The United Kingdom dominates the European natural gas extraction market, with its enterprises accounting for over half of the sector in 2023, showing a moderate growth rate of 3.62%. Other notable players like the Netherlands have shown significant stability. Romania, Hungary, and Italy maintained their positions, while Poland, France, and Croatia faced declines. Norway slightly increased its share, boosting its significance in this sector. Looking back over the last five years, the industry experienced diverse growth rates, with the UK and Norway mostly on the rise, while some Central and Eastern European countries saw stagnation or decline.
Future trends to watch include the potential reduction in enterprise numbers due to environmental regulations, shifts towards renewable energy, and fluctuating geopolitical tensions affecting the industry. With increasing emphasis on sustainable energy, the sector might observe consolidation and strategic realignment to adapt to the changing energy landscape.
Top countries in Natural Gas Extraction Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 58.43 | 2023 | +3.37% | +3.62% | View data |
| 2 | 2 Netherlands | 12.7 | 2023 | +5.26% | +12.7% | View data |
| 3 | 3 Romania | 5.72 | 2023 | 0% | 0% | View data |
| 4 | 4 Hungary | 3.81 | 2023 | 0% | 0% | View data |
| 5 | 5 Poland | 3.81 | 2023 | 0% | -12.94% | View data |
| 6 | 6 Italy | 3.81 | 2023 | 0% | 0% | View data |
| 7 | 7 Norway | 3.18 | 2023 | 0% | +4.56% | View data |
| 8 | 8 France | 1.91 | 2023 | 0% | -5.59% | View data |
| 9 | 9 Czech Republic | 1.27 | 2023 | 0% | 0% | View data |
| 10 | 10 Croatia | 1.27 | 2023 | 0% | -7.79% | View data |
