India Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027
Summary
Oil & Gas in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The Indian oil & gas market had total revenues of $416.4 billion in 2022, representing a compound annual growth rate (CAGR) of 21.1% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 10% between 2017 and 2022, reaching a total of 2.3 billion BoE in 2022.
- The Indian oil & gas market is driven by several macroeconomic factors, such as rising GDP coupled with increasing industrialization and rising inflation. For instance, the real GDP annual growth rate of India in 2022 stood at 6.9%, according to in-house research.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in India
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India oil & gas market with five year forecasts by both value and volume
- What was the size of the India oil & gas market by value in 2022?
- What will be the size of the India oil & gas market in 2027?
- What factors are affecting the strength of competition in the India oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitiors in India's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading player?
- 7.4. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. Reliance Industries Limited
- 8.2. Indian Oil Corporation Limited
- 8.3. Bharat Petroleum Corporation Limited
- 8.4. Hindustan Petroleum Corporation Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: India oil & gas market value: $ million, 2017-22
- Table 2: India oil & gas market volume: million BoE, 2017-22
- Table 3: India oil & gas market category segmentation: % share, by value, 2017-2022
- Table 4: India oil & gas market category segmentation: $ million, 2017-2022
- Table 5: India oil & gas market geography segmentation: $ million, 2022
- Table 6: India oil & gas market value forecast: $ million, 2022-27
- Table 7: India oil & gas market volume forecast: million BoE, 2022-27
- Table 8: Reliance Industries Limited: key facts
- Table 9: Reliance Industries Limited: Annual Financial Ratios
- Table 10: Reliance Industries Limited: Key Employees
- Table 11: Indian Oil Corporation Limited: key facts
- Table 12: Indian Oil Corporation Limited: Annual Financial Ratios
- Table 13: Indian Oil Corporation Limited: Key Employees
- Table 14: Indian Oil Corporation Limited: Key Employees Continued
- Table 15: Indian Oil Corporation Limited: Key Employees Continued
- Table 16: Indian Oil Corporation Limited: Key Employees Continued
- Table 17: Bharat Petroleum Corporation Limited: key facts
- Table 18: Bharat Petroleum Corporation Limited: Annual Financial Ratios
- Table 19: Bharat Petroleum Corporation Limited: Key Employees
- Table 20: Hindustan Petroleum Corporation Limited: key facts
- Table 21: Hindustan Petroleum Corporation Limited: Annual Financial Ratios
- Table 22: Hindustan Petroleum Corporation Limited: Key Employees
- Table 23: Hindustan Petroleum Corporation Limited: Key Employees Continued
- Table 24: India size of population (million), 2018-22
- Table 25: India gdp (constant 2005 prices, $ billion), 2018-22
- Table 26: India gdp (current prices, $ billion), 2018-22
- Table 27: India inflation, 2018-22
- Table 28: India consumer price index (absolute), 2018-22
- Table 29: India exchange rate, 2018-22
- List of Figures
- Figure 1: India oil & gas market value: $ million, 2017-22
- Figure 2: India oil & gas market volume: million BoE, 2017-22
- Figure 3: India oil & gas market category segmentation: $ million, 2017-2022
- Figure 4: India oil & gas market geography segmentation: % share, by value, 2022
- Figure 5: India oil & gas market value forecast: $ million, 2022-27
- Figure 6: India oil & gas market volume forecast: million BoE, 2022-27
- Figure 7: Forces driving competition in the oil & gas market in India, 2022
- Figure 8: Drivers of buyer power in the oil & gas market in India, 2022
- Figure 9: Drivers of supplier power in the oil & gas market in India, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in India, 2022
- Figure 11: Factors influencing the threat of substitutes in the oil & gas market in India, 2022
- Figure 12: Drivers of degree of rivalry in the oil & gas market in India, 2022
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