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 grows through high investments, ADNOC’s 2030 strategy, sustainability focus, and technological innovation. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 6.30% from 2024 to 2032.
UAE Oil and Gas Market Trends and Drivers:
- High Investments in Upstream and Downstream Sectors
- Key drivers of market growth.
- Focus on increasing oil production capacity.
- Expansion of natural gas operations to meet rising domestic and international demand.
- ADNOC’s 2030 Strategy
- Aim to raise crude oil output to five million barrels per day.
- Emphasis on cost reduction and efficiency.
- Efforts to achieve gas self-sufficiency.
- Development of unconventional gas reserves and construction of gas processing facilities.
- Ensuring Long-term Energy Security
- Strategies to secure UAE’s long-term energy needs.
- Reinforcement of global leadership in the energy sector.
- Focus on Sustainability and Technological Innovation
- Integration of renewable energy into oil and gas operations.
- Investments in carbon capture and storage (CCS) technologies.
- Reduction of flaring to lower emissions.
- Adoption of Digital Technologies
- Use of artificial intelligence, data analytics, and automation.
- Enhancement of operational efficiency.
- Cost reduction and safety improvement across the oil and gas value chain.
- Alignment with Broader Goals
- Transitioning to a more sustainable economy.
- Maintaining the UAE’s position as a leading global energy player.
- Expected continued market growth in the coming years.
Download sample copy of the Report: https://www.imarcgroup.com/uae-oil-gas-market/requestsample
UAE Oil and Gas Industry Segmentation:
The report has segmented the market into the following categories:
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.
About Us:
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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