Global Hydrocarbons Accounting Solution Market Growth (Status and Outlook) 2023-2029

Global Hydrocarbons Accounting Solution Market Growth (Status and Outlook) 2023-2029

Hydrocarbon accounting (HCA), is defined as “the system by which ownership of oil, gas, gas liquids and produced water is determined and tracked from the point of production to a point of sale or discharge”. The terms allocation and production reporting are also commonly used to refer to this function.

It has two essential elements. Firstly, gathering and validating flow measurement data in order to establish the definitive record of production from a facility. Secondly, it involves carrying out allocation calculations on the flow measurements to derive quantities that are not measured directly.

LPI (LP Information)' newest research report, the “Hydrocarbons Accounting Solution Industry Forecast” looks at past sales and reviews total world Hydrocarbons Accounting Solution sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydrocarbons Accounting Solution sales for 2023 through 2029. With Hydrocarbons Accounting Solution sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrocarbons Accounting Solution industry.

This Insight Report provides a comprehensive analysis of the global Hydrocarbons Accounting Solution landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrocarbons Accounting Solution portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrocarbons Accounting Solution market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrocarbons Accounting Solution and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrocarbons Accounting Solution.

The global Hydrocarbons Accounting Solution market size is projected to grow from US$ 471.8 million in 2022 to US$ 653.9 million in 2029; it is expected to grow at a CAGR of 4.8% from 2023 to 2029.

SAP, Adept Solutions, P2 Energy Solutions, Tieto, Quorum, EnergySys, JPL, Pansoft, Schlumberger and CGI are the key suppliers in the global Hydrocarbons Accounting Solution market. Top 5 took up about 80% of the global market.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrocarbons Accounting Solution market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

On-Premises

Cloud-Based

Segmentation by application

Oil

Natural Gas

Water

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

SAP

Adept Solutions

P2 Energy Solutions

Tieto

Quorum Business Solutions

EnergySys

Schlumberger

JPL

Pansoft

CGI Group

Wipro Limited

Infosys

Please note: The report will take approximately 2 business days to prepare and deliver.