Enhanced Oil Recovery Market 2019 Global Size, Growth Trends, And Regional Outlook to 2023 is latest report published by Market Research Future. Global Enhanced Oil Recovery Market is to grow at healthy 15.7% CAGR by 2023. Global Enhanced Oil Recovery Market by Technology Type, Application type, and Region with Global Industry Forecast to 2023.
Report provides comprehensive market data on Enhanced Oil Recovery industry manufacturers, distributors, suppliers, consulting companies from Enhanced Oil Recovery market and mobility industry, investors, stakeholders, and research organizations.
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Enhanced Oil Recovery Key Players Analyzed in Report:
MRFR profiled key players that are functioning in the global enhanced oil recovery market. They are; PJSC Lukoil Oil Company, Praxair Technology, Inc., Chevron Phillips Chemical Corporation, FMC Technologies, Inc., Royal Dutch Shell Plc, Schlumberger Ltd., BASF SE, Baker Hughes, Halliburton Corporation, Exxon Mobil, Statoil ASA, BP Plc., and Titan Oil Recovery.
MRFR reveals that the global EOR market is expected to exhibit a sharp rise in its valuation and the intensifying competition among key players is expected to contribute to the same. Strategic partnerships among them are expected to favour the market.
Market Research Future (MRFR), in its latest “Enhanced Oil Recovery Market” reveals, that the market of enhanced oil recovery is expected to thrive at about 15.7% CAGR across the review period (2017-2023). The increase in need for obtaining more oil to meet rising demand for oil is surging the adoption rate of enhanced oil recovery market. Numerous new matured oil fields have been identified across the globe that is drawing the attention of people in business. This is creating numerous growth opportunities for the market. Hence, the worldwide EOR market is likely to hold a bright future.
Technology is observed to play a significant role in the expansion of the worldwide enhanced oil recovery market. The availability of techniques, such as gas-injection method that is feasible to use is expected to ease the extraction process. Carbon dioxide gas is mostly used in this process. It is easily available and cost-effective. These factors are anticipated to spur the growth of the global enhanced oil recovery market. On the contrary, issues regarding regulatory concerns can hinder the expansion of the global enhanced oil recovery market.
The enhanced oil recovery market is segmented by technology and application. By technology, the market is sectioned into microbial, thermal, chemical, and others. The chemical and thermal methods are widely used in several practical projects. The chemical methods use materials, such as alkaline, polymer, and surfactant to extract more amount of oil from existing wells. These chemicals are easily available. These factors are expected to positively impact the global EOR market. By application, the market is segmented into onshore and offshore. The increase in availability of offshore mature oil sites and the extensive use of enhanced oil recovery solution to extract more oil from these sites. It is likely to generate high revenue for the EOR market in the assessment years. The offshore segment is expected to contribute largely to the expansion of the global enhanced oil recovery market.
The enhanced oil recovery market in North America is anticipated expected to show a sharp rise in its valuation by 2023. After North America, Europe is expected to experience a fast-paced expansion of the enhanced oil recovery market. The presence of major enhanced oil recovery providers in these regions is expected to contribute the rapid expansion of the market in these regions. In Asia Pacific, the EOR market is expected to thrive at a high CAGR in the forecast period. The High number of mature oil fields has been identified across countries in the APAC region. This upscaling need for enhanced oil recovery methods is generating potential growth scopes that is expected to benefit the market. Besides, countries, such as Indonesia, Malaysia, and Australia, are working to deploy enhanced oil recovery solutions in their oil fields is also expected to surge the regional market. Moreover, the implementation of enhanced oil recovery methods curbs a country’s dependence on oil imports, which can propel the APAC market.
Table Of Content
1. Executive Summary
2. Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
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 Supply Chain Analysis
4. Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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
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