Oil and Gas Market - UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 6.30% (2024-2032)
The UAE oil and gas market is vital, driven by substantial reserves, advanced infrastructure, and strategic investments in technology. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.30% from 2024 to 2032.
Download sample copy of the Report: https://www.imarcgroup.com/uae-oil-gas-market/requestsample
UAE Oil and Gas Market Trends and Drivers:
- Strategic focus on production: The UAE is expanding oil production capacity and diversifying its energy portfolio.
- Upstream enhancement: Significant investments in advanced exploration and production technologies are boosting upstream operations.
- Key initiatives: Abu Dhabi National Oil Company’s plan to raise oil production to five million barrels per day by 2030 is a major growth driver.
- Natural gas production: Prioritizing natural gas to meet domestic demand and reduce reliance on imports.
- Sustainability and energy transition: Increased investments in cleaner energy, including hydrogen, and carbon capture, utilization, and storage (CCUS) technologies.
- Collaborations: Growing partnerships with international oil companies (IOCs) and technology providers to enhance exploration and refining efficiency.
- Downstream infrastructure expansion: Refining and petrochemical facility growth aligns with the UAE’s goal of becoming a global petrochemical hub.
- Balancing oil and renewables: Efforts to balance oil production with renewable energy initiatives are driving market growth.
UAE Oil and Gas Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE oil and gas market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Type Insights:
- Upstream
- Midstream
- Downstream
Application Insights:
- Offshore
- Onshore
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
Request for customization: https://www.imarcgroup.com/request?type=report&id=24521&flag=C
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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