Market Size of United Kingdom Oil And Gas Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 319.52 Billion |
| Market Size (2029) | USD 341.66 Billion |
| CAGR (2024 - 2029) | 1.35 % |
| Market Concentration | Low |
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?
UK Oil & Gas Market Analysis
The United Kingdom Oil And Gas Market size is estimated at USD 319.52 billion in 2024, and is expected to reach USD 341.66 billion by 2029, growing at a CAGR of 1.35% during the forecast period (2024-2029).
- Over the medium term, the country's increasing oil and gas production and increasing investments in oil and gas infrastructure developments are expected to drive the market studied during the forecast period.
- On the other hand, the growth of renewable energy technologies and volatility in oil and gas prices due to recent geopolitical developments are expected to restrain the growth of the market studied during the forecast period.
- Nevertheless, the discovery of new oil and gas fields across the country is expected to create significant opportunities in the market studied during the forecast period.
