The reservoir analysis market will register a CAGR of over 5% by 2023.
Surge in global energy demand will drive the global market during the forecast period. A growth of the country depends on the amount of energy that it possesses. Reliable and affordable energy supports the growth of various industries such as power generation and infrastructure. Therefore, rising global energy demand will propel the growth of the global reservoir analysis market.
Rising focus on mature oil and gas fields and new field developments
Rising focus on mature oil and gas fields and new field developments will drive the global reservoir analysis market in the forecast period. New and mature field development oil and gas projects will require accurate reservoir analysis to maximize recovery from oil and gas fields. Upstream players will look for better reservoir analysis tools to maximize profits.
Fluctuations in global oil and gas prices
Oil and gas prices company has been volatile since the 2014 crude oil price crisis. Such price changes impact investors in the oil and gas industry. This will have a negative impact on revenues of upstream companies as well as profit margins of investors. Thus, fluctuations in global oil and gas prices will impede the market growth.
The market appears to be moderately fragmented and with the presence of several companies including Schlumberger Ltd. and Weatherford International Plc., the competitive environment is quite intense. Factors such as the surge in global energy demand and rising focus on mature oil and gas fields and new field developments, will provide considerable growth opportunities to reservoir analysis manufactures.
ALS Ltd., Baker Hughes, a GE Co. LLC, Halliburton Co., Schlumberger Ltd., and Weatherford International Plc are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2018
Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Onshore - Market size and forecast 2018-2023
Offshore - Market size and forecast 2018-2023
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2018-2023
Middle East and Africa - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
Introduction of Big Data analytics
Technical advances in reservoir modeling
Exploring unconventional reservoirs
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
Market positioning of vendors
Baker Hughes, a GE Co. LLC
Weatherford International Plc
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