) By Oil Downstream Products: Refined Petroleum Products (Gasoline, Diesel, Jet Fuel), Petrochemicals (Plastics, Chemicals), Lubricants, Fuel Oil
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=1868&type=smp
What Long-Term Drivers Are Shaping Oil And Gas Market Trends?
The forecast period for the oil and gas industry is set to see a favorable impact due to the low interest rates prevalent in several developed countries. This is exemplified by the UK which, in September 2023, brought down its interest rates to a record low of 0.1%. This rate was sustained until December 2021. Additionally, in 2021, the central banks of countries inclusive of North Macedonia, South Africa, Malaysia, Kenya, Argentina, Ukraine, Sri Lanka, and Azerbaijan, alongside Turkey, also followed suit by reducing their interest rates.
Who Are the Top Competitors in Key Oil And Gas Market Segments?
Major companies operating in the oil and gas market include 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, Eneos Holdings, China National Petroleum Corporation, Shaanxi Yanchang Petroleum, Sinochem Group, China National Offshore Oil Corporation, TotalEnergies SE, Wintershall Dea GmbH, Repsol SA, Glencore International AG, Eni SpA, Edison, Enel X, Erg, Rosneft Oil Co, Lukoil Oil Co, Surgutneftegas, Tatneft, Novatek, Irkutsk Oil Company, OMV Petrom, PKN Orlen, Lotos Group, Moravské naftové doly, ConocoPhillips, Anadarko Petroleum Corporation, Occidental Petroleum Corporation, EOG Resources, Cimarex Energy, Pioneer Natural Resources, Suncor Energy Inc, Cenovus Energy Inc, Canadian Natural Resources Limited, AltaGas Ltd, Petrobras (Petróleo Brasileiro S.A), QGEP Participações S.A., Petrogal Brasil S/A, Petronas Petróleo Brasil Ltda, EQUINOR ENERGY DO BRASIL LTDA., Emirates National Oil Company (ENOC), Dubai Petroleum., Emirates General Petroleum Corporation (Emarat), Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC), EMDAD Services LLC., Crescent Petroleum., Dana Gas., Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Co, Nigerian National Petroleum Corporation, Aiteo, Sasol Limited, Engen Petroleum Limited, African Exploration Mining and Finance Corporation, Tullow Oil, National Oil Corporation of Kenya.
What Are the Major Trends Shaping the Oil And Gas Market?
Leading firms in the oil and gas sector are turning to big data analytics and artificial intelligence (AI) to boost their decision-making prowess and consequently, increase their revenue. These companies collect a substantial amount of raw data which pertains to the functioning of refineries, pipelines, and other facilities, originating from numerous sensors across the oil rig. By making the most of big data analytics, these businesses can identify trends, enabling them to swiftly respond to unwelcome changes or prospective faults, and therefore cut costs. AI empowers these companies to make superior drilling and operational choices. Giants like ExxonMobil and Shell have been progressively investing in AI to implement a unified approach to data management and facilitate data integration across a multitude of applications. There are also other players such as Sinopec, a Chinese chemical and petroleum company, that made public its plan to build 10 smart centers to assist in lowering operation expenses by 20%.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/oil-and-gas-global-market-report
Which Regions Are Becoming Hubs for Oil And Gas Market Innovation?
Asia-Pacific was the largest region in the oil and gas market in 2024. North America was the second largest region in the oil and gas market. The regions covered in the oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oil And Gas Market?
2. What is the CAGR expected in the Oil And Gas Market?
3. What Are the Key Innovations Transforming the Oil And Gas Industry?
4. Which Region Is Leading the Oil And Gas Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
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 delivers 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 Global Oil And Gas Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities here
News-ID: 4004720 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
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 Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
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 Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
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,…
