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To identify growth opportunities in the reservoir analysis market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC and North America will grow faster than the overall market. The growth of Europe, Middle East and Africa, and South America will be slower than the global market.
Some of the key findings from this reservoir analysis market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The rising demand for energy has created the need for advanced techniques to maximize production from oil and gas fields. The accurate modeling offered by reservoir analysis aids oil and gas operators in decision making by estimating field performance under various production schemes. Specialized coal bed methane (CBM) simulators are also being employed for reservoir simulation of CBM production. These advanced reservoir simulation techniques will encourage oil and gas companies to explore unconventional and untapped reservoirs. Technical advances in reservoir modeling will have a significant impact on the growth of the global reservoir analysis market.
Companies in the oil and gas industry are making significant investments towards developing enhanced recovery methods that will help in maximizing production from mature oil and gas fields. Emerging economies such as India and China have also increased their upstream E&P activities in new field developments to cater to the rising demand for crude oil and gas. These new and mature field developments will boost the demand for better reservoir analysis tools to maximize recovery and profits from oil and gas fields. As a result of these factors, the reservoir analysis market will register a CAGR of over 5% during the forecast period.
The global reservoir analysis market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this reservoir analysis market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several reservoir analysis companies, including:
The onshore segment will account for the largest reservoir analysis market share. The increasing preference and adoption of onshore E&P activities to cater to the growing need for oil and gas products will drive the demand for reservoir analysis in onshore applications.
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the largest reservoir analysis market share throughout the forecast period. The increase in upstream projects will be a major factor driving reservoir analysis market growth in this region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
PART 14: EXPLORE TECHNAVIO
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