Enhanced Oil Recovery Market is segmented by Technology Type, Application type, and Region. Booming Investments to Enhance Oil Recovery Methods to Spur Enhanced Oil Recovery Market Ahead. Rising demand for Increasing Operations to Drive Forward Enhanced Oil Recovery Market at 15.7% CAGR by 2023.
The crucial players in the global enhanced oil recovery market are listed as Praxair Technology, Inc., PJSC Lukoil Oil Company, FMC Technologies, Inc., Chevron Phillips Chemical Corporation, Schlumberger Ltd., Royal Dutch Shell Plc, Halliburton Corporation, Basf SE, Baker Hughes, a GE company, Statoil ASA, BP Plc., Exxon Mobil, and Titan Oil Recovery.
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Market Insight:
The global market for enhanced oil recovery is expecting an astounding CAGR of 15.7%, during the forecast period (2017-2023), reveals Market Research Future study. Enhanced oil recovery methods are becoming finer with technology delivering everything to the oil recovery methods and providing access to introduce new operations to make it easier.
Enhanced oil recovery methods are used in the process of recovering more oil from the existing oil wells. Hence the oil industry is witnessing a sudden rise in the present, from the year 2015, where it observed a significant slowdown due to less oil extraction, which resulted in low oil prices. With the introduction of more oil recovery methods can into existence, the oil industry expected to witness a considerable rise owing to some of the grossing factors that have been mentioned in this report.
Market Drivers & Trends:
Enhanced oil recovery is one such technological innovation which expected to give desired results of gaining more oil than the standard expedition. The oil field upstream operators invested in the methods, which resulted in oil exploration and led the enhanced oil recovery market to expand considerably. Apart from this, the global enhanced oil recovery market is majorly driven by many government policies and initiatives that have been supportive in the extraction process and has allowed the oil companies to discover more of oil across the world.
The methods have been extensively conducted across the regions of the world to increase the operational life of the wells, which included both offshore and onshore wells. Such a boost to the methods around the globe also contributed to the market’s growth and would expand in the coming years. At present, more than 70% of the existing oil fields are nearing their operational lifetime or maturing, where oil extraction is done through primary and secondary methods. These factors are taking the market towards positive growth graph in the assessment period.
On the flip side, the factor of face regulatory concerns might deter the growth of the market to expand over the assessment period.
Market Segmentation:
The enhanced oil recovery market globally has been segmented into types and application.
In terms of types, the market includes thermal, chemical, and microbial methods of oil recovery and many others like these.
In terms of application, the market consists of onshore and offshore.
Detailed Regional Outlook:
The study of global enhanced oil recovery market has been done in the regions of North America, Europe, Asia Pacific, and Middle East & Africa.
The North America and Europe regions are anticipated to be the major markets for the global enhanced oil recovery market, as the number of mature oil fields is found here and on the rise of oil expedition tasks. Also, it is expected that many upstream oil service providers would increasingly instigate over the enhanced oil recovery methods for increased production, which could benefit the oil industry and thus making a mark for global enhanced oil recovery market abundantly.
The Asia Pacific region is expected to rise with the presence of the countries, such as Malaysia, Indonesia, and Australia. These countries are looking forward to executing enhanced oil recovery in oil fields. By such Implementation of enhanced oil recovery methods further decreases a country’s dependence on oil imports, which is one of the greatest drivers for the market for enhanced oil recovery.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Enhanced Oil Recovery Market, By Technology Type
5.1 Introduction
5.2 Thermal
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.2.3 Steam Injection
5.2.3.1 Market Estimates & Forecast, 2017-2023
5.2.3.2 Market Estimates & Forecast By Region, 2017-2023
5.2.4 In-Situ Combustion
5.2.4.1 Market Estimates & Forecast, 2017-2023
5.2.4.2 Market Estimates & Forecast By Region, 2017-2023
5.2.5 Hot Water
5.2.4.1 Market Estimates & Forecast, 2017-2023
5.2.4.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Chemical
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.3.3 Polymer
5.3.3.1 Market Estimates & Forecast, 2017-2023
5.3.3.2 Market Estimates & Forecast By Region, 2017-2023
5.3.4 Alkaline
5.3.4.1 Market Estimates & Forecast, 2017-2023
5.3.4.2 Market Estimates & Forecast By Region, 2017-2023
5.3.5 Surfactant
5.3.5.1 Market Estimates & Forecast, 2017-2023
5.3.5.2 Market Estimates & Forecast By Region, 2017-2023
5.3.6 Others
5.3.6.1 Market Estimates & Forecast, 2017-2023
5.3.6.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Microbial
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
5.4.3 Cyclic Injection
5.4.3.1 Market Estimates & Forecast, 2017-2023
5.4.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4.4 Microbial Flooding
5.4.4.1 Market Estimates & Forecast, 2017-2023
5.4.4.2 Market Estimates & Forecast By Region, 2017-2023
5.4.5 Feeding Existing Bacteria
5.4.5.1 Market Estimates & Forecast, 2017-2023
5.4.5.2 Market Estimates & Forecast By Region, 2017-2023
5.4.5 Others
5.4.3.1 Market Estimates & Forecast, 2017-2023
5.4.3.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Enhanced Oil Recovery Market, By Application Type
6.1 Introduction
6.2 Onshore
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Offshore
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
9 Global Enhanced Oil Recovery Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2017-2023
9.2.2 Market Estimates & Forecast By Technology Type, 2017-2023
9.2.3 Market Estimates & Forecast By Application Type, 2017-2023
9.2.4 U.S.
9.2.4.1 Market Estimates & Forecast, 2017-2023
9.2.4.2 Market Estimates & Forecast By Technology Type, 2017-2023
9.2.4.3 Market Estimates & Forecast By Application Type, 2017-2023
9.2.5 Canada
9.2.5.1 Market Estimates & Forecast, 2017-2023
9.2.5.2 Market Estimates & Forecast By Technology Type, 2017-2023
9.2.5.3 Market Estimates & Forecast By Application Type, 2017-2023
Continued…
List Of Tables
Table 1 Global Enhanced Oil Recovery Market: By Region, 2017-2023
Table 2 North America Enhanced Oil Recovery Market: By Country, 2017-2023
Table 3 Europe Enhanced Oil Recovery Market: By Country, 2017-2023
Table 4 Asia Pacific Enhanced Oil Recovery Market: By Country, 2017-2023
Table 5 RoW Enhanced Oil Recovery Market: By Country, 2017-2023
Table 6 Global Enhanced Oil Recovery Market, By Technology Type, By Regions, 2017-2023
Table 7 North America Enhanced Oil Recovery Market, By Technology Type, By Country, 2017-2023
Table 8 Europe Enhanced Oil Recovery Market, By Application Type, By Country, 2017-2023
Table 9 Asia Pacific Enhanced Oil Recovery Market By Technology Type, By Country, 2017-2023
Table 10 RoW Enhanced Oil Recovery Market By Technology Type, By Country, 2017-2023
Continued…
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL ENHANCED OIL RECOVERY MARKETSHARE, BY TECHNOLOGY TYPE, 2016 (%)
Continued…
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