Pune, April 06, 2020 (GLOBE NEWSWIRE) -- The global reservoir analysis market size is projected to reach USD 11.96 billion by the end of 2026. The increasing oil and gas exploration activities will have a direct impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Reservoir Analysis Market Size, Share & Industry Analysis, By Service (Geo-modelling & Reservoir Simulation, Data Acquisition & Monitoring, and Reservoir Sampling), By Application (Onshore and Offshore), and Regional Forecast, 2019-2026,” the market was worth USD 8.18 billion in 2018 and will exhibit a CAGR of 4.9% during the forecast period, 2019-2026.
Reservoir analysis is a concept that involves the study and examination of the performance and nature of a reservoir. It is mainly done to improve the yield and output of the reservoir during exploration activities. The concept saves a significant amount of time and cost involved with oil and gas drilling activities, as a result of which it is being widely used across the world. The increasing technological interventions in reservoir analysis systems have yielded products with the highest efficiency and precision. The constantly rising population has created a subsequent demand for oil and gas resources across the world. Technological advances have certainly played a major role in the growth of the market and this can be clearly depicted by the growing use of modern devices by major companies across the world.
Request a Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/reservoir-analysis-market-102566
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/reservoir-analysis-market-102566
Increasing Number of Product Launches Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In November 2017, Schlumberger announced the launch of and advanced digital integration reservoir analysis system. The product will analyse the rock and fluid data and enable ease of drilling and energy harnessing activities. Schlumberger’s latest product will not just help the company grow, but will have a huge impact on the growth of the market in the foreseeable future.
North America Currently Dominates the Market; Increasing Investment in Product R&D Will Aid Growth
The report analyzes the reservoir analysis market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America accounts for the largest market share. The increasing number of oil and gas exploration activities will have a direct impact on the growth of the market in this region. As of 2018, the market in North America was worth USD 3.13 billion and this value is projected to increase further in the coming years. The market in Asia Pacific will also witness considerable growth in the coming years, driven by the constantly rising exploration activities in countries such as China, Australia, and India.
List of the Key Companies that are operating in the Reservoir Analysis Market are:
- Halliburton (U.S.)
- Schlumberger (U.S.)
- Core Laboratories (U.S.)
- SGS (Switzerland)
- Baker Hughes (U.S.)
- Weatherford (U.S.)
- Emerson (U.S.)
- ALS (Australia)
- Intertek (U.K.)
- CGG (France)
- NUTECH (U.S.)
- Tracerco Ltd (U.S.)
- Trican Well Service Ltd. (Canada)
- Expro (England)
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/reservoir-analysis-market-102566
Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Latest Technological Advancement
- Regulatory Landscape
- Industry SWOT Analysis
- Porters Five Forces Analysis
- Global Reservoir Analysis Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Service
- Geomodeling & Reservoir Simulation
- Data Acquisition & Monitoring
- Reservoir Sampling
- Market Analysis, Insights and Forecast – By Application
- Onshore
- Offshore
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/reservoir-analysis-market-102566
(Have a Look at Reports Trending in Energy & Power Industry)
Browse Related Reports:
Well Intervention Market Size, Share and Industry Analysis By Type (Light Intervention, Medium Intervention, Heavy Intervention), Service (Logging & Bottom Hole Survey, Tubing/Packer Failure & Repair, Stimulation, Remedial Cementing, Zonal Isolation, Sand Control, Artificial Lift, Fishing, RE-Perforation), Application (Onshore, Offshore) and Regional Forecast, 2019-2026
Well Testing Services Market Size, Share and Industry Analysis By Service (Real Time Testing, Downhole Testing, Reservoir Sampling, Surface Well Testing), By Application (Onshore, Offshore) and Regional Forecast 2019-2026
Oilfield Services Market Size, Share and Industry Analysis By Service (Seismic Service, Drilling Service, Completion & Workover Service Production Service, Processing & Separation Service, Others), By Application (Onshore, Offshore), and Regional Forecast, 2019-2026
Reservoir Monitoring System Market Size, Share & Industry Analysis, By Technology (Electrical Downhole Monitoring System, Fiber Optic Downhole Monitoring System, Wireless Communication Downhole Monitoring System, Others), By Application (Onshore, Offshore) and Regional Forecast, 2019-2026
Artificial Lift System Market Size, Share and Industry Analysis By Type (Electric Submersible Pump (ESP), Sucker Rod Pump (SRP), Progressive Cavity Pump (PCP), Gas Lift, Others), By Application (Onshore, Offshore) and Regional Forecast, 2019-2026
Directional Drilling Services Market Size, Share and Industry Analysis By Location (Onshore, Offshore), By Type (Conventional, Rotary Steerable Systems (RSS)), By Service (Measurement While Drilling (MWD), Logging While Drilling (LWD), Rotary Steerable Systems (RSS), Mud Motors, Others) and Geography Forecast, 2019 – 2026
Oil and Gas Drill Bit Market Size, Share & Industry Analysis, By Type (Roller Cone Bits {Milled Tooth, Tungsten Carbide Inserts}, Fixed Cutter Bits {Polycrystalline Diamond Compact, Diamond Impregnated}), By Application (Onshore, Offshore), and Regional Forecast, 2019-2026
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release: https://www.fortunebusinessinsights.com/press-release/reservoir-analysis-market-9717