Global Reservoir Analysis Market
21 Oct 2022
Energy & Power
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
The Global Reservoir Analysis Market was valued at USD 7.12 billion in 2016 and is projected to reach USD 10.20 billion by 2025, growing at a CAGR of 4.09% from 2017 to 2025.
A Reservoir is a storage space for fluids. These fluids may be water, hydrocarbons or gas. Reservoir Analysis plays an important role in determining the fluid properties as well as flow rate. It also provides necessary inputs pertaining to completion of design and oil & gas production. This market would be beneficial for Consulting companies, Government and research organizations, Investment banks, National Oil Companies, Reservoir analysis tools and equipment manufacturers, Reservoir analysis service companies, Oil & gas field operators, Power and energy associations.
1. Market Drivers
1.1 Exploring unconventional reservoir
1.2 Increasing field development
1.3 High reliability in reservoir analysis due to technological advancements
1.4 Need for maximizing hydrocarbon recovery
1.5 Growing energy demand from emerging economies
2. Market Restraints
2.1 Reducing the reservoir uncertainty and optimize reservoir management
2.2 Issues with accurate representation of reservoir geometry and heterogeneity
2.3 Need to identify small scale reservoir compartments
2.4 Rising environmental concerns
The Global Reservoir Analysis Market is segmented on the resource type, service, application, and region.
1. Resource Type:
2. By Service:
2.1 Data Acquisition and Monitoring
2.2 Reservoir Sampling Services
2.3 Reservoir Simulation and Geo Modeling
3. By Application:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Baker Hughes Incorporated
2. Schlumberger Limited
3. SGS SA
4. CGG SA
5. Expro Group
7. Roxar Software Solutions as
8. Trican Well Service Limited
10. Halliburton Company
11. Weatherford International, PLC
12. ALS Oil & Gas
13. Core Laboratories
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Reservoir Analysis Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook