Market Size of United Kingdom Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 1.03 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Oil & Gas Midstream Market Analysis
The United Kingdom oil and gas midstream market is expected to grow at a CAGR of less than 1.03% during the forecast period of 2020 - 2025. Factors such as increasing demand for natural gas and oil and increasing production of oil in the country are expected to boost the demand for the United Kingdom oil and gas midstream market during the forecast period. However, the increase in renewable energy has offset investors from making large investments into the oil and gas midstream industry.
- The transportation industry prospects in the United Kingdom seem quite optimistic because of the increase in the production levels of the oil in the country in the 2015 - 2018 period and an increase in imports through the pipelines from countries like Norway.
- Significant discoveries have been made, in 2019, West of Shetland, in the United Kingdom. In the exclusive economic zone (EEZ) of the United Kingdom. New pipelines may be used to connect the region to the mainland of the United Kingdom and act as an opportunity for the midstream companies in the region.
- Increasing production of oil in the United Kingdom is expected to increase the growth in the the United Kingdom oil and gas midstream market and act as a driver for the market.
