Enhanced Oil Recovery Market by Technology (Thermal, Gas, Chemical, Microbial and Seismic) and by Applications (Onshore and Offshore) - Global Trend & Forecast to 2019
DUBLIN, Feb .11, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/b5s3c2/enhanced_oil) has announced the addition of the "Enhanced Oil Recovery Market by Technology and by Applications - Global Trend & Forecast to 2019" report to their offering.
The market demand for enhanced oil recovery is projected to grow at a CAGR of 18.2% from 2014 to 2019
The leading players in industrial market include Nalco Company (U.S.), Praxair Technology, Inc. (U.S.) and Royal Dutch Shell PLC. (The Netherlands).
The increasing demand for enhanced oil recovery techniques in oil & gas industry is expected to be the major drivers for the enhanced oil recovery market. The growing demand for oil, large number of mature wells and increasing imports in Asia-Pacific region is also expected to escalate the enhanced oil recovery market.
The enhanced oil recovery market is estimated to grow with the increasing imports in Asia-Pacific region, as well as high sustained oil prices. Ageing oil fields, increasing global energy demand, and a dearth of conventional oil fields would also boost the demand for enhanced oil recovery market. The increase in demand for solar enhanced oil recovery technique in the Middle East is an attractive opportunity for the enhanced oil recovery market.
The market was segmented on the basis technology and application in terms of value and volume. The market segments by technology include thermal, gas, chemical, and others. The market segments for application include onshore and offshore.
Chemical enhanced oil recovery technology is estimated to be one of the fastest growing markets for enhanced oil recovery market. The key players of enhanced oil recovery prefer agreements, contracts, joint ventures, and partnership strategies and mergers & acquisitions to garner a larger share in the market. The leading enhanced oil recovery products and service providers are focusing on the emerging countries that are estimated to show potential for industrial development in the near future.
The enhanced oil recovery market is a highly fragmented one owing to the huge energy demand and changing technologies. Major companies rely on regional and local distributors to increase their share as well as geographical presence in the market. One of the major developments observed in the enhanced oil recovery market is agreements, contracts, joint ventures, and partnerships. The applications requirements for enhanced oil recovery and well as the operating conditions are continuously changing making it essential for the manufacturers and service providers to continually invest in R&D and come up with innovative solutions.
Companies are adopting inorganic growth strategies such as acquisitions to cope up with the increasing demand for enhanced oil recovery technology in key emerging markets. These strategies have aided companies create a large customer and partner base in key markets.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Global Enhanced Oil Recovery Market by Technology
8. Global PR Market by Application 9. Global PR Market, By Geography
10. Competitive Landscape
11. Company Profiles
- BP (U.K.)
- Cenovus Energy, (Canada)
- Cheveron Chemicals (U.S.)
- China Petroleum & Chemical Corporation (Beijing)
- Conoco Phillips (U.S.)
- Exxon Mobil Corporation (U.S.)
- Lukoil (Russia)
- Petrobras (Brazil)
- Petronas (Malaysia)
- Royal Dutch Shell (Netherlands)
- Statoil Asa (Norway)
For more information visit http://www.researchandmarkets.com/research/b5s3c2/enhanced_oil
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
Share this article