United Kingdom Oil And Gas Market Size

Statistics for the 2023 & 2024 United Kingdom Oil And Gas market size, created by Mordor Intelligence™ Industry Reports. United Kingdom Oil And Gas size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of United Kingdom Oil And Gas Industry

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United Kingdom Oil and Gas Market- Market Summary
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

United Kingdom Oil and Gas Market- Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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.

UK Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)