Enhanced Oil Recovery (EOR) Market
Enhanced Oil Recovery (EOR) Market - Global Industry Assessment & Forecast
#
Pages:
2022
Jul - 2023
VMR-0498
Segments Covered
By
Technology Thermal, Chemical, CO2 Injection, Other Technologies
-
By
Application Onshore Field, Offshore Field
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 46.2 Billion |
 Revenue 2030:
|
USD 73.2 Billion |
 Revenue CAGR
(2023 - 2030): |
6.8% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
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
Research Methodology: Enhanced Oil Recovery (EOR) Market by Technology by Application by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Enhanced Oil Recovery (EOR) supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Enhanced Oil Recovery (EOR) market size at regional and country level
- Market size and forecast by Technology, Application, and Region
- Key industry players and their market share and Enhanced Oil Recovery (EOR) market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Enhanced Oil Recovery (EOR) supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Enhanced Oil Recovery (EOR) market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Enhanced Oil Recovery (EOR) market.
FAQ
Frequently Asked Question
What is the global demand for Enhanced Oil Recovery (EOR) in terms of revenue?
-
The global Enhanced Oil Recovery (EOR) valued at USD 46.2 Billion in 2022 and is expected to reach USD 73.2 Billion in 2030 growing at a CAGR of 6.8%.
Which are the prominent players in the market?
-
The prominent players in the market are Exxon Mobil Corporation (U.S.), BP PLC (UK), China Petroleum & Chemical Corporation (China), Total SA (France), Royal Dutch Shell PLC (UK), Chevron Corporation (U.S.), Petroleo Brasileiro SA (Brazil), LUKOIL (Russia), Cenovus Energy Inc. (Canada), Equinor ASA (Norway).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.8% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Enhanced Oil Recovery (EOR) include
- Increasing number of matured wells
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Enhanced Oil Recovery (EOR) in 2022.
