LONDON--(BUSINESS WIRE)--The report, global microbial enhanced oil recovery market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.
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The report on the microbial enhanced oil recovery market includes:
Microbial Enhanced Oil Recovery Market Analysis and Forecast 2020-2024: Features
- Competitive landscape
-
Market segmentation
- Regional Segmentation
- Application Segmentation
- Market drivers
- Market trends
- Market challenges
- Five forces analysis
- Market landscape
- Market sizing & forecast
Microbial Enhanced Oil Recovery Market 2020-2024: Competitive Landscape
- Vendors covered
-
Vendor classification
- Chemiphase Ltd.
- DuPont de Nemours Inc.
- Environmental BioTechnologies Inc.
- Equinor ASA
- Micro-Bac International Inc.
- Microbial Energy Inc.
- ONGC TERI Biotech Ltd.
- Qyrin Petroleum Technology
- RAM Biochemicals Inc.
- Titan Oil Recovery Inc.
Microbial Enhanced Oil Recovery Market Landscape 2020-2024: Geographic Landscape
- APAC - size and forecast 2019-2024
- Europe - size and forecast 2019-2024
- MEA - size and forecast 2019-2024
- North America - size and forecast 2019-2024
- South America - size and forecast 2019-2024
- Key leading countries
Microbial Enhanced Oil Recovery Market Landscape 2020-2024: Application Segmentation
- Onshore - size and forecast 2019-2024
- Offshore - size and forecast 2019-2024
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Advantages of microbial enhanced oil recovery will drive the microbial enhanced oil recovery market
The production process of crude oil is being optimized by employing several recovery techniques including thermal methods, gas injection, and chemical injection. Recently, a tertiary oil recovery method, microbial enhanced oil recovery has been gaining popularity as this technique is cheaper in comparison to other enhanced oil recovery techniques. This method involves a microbial enhanced oil recovery solution, which is injected into adjacent wells. It has low-energy input requirement for microbes and enhances the operational efficiency of oil fields.
Increasing consumption of oil and natural gas – An emerging trend in the microbial enhanced oil recovery market
The global liquid fuel consumption is expected to grow steadily during the forecast period according to the US EIA. This is encouraging oil companies to drill greenfield oil wells in new and existing oilfields. This is further leading to an increase in demand for microbial enhanced oil recovery for improved the oil recovery.
Other Key Topics Covered in the Report are:
MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
Get Full Report: https://www.technavio.com/report/microbial-enhanced-oil-recovery-market-industry-analysis
CUSTOMER LANDSCAPE
DECISION FRAMEWORK
DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
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