Market Size of Europe Natural Gas Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Natural Gas Market Analysis
The Europe natural gas market is expected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the medium term, the growing demand for LNG is expected to stimulate the market growth of Europe's natural gas market. Furthermore, increasing investments are expected to drive the market's growth.
- On the other hand, Europe's focus on alternative energy sources is expected to hamper the growth of the Europe natural gas market during the forecast period.
- Nevertheless, increasing demand for LNG in the region leads to the integration of intelligent technologies in the existing LNG infrastructure are likely to create lucrative growth opportunities for the Europe natural gas market in the forecast period.
- Norway dominates the market, and it would likely witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments and supportive government policies in the country to increase natural gas production.
