Market Size of Italy Oil And Gas Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 89.37 Thousand barrels per day |
| Market Volume (2029) | 94.55 Thousand barrels per day |
| CAGR (2024 - 2029) | 1.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Italy Oil And Gas Market Analysis
The Italy Oil And Gas Market size in terms of production volume is expected to grow from 89.37 Thousand barrels per day in 2024 to 94.55 Thousand barrels per day by 2029, at a CAGR of 1.13% during the forecast period (2024-2029).
Over the medium term, factors such as supportive government policies and developed oil and gas infrastructure are expected to drive the market during the forecasted period.
On the other hand, increasing penetration of renewable energy is likely to restrain the growth of the oil and gas market during the forecasted period.
Nevertheless, untapped offshore oil and gas prospects in the country are expected to create significant opportunities.
