Smart Oilfield Market
Smart Oilfield Market Global Industry Assessment & Forecast
#
Pages:
136
2021
Nov - 2021
VMR-2021-0477
Segments Covered
By
Processes Production, Reservoir, Drilling Optimization
-
By
Application Onshore, Offshore Application
-
By
Solution Types Hardware, Software & Service, Data Storage Solutions
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1485.6 Million |
 Revenue 2028:
|
2385.7 Million |
 Revenue CAGR
(2021 - 2028): |
6.1 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Processes, Application, Solution Types, and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.
On the basis of Processes, the market is divided into Production, Reservoir, Drilling Optimization. Production dominated the global Smart Oilfield market in 2020 and is projected to witness the same trend during the forecast period.
Based on Application, the market is segmented into Onshore, Offshore Application. onshore accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Smart Oilfield Market: Processes Segment Analysis
-
- Production
- Reservoir
- Drilling Optimization
Global Smart Oilfield Market: Application Segment Analysis
-
- Onshore
- Offshore Application
Global Smart Oilfield Market: Solution Types Segment Analysis
-
- Hardware
- Software & Service
- Data Storage Solutions
FAQ
Frequently Asked Question
What is the global demand for Smart Oilfield in terms of revenue?
-
The global Smart Oilfield valued at 1485.6 Million in 2020 and is expected to reach 2385.7 Million in 2028 growing at a CAGR of 6.1%.
Which are the prominent players in the market?
-
The prominent players in the market are Schlumberger Ltd., Halliburton Corporation, Accenture, Baker Hughes, Shell, Weatherford International, Kongsberg, Gruppen, China National Petroleum Corporation, Rockwell Automation, Pason Systems Inc., Siemens, National Oilwell Varco..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Smart Oilfield include
- The advanced techonology which is changing fast in oil and gas industry has made a path for deployment of smart oilfields. The companies are deploying smart oil fields increasingly for maximization of oilfield recovery, drive profitability and eradicate downtime through the integrated workflows. This is anticipated to augment the growth of the market in the years to come.
- The smart oilfield is based on advanced software and hardware and data analysis techniques drives the E&P efficiency of oil and gas mainly. The huge demand for energy and rise in depletion of ‘easy oil’ are growing the deployment of smart oilfields and supporting the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Smart Oilfield in 2020.
