Digital Oilfield : Global Product Intelligence Industry Analysis 2023
A latest report has been added to the wide database of Digital Oilfield Market by Infinium Global Research. This report studies the Digital Oilfield Market by services (automation and instrumentation, and it services), by processes (reservoir and production, drilling optimizations) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. Digital Oilfield Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the Digital Oilfield Market. Global digital oilfield market is expected to grow at a CAGR of 4.0% over the forecast period 2017 to 2023. It was worth USD 24.60 billion in 2015.
Digital oilfields refer to the digital platform used for connection and collaboration of on and offshore operation in oil and gas sector. The digital oilfield helps improve the production and maximizes Oilfield recovery, limiting non-productive time thereby increasing profitability of the firm. Automation and instrumentation accounted for the largest market size in 2016 and it is expected to dominate the revenues in the digital oilfield market over the forecast period. The global digital oilfield market is expected to be primarily driven by factors such as growing demand for crude oil, need of integrated operations to increase efficient and optimal E & P and producing oil from mature oilfield. However, the growth in the global digital oilfield market is likely to be restrained by factors such as high investment costs and longer duration of implementation, and volatile crude oil prices.
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The digital oilfield market is segmented on the basis of services, processes, and region. The segmentation on the basis of services covers automation and instrumentation, and IT services. The automation and instrumentation segment further includes DSC, SCADA, smart well, safety systems, wireless sensor, PLC, CPM and others. The IT Services segment is further divided into IT outsourcing, software, IT services and commissioning and computer equipment/hardware. On the basis of processes the market is segmented as reservoir, production optimization, drilling optimizations and others. Among the processes the production optimization segment accounted for the largest market size in 2015.
The regions covered in the report include Americas, Europe, Asia-Pacific, and Middle East and Africa. The Americas region covers the markets such as North America, and South America. Furthermore Europe includes the country markets such as Russia, U.K., and Rest of Europe. The Asia-Pacific region covers the analysis of countries such as China Malaysia India Australia and Rest of APAC. Among the geographies Europe is expected to be the largest market for digital oilfield market closely followed by Americas over the forecast period 2016 to 2022. Furthermore Asia-Pacific is expected to grow at the highest CAGR over the forecast period
The companies covered in the report include Baker Hughes Incorporated, Schlumberger Limited, National Oilwell Varco, Inc., Halliburton Company, Honeywell International Inc., Weatherford International PLC, Paradigm Limited, Pason Systems Inc., and ABB Limited.
Table of Contents
1. Report Overview
1.1 Report Description
1.2 Research Methods
1.3 Research Approaches
2. Executive Summary
3. Digital Oilfield Market Overview
3.2 Market Dynamics
3.3 Porter’s Five Forces Analysis
3.4 IGR – Growth Matrix Analysis
3.5 Competitive Landscape in Global Digital Oilfield Market
4. Global Digital Oilfield Market by Services
4.1 Automation and Instrumentation
4.1.3 Smart Well
4.1.4 Safety Systems
4.1.5 Wireless Sensor
4.2 IT Services
4.2.1 IT Outsourcing
4.2.3 IT Services and Commissioning
4.2.4 Computer equipment/hardware
5. Global Digital Oilfield Market by Processes
5.3 Drilling Optimizations
6. Global Digital Oilfield Market by Region
6.1.1 Americas Digital Oilfield Market by Services
6.1.2 Americas Digital Oilfield Market by Processes
6.1.3 Americas Digital Oilfield Market by Country
6.2.1 Europe Digital Oilfield Market by Services
6.2.2 Europe Digital Oilfield Market by Processes
6.2.3 Europe Digital Oilfield Market by Country
6.3.1 Asia-Pacific Digital Oilfield Market by Services
6.3.2 Asia-Pacific Digital Oilfield Market by Processes
6.3.3 Asia-Pacific Digital Oilfield Market by Country
6.4 Middle East and Africa
6.4.1 Middle East and Africa Digital Oilfield Market by Services
6.4.2 Middle East and Africa Digital Oilfield Market by Processes
6.4.3 Middle East and Africa Digital Oilfield Market by Sub-region
7. Company Profiles
7.1 Baker Hughes Incorporated
7.2 Schlumberger Limited
7.3 National Oilwell Varco, Inc.
7.4 Halliburton Company
7.5 Pointcross Inc.
7.6 Honeywell International Inc.
7.7 Weatherford International PLC
7.8 Paradigm Limited
7.9 Pason Systems Inc.
7.10 ABB Limited
Browse Detailed TOC, Description and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/energy_mining_infra/global_digital_oilfield_market