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Europe Oil & Gas Infrastructure Market Trends

Report ID: GMI5818
Published Date: Dec 2024
Report Format: PDF

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Europe Oil & Gas Infrastructure Market Trends

Europe Oil & Gas Infrastructure Market Size, 2022-2034 (USD Billion)

A central focus in Europe’s oil and gas infrastructure market is the growing investment in decarbonization technologies, such as carbon capture, utilization, and storage (CCUS) and hydrogen. As the European Union strives to meet its net-zero emissions targets, oil and gas companies are turning to these technologies to continue production while reducing their carbon footprint. This trend is expected to accelerate as governments, especially in the UK and France, set stricter environmental regulations and carbon pricing policies. Many companies are also exploring green hydrogen, which is seen as a potential low-carbon solution for energy storage and transportation.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The European market for oil & gas infrastructure was reached USD 115.5 billion in 2024 and is expected to grow at a 6.1% CAGR from 2025 to 2034, driven by investments in carbon capture, utilization, and storage (CCUS) and hydrogen technologies.

The surface and lease equipment segment is projected to witness a growth rate exceeding 5.4% through 2034, led by increased investment in exploration and production due to geopolitical shifts and the push for decarbonization.

The UK oil & gas infrastructure market is projected to surpass USD 20.9 billion by 2034, proplled by innovation, regulatory shifts, and the ongoing energy transition.

Key players in the Europe oil & gas infrastructure market include BP p.l.c., Baker Hughes Company, Centrica plc, Chevron Corporation, ConocoPhillips Company, Exxon Mobil Corporation, Halliburton, Hatch Ltd., Royal Vopak, Shell, SLB, and TotalEnergies.