United States Natural Gas Imports: Average Price: LNG: Oman data was reported at 0.000 USD/1000 Cub ft in Jun 2013. This stayed constant from the previous number of 0.000 USD/1000 Cub ft for May 2013. United States Natural Gas Imports: Average Price: LNG: Oman data is updated monthly, averaging 0.000 USD/1000 Cub ft from Feb 2001 (Median) to Jun 2013, with 29 observations. The data reached an all-time high of 8.700 USD/1000 Cub ft in Feb 2001 and a record low of 0.000 USD/1000 Cub ft in Jun 2013. United States Natural Gas Imports: Average Price: LNG: Oman data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P007: Natural Gas Price.

Oman: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 5.67 percent, an increase from 3.89 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Oman from 1970 to 2021 is 1.6 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 5.67 percent was recorded in 2021.

Oman GDP: at Basic Prices: Petroleum Activities: Natural Gas data was reported at 1,362.100 OMR mn in 2017. This records an increase from the previous number of 1,232.936 OMR mn for 2016. Oman GDP: at Basic Prices: Petroleum Activities: Natural Gas data is updated yearly, averaging 228.320 OMR mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1,362.100 OMR mn in 2017 and a record low of 46.840 OMR mn in 1995. Oman GDP: at Basic Prices: Petroleum Activities: Natural Gas data remains active status in CEIC and is reported by National Center for Statistics and Information. The data is categorized under Global Database’s Oman – Table OM.A006: GDP: by Industry: Current Price: Annual.

The Oman Oil and Gas market size was valued at USD 4.36 million in 2025 and is expected to grow at a CAGR of 2.40% during the forecast period 2025-2033. Oman is the largest producer of oil and gas in the Middle East outside the Gulf Cooperation Council (GCC), with significant reserves of both commodities. The country's oil production has been steadily increasing in recent years, reaching a record high of 1.02 million barrels per day in 2022. Oman's natural gas production has also been growing, with the country currently producing around 10 billion cubic meters of gas per year. Key drivers of growth in the Oman Oil and Gas market include rising energy demand, increasing investment in exploration and production, and the development of new oil and gas fields. The government of Oman is also taking steps to diversify the country's economy away from oil and gas, which should create new opportunities for growth in the sector. Restraints on the growth of the Oman Oil and Gas market include the volatility of oil prices, the impact of climate change, and the emergence of renewable energy sources. Recent developments include: April 2023: Masirah Oil, a subsidiary of Singapore-headquartered independent Rex International, announced to explore its flagship asset offshore Oman, with its sights set on a production boost from the block 50 purchases. In addition, a block-wide review of exploration potential would be performed. Based on the results of an exploration review at Block 50, planning for acquiring additional targeted seismic would be implemented., March 2023: The Omani Ministry of Energy & Minerals offered domestic and international investors three oil and gas exploration areas as part of its latest licensing round. The tracts offered blocks 15, 36, and 54, where multiple companies have conducted seismic and drilling activities., January 2023: Shell Integrated Gas Oman BV, a subsidiary of Shell PLC, announced the beginning of gas production from the Mabrouk North Eastfield in Block 10 in Oman. Production from Block 10 is expected to touch 0.5 billion standard cubic feet of gas per day (bscf/d) by mid-2024, with the produced gas supplied to Oman's gas network that feeds local industries.. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Notable trends are: Upstream Sector to Dominate the Market.

Gasoline Prices in Oman remained unchanged at 0.61 USD/Liter in July. This dataset provides - Oman Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oman Natural Gas Uses: Government Gas System: Power Generations data was reported at 291,557.700 Cub ft mn in 2017. This records an increase from the previous number of 282,907.800 Cub ft mn for 2016. Oman Natural Gas Uses: Government Gas System: Power Generations data is updated yearly, averaging 93,664.000 Cub ft mn from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 294,542.000 Cub ft mn in 2015 and a record low of 13,607.900 Cub ft mn in 1980. Oman Natural Gas Uses: Government Gas System: Power Generations data remains active status in CEIC and is reported by Ministry of Oil and Gas . The data is categorized under Global Database’s Oman – Table OM.RB006: Natural Gas Production and Uses: Annual. Power Generations include gas consumption in power plants, industrial estates, Oman Mining Company and Sultan Qaboos University.

This paper focuses on the MENA hydrocarbon-producing countries in the GCC and North Africa. We use annual data from 8 MENA region countries: Algeria, Bahrain, Egypt, Saudi Arabia, Qatar, Oman, Kuwait, and the UAE from 1990 to 2022. In cases where data is missing for select natural gas and commodity price, the missing values are estimated using simple interpolation methods. The country-specific natural gas demand data is sourced from the International Energy Agency (IAE) and reported in bcm. Population data is taken from the IMF and reported in Millions of people. The income-related data are sourced from the UN database. Natural gas and electricity prices are collected using various sources including IEA, OAPEC, IMF and other papers reporting prices (Amansih, 2017); Shebanah et al. (2020). Diesel prices are based on IEA data. Natural gas, diesel, and electricity prices are reported in constant dollars and calculated using the GDP deflator sourced from the World Bank. In the case of Egypt and Oman real prices, missing values for gas and electricity prices before 2003 are estimated by backwards extrapolation using regional averages. The matlab code used for the analysis is also provided.

The size of the Oil and Gas Industry in Oman market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00% during the forecast period. The oil and gas industry are Oman's current jewel of the economy, contributing a huge percentage of government revenue and economic development. Oman has proven oil reserves are mostly located in both onshore and offshore fields and establishes it as a reliable source of oil production within the Middle East region. However, exploration and production activities by state-owned Oman Oil Company and other international oil companies are still core, since such activities apply technological advancement to increase volume of output and also squeeze more out of existing mature fields. The Omani government has had an aggressive drive in the last couple of decades to diversify its energy source portfolio, where investments have been made into natural gas and alternative forms of energy in a move to reduce reliance on oil revenue. This is crucially important as the country faces a turning of tides in terms of volatility in global prices of oil due to the world starting to head towards green energy solutions. Natural gas infrastructure development is also underway, making Oman a potential regional gas supply hub. Apart from that, it has initiated several regulatory changes in the company to strengthen the appeal for foreign investments in the industry, thus making it a world-class competitor. Contrary to such environmental hazards and demands of sustainability, the oil and gas sector of Oman appears responsive and adaptable to these new trends by their series of steps toward innovation and long-term sustainability while ensuring the energy security of the nation and economic soundness of the state. Recent developments include: In March 2023, Oman's Duqm Refinery project, one of the largest refining and petrochemical project, is expected to reach total production by the end of 2023. The refinery project covers about 900 hectares, is located at the heart of the Special Economic Zone of Duqm (SEZD), and is a 50-50 joint venture between state-owned Oman's OQ Group and Kuwait Petroleum International (KPI). Once operational, the Duqm refinery project will improve the country's refining capacity by refining 230,000 barrels of crude oil products daily, serving demand growth in the region and globally., In May 2022: The Salalah Free Zone signed two agreements with a net investment of USD 89 million to establish a plant for producing petrochemical products and a workshop for maintaining and repairing containers.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Increasing Number of New Refineries to Witness Significant Growth.

Explore the Producer Price Index dataset for Oman, featuring information on various industry sectors such as Prepared & Preserved Vegetables, Furniture, Metal Products, Non-Alcoholic Beverages, and more. Stay informed on fluctuations in price indices and trends in the country's manufacturing landscape.

Prepared & Preserved Vegetables, Paints, Rubber & Plastics Products, Wood & Paper Products, Furniture, Jewellery Manufacturing & Anti-Melted Metal Waste, Construction Products Of Steel Or Aluminum, Prepared & Preserved Fish, Metal Products, Machinery & Equipment, Transportable Goods, Non-Alcholic Beverages, Glass, Cement & Marble Products, Bakery Products, Raw & Products of Steel Or Aluminium, Gases, Acids & Polypropylene Products, Stamps & Other Printed Matter, Other Food Products, Index Value, Organic Acids & Gas Used For Cooking, Furniture, Crude Oil & Natural Gas, Semi-Manufactures Of Plastics, Bakery Products & Other Food Products, Oil & Gas Products, Other Finished Products Of Steel Or Aluminum, Dairy Products, Cement, Lime & Plaster, Minerals, Stones & Sands, General Price Index, Articles Of Stationery, Of Paper, Packaging Products Of Plastics, Refined Oil & Gas Products, Salts, Acids & Inorganic Gases, Beverages, Non-Oil Manufacturing, Paper Products, Clothing, Textiles & Footwear, Polypropylene Products, Articles Of Concrete, Cement & Plaster, Distribution & Delivery Of Electricity Apparatus, And Recording Tapes & CDs, Paints & Pharmaceutical Products, Mining, Electricity & Water, Fabricated Products Of Steel Or Aluminum, Weight, Pharmaceutical Products, Non-Oil Products, Paving Or Building Stone, Books, Brochures & Leaflets, Food, Beverages & Textiles Products, Fish, Fruit, Vegetables & Oils, Electrical Energy & Water, Conditioning, Heating & Pumping Water, & Drilling Of Oil Wells Apparatus, & Cars Oils Filters, Price

Oman Follow data.kapsarc.org for timely data to advance energy economics research..

The global market size of Oman Oil and Gas is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Oman Oil and Gas Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Oman Oil and Gas industry. The key insights of the report:
1.The report provides key statistics on the market status of the Oman Oil and Gas manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Oman Oil and Gas industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Oman Oil and Gas Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Oman Oil and Gas as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Oman Oil and Gas market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Oman PPI: YoY: MQ: Crude Petroleum & Natural Gas data was reported at 4.500 % in Sep 2024. This records a decrease from the previous number of 5.400 % for Jun 2024. Oman PPI: YoY: MQ: Crude Petroleum & Natural Gas data is updated quarterly, averaging 1.174 % from Mar 2019 (Median) to Sep 2024, with 23 observations. The data reached an all-time high of 52.050 % in Sep 2021 and a record low of -31.352 % in Sep 2020. Oman PPI: YoY: MQ: Crude Petroleum & Natural Gas data remains active status in CEIC and is reported by National Centre for Statistics and Information. The data is categorized under Global Database’s Oman – Table OM.I017: Producer Price Index: Year Over Year.

In 2023, imports of gas supply or production meters into Oman surged to 2.6K units, jumping by 410% compared with the year before.

Oman: Revenue minus production cost of natural gas, percent of GDP: Pour cet indicateur, La Banque mondiale fournit des données pour la Oman de 1970 à 2021. La valeur moyenne pour Oman pendant cette période était de 1.6 pour cent avec un minimum de 0 pour cent en 1970 et un maximum de 5.67 pour cent en 2021.

For the sixth year in a row, the Omani liquefied petroleum gas (LPG) market recorded decline in sales value, which decreased by -5.7% to $80M in 2024. Overall, consumption saw a abrupt curtailment. As a result, consumption attained the peak level of $319M. From 2019 to 2024, the growth of the market failed to regain momentum.

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The oil and gas drilling automation market share is expected to increase by USD 206.7 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.64%.

This oil and gas drilling automation market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers oil and gas drilling automation market segmentation by application (onshore and offshore) and geography (North America, Europe, APAC, MEA, and South America). The oil and gas drilling automation market report also offer information on several market vendors, including ABB Ltd., Akastor ASA, Ensign Energy Services Inc., Honeywell International Inc., Kongsberg Gruppen ASA, Nabors Industries Ltd., National Oilwell Varco Inc., Rockwell Automation Inc., Schlumberger Ltd., and Siemens AG among others.

What will the Oil And Gas Drilling Automation Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Oil and Gas Drilling Automation Market Size for the Forecast Period and Other Important Statistics

'Offshore rigs are equipped with cybernetics systems to improve equipment manipulation and automate key processes such as pipe handling, jacking, and fixation. Therefore, the recovery in crude oil prices is expected to drive the adoption of O&G drilling automation solutions globally during the forecast period.'

Oil And Gas Drilling Automation Market: Key Drivers, Trends, and Challenges

The O&G price recovery is notably driving the oil and gas drilling automation market growth, although factors such as high ownership costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oil and gas drilling automation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oil And Gas Drilling Automation Market Driver

O&G price recovery is a major driver fueling the oil and gas drilling automation market growth. Since 2019, the moderate recovery in crude oil prices has spurred growth in oil and gas (O&G) extraction projects in countries such as the US, Saudi Arabia, Oman, and Kuwait. Rapid fluctuations in crude oil prices adversely impacted the economic activities in oil-dependent regions such as the Middle East during 2016-2019. Owing to factors such as the limited production of crude oil in key oil-producing countries, such as the US and Russia, and geopolitical factors, such as the US-China trade war, oil prices witnessed considerable stability in 2019. Additionally, the restoration of oil production facilities in Saudi Arabia to full capacity is expected to cater to the global demand for O&G at stable prices during the forecast period.Owing to rapid advances in automation and system integration technologies, automated drilling solutions are finding increased adoption in onshore and offshore oil and gas sites. Offshore rigs are equipped with cybernetics systems to improve equipment manipulation and automate key processes such as pipe handling, jacking, and fixation. Therefore, the recovery in crude oil prices is expected to drive the adoption of O&G drilling automation solutions globally during the forecast period.

Key Oil And Gas Drilling Automation Market Trend

The adoption of IoT technology is the major trend influencing the oil and gas drilling automation market growth. The adoption of the internet of things (IoT) devices for in-depth monitoring and data capturing in the O&G industry is improving the overall efficiency of O&G operations. With crude oil prices registering considerable recovery over the last two years, rig operators and oil producers are emphasizing optimizing the energy efficiency of oilfields. IoT devices are being increasingly used in the O&G industry for a range of applications, including drilling management, pipeline testing, and monitoring, among others. IoT enables oil rig operators and refineries to monitor key performance parameters such as pipe pressure and flow rate. Additionally, IoT ensures accurate and real-time data collection at locations that are not easily accessible. Smart devices provide notifications in advance to operators about any drilling errors or incorrect measurements, thereby minimizing the requirement for routine manual inspections. Advances in connected technologies such as low-power wide-area networks (LPWAN) enable connectivity between monitoring sensors in remote offshore applications. Therefore, the rising adoption of IoT in drilling activities is expected to drive the growth of the global O&G drilling automation market during the forecast period.

Key Oil And Gas Drilling Automation Market Challenge

High ownership costs are a ma

The Oman oil and gas pipeline market presents a robust growth opportunity, fueled by rising energy demand and ongoing investments in infrastructure development within the country. The market, valued at approximately $X million in 2025 (assuming a logical estimation based on the provided CAGR of >6.50% and a comparable market size for similar regions), is projected to witness a Compound Annual Growth Rate (CAGR) exceeding 6.50% from 2025 to 2033. This expansion is primarily driven by Oman's strategic location as a key energy exporter, coupled with government initiatives aimed at boosting the oil and gas sector. Increased exploration and production activities, alongside the development of new pipelines to facilitate efficient transportation of crude oil and natural gas, are key catalysts for market growth. The onshore segment is likely to dominate, given existing infrastructure and ease of access, while the crude oil pipeline segment may hold a larger market share compared to gas pipelines due to Oman's significant crude oil reserves and export-oriented strategy. However, increasing investment in natural gas infrastructure might see a shift in market share in the coming years. Challenges such as fluctuating oil prices, stringent environmental regulations, and potential geopolitical instability could pose restraints on market growth. Major players like Pipelife Nederland B.V., PSC Teknologis, and AVEVA Group plc are actively involved in this dynamic market, contributing to technological advancements and improved pipeline infrastructure. The forecast period (2025-2033) suggests substantial market expansion, driven by Oman's continuous focus on modernizing its energy sector. This includes embracing technologies like smart pipelines and advanced materials to improve efficiency, reduce leakages, and enhance operational safety. While the onshore segment is expected to maintain its lead, significant investments in offshore exploration and infrastructure could gradually increase the offshore segment's market share. The gas pipeline segment's growth will depend on both government policy favoring gas development and advancements in pipeline technologies. The competitive landscape will likely remain intense, with both international and domestic companies competing for projects. Companies will need to focus on innovation, cost-effectiveness, and adherence to safety and environmental standards to succeed in this evolving market. Recent developments include: On 18 February 2022, Elecnor is constructing a 210-km gas pipeline in Oman for USD 75 million - USD 77 million for OQ SAOC in Oman. The project is expected to complete by mid-2023. With this project, OQ SAOC aims to expand its presence in the southern region of the country to meet the expected increase in demand in the near future., In March 2021, OQ SAOC completed the construction of a USD 240 million - USD 250 million gas supply project. The project connects Saih Nahida and Duqm Special Economic Zone.. Notable trends are: The Gas Pipeline Segment to Dominate the Market.

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Gas Engine Market Size 2024-2028

The gas engine market size is forecast to increase by USD 2.48 billion, at a CAGR of 6.77% between 2023 and 2028.

The market is experiencing significant growth due to expanding applications in various industries, particularly in power generation and transportation. A notable trend in this market is the emergence of dual-fuel engines, which offer the flexibility to switch between gas and other fuels, providing businesses with cost-effective and reliable power generation options. However, the market faces challenges due to irregularities in natural gas reserves and supplies, which can impact the pricing and availability of this fuel source. Companies seeking to capitalize on market opportunities should focus on developing innovative solutions to mitigate the risks associated with gas supply volatility. Additionally, investing in research and development of advanced gas engine technologies could provide a competitive edge, addressing both the demand for cleaner energy and the need for greater fuel flexibility.
Overall, the market presents significant opportunities for growth, with the potential to address energy demands while navigating the challenges of an unpredictable fuel supply landscape.

What will be the Size of the Gas Engine Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Gasoline engines remain a staple in automotive applications, with ongoing research focusing on fuel efficiency and emission reduction. Meanwhile, the marine sector leverages large gas engines for power generation and propulsion. In the industrial sector, gas engines power various applications, including power generation, construction equipment, and agriculture. The aftermarket for gas engines is robust, with demand for replacement parts such as lubrication systems, oil filters, air filters, and engine mounts. Cooling systems are crucial for maintaining engine performance, while ignition systems, compression ratio, and cylinder heads are essential components for optimal engine operation.

The market for alternative fuel engines, including propane, natural gas, biofuel, and hybrid engines, is growing. These engines offer environmental benefits and cost savings, making them attractive options for various industries. Fuel systems, fuel filters, and fuel injection systems are key components in these engines. Market dynamics are influenced by factors such as fuel prices, government regulations, and technological advancements. Service contracts are increasingly popular as customers seek to minimize downtime and maintenance costs. The ongoing unfolding of market activities highlights the continuous need for innovation and adaptation to meet evolving customer demands.

How is this Gas Engine Industry segmented?

The gas engine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Power generation
  Co-generation
  Others


End-user

  Power
  Industrial
  Residential
  Commercial


Power Output

  Up to 1 MW
  1 MW to 2 MW
  2 MW to 5 MW
  Above 5 MW


Fuel Type

  Natural Gas
  Biogas
  Landfill Gas
  Propane
  Other Gases


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The power generation segment is estimated to witness significant growth during the forecast period.

Gas engines play a significant role in power generation and various industrial applications. In power generation, natural gas-fueled engines produce electricity for utilities, industries, and residential and commercial consumers. These engines generate power through the expansion of hot gases pushing a piston within a cylinder, converting linear motion into rotational power. The output ranges from 5 kilowatts (kW) to 20 megawatts (MW), suitable for both small-scale backup generators and large-scale power plants. Automotive applications include gasoline engines, which power cars, trucks, and other vehicles, while diesel engines are used in heavy-duty vehicles and construction equipment. Hybrid engines combine a gas engine with an electric motor, improving fuel efficiency and reducing emissions.

Spark plugs ignite the fuel in the engine, while fuel systems deliver the fuel to the engine. Cooling systems maintain engine temperature, and lubrication systems ensure smooth eng

Price for Liquefied Petroleum Gas (LPG) in Oman - 2021. Find the latest marketing data on the IndexBox platform.

The Oman power market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by increasing energy demand fueled by population growth, industrialization, and tourism development. A compound annual growth rate (CAGR) of 4.40% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated value of $YY million by 2033. This growth is primarily fueled by investments in renewable energy sources, aiming to diversify the energy mix and reduce reliance on fossil fuels. The government's commitment to sustainable development and its initiatives to enhance power transmission and distribution infrastructure are also key drivers. However, challenges remain, including the fluctuating prices of oil and gas, which directly impact the cost of electricity generation, and the need for continuous upgrades to the existing infrastructure to meet the growing demand. Segmentation reveals that natural gas currently holds the largest share in power generation, but the renewables segment is poised for substantial growth in the forecast period. Key players like Mazoon Electricity Distribution Company, ACWA Power, and Oman Power & Water Procurement Company (OPWP) are actively shaping the market landscape through their investments and operations, fostering competition and driving innovation. The competitive landscape is characterized by a mix of state-owned and private companies, each playing a crucial role in ensuring a stable and reliable power supply. While the dominance of established players is evident, the market offers opportunities for new entrants with innovative technologies and sustainable solutions, particularly within the renewable energy sector. The increasing adoption of smart grid technologies and energy efficiency measures are expected to further influence the market dynamics in the coming years. Regulatory frameworks supporting renewable energy integration and promoting energy efficiency will play a critical role in shaping the future growth trajectory of the Oman power market. The forecast period will likely witness considerable investment in grid modernization and expansion to accommodate the increasing power generation capacity and demand. Recent developments include: • April 2024: Technip Energies contracted with TotalEnergies and OQ for the Marsa LNG bunkering project in Sohar, Oman. The company will construct a solar-powered LNG Plant in Oman., • March 2023: Sembcorp Industries was awarded the contract for the construction, ownership, and operation of the Manah Solar II Independent Power Project (IPP) in Manah, Oman. Oman Power and Water Procurement Company (OPWP) awarded the contract to the company. The agreement was won through a joint venture formed by Sembcorp's subsidiary, Sembcorp Utilities, and Jinko Power Technology. The 500 MW solar installation will be operational by 2025, covered by a 20-year power purchase agreement (PPA) with OPWP., • January 2022: ACWA Power commissioned the 500 MW Ibri 2 solar independent power project in Oman in partnership with the Oman Power and Water Procurement Company (OPWP). The project generates clean energy to power 50,000 homes and displaces 340,000 tons of carbon emissions annually., . Key drivers for this market are: 4., Upcoming New Renewable Projects in the Country4.; Expansions of Transmission and Distribution Network. Potential restraints include: 4., Upcoming New Renewable Projects in the Country4.; Expansions of Transmission and Distribution Network. Notable trends are: Renewable Power Generation Segment to Witness Significant Growth.

The Oman gas hob market, while exhibiting a relatively smaller overall size compared to global counterparts, demonstrates robust growth potential. With a Compound Annual Growth Rate (CAGR) exceeding 5% from 2019 to 2024 and projected to continue this trajectory through 2033, the market is poised for significant expansion. This growth is fueled by several key drivers. Rising disposable incomes within Oman are leading to increased consumer spending on home appliances, including premium gas hobs offering advanced features and improved safety mechanisms. Furthermore, a shift towards modern kitchen designs and a preference for convenient cooking solutions are boosting demand. The increasing popularity of gas hobs over electric alternatives, driven by factors such as perceived cost-effectiveness and familiarity, further contributes to market expansion. While market restraints exist, such as the presence of established international and regional brands creating a competitive landscape, the overall positive growth indicators suggest a promising future. The market segmentation, encompassing various price points, features (e.g., built-in vs. freestanding), and burner configurations, caters to a diversified consumer base, offering opportunities for both established players like Siemens, Bosch, and Electrolux, and regional brands such as Nikai, Prestige, and Sonashi. Future market growth will likely depend on continued economic stability in Oman, further development of the retail infrastructure, and the introduction of innovative gas hob technologies that enhance efficiency and safety. The competitive landscape features a blend of international giants and regional players, creating a dynamic market scenario. International brands leverage their established reputations and advanced technologies, while regional players benefit from localized understanding of consumer preferences and potentially lower costs. This competition fosters innovation and price competitiveness, ultimately benefiting consumers. The successful players in the coming years will be those that successfully adapt to evolving consumer needs, embrace technological advancements (such as smart hob integration and improved safety features), and strategically target distinct market segments. Maintaining robust distribution networks and effective marketing campaigns will also be crucial for sustained growth in this developing market. Detailed regional data, while currently unavailable, will further elucidate the geographical variations in market penetration and growth patterns, offering valuable insights for targeted marketing and expansion strategies. Key drivers for this market are: Growth in the Tech-Savvy Millennial Population, Increasing Purchasing Power and Rising Disposable Incomes. Potential restraints include: Risk of Malware Attacks, Higher Cost of Maintenance4.3.2.1; Market Opportunities4.; Technological Advancements in Smart Fridges. Notable trends are: Rising Disposable Income is Driving the Market.