Industry Statistics and Trends
Gas Utilities in Europe key trends
The Russia-Ukraine war has shocked the European gas market.
The conflict led to supply cuts, diversified energy sources, and fluctuating gas prices, affecting revenue and profitability throughout the energy value chain.
Green alternatives are shaping the industry's future.
European government measures to reduce gas consumption and promote energy efficiency, the rise of renewable energy sources, and goals to eliminate reliance on Russian fossil fuels are transforming the industry's long-term outlook.
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Gas Utilities in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Gas Utilities in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated €390.5bn in 2024.
Trends and Insights
The Russia-Ukraine crisis spurred a spike in natural gas prices
- Cuts to Russian gas supplies into Europe, efforts to reduce reliance on Russian gas and a shift in demand spurred a massive hike in wholesale gas prices in 2022.
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Gas Utilities in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
The rise of green alternatives threatens demand for natural gas in the long term
- As part of efforts to reduce dependence on Russian fossil fuels, European governments have implemented measures to reduce overall demand for gas. At the same time, consumers and businesses are likely to continue to exhibit energy-efficient practices picked up during the energy crisis.
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Revenue
€390.5bn
Employees
415k
Wages
€X.Xbn
European Leaders & Laggards
Top 5 Countries
- Hungary +20.5%
- Poland +12.5%
- Slovakia +9.4%
- Norway +7.7%
- Netherlands +7.6%
Bottom 5 Countries
- Belgium -23.6%
- Estonia -9.8%
- Serbia -9.2%
- Bosnia & Herzegovina -3.4%
- Russia -2.6%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Gas Utilities in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
E.ON SE | 102,217.3 | 5,622.0 | 5.5 | |
Eni SpA | 89,406.0 | 7,761.6 | 8.7 | |
Engie SA | 81,458.3 | 2,117.9 | 2.6 |
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Gas Utilities in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Gas Utilities industry in Europe in 2024?
The market size of the Gas Utilities industry in Europe is €390.5bn in 2024.
How many businesses are there in the Gas Utilities in Europe industry in 2024?
There are 3,574 businesses in the Gas Utilities industry in Europe, which has grown at a CAGR of 0.3 % between 2019 and 2024.
Has the Gas Utilities industry in Europe grown or declined over the past 5 years?
The market size of the Gas Utilities industry in Europe has been declining at a CAGR of 1.7 % between 2019 and 2024.
What is the forecast growth of the Gas Utilities industry in Europe over the next 5 years?
Over the next five years, the Gas Utilities industry in Europe is expected to grow.
What does the Gas Utilities in Europe include?
Gas supply and Gas distribution are part of the Gas Utilities industry.
Which countries have the most businesses in the Gas Utilities industry in Europe?
The European country with the most businesses in the Gas Utilities industry is Russia.
How competitive is the Gas Utilities industry in Europe?
The level of competition is moderate and increasing in the Gas Utilities industry in Europe.
Related Industries
This industry is covered in 37 countries
- Gas Utilities in Greece
- Gas Utilities in Romania
- Gas Utilities in Norway
- Gas Utilities in Sweden
- Gas Utilities in Poland
- Gas Utilities in Estonia
- Gas Utilities in Bosnia & Herzegovina
- Gas Utilities in Europe
- Gas Utilities in Austria
- Gas Utilities in France
- Gas Utilities in Lithuania
- Gas Utilities in the Netherlands
- Gas Utilities in Slovenia
- Gas Utilities in North Macedonia
- Gas Utilities in Bulgaria
- Gas Utilities in Iceland
- Gas Utilities in Luxembourg
- Gas Utilities in Russia
- Gas Utilities in Slovakia
- Gas Utilities in Italy
- Gas Utilities in Denmark
- Gas Utilities in Turkey
- Gas Utilities in Latvia
- Gas Utilities in Croatia
- Gas Utilities in Spain
- Gas Utilities in Portugal
- Gas Utilities in Serbia
- Gas Utilities in Belgium
- Gas Utilities in Hungary
- Gas Utilities in Switzerland
- Gas Utilities in Czechia
- Gas Utilities in Finland
Table of Contents
About this industry
Industry definition
Operators are involved in the manufacture and distribution of gas for the purpose of gas supply. The sale of natural gas to consumers through a system of mains is also included in the industry.
Related Terms
GAS SUPPLYGAS DISTRIBUTIONGAS MANUFACTURINGWhat's included in this industry?
Gas supply Gas distribution Gas manufacturingCompanies
E.ON SEEni SpAEngie SAIndustry Code
352 - Manufacture of gas; distribution of gaseous fuels through mains in Europe
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Performance
Key Takeaways
The Russia-Ukraine crisis spurred a spike in natural gas prices
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Gas Utilities in Europe industry (2011 -2029)
- Employees in the Gas Utilities in Europe industry (2011 -2029)
- Business in the Gas Utilities in Europe industry (2011 -2029)
- Profit in the Gas Utilities in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Gas Utilities in Europe industry?
Outlook
Analysis
What's driving the Gas Utilities in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Gas Utilities in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Gas Utilities in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Gas suppliers are dealing with volatile prices. Soaring wholesale prices have bumped up retail costs, with government intervention required to soften the financial blow to households.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Gas Utilities in Europe industry's products and services performing?
Analysis
What are innovations in the Gas Utilities in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Gas Utilities in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The level of concentration varies between countries and depending on operation types. A small number of companies dominate gas manufacturing and distribution markets, while increased competition has lessened concentration in gas supply markets in recent years.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for E.ON SE
- Countries of operation for Eni SpA
- Countries of operation for Engie SA
- Countries of operation for Electricite de France SA
- Countries of operation for Enel SpA
- Countries of operation for TotalEnergies SE
- Countries of operation for Centrica plc
- Countries of operation for RWE AG
- Countries of operation for Italgas SpA
- Countries of operation for National Gas Transmission plc
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Strict legislation increases competition and promotes green alternatives. Utility regulation mainly relates to market liberalisation, promoting competition, ensuring supply security, and integrating renewable energy sources.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Gas Utilities in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Soaring wholesale prices are a double-edged sword. While gas manufacturers are seeing a boost in profitability, retailers are taking a hit as they absorb most of the cost increases.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Gas Utilities in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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