Reservoir Analysis Market Size, Share 2019 Global Key Players, Share, Merger, Acquisitions, Sales, Revenue, Regional Analysis With Industry Forecast To 2023
According to “Reservoir Analysis Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Reservoir Analysis Market to grow at 4.13% CAGR and reach $9.70 Billion by 2024.
Pune, India – October 8, 2019 /MarketersMedia/ —
According to “Reservoir Analysis Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Reservoir Analysis Market to grow at 4.13% CAGR and reach $9.70 Billion by 2024. Reservoir Analysis Industry 2019 Report Segments Market for Reservoir Analysis by Reservoir Type (Conventional and Unconventional), Service (Geo Modeling & Reservoir simulation, Data Acquisition & Monitoring, and Reservoir Sampling), Application (Onshore & Offshore), and Region.
Global Reservoir Analysis Key Players Analyzed in Report –
The global reservoir analysis market comprises a host of key players. This includes names like Weatherford International, PLC (US), SGS SA (Switzerland), Schlumberger Limited (US), Halliburton Company (US), ALS Oil & Gas (US), CGG SA (France), Baker Hughes Incorporated (US), Geokinetics (US), Intertrek (Australia), Core Laboratories (Netherlands), Expro Group (UK), Paradigm (US), and others.
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Global Market Highlights:
Reservoir analysis helps determine the flow-related properties, such as volume, pressure, temperature, porosity, and permeability of the reservoir fluid, helping in the optimization of the recovery techniques and production. Reservoir characteristics such as reservoirs fluid sensitivity, formation damage during stimulating, reservoir production potential, reservoir rock quality, and reservoir digenetic history are formulated through reservoir analysis. The global reservoir analysis market was analyzed by Market Research Future (MRFR) and it was projected that a gradual CAGR of 4.13% will be attained by the market over the forecast period of 2019 to 2024.
The market is projected to grow at a high rate during the forecast period, mainly due to the growing oil demand, new field developments, and the increased reliability of reservoir analysis due to the technology advancements. According to the IEA, oil demand is estimated to grow by 6.9 million barrels a day by 2023. Thus, governments, around the world have developed attractive investment plans to increase oil production, which would further drive the global reservoir analysis market.
According to the International Energy Agency (IEA), the oil demand is slated to grow with every passing day. So much so that it is projected to grow by 6.9 million barrels a day by the year 2023. This has prompted governments across the globe to take notice and develop various attractive investment plans to increase the production of oil. This is expected to propel the demand and growth of the global reservoir analysis market.
Market Segments Analysis:
The scope of the study segments the Reservoir Analysis market by its service, reservoir type, application, and by region.
By Service:
Geo modeling & reservoir simulation
Data acquisition & monitoring
Reservoir sampling
By Reservoir Type:
Conventional
Unconventional
By Application:
Onshore
Offshore
Regional Market Insights:
The global reservoir analysis market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Region wise, North America held the largest market share of the global reservoir analysis market in 2017. An increase in offshore drilling in the US along with technological advancements, such as well completion techniques, long-reach horizontal well bore, and hydraulic fracturing have led to the growth of the exploration activities from unconventional resources, which drives the reservoir analysis market in North America.
The exploration of unconventional reservoirs offers an opportunity for the North American market in terms of growth. Additionally, increasing exploration of unconventional resources can also be attributed to the increasing offshore drilling activities in the US and the fast-paced technological advancements like hydraulic fracturing, well completion techniques, and long-reach horizontal well bore. Demand from both onshore and offshore fields in the Gulf of Mexico is also anticipated to boost the market in this region during the forecast period.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Reservoir Analysis Market, By Reservoir Type
6.1 Introduction
6.2 Conventional
6.2.1 Market Estimates & Forecast, 2017–2024
6.2.2 Market Estimates & Forecast, By Region, 2017–2024
6.3 Unconventional
6.3.1 Market Estimates & Forecast, 2017–2024
6.3.2 Market Estimates & Forecast, By Region, 2017–2024
7 Global Reservoir Analysis Market, By Service
7.1 Introduction
7.2 Reservoir Simulation & Geomodelling Services
7.2.1 Market Estimates & Forecast, 2017–2024
7.2.2 Market Estimates & Forecast, By Region, 2017–2024
7.3 Data Acquisition & Monitoring Services
7.3.1 Market Estimates & Forecast, 2017–2024
7.3.2 Market Estimates & Forecast, By Region, 2017–2024
7.4 Reservoir Sampling Services
7.4.1 Market Estimates & Forecast, 2017–2024
7.4.2 Market Estimates & Forecast, By Region, 2017–2024
8 Global Reservoir Analysis Market, By Application
8.1 Introduction
8.2 Onshore
8.2.1 Market Estimates & Forecast, 2017–2024
8.2.2 Market Estimates & Forecast, By Region, 2017–2024
8.3 Offshore
8.3.1 Market Estimates & Forecast, 2017–2024
8.3.2 Market Estimates & Forecast, By Region, 2017–2024
9 Global Reservoir Analysis Market, By Region
Continued…
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