세계의 석유 및 가스 시장 예측(-2032년) : 제품 유형별, 밸류체인별, 소스별, 운송 인프라별, 용도별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Oil & Gas Market is accounted for $8550.75 billion in 2025 and is expected to reach $13911.31 billion by 2032 growing at a CAGR of 7.2% during the forecast period. The oil and gas sector is fundamental to the global economy, supplying energy for vehicles, industries, and homes. It involves the exploration, drilling, processing, and delivery of crude oil and natural gas. Innovations have improved operational efficiency and safety, while environmental pressures encourage the adoption of greener practices. Market dynamics and geopolitical events strongly impact production and pricing. The industry also provides substantial jobs and government income across countries. Even with issues such as volatile prices and stricter environmental regulations, oil and gas continue to be essential in fulfilling the rising global demand for energy.

According to the International Energy Agency (IEA, World Energy Outlook 2023), Data shows that oil and gas together accounted for over 50% of global energy supply in 2022, with oil demand reaching ~100 million barrels per day, underscoring their continued dominance despite renewable growth.

Market Dynamics:

Driver:

Rising global energy demand

The oil and gas market is largely propelled by the growing worldwide need for energy. Expanding populations, rapid urbanization, and industrial growth lead to a consistent rise in consumption of petroleum and natural gas. Sectors like transportation, manufacturing, and electricity generation heavily depend on these fuels. Developing nations, in particular, drive energy usage through large-scale infrastructure projects. Modern lifestyles and technological proliferation further boost consumption patterns. As a result, the industry experiences steady growth, encouraging investment in exploration, production, and supply chains to fulfill the increasing energy demands of both developed and emerging markets.

Restraint:

High operational and exploration costs

Significant operational and exploration expenses restrict the growth of the oil and gas market. Extracting resources from offshore, deepwater, or unconventional sources requires advanced technologies and specialized machinery, resulting in high capital investments. Ongoing costs, including workforce, transport, maintenance, and safety measures, further elevate expenditures. These financial demands reduce profit margins and may delay or cancel projects, especially when oil prices decline. Smaller firms often struggle to sustain operations under these pressures. Overall, elevated costs constrain market expansion, limit new investments, and pose continuous challenges for companies seeking sustainable and profitable growth within the oil and gas sector.

Opportunity:

Shift towards cleaner energy and sustainability

The global emphasis on sustainability and clean energy provides significant prospects for the oil and gas sector. Firms can explore investments in hydrogen, biofuels, low-carbon energy, and carbon capture technologies. This strategy allows companies to stay competitive in a market that increasingly favors environmentally responsible practices. Adopting sustainable solutions improves corporate image, appeals to eco-conscious investors, and ensures regulatory compliance. Combining renewable energy initiatives with traditional operations creates additional revenue channels and enhances long-term resilience. By embracing the transition toward greener energy, oil and gas companies can strengthen their market position, drive innovation, and ensure sustainable growth in an evolving global energy landscape.

Threat:

Competition from renewable energy sources

Renewable energy growth poses a significant threat to the oil and gas sector. Solar, wind, and hydro technologies are increasingly affordable and widely implemented, lowering dependence on fossil fuels. Policy support, subsidies, and incentives further encourage adoption of clean energy, potentially reducing market share for traditional oil and gas companies. The shift toward low-carbon solutions forces conventional energy businesses to innovate or risk losing relevance. Investor and consumer preference for sustainable energy intensifies competition. This trend threatens future demand and profitability, compelling companies to diversify energy offerings, adopt cleaner technologies, and revise long-term strategies to remain competitive in an evolving energy landscape.

Covid-19 Impact:

The global outbreak of COVID-19 had a profound impact on the oil and gas industry, sharply reducing energy demand worldwide. Lockdowns, restricted mobility, and slowing economic activity led to a significant decline in industrial and transportation fuel consumption, triggering a steep drop in oil prices. Supply chain interruptions, delayed projects, and operational difficulties further challenged the sector. Companies experienced revenue losses, workforce downsizing, and postponed investments in exploration and production. Market uncertainty heightened volatility and lowered investor confidence. The pandemic underscored the industry's susceptibility to global disruptions and reinforced the importance of adaptability, cost efficiency, and diversification into cleaner, sustainable energy sources.

The crude oil segment is expected to be the largest during the forecast period

The crude oil segment is expected to account for the largest market share during the forecast period, providing energy for transportation, industry, and electricity generation. It is the main raw material for producing refined petroleum products and petrochemicals, underpinning the energy sector. Its high demand, broad applicability, and central role in energy supply chains maintain its dominant market position. Even with price volatility and the shift toward renewables, crude oil remains vital for fulfilling global energy requirements. Continuous production, refining, and distribution efforts, along with technological innovations, reinforce its significance and attract major investments, making it the most influential segment in the oil and gas market.

The unconventional segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the unconventional segment is predicted to witness the highest growth rate, driven by surging energy demand and declining conventional reserves. It encompasses resources like shale gas and tight oil, which rely on sophisticated extraction methods such as fracking and horizontal drilling. Increased exploration and production investments, especially in North America and emerging economies, are fueling this rapid expansion. Technological innovations, supportive government policies, and elevated energy prices further contribute to growth. Unconventional resources offer opportunities to meet rising energy requirements, diversify supply, and improve energy security, positioning this segment as the fastest-growing and most dynamic area within the oil and gas market.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share. This leadership is driven by the swift industrial growth, urban expansion, and escalating energy requirements in nations like China, India, and Japan. The region's substantial investments in exploration, production, refining, and distribution sectors have further reinforced its market position. Moreover, the increasing transition towards cleaner energy alternatives, including natural gas and LNG, has bolstered Asia-Pacific's pivotal role in the worldwide energy sector.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, fueled by breakthroughs in extracting unconventional resources like shale oil and gas. The United States is at the forefront, with rising production and export capabilities, notably in LNG. Advancements in extraction technologies, including hydraulic fracturing and horizontal drilling, have improved efficiency. Moreover, favorable policies and increased infrastructure investments are supporting sectoral growth. This swift expansion underscores North America's crucial role in the global energy sector, enhancing regional energy security and economic prosperity.

Key players in the market

Some of the key players in Oil & Gas Market include Indian Oil Corporation Limited (IOCL), Oil and Natural Gas Corporation (ONGC), Reliance Industries Limited (RIL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), GAIL Limited, Cairn Oil & Gas Inc, Nayara Energy Inc, Oil India Limited, Petronet LNG Limited, Mangalore Refinery and Petrochemicals Limited (MRPL), Chennai Petroleum Corporation Limited (CPCL), Gujarat State Petroleum Corporation (GSPC), Essar Oil and Gas Exploration and Production Inc and Adani Total Gas Limited.

Key Developments:

In August 2025, Reliance Industries Limited (RIL) announced the formation of a joint venture with Meta to build and scale enterprise artificial intelligence (AI) solutions for businesses in India and select international markets. As part of the agreement, RIL and Meta have committed a joint initial investment of approximately ₹855 crore, with Reliance holding a 70% stake and Meta holding 30%.

In April 2025, Indian Oil Corp has signed a five-year import deal with trader Trafigura to buy 2.5 million metric tons of liquefied natural gas (LNG) in a $1.3-$1.4 billion deal. Supplies under the deal would begin from the second half of this year, he said, adding that the price of the LNG is linked to the U.S. Henry Hub benchmark.

In February 2025, Oil and Natural Gas Corporation Limited (ONGC) and bp have signed a contract under which bp will serve as the Technical Services Provider (TSP) for the Mumbai High field, India's largest and most prolific offshore oil field. ONGC will retain ownership and operational control of the field. Under the terms of the contract, bp will receive a fixed fee for a period of two years for its deployed personnel, followed by a service fee linked to incremental oil and gas production.

Product Types Covered:

• Crude Oil
• Natural Gas
• Liquefied Petroleum Gas (LPG)
• Refined Petroleum Products
• Transitional Fuels

Value Chains Covered:

• Upstream (Exploration & Production)
• Midstream (Transportation & Storage)
• Downstream (Refining & Marketing)

Sources Covered:

• Conventional
• Unconventional
• Coal Bed Methane (CBM)
• Offshore Assets
• Onshore Assets

Transport Infrastructures Covered:

• Crude & Product Pipelines
• LNG Terminals
• Rail & Road Tankers
• Bottled LPG Distribution

Applications Covered:

• Power & Energy Generation
• Industrial Feedstock & Process Heat
• Mobility & Transport Fuels
• Domestic Heating & Cooking

End Users Covered:

• Utility Providers & Power Plants
• Transport Operators
• Industrial Manufacturers
• Residential & Commercial Buildings
• Agricultural Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Oil & Gas Market, By Product Type

• 5.1 Introduction
• 5.2 Crude Oil
• 5.3 Natural Gas
• 5.4 Liquefied Petroleum Gas (LPG)
• 5.5 Refined Petroleum Products
• 5.6 Transitional Fuels

6 Global Oil & Gas Market, By Value Chain

• 6.1 Introduction
• 6.2 Upstream (Exploration & Production)
• 6.3 Midstream (Transportation & Storage)
• 6.4 Downstream (Refining & Marketing)

7 Global Oil & Gas Market, By Source

• 7.1 Introduction
• 7.2 Conventional
• 7.3 Unconventional
• 7.4 Coal Bed Methane (CBM)
• 7.5 Offshore Assets
• 7.6 Onshore Assets

8 Global Oil & Gas Market, By Transport Infrastructure

• 8.1 Introduction
• 8.2 Crude & Product Pipelines
• 8.3 LNG Terminals
• 8.4 Rail & Road Tankers
• 8.5 Bottled LPG Distribution

9 Global Oil & Gas Market, By Application

• 9.1 Introduction
• 9.2 Power & Energy Generation
• 9.3 Industrial Feedstock & Process Heat
• 9.4 Mobility & Transport Fuels
• 9.5 Domestic Heating & Cooking

10 Global Oil & Gas Market, By End User

• 10.1 Introduction
• 10.2 Utility Providers & Power Plants
• 10.3 Transport Operators
• 10.4 Industrial Manufacturers
• 10.5 Residential & Commercial Buildings
• 10.6 Agricultural Users

11 Global Oil & Gas Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Indian Oil Corporation Limited (IOCL)
• 13.2 Oil and Natural Gas Corporation (ONGC)
• 13.3 Reliance Industries Limited (RIL)
• 13.4 Bharat Petroleum Corporation Limited (BPCL)
• 13.5 Hindustan Petroleum Corporation Limited (HPCL)
• 13.6 GAIL Limited
• 13.7 Cairn Oil & Gas Inc
• 13.8 Nayara Energy Inc
• 13.9 Oil India Limited
• 13.10 Petronet LNG Limited
• 13.11 Mangalore Refinery and Petrochemicals Limited (MRPL)
• 13.12 Chennai Petroleum Corporation Limited (CPCL)
• 13.13 Gujarat State Petroleum Corporation (GSPC)
• 13.14 Essar Oil and Gas Exploration and Production Inc
• 13.15 Adani Total Gas Limited