“Global Smart Oilfield Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global smart oilfield market. Smart oilfield helps amplify oilfield recovery by diminishing downtime. It utilizes advanced hardware, software, and data analysis strategies to expand oil and gas exploration and production (E&P). Smart oilfield collects real-time data from pump flow pressure, sensors, and temperature meters and shares the information with the control room or central server. It replicates the functioning of an oil and gas field and generates predictive analysis by using the information related to reservoirs, wellbores, and surface facilities. It also helps improve the overall safety, optimize hydrocarbon production rate, provide environmental protection, and eliminate resource wastages.
The rising number of exploration activities and the discovery of new oilfields are some of the factors primarily driving the smart oilfield market growth. In addition, the increasing penetration of technology has paved the way for smart oilfields, which assist in eradicating downtime, maximizing oilfield recovery, and driving profitability. Moreover, the increasing demand for oil and its derivates across various industrial verticals, along with the potentially precarious, uncertain, and hazardous working environment of the oil and gas sector, is propelling the need for smart oilfields across the globe. Besides this, leading market players are heavily investing in research and development (R&D) activities to introduce reliable and efficient smart oilfields, which is acting as another crucial factor accelerating the market growth. Apart from this, the rising number of mature oilfields and the growing energy requirements have surged the demand for smart oilfields, thus supporting the market growth. Other factors, such as technological progressions, rapid digitization of the industry, and burgeoning funding in offshore oil exploration activities, are creating a positive outlook for the market.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the smart oilfield market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2021. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the smart oilfield market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the smart oilfield market in detail for the latest trends, outlook and opportunities.
The report analyses the competitive structure of the smart oilfield market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart oilfield market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the smart oilfield market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the smart oilfield market industry. Furthermore, the value chain analysis of the smart oilfield market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Segmentation by Technology and Services:
Segmentation by Region:
Competitive Landscape:
The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the smart oilfield industry along with the parameters of porter’s five forces model. This model examines the degree of competition in the smart oilfield industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the smart oilfield industry. Furthermore, the value chain analysis of the smart oilfield industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.
Highlights of The Smart Oilfield Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the smart oilfield industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2. Research Methodology
2.1. Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3. Executive Summary
4. Global Smart Oilfield Market
4.1 Industry Overview
4.2 Key Industry Developments
4.3 Market Trends
4.3.1 Key Market Indicators
4.3.2 Historical Market Trends
4.3.3 Impact of COVID-19
4.3.4 Market Forecast
4.4 Price Analysis
4.4.1 Key Price Indicators
4.4.2 Pricing Structure
4.4.3 Historical Price Trends
4.4.4 Price Forecast
4.5 Market Breakup By Region
4.6 Market Breakup By Technology and Services
5. Global Smart Oilfield Market: Value Chain Analysis
5.1 Overview
5.2 Research and Development
5.3 Raw Material Suppliers
5.4 Inbound Logistics
5.5 Production
5.6 Marketing
5.7 Outbound Logistics
5.8 Consumers
6. Global Smart Oilfield Market: SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7. Global Smart Oilfield Market: Porter’s Five Forces Analysis
7.1 Overview
7.2 Threat of New Entrants
7.3 Threat of Substitutes
7.4 Bargaining Power of Buyers
7.5 Bargaining Power of Suppliers
7.6 Intensity of Rivalry
8. Competitive Landscape
8.1 Market Structure
8.2 Key Players
8.3 Key Success Factors
9. Performance By Region
9.1 North America
9.1.1 Overview
9.1.2 Market Trends
9.1.3 Market Segmentation
9.1.4 Market Forecast
9.2 Europe
9.2.1 Overview
9.2.2 Market Trends
9.2.3 Market Segmentation
9.2.4 Market Forecast
9.3 Asia Pacific
9.3.1 Overview
9.3.2 Market Trends
9.3.3 Market Segmentation
9.3.4 Market Forecast
9.4 Latin America
9.4.1 Overview
9.4.2 Market Trends
9.4.3 Market Segmentation
9.4.4 Market Forecast
9.5 Middle East and Africa
9.5.1 Overview
9.5.2 Market Trends
9.5.3 Market Segmentation
9.5.4 Market Forecast
10 Key Player Profiles
List of Figures
Figure 1: Global: Smart Oilfield Market, 2016-2021
Figure 2: Global: Smart Oilfield Market Forecast, 2022-2027
Figure 3: Global: Smart Oilfield Market: Price Trends, 2016-2021
Figure 4: Global: Smart Oilfield Market Forecast: Price Trends, 2022-2027
Figure 5: Global: Smart Oilfield Market: Breakup by Region, 2021
Figure 6: Global: Smart Oilfield Market: Breakup by Technology and Services, 2021
Figure 7: Global: Smart Oilfield Industry: Value Chain Analysis
Figure 8: Global: Smart Oilfield Industry: SWOT Analysis
Figure 9: Global: Smart Oilfield Industry: Porter’s Five Forces Analysis
Figure 10: Global: Smart Oilfield Market: Breakup by Key Players, 2021
Figure 11: North America: Smart Oilfield Market, 2016-2021
Figure 12: North America: Smart Oilfield Market: Breakup by Segment, 2021
Figure 13: North America: Smart Oilfield Market Forecast, 2022-2027
Figure 14: Europe: Smart Oilfield Market, 2016-2021
Figure 15: Europe: Smart Oilfield Market: Breakup by Segment, 2021
Figure 16: Europe: Smart Oilfield Market Forecast, 2022-2021
Figure 17: Asia Pacific: Smart Oilfield Market, 2016-2021
Figure 18: Asia Pacific: Smart Oilfield Market: Breakup by Segment, 2021
Figure 19: Asia Pacific: Smart Oilfield Market Forecast, 2022-2027
Figure 20: Latin America: Smart Oilfield Market, 2016-2021
Figure 21: Latin America: Smart Oilfield Market: Breakup by Segment, 2021
Figure 22: Latin America: Smart Oilfield Market Forecast, 2022-2027
Figure 23: Middle East and Africa: Smart Oilfield Market, 2016-2021
Figure 24: Middle East and Africa: Smart Oilfield Market: Breakup by Segment, 2021
Figure 25: Middle East and Africa: Smart Oilfield Market Forecast, 2022-2027
List of Tables
Table 1: Global: Smart Oilfield Industry: Market Summary
Table 2: Global: Smart Oilfield Industry: Market Overview, 2021 and 2027
Table 3: Global: Smart Oilfield Industry: Market Structure
Table 4: Global: Smart Oilfield Market: Market by Region, 2022-2027
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