Enhanced Oil Recovery Market Strategies and Share 2031
Enhanced oil recovery is also familiar with tertiary recovery. It is an extraction of crude oil from oilfields which requires different methods for extraction. High concentration towards heavy oil production and expansion in shale activities are amongst the prominent factor responsible to stimulate the use of enhanced oil recovery.
MARKET DYNAMICS
Rising production from maturing oilfields and increasing rate of primary energy consumption in Asian countries is stimulating the entire oil & gas industry that is driving the use of enhanced oil recovery; and thereby impacting the market growth. In addition to this, government support by providing financial assistance to discover new offshore oilfield is anticipated to provide ample of growth opportunities to the players operating in the enhanced oil recovery market.
MARKET SCOPE
The "Global Enhanced Oil Recovery Market Analysis to 2031" is a specialized and in-depth study of the energy & power industry with a special focus on the global market trend analysis. The report aims to provide an overview of the enhanced oil recovery market with detailed market segmentation- technology, application, and geography. The global enhanced oil recovery market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading enhanced oil recovery market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global enhanced oil recovery market is segmented on the basis of technology and application. Based on technology, the enhanced oil recovery market is segmented into thermal, chemical. On the basis of application, the enhanced oil recovery market is segmented into onshore, offshore.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global enhanced oil recovery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The enhanced oil recovery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the enhanced oil recovery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the enhanced oil recovery in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global enhanced oil recovery market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The enhanced oil recovery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the enhanced oil recovery market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the enhanced oil recovery in these regions.
MARKET PLAYERS
The reports cover key developments in the enhanced oil recovery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from enhanced oil recovery market are anticipated to lucrative growth opportunities in the future with the rising demand for enhanced oil recovery in the global market. Below mentioned is the list of few companies engaged in the enhanced oil recovery market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the enhanced oil recovery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ChampionX
- Exterran
- Halliburton
- Premier Energy, Inc.
- RCS Group of Companies
- Schlumberger
- Secure Energy
- Titan Oil Recovery Inc.
- Ultimate EOR Services LLC
- XYTEL Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Enhanced Oil Recovery Market - By Tehcnology
1.3.2 Enhanced Oil Recovery Market - By Application
1.3.3 Enhanced Oil Recovery Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENHANCED OIL RECOVERY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ENHANCED OIL RECOVERY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENHANCED OIL RECOVERY MARKET - GLOBAL MARKET ANALYSIS
6.1. ENHANCED OIL RECOVERY - GLOBAL MARKET OVERVIEW
6.2. ENHANCED OIL RECOVERY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENHANCED OIL RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - TEHCNOLOGY
7.1. OVERVIEW
7.2. TEHCNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. THERMAL
7.3.1. Overview
7.3.2. Thermal Market Forecast and Analysis
7.4. CHEMICAL
7.4.1. Overview
7.4.2. Chemical Market Forecast and Analysis
8. ENHANCED OIL RECOVERY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE
8.3.1. Overview
8.3.2. Onshore Market Forecast and Analysis
8.4. OFFSHORE
8.4.1. Overview
8.4.2. Offshore Market Forecast and Analysis
9. ENHANCED OIL RECOVERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Enhanced Oil Recovery Market Overview
9.1.2 North America Enhanced Oil Recovery Market Forecasts and Analysis
9.1.3 North America Enhanced Oil Recovery Market Forecasts and Analysis - By Tehcnology
9.1.4 North America Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.1.5 North America Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.1.5.1 United States Enhanced Oil Recovery Market
9.1.5.1.1 United States Enhanced Oil Recovery Market by Tehcnology
9.1.5.1.2 United States Enhanced Oil Recovery Market by Application
9.1.5.2 Canada Enhanced Oil Recovery Market
9.1.5.2.1 Canada Enhanced Oil Recovery Market by Tehcnology
9.1.5.2.2 Canada Enhanced Oil Recovery Market by Application
9.1.5.3 Mexico Enhanced Oil Recovery Market
9.1.5.3.1 Mexico Enhanced Oil Recovery Market by Tehcnology
9.1.5.3.2 Mexico Enhanced Oil Recovery Market by Application
9.2. EUROPE
9.2.1 Europe Enhanced Oil Recovery Market Overview
9.2.2 Europe Enhanced Oil Recovery Market Forecasts and Analysis
9.2.3 Europe Enhanced Oil Recovery Market Forecasts and Analysis - By Tehcnology
9.2.4 Europe Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.2.5 Europe Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Enhanced Oil Recovery Market
9.2.5.1.1 Germany Enhanced Oil Recovery Market by Tehcnology
9.2.5.1.2 Germany Enhanced Oil Recovery Market by Application
9.2.5.2 France Enhanced Oil Recovery Market
9.2.5.2.1 France Enhanced Oil Recovery Market by Tehcnology
9.2.5.2.2 France Enhanced Oil Recovery Market by Application
9.2.5.3 Italy Enhanced Oil Recovery Market
9.2.5.3.1 Italy Enhanced Oil Recovery Market by Tehcnology
9.2.5.3.2 Italy Enhanced Oil Recovery Market by Application
9.2.5.4 United Kingdom Enhanced Oil Recovery Market
9.2.5.4.1 United Kingdom Enhanced Oil Recovery Market by Tehcnology
9.2.5.4.2 United Kingdom Enhanced Oil Recovery Market by Application
9.2.5.5 Russia Enhanced Oil Recovery Market
9.2.5.5.1 Russia Enhanced Oil Recovery Market by Tehcnology
9.2.5.5.2 Russia Enhanced Oil Recovery Market by Application
9.2.5.6 Rest of Europe Enhanced Oil Recovery Market
9.2.5.6.1 Rest of Europe Enhanced Oil Recovery Market by Tehcnology
9.2.5.6.2 Rest of Europe Enhanced Oil Recovery Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Enhanced Oil Recovery Market Overview
9.3.2 Asia-Pacific Enhanced Oil Recovery Market Forecasts and Analysis
9.3.3 Asia-Pacific Enhanced Oil Recovery Market Forecasts and Analysis - By Tehcnology
9.3.4 Asia-Pacific Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Enhanced Oil Recovery Market
9.3.5.1.1 Australia Enhanced Oil Recovery Market by Tehcnology
9.3.5.1.2 Australia Enhanced Oil Recovery Market by Application
9.3.5.2 China Enhanced Oil Recovery Market
9.3.5.2.1 China Enhanced Oil Recovery Market by Tehcnology
9.3.5.2.2 China Enhanced Oil Recovery Market by Application
9.3.5.3 India Enhanced Oil Recovery Market
9.3.5.3.1 India Enhanced Oil Recovery Market by Tehcnology
9.3.5.3.2 India Enhanced Oil Recovery Market by Application
9.3.5.4 Japan Enhanced Oil Recovery Market
9.3.5.4.1 Japan Enhanced Oil Recovery Market by Tehcnology
9.3.5.4.2 Japan Enhanced Oil Recovery Market by Application
9.3.5.5 South Korea Enhanced Oil Recovery Market
9.3.5.5.1 South Korea Enhanced Oil Recovery Market by Tehcnology
9.3.5.5.2 South Korea Enhanced Oil Recovery Market by Application
9.3.5.6 Rest of Asia-Pacific Enhanced Oil Recovery Market
9.3.5.6.1 Rest of Asia-Pacific Enhanced Oil Recovery Market by Tehcnology
9.3.5.6.2 Rest of Asia-Pacific Enhanced Oil Recovery Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Enhanced Oil Recovery Market Overview
9.4.2 Middle East and Africa Enhanced Oil Recovery Market Forecasts and Analysis
9.4.3 Middle East and Africa Enhanced Oil Recovery Market Forecasts and Analysis - By Tehcnology
9.4.4 Middle East and Africa Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Enhanced Oil Recovery Market
9.4.5.1.1 South Africa Enhanced Oil Recovery Market by Tehcnology
9.4.5.1.2 South Africa Enhanced Oil Recovery Market by Application
9.4.5.2 Saudi Arabia Enhanced Oil Recovery Market
9.4.5.2.1 Saudi Arabia Enhanced Oil Recovery Market by Tehcnology
9.4.5.2.2 Saudi Arabia Enhanced Oil Recovery Market by Application
9.4.5.3 U.A.E Enhanced Oil Recovery Market
9.4.5.3.1 U.A.E Enhanced Oil Recovery Market by Tehcnology
9.4.5.3.2 U.A.E Enhanced Oil Recovery Market by Application
9.4.5.4 Rest of Middle East and Africa Enhanced Oil Recovery Market
9.4.5.4.1 Rest of Middle East and Africa Enhanced Oil Recovery Market by Tehcnology
9.4.5.4.2 Rest of Middle East and Africa Enhanced Oil Recovery Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Enhanced Oil Recovery Market Overview
9.5.2 South and Central America Enhanced Oil Recovery Market Forecasts and Analysis
9.5.3 South and Central America Enhanced Oil Recovery Market Forecasts and Analysis - By Tehcnology
9.5.4 South and Central America Enhanced Oil Recovery Market Forecasts and Analysis - By Application
9.5.5 South and Central America Enhanced Oil Recovery Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Enhanced Oil Recovery Market
9.5.5.1.1 Brazil Enhanced Oil Recovery Market by Tehcnology
9.5.5.1.2 Brazil Enhanced Oil Recovery Market by Application
9.5.5.2 Argentina Enhanced Oil Recovery Market
9.5.5.2.1 Argentina Enhanced Oil Recovery Market by Tehcnology
9.5.5.2.2 Argentina Enhanced Oil Recovery Market by Application
9.5.5.3 Rest of South and Central America Enhanced Oil Recovery Market
9.5.5.3.1 Rest of South and Central America Enhanced Oil Recovery Market by Tehcnology
9.5.5.3.2 Rest of South and Central America Enhanced Oil Recovery Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENHANCED OIL RECOVERY MARKET, KEY COMPANY PROFILES
11.1. CHAMPIONX
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EXTERRAN
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HALLIBURTON
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PREMIER ENERGY, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. RCS GROUP OF COMPANIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SCHLUMBERGER
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SECURE ENERGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TITAN OIL RECOVERY INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ULTIMATE EOR SERVICES LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. XYTEL CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ChampionX
2.Exterran
3.Halliburton
4.Premier Energy, Inc.
5.RCS Group of Companies
6.Schlumberger
7.Secure Energy
8.Titan Oil Recovery Inc.
9.Ultimate EOR Services LLC
10.XYTEL Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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