The report "Reservoir Analysis Market by Service (Geo Modeling, & Reservoir Simulation, Data Acquisition & Monitoring, and Reservoir Sampling), Application (Onshore & Offshore), Reservoir Type (Conventional & Unconventional), and Region - Global Forecast to 2022", The reservoir analysis market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 8.95 Billion by 2022, at a CAGR of 4.11%. This growth is attributed to the increase in energy demand from emerging economics, increasing focus on mature oil & gas fields, new field developments, and increased reliability in reservoir analysis due to technology advancements.
To enable an in-depth understanding of the competitive landscape, the report includes, profiles of some of the top service providers in the reservoir analysis market. These players include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International, PLC (Switzerland), Roxar Software Solutions AS (Norway), SGS SA (Switzerland), Core Laboratories (U.S.), ALS Oil & Gas (Australia), CGG SA (France), Expro International Group Holding, Ltd. (U.K.), and Trican Well Service Limited (Canada) among others.
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Scope of the Report:
By Service
• Reservoir Simulation and Geo Modeling
• Data Acquisition and Monitoring
• Reservoir Sampling Services
By Resource type
• Conventional
• Unconventional
By Application
• Onshore
• Offshore
By Region
• Europe
• North America
• Asia-Pacific
• Middle East
• Africa
• South America
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Objectives of the Study
• To define, describe, and forecast the global reservoir analysis market on the basis of service, application, and region
• To provide detailed information on major factors influencing the growth of the reservoir analysis market (drivers, restraints, opportunities, and industry specific challenges)
• To strategically analyze the reservoir analysis market with respect to individual growth trends, future expansions, and contribution to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the expansion of the reservoir analysis market with respect to main regions (North America, South America, Europe, Asia-Pacific, the Middle East, and Africa)
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To benchmark players within the market using proprietary Vendor DIVE framework, which analyzes market players on various parameters within broad categories of business and product strategy
• To track and analyze competitive developments, such as contracts & agreements, mergers & acquisitions, new product developments, and research and development in the global reservoir analysis market
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Target Audience:
• Consulting companies of the energy and power sector
• Government and research organizations
• Investment banks
• National Oil Companies (NOCs)
• Reservoir analysis tools and equipment manufacturers
• Reservoir analysis service companies
• Oil & gas field operators
• Power and energy associations
• Exploration & Production companies
North America: The largest market for reservoir analysis in 2017
The market in North America is currently the largest market of the reservoir analysis market, closely followed by Asia-Pacific. Technological advancements in drilling, such as long-reach horizontal well bores and completion techniques, such as multi-stage hydraulic fracturing, have led to an increase in E&P from unconventional resources and is driving the reservoir analysis market in this region. The market in the U.S. dominates the North American market, followed by Canada and Mexico. The market in the U.S. surpassed the markets in Russia and Saudi Arabia, and became the world’s top producer of petroleum and natural gas hydrocarbons in 2015.
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