Europe Oil & Gas Infrastructure Market Analysis

Europe Oil & Gas Infrastructure Market Analysis

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The Europe oil & gas infrastructure market from oil & gas storage segment accounted for USD 3 billion revenue in 2022, due to high reliability of resources for power generation in line with retirement of coal fired substations. Increasing measures pointed toward the national security while safeguarding the region’s economy during energy emergency will stimulate the oil storage market size. Rising concerns toward energy security along with growing crude oil and natural gas trade will enhance growth opportunities. The ability to minimize the chances of fire hazards & environmental impacts and reduce product losses will positively impact the product demand. Furthermore, continuous increase in the energy outlook coupled with growing concern towards the fulfillment of emergency crude oil supply will boost the investments across the industry.
 

Oil, Gas & NGL Pipeline market will significantly grow through 2032, on account of shifting trends toward gas powered plants coupled with growing demand for ethylene, propylene, and other natural gas liquids. In addition, the integration of advanced security systems to prevent pipeline disruption is expected to make operations more secure, cost-effective, and efficient, which will further boost the industry size. Ongoing investment on the development of LNG terminals in line with growing trend toward natural gas pipeline networks will accelerate business landscape. Additionally, rapid integration of natural gas-powered infrastructure along with surging demand for natural gas across key geographies will positively influence the industry landscape.

Norway oil & gas infrastructure market will surpass USD 50 million by 2032, growing at a growth rate of over 7% by 2032. Favorable regulatory policies and fundings in line with advancements in technology solutions will accelerate the investment opportunity across the country. Surging demand for the natural gas resources in line with rising focus on exploring new sources of oil & gas including deep water fields will significantly foster the industry landscape. Increasing focus on safety and environment along with expanding storage and transportation facilities will entail the industry potential.