India Oil And Gas Market Share, Trends, Demand, Size, Growth, Forecast 2025-2033

Oil and Gas Market in India 2025:

How Big is the India Oil and Gas Industry?

India oil and gas market size reached USD 710.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,164.4 Million by 2033, exhibiting a growth rate (CAGR) of 5.23% during 2025-2033.

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 710.5 Million

Market Size in 2033: USD 1,164.4 Million

Market Growth Rate (CAGR) 2025-2033: 5.23%

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India Oil and Gas Market Trends and Drivers:

India oil and gas market is going through dynamic transformation, motivated by India's growing energy consumption, economic growth, and increased energy security concern. Put simply, India's urbanization, industrialization, and growing transportation infrastructure are primarily propelling the demand for crude oil, natural gas, and petro-products. Additionally, the government thrust towards self-reliance in the meaning of "Atmanirbhar Bharat" and increasing domestic exploratory and production activities are propelling the upstream segment. Besides this, foreign producers' strategic alliances, new policy direction for issuing licenses, and foreign and private sector players' entry into the exploration sector are becoming popular in the investment inflow division into the nation. Other than this, expansion in natural gas infrastructure in the form of city gas distribution networks, LNG terminals, and pipeline extension to non-served areas is being driven by increasing need for cleaner fuel. Further, initiatives such as National Bio-Energy Mission and hydrogen drive as an alternate green fuel are imparting a sense of diversification into India's oil and gas policy.

Apart from that, refiners are increasing capacities and implementing new technologies to serve greater domestic and export demand, especially from South Asia and Africa. Apart from that, government-led price reforms, fuel price decontrol, and greater fuel marketing transparency are creating a more competitive and investment-friendly environment. While that's happening, growth in automotive and aeronautics industries is driving demand for ATF, diesel, and petrol, while growth in petrochemical centers is driving the downstream market. Concurrently, the adoption of digital technologies like AI, IoT, and data analytics is improving operational efficiency, predictive maintenance, and supply chain optimization for oil and gas units. In addition to that, targeted growth of petroleum reservoirs and greater storage capacity are strengthening the response capacity against global supply chain threats. Greater consumer awareness and regulatory imperatives of going green are also driving the use of cleaner and more efficient fuels. Besides that, private investment is also mounting with the entry of foreign energy multinationals, leading modernization and diversification in the value chain. Overall, policy reform complementarity, infrastructural growth, demand stimulation at the demand side, and change in technology are propelling India oil and gas market towards an integrated and future-oriented energy system.

India Oil and Gas Market Report Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India oil and gas market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

Type Insights:

• Upstream

• Midstream

• Downstream

Application Insights:

• Offshore

• Onshore

Regional Insights:

• North India

• West and Central India

• South India

• East and Northeast India

Top Players Analysis:

The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies. 

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=21497&flag=C Other Key Points Covered in the Report:

• COVID-19 Impact on the Market

• Porter's Five Forces Analysis

• Strategic Recommendations

• Market Dynamics

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

• Top Winning Strategies

• Recent Industry News

• Key Technological Trends & Development

If you need specific information that is not currently within the scope of the report, we will 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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