Stratview Research delivers key insights on the global Digital Oilfield Market.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Digital Oilfield Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
- Schlumberger Limited
- Weatherford International
- Halliburton Company
- National Oilwell Varco Corporation
- ABB Group
- The Emerson Electric Company
- Rockwell Automation, Inc.
- Siemens AG
- Honeywell International Inc
- Digi International
Growth drivers and Market Value:
This report, from Stratview Research, studies the Digital Oilfield Market value and growth drivers over the trend period of 2022-27. According to the report -
Digital Oilfield Market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising production activities in the Middle Eastern region, the prevalence of alternative reserves, and the increasing investments in offshore in Asia-Pacific are the factors that are bolstering the growth of the digital oilfield market globally.
Segment Analysis:
Based on by Process Type:
Based on the process type, the market is segmented as production optimization, drilling optimization, reservoir optimization, and others. The production optimization segment is estimated to lead the market in the coming five years. The real-time techniques for production optimization augment the recovery of oil and minimize the non-productive time.
Based on Regional:
In terms of regions, Europe is estimated to dominate the digital oilfield market in the coming five years. This growth is owing to the presence of large oilfields in the North Sea. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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