What years does this Asia Pacific Oil and Gas CAPEX Market cover?

The report covers the Asia Pacific Oil and Gas CAPEX Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Oil and Gas CAPEX Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asia Pacific Oil and Gas CAPEX Market Size

Market Size of Asia Pacific Oil and Gas CAPEX Industry

Study Period	2020 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2020 - 2022
CAGR	> 3.00 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

APAC Oil and Gas CAPEX Market Analysis

The Asia Pacific oil and gas CAPEX market is expected to grow at a CAGR of more than 3% in the forecast period of 2022-2027. During the pandemic restriction, a sharp decline in transport and industrial activity severely impacted the oil & gas demand. This decreased demand for oil & gas in the worldwide market, coupled with geopolitical factors in oil-producing countries, resulted in a significant drop in oil and gas prices. Factors such as an increase in demand for oil & gas in power, transportation, and industrial application due to rapid industrialization and urbanization are anticipated to drive the investment in the oil & gas industry in the region. However, volatile crude oil and gas prices, slow economic growth, and unstable geopolitical conditions are expected to restrain the Asia Pacific oil and gas CAPEX during the forecast period.

The upstream sector is expected to grow with a higher growth rate during the forecast period. An increased focus on oil & gas discoveries in the region is expected to drive the segment in the near future.
The countries such as India, Indonesia, Singapore, and Malaysia are fast-growing economies in the Aisa Pacific region. Thus, the demand for oil & gas products for transportation and power generation is expected to rise. According to the IEA, the oil demand in the Asia Pacific was around 30.8 mb/d and is expected to rise to 38.5 mb/d by 2030, which presents a tremendous opportunity for the oil & gas CAPEX market.
China is one of the leading countries to invest more in the oil & gas industry. This can be ascribed to increased investment by the national oil companies in the country.

APAC Oil and Gas CAPEX Industry Segmentation

The Scope of the Asia-Pacific Oil & Gas CAPEX Market includes:-

Sector
		Upstream
		Midstream
		Downstream

Location
		Onshore
		Offshore

Geography
		China
		India
		Indonesia
		Australia
		Rest of Asia Pacific

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Asia Pacific Oil and Gas CAPEX Market Size Summary

The Asia Pacific oil and gas CAPEX market is poised for growth, driven by increasing demand in power, transportation, and industrial sectors due to rapid industrialization and urbanization. Despite challenges such as volatile crude oil prices, slow economic growth, and geopolitical instability, the region's market is expected to expand. The upstream sector is anticipated to experience significant growth, fueled by a heightened focus on oil and gas discoveries. Countries like India, Indonesia, Singapore, and Malaysia are emerging as fast-growing economies, contributing to the rising demand for oil and gas products. China's substantial investments by national oil companies further bolster the market, positioning the country as a leader in the region's oil and gas industry.

The demand for oil and gas in the Asia Pacific is projected to increase significantly, with China and India playing pivotal roles in this growth. The region's consumption of natural gas and oil products underscores its status as a major global consumer. To meet this demand, oil and gas companies are making substantial investments, supported by favorable government policies such as foreign direct investment reforms in India. China's strategic initiatives, including joint ventures and policy reforms, aim to enhance its oil and gas sector's capacity. The market is moderately fragmented, with key players like BP, Exxon Mobil, Shell, Pacific Oil & Gas, and Chevron actively participating in the region's development.

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Asia Pacific Oil and Gas CAPEX Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Oil and Gas Industry CAPEX in USD billion, till 2027
3. 1.3 Crude Oil Production and Consumption Forecast, till 2027
4. 1.4 Natural Gas Production and Consumption Forecast, till 2027
5. 1.5 Installed Pipeline Historic Capacity and Forecast in Kilometers, till 2027
6. 1.6 Recent Trends and Developments
7. 1.7 Government Policies and Regulations
8. 1.8 Market Dynamics
  1. 1.8.1 Drivers
  2. 1.8.2 Restraints
9. 1.9 Supply Chain Analysis
10. 1.10 Porter's Five Forces Analysis
  1. 1.10.1 Bargaining Power of Suppliers
  2. 1.10.2 Bargaining Power of Consumers
  3. 1.10.3 Threat of New Entrants
  4. 1.10.4 Threat of Substitute Products and Services
  5. 1.10.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Sector
  1. 2.1.1 Upstream
  2. 2.1.2 Midstream
  3. 2.1.3 Downstream
2. 2.2 Location
  1. 2.2.1 Onshore
  2. 2.2.2 Offshore
3. 2.3 Geography
  1. 2.3.1 China
  2. 2.3.2 India
  3. 2.3.3 Indonesia
  4. 2.3.4 Australia
  5. 2.3.5 Rest of Asia Pacific

Asia Pacific Oil and Gas CAPEX Market Size FAQs

What is the current Asia Pacific Oil and Gas CAPEX Market size?

The Asia Pacific Oil and Gas CAPEX Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Who are the key players in Asia Pacific Oil and Gas CAPEX Market?

Exxon Mobil Corporation., Shell plc, Pacific Oil & Gas Ltd, Chevron Corporation and BP plc are the major companies operating in the Asia Pacific Oil and Gas CAPEX Market.