Summary
Oil & Gas in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). 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 & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Indian oil & gas market recorded revenues of $336.9 billion in 2024, representing a compound annual growth rate (CAGR) of 4.3% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 1.7% between 2019 and 2024, reaching a total of 2,434.5 million BoE in 2024.
- The Indian oil & gas market consumption volume grew by 1.9% in 2024, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to GlobalData, in 2024, the Nominal Gross Value Added (GVA) in India's industry reached $971.7 billion, reflecting an 8.6% increase from the previous year, driven by higher production requirements.
Scope
- 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
Reasons to Buy
- What was the size of the India oil & gas market by value in 2024?
- What will be the size of the India oil & gas market in 2029?
- 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 competitors in India's oil & gas market?
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Table of Contents
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 players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Reliance Industries Ltd
8.2. Indian Oil Corp Ltd
8.3. Bharat Petroleum Corp Ltd
8.4. Hindustan Petroleum Corp Ltd
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, 2019-24
Table 2: India oil & gas market volume: million BoE, 2019-24
Table 3: India oil & gas market category segmentation: % share, by value, 2019-24
Table 4: India oil & gas market category segmentation: $ million, 2019-24
Table 5: India oil & gas market geography segmentation: $ million, 2024
Table 6: India oil & gas market value forecast: $ million, 2024-29
Table 7: India oil & gas market volume forecast: million BoE, 2024-29
Table 8: Reliance Industries Ltd: Key Facts
Table 9: Reliance Industries Ltd: Annual Financial Ratios
Table 10: Reliance Industries Ltd: Key Employees
Table 11: Indian Oil Corp Ltd: Key Facts
Table 12: Indian Oil Corp Ltd: Annual Financial Ratios
Table 13: Indian Oil Corp Ltd: Key Employees
Table 14: Indian Oil Corp Ltd: Key Employees Continued
Table 15: Indian Oil Corp Ltd: Key Employees Continued
Table 16: Indian Oil Corp Ltd: Key Employees Continued
Table 17: Bharat Petroleum Corp Ltd: Key Facts
Table 18: Bharat Petroleum Corp Ltd: Annual Financial Ratios
Table 19: Bharat Petroleum Corp Ltd: Key Employees
Table 20: Bharat Petroleum Corp Ltd: Key Employees Continued
Table 21: Bharat Petroleum Corp Ltd: Key Employees Continued
Table 22: Bharat Petroleum Corp Ltd: Key Employees Continued
Table 23: Hindustan Petroleum Corp Ltd: Key Facts
Table 24: Hindustan Petroleum Corp Ltd: Annual Financial Ratios
Table 25: Hindustan Petroleum Corp Ltd: Key Employees
Table 26: Hindustan Petroleum Corp Ltd: Key Employees Continued
Table 27: Hindustan Petroleum Corp Ltd: Key Employees Continued
Table 28: Hindustan Petroleum Corp Ltd: Key Employees Continued
Table 29: India Size of Population (Million), 2020-24
Table 30: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 31: India GDP (Current Prices, $ Billion), 2020-24
Table 32: India Inflation, 2020-24
Table 33: India Consumer Price Index (Absolute), 2020-24
Table 34: India Exchange Rate, 2019-24
List of Figures
Figure 1: India oil & gas market value: $ million, 2019-24
Figure 2: India oil & gas market volume: million BoE, 2019-24
Figure 3: India oil & gas market category segmentation: $ million, 2019-24
Figure 4: India oil & gas market geography segmentation: % share, by value, 2024
Figure 5: India oil & gas market value forecast: $ million, 2024-29
Figure 6: India oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in India, 2024
Figure 8: Drivers of buyer power in the oil & gas market in India, 2024
Figure 9: Drivers of supplier power in the oil & gas market in India, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in India, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in India, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in India, 2024
