Global Smart Oilfield Market Growth (Status and Outlook) 2024-2030

Global Smart Oilfield Market Growth (Status and Outlook) 2024-2030

Smart oilfield involves the application of advanced software, hardware, and data analysis techniques to increase the E&P efficiency of oil and gas. In an era of ever-growing energy demand and depletion of “easy oil,” smart oilfields facilitate in maximizing oilfield recovery by reducing downtime.

The global Smart Oilfield market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

LPI (LP Information)' newest research report, the “Smart Oilfield Industry Forecast” looks at past sales and reviews total world Smart Oilfield sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Oilfield sales for 2024 through 2030. With Smart Oilfield sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Oilfield industry.

This Insight Report provides a comprehensive analysis of the global Smart Oilfield 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 Smart Oilfield portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Oilfield market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Oilfield 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 Smart Oilfield.

The services segment dominated the market and accounted for more than 38% of the market share in terms of revenue.

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

Segmentation by type
Hardware
Software
Services

Segmentation by application
Onshore
Offshore

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.
GE(Baker Hughes)
China National Petroleum Corporation (CNPC)
Halliburton Corporation
Honeywell International
Schlumberger Ltd
Accenture
Kongsberg Gruppen
Microseismic
National Oilwell Varco
Paradigm
Pason Systems
Petrolink
Redline Communications Group
Rockwell Automation
Shell
Siemens
Weatherford

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