Microbial Enhanced Oil Recovery Market by Application and Geography - Forecast and Analysis 2021-2025

Published: Oct 2021

Pages: 120

SKU: IRTNTR40536

Snapshot

The microbial enhanced oil recovery market share is expected to increase by USD 126.79 million from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.17%.

This microbial enhanced oil recovery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (onshore and offshore) and geography (North America, Europe, APAC, MEA, and South America). The microbial enhanced oil recovery market report also offers information on several market vendors, including BP Plc, Chemiphase Ltd., DuPont de Nemours Inc., Environmental BioTechnologies Inc., Equinor ASA, Micro-Bac International Inc., ONGC TERI Biotech Ltd., Qyrin Petroleum Technology, RAM Biochemicals Inc., and Titan Oil Recovery Inc. among others.

What will the Microbial Enhanced Oil Recovery Market Size be in 2021?

Download the Free Report Sample to Unlock the Microbial Enhanced Oil Recovery Market Size for 2021 and Other Important Statistics

Microbial Enhanced Oil Recovery Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The advantages of MeOR are notably driving the microbial enhanced oil recovery market growth, although factors such as uncertainties associated with low crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the microbial enhanced oil recovery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

One of the key factors driving growth in the microbial enhanced oil recovery market is the advantages of MeOR.
Primary and secondary oil recovery methods can extract only up to one-fourth of the OOIP; thus, tertiary oil recovery methods like MeOR, are employed to recover the remaining oil in place.
The MeOR solution is injected into adjacent wells, followed by the injection of water to drive the biological solution into oil-saturated zones.
MeOR brings an increase in the total oil produced and efficient operation of the oil field, the technique is cheaper than other enhanced oil recovery techniques and has a low-energy input requirement for microbes to produce MeOR agents.
With the availability of easy oil declining, the requirement for enhanced oil recovery techniques becomes crucial to increase crude oil recovery from oil wells.

The increasing consumption of oil and natural gas is another major factor supporting the microbial enhanced oil recovery market share growth.
The reduction in crude oil prices is resulting in increased fuel consumption.
The oil companies need to drill greenfield oil wells in new and existing oilfields while increasing the production from existing mature oilfields, to meet the increasing demand for fuel.
Rising industrialization and urbanization have been attributed to the increased demand for crude oil in developing economies such as China and India.
The increase in mobility services availed through mobile applications is likely to increase the demand for fuel, which, in turn, will require increased production from oil and gas companies.

This microbial enhanced oil recovery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Microbial Enhanced Oil Recovery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the microbial enhanced oil recovery market encompasses successful business strategies deployed by the key vendors. The microbial enhanced oil recovery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The microbial enhanced oil recovery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Microbial Enhanced Oil Recovery Market?

For more insights on the market share of various regions Request for a FREE sample now!

34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for microbial enhanced oil recovery market in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South American regions.

The rising number of mature oilfields in the Gulf of Mexico will facilitate the microbial enhanced oil recovery market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Microbial Enhanced Oil Recovery Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The microbial enhanced oil recovery market share growth by the onshore segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the microbial enhanced oil recovery market size and actionable market insights on post COVID-19 impact on each segment.

Microbial Enhanced Oil Recovery Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7.17%
Market growth 2021-2025	$ 126.79 million
Market structure	Fragmented
YoY growth (%)	6.24
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 34%
Key consumer countries	US, Canada, Norway, Canada, and Russian Federation
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Companies profiled	BP Plc, Chemiphase Ltd., DuPont de Nemours Inc., Environmental BioTechnologies Inc., Equinor ASA, Micro-Bac International Inc., ONGC TERI Biotech Ltd., Qyrin Petroleum Technology, RAM Biochemicals Inc., and Titan Oil Recovery Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Microbial Enhanced Oil Recovery Market Report?

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive microbial enhanced oil recovery market growth during the next five years
Precise estimation of the microbial enhanced oil recovery market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the microbial enhanced oil recovery industry across North America, Europe, APAC, MEA, and South America
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of microbial enhanced oil recovery market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Market Segmentation by Application

Market segments
Comparison by Application
Onshore - Market size and forecast 2020-2025
Offshore - Market size and forecast 2020-2025
Market opportunity by Application

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

Purchase Report

PURCHASE FULL REPORT OF

microbial enhanced oil recovery market

Buy Report - Single User License 2500 USD

QUICK BUY

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

Why should you prefer Technavio's market insights report?

Off-the-shelf research reports
Reports can be tailored to meet the customer's needs
Trusted by more than 100 fortune 500 organizations
Information about the market's key drivers, trends, and challenges
Parent market analysis
Every week, 50,000 people visit our subscription platform
Detailed vendors report with competitive landscape
Covid-19 impact and recovery analysis
Data on revenue-generating market segments
Details on the market shares of various regions
Five-force market analysis