Global Enhanced Oil Recovery Market 2024-2028
The enhanced oil recovery market is forecasted to grow by USD 23.81 bn during 2023-2028, accelerating at a CAGR of 8.51% during the forecast period. The report on the enhanced oil recovery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by exploring unconventional resources, growing mature hydrocarbon assets, and increasing ultimate recovery of oil and gas.
Technavio's enhanced oil recovery market is segmented as below:
By Technology
- Thermal injection
- Gas injection
- Chemical injection
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing R&D investment as one of the prime reasons driving the enhanced oil recovery market growth during the next few years. Also, increasing mergers and acquisition and partnership and use of co2 for deepwater enhanced oil recovery operations will lead to sizable demand in the market.
The report on the enhanced oil recovery market covers the following areas:
- Enhanced oil recovery market sizing
- Enhanced oil recovery market forecast
- Enhanced oil recovery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading enhanced oil recovery market vendors that include Baker Hughes Co., BP PLC, Cenovus Energy Inc., ChampionX Corp., Chemiphase Ltd., Chevron Corp., Clariant International Ltd., DuPont de Nemours Inc., Halliburton Co., Japan Petroleum Exploration Co. Ltd., Linde PLC, Oil and Natural Gas Corp. Ltd., Petroleum Development Oman LLC, Qyrin Petroleum Technology, Schlumberger Ltd., Shell PLC, TechnipFMC PLC, Titan Oil Recovery Inc., TotalEnergies SE, and XYTEL Corp.. Also, the enhanced oil recovery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.