Europe Oil & Gas Infrastructure Market Size & Share 2025 to 2034
Market Size by Category Analysis,Growth Forecast.
Report ID: GMI5818
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Published Date: December 2024
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Report Format: PDF
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Authors:
Ankit Gupta, Vinayak Shukla
Europe Oil & Gas Infrastructure Market Size
The Europe oil & gas infrastructure market size was anticipated at USD 115.5 billion in 2024 and is expected to witness a CAGR of 6.1% through 2034. Businesses are investing considerable resources in carbon capture, utilization, and storage technologies (CCUS), as well as hydrogen technologies. These investments go hand in hand with the growth in energy needs and emissions reduction. This is in step with broader decarbonization objectives within Europe as the continent endeavors to reach net-zero ambitions. Mergers and acquisitions in the Europe oil and gas sector are on the rise. There is an emphasis on investment portfolios that are compatible with both established and new energy markets.
Europe Oil & Gas Infrastructure Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Europe is now depending on natural gas as a transition fuel since the invasion of Ukraine, which has strained the energy supply in Europe after the onset of the war. This has resulted in an increase in demand for gas pipelines, LNG storage, and terminals. Companies are utilizing sophisticated technologies such as AI and real-time data analytics to enhance business processes, which helps to reduce costs as well as improve efficiency with exploration, production, and maintenance.
Europe Oil & Gas Infrastructure Market Trends
Other than the focus on the reserve base, there is a lot of attention directed towards the growing investment for decarbonization as part of European Union’s net-zero emissions target, such as carbon capture, utilization and storage (CCUS), and hydrogen. This trend is likely to pick up speed, aided by government policies such as environmental compliance, carbon pricing, and its ripple effects in other regions like the UK and France. Other companies are looking into green hydrogen as a possible low carbon energy source for storing or as a medium for moving energy.
Europe Oil & Gas Infrastructure Market Analysis
The surface and lease equipment segment is expected to experience brisk growth with a projected compound annual growth rate (CAGR) of more than 5.4% up to 2034, due to the demand for energy supply security after the Ukraine-Russia war, which restructured investment and development priorities. Furthermore, the decarbonization and energy transition technologies are strengthening the need for more sustainable equipment. This also lowers costs and increases production uptime, alongside advancements in automation, digitalization, and other efficiency driven technologies – which, in turn, increases operational effectiveness.
The UK oil & gas infrastructure market is anticipated to reach USD 20.9 billion by 2034. Over the UK’s oil and gas infrastructure market is undergoing substantial changes as a result of the combination of energy transition, innovation, and new regulations. In the offshore and onshore upstream industry, new and old platforms installation, maintenance, and production face stricter supply and demand humanitarian market challenges, aging tools decommissioning, and emission regulations.
Even though the focus of the midstream sector which includes pipelines and storage is on traditional fuels, much-needed changes are underway to adapt to the new climate norms and accommodate new sources of green energy. Significant demand in the downstream sector particularly in the transport and industrial energy. Advanced technologies are being adopted by companies like BP, Shell and TotalEnergies, which are essential for sustaining a competitive edge and climate goals.
Europe Oil & Gas Infrastructure Market Share
Baker Hughes Company is one of the major player within the Europe oil and gas infrastructure industry. Among the many offerings and activities that Baker Hughes provides, the company is engaged in exploration, production, energy management which enables operators to improve effectiveness and responsible practices in all their activities.
Europe Oil & Gas Infrastructure Market Companies
Some of the key players operating across the Europe oil & gas infrastructure industry are:
Europe Oil & Gas Infrastructure Industry News
The Europe oil & gas infrastructure market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2021 to 2034, for the following segments:
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Market, By Category
The above information has been provided for the following countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →